Dry Mix Mortar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Dry Mix Mortar Market is segmented by End-user Industry (Residential and Non-Residential), Application (Plaster, Render, Tile Adhesive, Grout, Water Proofing Slurry, Concrete Protection and Renovation, Insulation and Finishing Systems, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Dry Mix Mortar Market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >6.5 %
Dry Mix Mortar Market Top Companies

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Market Overview

The dry mix mortar market size was estimated at over 260 million ton in 2020, and the market is projected to register a CAGR of over 6.5% during the forecast period (2021-2026).

The market was negatively impacted by COVID-19 in 2020. Dry mix mortar finds its major application in the construction industry, where it is used in plasters, grouts, waterproofing slurries, tile adhesives, and others. Considering the COVID-19 scenario, the private and government construction activities were on a temporary halt during the government-imposed lockdown, which led to a decrease in the consumption of dry mix mortar used in the construction works the demand for the dry mix mortar market. However, the construction sector is picking up the pace in the post-pandemic scenario. Thus, this will enhance the market demand for the dry mix mortar in the coming years.

  • Over the short term, the increasing construction activities in the United States and Asia-Pacific are expected to drive the market’s growth.
  • However, the high prices of dry mix mortars, compared to conventional mortars, and the lack of awareness in developing economies are likely to hinder the market's growth.
  • The emerging trend of green building certifications is likely to act as opportunities in the future.
  • Asia-Pacific dominated the market studied, with the largest consumption from countries like China, India, and Japan.

Scope of the Report

Dry mix mortar is produced by mixing various raw materials, including sand, limestone powder, binders like cement, hydrated lime, white cement, and gypsum, and additives like methyl cellulose, synthetic resin, hydrophobic agent, and others. The dry mix mortar market is segmented by end-user industry, application, and geography. By end-user industry, the market is segmented into residential and non-residential. By application, the market is segmented into plaster, render, tile adhesive, grout, water proofing slurry, concrete protection and renovation, insulation and finishing systems, and other applications. The report also covers the market size and forecasts for the dry mix mortar market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of volume (million ton).

End-user Industry
Residential
Non-residential
Commercial
Infrastructure
Industrial
Other Non-residential End-user Industries
Application
Plaster
Render
Tile Adhesive
Grout
Water Proofing Slurry
Concrete Protection and Renovation
Insulation and Finishing Systems
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Robust Demand from the Render Segment

  • Dry mix products provide excellent technical properties to meet the stringent performance requirements common in the current construction scenario. Additionally, the use of dry mix mortar products is economical, as they reduce the potential construction problems with long-term integrity structures with a simple materials approach.
  • Dry mixed mortar contains the precise blend of materials and only requires the addition of water to produce a suitable render. Dry mix mortar comprises special additives that improve the workability of renders and help them bond to the background and reduce the risk of cracking. They can also be used for decorative finishes.
  • Rendering is done in almost all of the construction applications to achieve a smooth or deliberately textured surface.
  • The global construction industry was valued at about USD 12 trillion in 2019, and it is estimated to reach about USD 14.3 trillion by 2024, with a CAGR of about 3.5%, thus led to an increase in the consumption of dry mix mortar for tile adhesion purpose, which in turn stimulates the demand for the dry mix mortar market.
  • In 2019, the total value of new construction was about USD 1,365 billion in the United States. The US construction industry is set to continue to post relatively solid growth over the forecast period, supported by the expanding residential sector.
  • Therefore, the aforementioned factors are expected to impact the market in the coming years significantly.
Dry Mix Mortar Market Share

