What is Global Construction Dry Mortar Market?
The Global Construction Dry Mortar Market is a vast and dynamic sector that plays a crucial role in the construction industry. Dry mortar is a product made by blending precisely dosed dry cement, sand, and other additives which are used to bind building materials together. The global market for this product is significant and continues to grow due to the increasing demand in the construction industry. The market was valued at US$ 15730 million in 2022 and is expected to reach US$ 20200 million by 2029, growing at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2029.
Bricklaying/ Masonry Mortar, Floor Screed, Tile Adhesives/Grouts, Wall Renders and Plasters, EIFS Products, Others in the Global Construction Dry Mortar Market:
The Global Construction Dry Mortar Market is segmented into various types based on their usage. These include Bricklaying/ Masonry Mortar, Floor Screed, Tile Adhesives/Grouts, Wall Renders and Plasters, EIFS Products, and Others. Bricklaying/ Masonry Mortar is the largest segment, accounting for over 30% of the market. This type of mortar is primarily used in the construction of walls, buildings, and other structures. Floor Screed is another significant segment, used to provide a smooth, flat surface to receive a final floor finish. Tile Adhesives/Grouts are used to fix tiles to walls or floors, while Wall Renders and Plasters are used to provide a smooth finish to walls and ceilings. EIFS Products (Exterior Insulation and Finish Systems) are a type of cladding system that provides exterior walls with an insulated, water-resistant, finished surface. The 'Others' segment includes various other types of dry mortars used in the construction industry.
Residential Building, Commercial Building, Industrial Building in the Global Construction Dry Mortar Market:
The Global Construction Dry Mortar Market finds its application in various areas such as Residential Building, Commercial Building, and Industrial Building. In the Residential Building sector, dry mortar is used in the construction of houses, apartments, and other residential structures. It is used for various purposes such as bricklaying, plastering, flooring, and tile fixing. In the Commercial Building sector, dry mortar is used in the construction of offices, shops, malls, and other commercial structures. It is used for similar purposes as in the residential sector, but on a larger scale. In the Industrial Building sector, dry mortar is used in the construction of factories, warehouses, and other industrial structures. Here, it is used for various purposes such as constructing walls, floors, and roofs, among others.
Global Construction Dry Mortar Market Outlook:
The global Construction Dry Mortar market, valued at US$ 15730 million in 2022, is projected to reach a value of US$ 20200 million by 2029. This represents a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. The largest segment in terms of type is bricklaying/ masonry mortar, which holds over 30% of the market share. In terms of application, the residential building segment dominates the market with a share of over 60 percent. This data provides a snapshot of the current state of the market and its potential growth in the coming years.
| Report Metric | Details |
| Report Name | Construction Dry Mortar Market |
| Accounted market size in 2023 | US$ 16460 million |
| Forecasted market size in 2029 | US$ 20200 million |
| CAGR | 3.5 |
| Base Year | 2023 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Sales by Region |
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| By Company | Sika, Saint-Gobain Weber, Henkel, Mapei, BASF, Cemex, Knauf, Ardex, Bostik, CBP, Caparol, Hanil Cement, Sto, Baumit, Quick-mix, HB Fuller, Forbo, CPI Mortars, Grupo Puma, Tarmac |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
