Market Overview
The global Dry Mix Mortar Market is forecast to see robust growth as demand for construction materials that offer ease of application, faster setting times, and environmental benefits continues to increase. Key applications include the building of residential, commercial, and infrastructure projects where dry mix mortar is used for masonry, plastering, and flooring.
As the construction industry increasingly embraces sustainable solutions, dry mix mortar, with its ability to reduce waste, improve efficiency, and ensure consistency, is quickly becoming the go-to solution in several emerging economies.
Estimated Growth Rate for Indian Tiles Market:
The Dry Mix Mortar Market is estimated to increase at a CAGR of 5.96% between 2023 and 2030 from USD 322.46 Million in 2024 to USD 431.88 Million by 2030.
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Key Growth Drivers
- Urbanization & Infrastructure Development: The global rise in urbanization, especially in developing economies, is one of the key drivers behind the growth of the dry mix mortar market. Countries in Southeast Asia, such as Vietnam, Thailand, and Singapore, have seen massive infrastructure projects, increasing demand for high-performance building materials like dry mix mortar.
- Rising Construction Industry: Continuous investment in both commercial and residential construction projects around the world has increased demand for dry mix mortar products. The growing trend of prefabrication and modular construction is also contributing to the surge in demand.
Mergers and Acquisitions: Key Market Developments
In recent years, several strategic mergers and acquisitions have shaped the dry mix mortar market, particularly in Asia and Europe.
- Vietnam: VinaConex has expanded its market presence by acquiring local dry mix mortar manufacturing units, boosting its production capabilities.
- Thailand: Thai-based Siam Cement Group has announced an investment in dry mix mortar production facilities to meet the growing demand from regional construction projects.
- Singapore: Sika AG has strengthened its position in the Southeast Asian market through the acquisition of a leading dry mix mortar manufacturer in Singapore, enhancing its distribution network and production capacity.
- South Korea: KCC Corporation made strategic investments in the South Korean dry mix mortar sector, expanding their production plants to cater to the increasing demand from urban and rural development.
- Japan: Asahi Kasei Corporation has launched innovative dry mix mortar solutions in the Japanese market, focusing on eco-friendly formulations and faster-setting products.
- European Countries: In Germany and France, major industry players like Knauf Group and LafargeHolcim have entered into joint ventures to increase their footprint in the European dry mix mortar market.
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Indian Tiles Market Segmentation:
by Application
Plaster
Render
Tile Adhesive
Grout
Water Proofing Slurry
Concrete Protection and Renovation
Insulation and Finishing System
Other Application
by End User Industry
Residential
Non-residential
Commercial
Infrastructure
Industrial/Institutional
Other Non-residential End-User Industries
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Key Regional Developments
Southeast Asia
- Vietnam: With its booming construction sector, Vietnam’s dry mix mortar market is set for significant growth, particularly in Hanoi and Ho Chi Minh City, where high-rise and commercial projects are on the rise.
- Thailand: The Thai market has been influenced by international players such as BASF and Sika, who are increasing their production and distribution capabilities within the country.
East Asia
- South Korea and Japan: Both countries are focused on improving the quality and performance of dry mix mortar solutions, incorporating advanced technologies like self-healing mortars and high-strength mixtures suitable for seismic regions.
Europe & North America
- Europe: Major European players are shifting towards automation and advanced manufacturing processes to cater to the growing demand for faster and more durable construction solutions.
- US: In the United States, the demand for dry mix mortar is driven by the construction of new commercial buildings and the renovation of older infrastructures, with major players focusing on improving product sustainability.
Dry Mix Mortar Key Players
1. aint-Gobain Weber
2. Sika AG
3. Ardex Group
4. BASF SE
5. LafargeHolcim Ltd.
6. CEMEX S.A.B. de C.V.
7. Mapei S.p.A.
8. Dow Chemical Company
9. Henkel AG & Co. KGaA
10. Parex Group
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Market Outlook
The global Dry Mix Mortar Market continues to grow at an impressive pace, supported by increasing construction activities and a global shift towards sustainable, cost-effective building materials. As the market matures, innovations in product formulations and production technologies are expected to play a crucial role in shaping the competitive landscape.
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