North America Dry Mix Mortar Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030

North America Dry Mix Mortar Market Analysis

The North America Dry Mix Mortar Market size is estimated at 82.96 Million Tons in 2025, and is expected to reach 106.76 Million Tons by 2030, at a CAGR of 5.17% during the forecast period (2025-2030).

The North American construction sector is experiencing significant transformation driven by substantial infrastructure investments and policy initiatives. The United States construction sector demonstrated remarkable growth with investments reaching USD 1,792.9 billion in 2022, marking a 10.2% increase from the previous year. This growth trajectory is further supported by the Biden administration's Bipartisan Infrastructure Law, which has allocated USD 220 billion for approximately 32,000 infrastructure projects spanning roads, highways, and airports. The implementation of key legislation such as the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act has created a robust framework for sustained construction activity. These initiatives are reshaping the construction landscape by providing tax incentives and direct funding for both private and public construction endeavors, significantly impacting the dry construction market.

A notable shift in manufacturing and supply chain dynamics is reshaping the regional construction industry. Mexico has emerged as a significant beneficiary of nearshoring trends, attracting substantial foreign direct investment (FDI) of USD 32.2 billion in the first three quarters of 2023, nearly matching its entire 2022 total of USD 36 billion. This trend is driven by the United States-Mexico-Canada Agreement (USMCA) implementation and evolving global trade dynamics. The strategic relocation of manufacturing facilities from China to North America has catalyzed the construction of new industrial facilities, warehouses, and supporting infrastructure. Mexico's Ministry of Infrastructure, Communications, and Transport has outlined an ambitious USD 19.5 billion investment plan encompassing 541 infrastructure projects, including airports, highways, and railways. This has led to increased demand for construction mortar and building mortar in the region.

The region is witnessing a significant push toward sustainable and energy-efficient construction practices. The Biden-Harris administration has announced plans to invest USD 450 million in clean and renewable energy projects across 1.5 million acres, aiming to generate 90 GW of clean energy capable of powering over 30 million homes. This initiative has spurred the development of energy-efficient buildings and facilities incorporating advanced insulation and finishing systems. The emphasis on thermal insulation and energy conservation has become a key consideration in both new construction projects and retrofitting existing structures, driving innovation in dry mix mortar and dry mix concrete materials and techniques.

The residential and commercial construction sectors are undergoing substantial evolution driven by changing market demands and workplace dynamics. The trend toward flexible office spaces and modern workplace environments has stimulated commercial construction activity across major urban centers. Government-backed affordable housing schemes and favorable mortgage rates have sustained residential construction momentum. The World Bank Group's affordable housing initiatives, particularly in Mexico, have catalyzed residential development projects. The construction industry is adapting to these changing demands through innovative design approaches and sustainable building practices, focusing on creating energy-efficient and environmentally conscious structures that meet modern living and working requirements. This evolution is a key driver of dry construction market growth and the increased use of construction adhesive.

North America Dry Mix Mortar Market Trends

Upcoming commercial construction in leading economies, such as the United States, may propel the growth of commercial construction

• In North America, the new floor area construction in the commercial sector was 4% higher in 2022 compared to 2021, primarily due to Canada and Mexico, which recorded growth rates of about 7% and 24%, respectively, during the same period. The new floor area construction of the sector was estimated to increase by around 6% in 2023 compared to 2022 due to the growth in demand for commercial spaces as the work-from-home trend declined and businesses expanded across the region.
• The sector witnessed noticeable losses during 2020 and 2021 because of the COVID-19 pandemic and its impact, such as disruptions in supply chains and economic uncertainty. As a result, the new floor area constructions in 2020 and 2021 declined by 12.96% and 8.39% compared to their respective previous years. The sector was most affected in Canada in 2020, such that the new floor area construction declined by 25.05% over the previous year.
• The commercial sector's new floor area construction is expected to register a CAGR of 4% in terms of volume during the forecast period (2023-2030) due to upcoming commercial construction activities, primarily in leading economies such as the United States. For instance, 103rd Street and Antioch Road mixed-use redevelopment, Elliot and Sossaman Road data center, Monroe Block mixed-use complex, and Woodside Square redevelopment were some large commercial projects that were expected to commence in the country in 2023. The sector is estimated to witness the most growth in Mexico, with the new floor area construction estimated to reach 192 million sq. ft by 2030 compared to 136 million sq. ft in 2022.