China to Dominate the Market in the Asia-Pacific Region

  • China is among the global drivers in the consumption of dry mix products, owing to the huge infrastructure and residential growth taking place in the country.
  • China is investing in infrastructure development projects. According to the Civil Aviation Administration of China (CAAC), the country started operation in 12 new airports and working on the 13th airport Ankang Fuqiang Aiport in Shaanxi province. Additionally, the country has extended the runway at Zhangjiakou Ningyuan Airport and expand the airport serving capacity from 600,000 to one million passengers per year, a key airport for hosting the 2022 Beijing winter Olympics. This will lead to an increase in the consumption of dry mix mortar in the application like plasters, tile adhesives, and grouts, which, in turn, stimulates the demand for the dry mix mortar market.
  • The Chinese government has rolled out massive construction plans, including making provision for the movement of more than 250 million people to its new megacities over the next ten years, despite efforts to rebalance its economy to a more service-oriented form.
  • As state-owned and private enterprises dominate the construction industry, increased government and private spending in this regard are pushing the industry to the peak position in the world.
  • China was leading in the construction industry with a market size of USD 1,092.9 billion in the year 2019, registering a growth rate of 14.71% compared to the previous year, which, in turn, stimulates the market demand for the dry mix mortar.
  • The number of high bridge constructions in China surpasses the rest of the world. On average, the Chinese government is constructing 50 high bridges a year, while the rest of the world construct about ten every year.
  • The country is also working on road projects which include the construction of an expressway between the cities such as Guangnan Nasa and Xichou Xingjie with an investment of USD 1.61 billion, Chengjiang and Huaning with an investment of USD 1.86 billion, and Quibei and Yanshan in Yunan province with an investment of 1.54 billion. Additionally, the construction of two new highway projects connecting Nayong with Qinglong and Liuzhi with Anlong in Guizhou Province and an investment of USD 8.68 billion is expected to impact China's dry mix mortar market positively.
  • Demographics in the country are expected to continue to spur the growth in residential construction. Rising household income levels combined with population migrating from rural to urban areas are expected to continue to drive demand for the residential construction sector in the country.
  • Therefore, the aforementioned factors are expected to impact the market in the coming years significantly.
Dry Mix Mortar Market Growth Rate By Region

Competitive Landscape

The dry mix mortar market is consolidated in nature. Some of the major players in the market include Sika AG, CEMEX S.A.B. de C.V., MAPEI SpA, Ardex Group, and Dow, among others.

Recent Developments

  • In February 2021, Sika AG agreed to acquire Kreps LLC, a Russian mortar manufacturer with annual sales of about USD 16.24 million, which will help in expanding the business by enhancing the product portfolio.
  • In May 2019, Sika AG completed the acquisition of Parex, a mortar manufacturer with annual sales of about USD 1.3 billion, which in turn enhances the product portfolio for the building finishing market.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in the United States and Asia-Pacific

      2. 4.1.2 Long-term Cost Effectiveness in the Construction Industry

      3. 4.1.3 Simplified Mix and Apply Operation

    2. 4.2 Restraints

      1. 4.2.1 High Cost Compared to Conventional Mortars

      2. 4.2.2 Unfavorable Conditions Arising Due to the Impact of COVID-19

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 End-user Industry

      1. 5.1.1 Residential

      2. 5.1.2 Non-residential

        1. 5.1.2.1 Commercial

        2. 5.1.2.2 Infrastructure

        3. 5.1.2.3 Industrial

        4. 5.1.2.4 Other Non-residential End-user Industries

    2. 5.2 Application

      1. 5.2.1 Plaster

      2. 5.2.2 Render

      3. 5.2.3 Tile Adhesive

      4. 5.2.4 Grout

      5. 5.2.5 Water Proofing Slurry

      6. 5.2.6 Concrete Protection and Renovation

      7. 5.2.7 Insulation and Finishing Systems

      8. 5.2.8 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Ardex Group

      3. 6.4.3 BASF SE

      4. 6.4.4 CEMEX S.A.B. de C.V.

      5. 6.4.5 Colmef Monelli

      6. 6.4.6 Compagnie de Saint Gobain SA

      7. 6.4.7 Conmix Ltd

      8. 6.4.8 Dow

      9. 6.4.9 Grand Aces Ventures Inc.

      10. 6.4.10 Henkel AG & Co. KGaA

      11. 6.4.11 Knauf Gips KG

      12. 6.4.12 LafargeHolcim

      13. 6.4.13 Laticrete International Inc.

      14. 6.4.14 MAPEI SpA

      15. 6.4.15 Mortar & Plaster (M&P)

      16. 6.4.16 Plaxit

      17. 6.4.17 Saudi Readymix

      18. 6.4.18 Saudi Vetonit Co. Ltd

      19. 6.4.19 Sika AG

      20. 6.4.20 The Ramco Cements Limited

      21. 6.4.21 UltraTech Cement Ltd

      22. 6.4.22 WUENSCH PLASTER

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Emerging Trend of Green Building Certifications

**Subject to Availability

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Frequently Asked Questions

The Dry Mix Mortar Market market is studied from 2016 - 2026.

The Dry Mix Mortar Market is growing at a CAGR of >6.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Sika AG, CEMEX S.A.B. de C.V., MAPEI S.p.A., Ardex Group, Dow are the major companies operating in Dry Mix Mortar Market.

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