Market Size of Dry-mix Mortar Additives And Chemicals Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.52 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dry Mix Mortar Additives and Chemicals Market Analysis
The Dry-mix Mortar Additives And Chemicals Market size is expected to grow from 21.35 million tons in 2023 to 26.63 million tons by 2028, at a CAGR of 4.52% during the forecast period (2023-2028).
The dry-mix mortar additives and chemicals market was adversely impacted by COVID-19 in 2020. However, post-COVID-19 pandemic, the conditions started recovering in 2021, restoring the market's growth trajectory during the forecast period.
- Over the short term, increasing construction activities in the Asia-Pacific and long-term cost-effectiveness in the construction industry are the major factors driving the market.
- Conversely, a slowdown of construction activities in the United States and Europe is expected to hinder market growth.
- The increase in demand for eco-friendly construction is likely to act as an opportunity for the market studied over the forecast period.
- Asia-Pacific represents the largest market and is expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and ASEAN Countries.
