Global Dry Mortar Market Growth 2019-2024

Dry mortar is dry powder or granular material made by mixing dried screening process of fine aggregate, cementitious materials, additives, fillers, etc. Most of the dry mortar products contain both mineral cementitious binder (e.g. OPC) and polymer binder (e.g. re-dispersible powder) and they are normally packed in bags after mixing in the factory.
Dry mortars offer three main advantages: firstly, they reduce quality problems caused by improper mixing conditions on small job-sites; secondly, they allow building much faster with ready-to-use, high performance products; thirdly, the save on labor costs.
In recent years, with the continuous improvement of the national environmental protection requirements, it has become an urgent task of the local building authorities to promote the use of dry mortar. One key factor that has been driving the demand is the ability of these products to save labor costs. With the use of specialized application equipment, substantial improvement in workmen efficiency and Production has been reported due to the use of these products.
From the historical experience of developed countries in Europe and America, the dry mortar is mainstream and trend of ready-mixed mortar market. In Europe, dry mortar occupies more than 90% of all the mortar products.
Currently, the global dry mortar market is gradually shifting to Asia, especially China market is a top priority. Demand for building mortar should be 350-600 million tons and the production of dry mortar is only 6% of the demand. It still has room for dry mortar products to substitute the other construction mortar products. But the most challenge for China dry mortar market is the high production capacity and low utilization. With the investment growth of real estate slow down, the growth of dry mortar will keep a decreasing trend in future.
Dry mortar is a low concentration ratio industry. There are thousands of manufacturers in this industry. The production market share of Weber is about 4.26% in 2017, which is the No.1 of the global Dry mortar industry. The other competitors include, PAREX (FR), Sika (CH), Henkel (FR), Mapei (IT), Sto (DE), Ardex (DE), BASF (DE), Yuchuan Group (CN), BBMG Mortar (CN), Sichuan Gaoyu Building (CN), Guangzhou Ying Jian (CN), etc. The competition status wouldn’t be change in the short term. The growth of dry mortar industry depends on the growth of real estate market.

According to this study, over the next five years the Dry Mortar market will register a 3.6% CAGR in terms of revenue, the global market size will reach US$ 34700 million by 2024, from US$ 28100 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Dry Mortar business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Dry Mortar market by product type, application, key manufacturers and key regions and countries.

This study considers the Dry Mortar value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Bricklaying/ Masonry mortar
Floor Screeds
Tile Adhesives/Grouts
Wall Renders and Plasters
EIFS Products (major EPS and XPS)
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Construction Industry
Home Decoration Industry
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Saint-Gobain Weber (FR)
Materis (FR)
Sika (CH)
Henkel (FR)
Mapei (IT)
Sto (DE)
Ardex (DE)
BASF (DE)
Baumit (AT)
Bostik (FR)
Knauf (DE)
CBP (US)
Caparol (DE)
Cemex (US)
HB Fuller (US)
Quick-mix (DE)
Dryvit Systems (US)
Hanil Cement (KR)
AdePlast (Ro)
Forbo (CH)
CPI Mortars (UK)
Grupo Puma (ES)

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Dry Mortar consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Dry Mortar market by identifying its various subsegments.
Focuses on the key global Dry Mortar manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Dry Mortar with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Dry Mortar submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.