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Dry Mix Mortar Market Size

Report ID: GMI3657
Published Date: Apr 2021
Report Format: PDF

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Dry Mix Mortar Market Size

Dry Mix Mortar Market size valued at around USD 34.45 billion in 2020 and will exhibit a growth rate of over 5.5% CAGR from 2021 to 2027. Increasing government initiatives for infrastructural development in developing economies, such as India, China, and Indonesia, are projected to boost the consumption of dry mix mortar.

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Cost-effectiveness and ease to use will influence the dry mix mortar demand. Growing population and increasing disposable income will drive the construction industry.

Dry Mix Mortar Market Report Attributes
Report Attribute	Details
Base Year:	2020
Dry Mix Mortar Market Size in 2020:	34.45 Billion (USD)
Forecast Period:	2021 to 2027
Forecast Period 2021 to 2027 CAGR:	5.5%
2027 Value Projection:	49.73 Billion (USD)
Historical Data for:	2017 to 2020
No. of Pages:	165
Tables, Charts & Figures:	147
Segments covered:	Application, End-User and Region
Growth Drivers:	Strong growth in the infrastructural industry Rising consumption of dry mix mortar in the Asia Pacific
Pitfalls & Challenges:	Lack of appropriate norms and standards for dry mortar technology

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The rising usage of dry mix mortar in commercial and institutional sectors, especially in developed regions including Europe and North America, is further expected to spur the overall industry. Rapid growth in commercial construction activities mainly in the U.S., Italy, and Russia has further propelled the consumption of building materials, thereby boosting the dry mix mortar market growth. The rising application of dry mix mortar as tile adhesives and renders is likely to propel the dry mix mortar demand. This mortar includes special additives that help to reduce the risk of cracks and improve the workability of renders and the bonding capacity to the background.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The industry size of dry mix mortars reached over USD 34.45 billion in annual revenue in 2020 and will rise at a 5.5% CAGR up to 2027 owing to the surge in government initiatives for infrastructural development across emerging economies, like India, China, and Indonesia.

The render application segment contributed to over 41% of the dry mix mortar market share in 2020 will expand at a rate of 5.5% through 2027 with the rise in new construction activities.

The market size from the non-residential end-user segment is anticipated to strike a 5.5% CAGR in the coming years with increasing adoption of dry mix mortars across several commercial and industrial sectors in the developing countries.

The APAC region held a significant dry mix mortar revenue share and is set to witness inclination owing to a higher number of commercial and infrastructural constructions across China, India, Japan, Indonesia, and South Korea.