Canada is expected to lead the residential sector's growth in North America, driven by rising incomes, low interest rates, and an influx of new residents

• In 2022, the residential sector in North America saw a 5.03% growth in new floor area construction despite soaring housing prices. Notably, mortgage rates in the United States surged from 3.2% to approximately 7.5% by early 2022. This surge was expected to persist in 2023, with new floor area construction rising by 3.45%. By May 2023, the United States was estimated to hit 1.63 million new home constructions, marking a significant surge from 1.8 million units since April 2022.
• In 2020, the region's residential sector faced a setback, witnessing a 90-million sq. ft drop in new floor area construction, primarily due to the negative impact of the COVID-19 pandemic. These disruptions included lockdowns, liquidity constraints, and a dampened demand for new buildings. For instance, in 2020, new residential construction in Canada saw a steep 51.9% decline in multi-family homebuilding. However, in 2021, with the economies recovering from the impact of the pandemic, the sector also rebounded, with a notable 289 million sq. ft increase in new floor area construction. Specifically, the United States and Canada saw volume growths of 14.5% and 19.7%, respectively, in new residential construction.
• The region's new floor area construction is projected to witness a CAGR of 3.67% in terms of volume from 2023 to 2030. Canada is expected to lead this growth, driven by rising incomes, low interest rates, and an influx of new residents, particularly millennials and Gen Z, who are forming their own households and seeking homeownership.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: End Use Sector

Residential Segment in North American Dry Mix Mortar Market

The residential construction sector maintains its dominant position in the North American dry mix mortar market, commanding approximately 60% of the total market share in 2024. This substantial market presence is primarily driven by the extensive usage of dry mix mortar in various residential applications, including rendering mortar, plastering mortar, waterproofing, and tiling work. The segment's growth is further supported by favorable mortgage rates and government-backed affordable housing schemes that continue to fuel demand for new residential units. The United States market particularly shows strong momentum with an estimated 1.63 million new home constructions, while Canada's growth is propelled by rising incomes and an influx of new residents, particularly millennials and Gen Z, who are forming their own households and seeking homeownership.

Industrial and Institutional Segment in North American Dry Mix Mortar Market

The Industrial and Institutional (I&I) segment emerges as the fastest-growing sector in the North American dry mix mortar market, driven by significant manufacturing sector expansion and infrastructure development initiatives. This growth is particularly evident in the United States, where construction expenditures reached USD 190 billion by April 2023, with continued momentum expected through 2024-2029. Mexico's increasing focus on nearshoring activities has led to substantial foreign direct investment, with over half earmarked for the industrial sector. The segment's growth is further bolstered by government initiatives like the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act, which offer tax incentives and direct funding for both private and public construction endeavors.

Remaining Segments in End Use Sector

The commercial and infrastructure segments continue to play vital roles in shaping the North American dry mix mortar market landscape. The commercial sector benefits from the declining work-from-home trend and increasing demand for modern, flexible office spaces, including co-working setups. Meanwhile, the infrastructure segment is driven by significant public-private partnerships and major development projects across North America, including airport expansions, highway constructions, and railway developments. Both segments are experiencing steady growth, supported by various government initiatives and increasing private sector investments in construction and renovation projects.

Segment Analysis: Application

Render Segment in North American Dry Mix Mortar Market

The rendering mortar segment continues to dominate the North American dry mix mortar market, commanding approximately 46% of the total market share in 2024. This significant market position is primarily driven by the surging demand from the residential construction sector, particularly in the United States, where there is a notable increase in new homebuilding permits and multi-family housing complex construction. The segment's prominence is further reinforced by its versatile applications in providing durable, weather-resistant finishes on building exteriors across commercial, residential, and industrial constructions. The United States and Mexico's active efforts in bolstering their manufacturing sectors, particularly Mexico's nearshoring boom, which attracted substantial foreign direct investment, have significantly contributed to the segment's market leadership.

Insulation and Finishing Systems Segment in North American Dry Mix Mortar Market

The insulation and finishing systems segment is emerging as the fastest-growing segment in the North American dry mix mortar market, projected to grow at approximately 7% CAGR during 2024-2029. This remarkable growth is primarily attributed to increasing emphasis on energy efficiency in buildings across North America, with governments implementing key policies and initiatives to reduce energy costs. The segment's growth is further propelled by mounting concerns over energy costs and stringent government regulations mandating insulation in both new and existing buildings. The residential and commercial construction sectors are particularly driving this growth, with a strong focus on thermal insulation systems to enhance building energy efficiency and meet sustainability goals.

