The global dry mix mortar market is projected to experience significant growth in the coming years, driven by increasing demand for construction activities and advancements in technology. Dry mix mortar refers to a mixture of cement, sand, and other additives that are blended together with water to form a uniform mixture that can be used for various applications, including masonry, plastering, and tile fixing.
The market is segmented based on type, application, and end-user. The different types of dry mix mortar include polymer-modified, ready-mix, and others. Polymer-modified dry mix mortar is expected to have the highest market share due to its superior properties such as high durability, water resistance, and flexibility.
The application of dry mix mortar can be classified into masonry, rendering, flooring, tile fixing, and others. The masonry segment is expected to hold the largest market share, followed by rendering and tile fixing. The increasing demand for residential and commercial buildings is expected to drive the growth of the dry mix mortar market in the masonry segment.
The end-users of dry mix mortar include residential, non-residential, and infrastructure. The non-residential segment is expected to hold the largest market share, followed by the residential segment. The growth of the non-residential segment can be attributed to the increasing demand for office spaces, commercial buildings, and public infrastructure.
Geographically, the market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. Asia-Pacific is expected to hold the largest market share due to the presence of emerging economies such as China and India, which are experiencing rapid urbanization and industrialization. North America and Europe are also expected to witness significant growth due to increasing investments in construction activities and technological advancements.
The key players in the dry mix mortar market include Saint-Gobain Weber, CEMEX, Sika AG, BASF SE, DowDuPont, Parex Group, Mapei, LafargeHolcim, and Fosroc International. These companies are focusing on research and development to introduce innovative products that cater to the diverse needs of the customers.
The dry mix mortar market is highly competitive, and companies are adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to expand their market presence. For instance, in January 2021, Saint-Gobain Weber acquired a majority stake in Joh. Sprinz GmbH & Co. KG, a manufacturer of glass shower enclosures and glass systems, to expand its product portfolio and strengthen its market presence.
The increasing demand for eco-friendly and sustainable building materials is expected to create new opportunities for the growth of the dry mix mortar market. Manufacturers are focusing on developing products that are environmentally friendly and have minimal impact on the environment.
In conclusion, the global dry mix mortar market is expected to witness significant growth in the coming years due to increasing demand for construction activities and advancements in technology. The market is highly competitive, and companies are adopting various strategies to expand their market presence. The increasing demand for eco-friendly and sustainable building materials is expected to create new opportunities for the growth of the market.