Dry Mix Mortar Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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). The report offers market size and forecasts for dry-mix mortar in terms of volume (million tons) for all the above segments.

Market Snapshot

Dry Mix Mortar Market Overview
Study Period: 2016 - 2026
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >5 %
Dry Mix Mortar Market Major Players

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Market Overview

The Dry Mix Mortar Market size is valued at around 290 million tons in 2020, and the market is projected to register a CAGR of over 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 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.
  • 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 methylcellulose, 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, waterproofing 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 tons).

End-user Industry
Residential
Non-residential
Commercial
Infrastructure
Industrial/Institutional
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
Italy
France
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 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 US construction industry is expected to continue a relatively solid growth over the forecast period, supported by the expanding residential sector.
  • The construction sector in Southeast Asia has been expanding rapidly, supported by the growth in the construction sectors of Indonesia, the Philippines, and Vietnam.
  • The European construction sector has been recovering at a brisk pace to meet with the spending levels above the pre-crisis highs. Countries such as France, Italy, Spain, Greece, and Portugal still have limited growth in the construction sector and are expected to expand at a slow pace through the forecast period.
  • Therefore, the aforementioned factors are expected to impact the market in the coming years significantly.
Dry Mix Mortar Market Key Trends

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.
  • The 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.
  • The increased focus on affordable housing by both the public and private sectors is also driving the growth in the residential construction sector.
  • Even non-residential infrastructure is expected to grow considerably. The aging population in the country is creating demand for the construction of healthcare facilities and new hospitals. The structural changes happening in the Chinese economy over the past few years, with the service sector taking a larger share in the total GDP, gave rise to the construction of huge commercial and office spaces.
  • In China, the construction industry grew at a strong pace in 2020, but the growth was restricted due to the pandemic situation. The construction sector supported the economic growth in the country whenever major slowdowns occurred.
  • The country has the largest construction market in the world, encompassing 20% of all construction investments globally. China is expected to spend nearly USD 13 trillion on buildings by 2030, creating a positive market outlook for construction materials such as dry mix mortar.
  • According to the National Bureau of Statistics of China, the construction output value in the country increased from CNY 9.6 trillion in 2010 to CNY 26.39 trillion in 2020
  • Therefore, the aforementioned factors are expected to impact the market in the coming years significantly.
Dry Mix Mortar Market Growth Rate

Competitive Landscape

The dry mix mortar market is fragmented 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 Saint-Gobain, among others.

Recent Developments

  • In July 2021, ARDEX Group further strengthened its market position in New Zealand by acquiring the business of Drymix NZ.
  • 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 October 2019, the Ardex Group acquired a strategic stake in Ceramfix of Brazil, a manufacturer of products for the installation of ceramic tiles, including mortars, tile adhesives, grouts, waterproofing, and accessories.

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 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/Institutional

        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 Italy

        4. 5.3.3.4 France

        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 Share (%) Analysis**/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 Conmix Ltd

      7. 6.4.7 Grand Aces Ventures Inc.

      8. 6.4.8 Henkel AG & Co. KGaA

      9. 6.4.9 Knauf Gips KG

      10. 6.4.10 Holcim

      11. 6.4.11 Laticrete International Inc.

      12. 6.4.12 MAPEI SpA

      13. 6.4.13 M&P Drymix

      14. 6.4.14 Plaxit

      15. 6.4.15 Saint-Gobain

      16. 6.4.16 Saudi Readymix

      17. 6.4.17 Saudi Vetonit Co. Ltd

      18. 6.4.18 Sika AG

      19. 6.4.19 The Ramco Cements Limited

      20. 6.4.20 UltraTech Cement Ltd

      21. 6.4.21 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 >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, Saint-Gobain are the major companies operating in Dry Mix Mortar Market.

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