Remaining Segments in Application Segmentation

The other significant segments in the North American dry mix mortar market include plastering mortar, grouting mortar, concrete protection and renovation, tile adhesive mortar, waterproof mortar slurries, and other applications. The plastering mortar segment maintains a strong position, particularly in interior applications for walls and ceilings. Grouting mortar and concrete protection segments are crucial in infrastructure and industrial applications, while tile adhesive mortar serves both residential and commercial construction needs. Waterproof mortar slurries play a vital role in ensuring structural durability, especially in regions with varying weather conditions. Each of these segments contributes uniquely to the market's diversity and serves specific construction requirements across different sectors.

North America Dry Mix Mortar Market Geography Segment Analysis

Dry-Mix Mortar Market in United States

The United States continues to dominate the North American dry mix mortar market, commanding approximately 75% of the total market volume in 2024. This leadership position is primarily driven by robust infrastructure development initiatives, including the Bipartisan Infrastructure Law that has allocated substantial investments for nearly 32,000 infrastructure projects spanning roads, highways, and airports. The country's construction sector has shown remarkable resilience, particularly in the industrial segment, where manufacturing facility construction has surged due to government initiatives like the Infrastructure Investment and Jobs Act (IIJA), Inflation Reduction Act (IRA), and CHIPS Act. The Biden-Harris administration's commitment to clean energy development, including plans to construct renewable energy projects across 1.5 million acres, has further stimulated market growth. Additionally, the increasing demand for flexible office spaces and the steady rise in privately-owned housing projects have created sustained demand for construction mortar products. The market has also benefited from the growing emphasis on sustainable construction practices and energy-efficient building solutions, driving innovations in dry mix mortar formulations.

Dry-Mix Mortar Market in Mexico

Mexico has emerged as a dynamic force in the North American dry mix mortar market, projected to grow at approximately 7% annually from 2024 to 2029. The country's construction sector is experiencing a transformative phase, driven by significant foreign direct investment in manufacturing facilities and infrastructure development. The Ministry of Infrastructure, Communications, and Transport's ambitious plan to invest across 541 infrastructure projects, including airports, highways, and railways, has created substantial opportunities for cement mortar applications. The country's strategic position in the global supply chain realignment has attracted numerous manufacturing facilities, particularly as companies seek to nearshore operations from Asia. The World Bank Group's affordable housing initiatives have catalyzed residential construction activities, creating sustained demand for dry mix concrete products. The commercial construction sector has shown particular vibrancy, with rising demand for modern office spaces and retail establishments. Furthermore, the government's commitment to sustainable urban development and infrastructure modernization has created a favorable environment for market expansion.

Dry-Mix Mortar Market in Canada

Canada's dry mix mortar market has demonstrated strong fundamentals, supported by ambitious construction projects across residential, commercial, and industrial sectors. Notable developments like "The Well," a sprawling 3.2 million square feet multi-use development, and "The Greater Golden Mile," which involves 77 residential towers planned for over 50,000 residents, exemplify the scale of construction activities driving market demand. The country's clean energy sector has emerged as a significant growth driver, with substantial investments in new generation capacity, particularly in wind and solar plants. The rising demand for modern, flexible office spaces, including co-working setups, has stimulated commercial construction activities. Additionally, the government's focus on sustainable construction practices and energy efficiency improvements in buildings has created new opportunities for cement mortar applications. The market has also benefited from increasing renovation and retrofit activities in existing structures, particularly in urban centers where property modernization is gaining momentum.

Dry-Mix Mortar Market in Other Countries

The remaining North American territories and regions demonstrate varying levels of market development in the mortar industry. These markets are characterized by distinct construction trends and regulatory frameworks that influence the adoption of dry mix mortar products. The construction activities in these regions are primarily driven by infrastructure modernization efforts, residential development projects, and commercial construction initiatives. Local government policies and investment in construction sectors play crucial roles in shaping market dynamics. The growing emphasis on sustainable construction practices and energy-efficient building solutions has created new opportunities for dry mix mortar applications. These markets also benefit from the broader regional trends of supply chain reorganization and increased focus on domestic manufacturing capabilities. The adoption of advanced construction technologies and modern building materials continues to influence market development in these regions.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.