Dry Mortar Market Size, Share, Trends, Growth and Forecast 2030

Dry Mortar Industry Prospective:

The global dry mortar market size was worth around USD 38.05 billion in 2022 and is predicted to grow to around USD 59.06 billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.65% between 2023 and 2030.

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Dry Mortar Market: Overview

Dry mortar is a mixing substance with extensive applications in the construction and building industry. It is used to join bricks during wall construction. Dry mortar consists of several components that work together to create a strong bond between bricks that ensures the construction of a durable structure. The demand for dry mortar has increased rapidly in the last decade especially since the quality of the product has become a liability of dry mortar manufacturers. The constituents of the rigidity-imparting material are cement, sand, hydrated lime, and limestone powder. However, more materials can be added to the dry mortar mix depending on the final application and expectation. The versatility of the material is one of its key advantages since dry mortar is not only applicable to brick but also to concrete blocks or tiles. For instance, some of the extended material applications are repairing plaster, exterior & interior stucco, filler, tile adhesive, and stucco repair. The main concerning point for dry mortar is the short duration in which it must be used once mixed with water otherwise the product may be wasted.

Key Insights:

• As per the analysis shared by our research analyst, the global dry mortar market is estimated to grow annually at a CAGR of around 5.65% over the forecast period (2023-2030)
• In terms of revenue, the global dry mortar market size was valued at around USD 38.05 billion in 2022 and is projected to reach USD 59.06 billion, by 2030.
• The dry mortar market is projected to grow at a significant rate due to the rising infrastructure development projects
• Based on industry segmentation, non-residential was predicted to show maximum market share in the year 2022
• Based on application segmentation, plaster was the leading segment in 2022
• On the basis of region, Asia-Pacific was the leading revenue generator in 2022

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Dry Mortar Market: Growth Drivers

Rising infrastructure development projects to create higher demand in the market

The global dry mortar market is projected to grow owing to the increasing number of infrastructure development projects across the globe. With increasing population and growing demand from the commercial world, regional leaders are investing more in projects that not only provide better living facilities for the general population but also act as a lucrative segment to attract foreign investments. These projects include road and railway construction lines, new airports, production facilities, and commercial centers among other facilities. For instance, in September 2023, GMR Group, a multinational conglomerate in the global aviation sector, was seeking more opportunities for investments in Greece as a means to improve the transportation of people from India to Europe. The company is looking for new avenues that will directly impact trade relations between Greece and India. In August 2023, Dubai’s Ministry of Energy and Infrastructure launched the National Programme for Infrastructure Development (Salamah 365). It is a transformational project intended to improve public safety in the region. These investments are worth multi-billion dollars and are expected to drive the demand for dry mortar in the coming years.

Rising application in the hospitality sector to create a higher consumption rate

Global tourism is on the rise, especially after COVID-19. With international borders opening up and the rising trend of domestic or international travelers for leisure or business purposes the need for more accommodation facilities has surged in recent times. The hospitality sector is witnessing massive investments in terms of building new hotels, restaurants, and cafes in the affordable and luxury segments alike. In December 2021, Top Hotel Projects reported that France was expected to witness the construction of 96 more hotel properties by 2024. In June 2023, 4 new luxury hotels opened in Venice since it is one of the most visited tourist places across the globe.

Dry Mortar Market: Restraints

Health concerns related to dry mortar inhalation could restrict market growth

While dry mortar is not a health hazard in the absence of precautionary measures, dust emerging from dry mortar can lead to health issues. This aspect is projected to restrict global dry mortar market growth. Dust inhalation can lead to mild to severe breathing issues and damage to the respiratory tract. Hence, people working with dry mortar should be well-equipped with masks and other tools that prevent them from inhaling dry mortar dust. In addition to this, there have been reported cases of skin and eye irritation caused by prolonged exposure to the contents of dry mortar.

Dry Mortar Market: Opportunities

Growing strategic partnerships between market players and launch of new solutions to create growth possibilities

The dry mortar industry is projected to benefit from the increasing strategic partnership between market players and end-consumers. In addition to this, players are also working toward the development of safer and easy-to-use dry mortars. For instance, in June 2023, Baumit, a leading building material supplier, and Mondi, one of the world’s biggest packaging and paper solution providers, announced a strategic collaboration to develop water-soluble bags for dry mix mortar. Such innovations are expected to reduce waste generated from the construction industry that is also harmful to the environment. In January 2020, Ambuja Cement, India’s leading building material provider, launched 4 new ranges of novel dry mortar solutions to be used for residential buildings

Increasing tile-based projects in emerging countries may pose excellent expansion opportunities

The global dry mortar industry size could be driven to new heights by exploring the ongoing trend of tile-based residential projects in emerging countries. The increased urbanization rate and cost-efficiency offered by tiles as opposed to other building materials have contributed to the growing popularity of homes equipped with exquisite tile designs. The global tiles market was valued at USD 378 billion in 2022 and is expected to witness surging growth by 2030.

Dry Mortar Market: Challenges

Managing quality of dry mortar and high environmental problems to challenge market growth

Due to the lack of standardization policies on a global scale, it is difficult to manage and control the quality of dry mortar. Each brand has specific offerings and the quality may differ from other available options. This created challenges for the buyers as they may not find the product quality at par with their expectations after using. On the other hand, dry mortars lead to the emission of greenhouse gasses which is a pressing environmental concern for all countries. The rising measures against curbing greenhouse emissions and products causing gas release could act as growth barriers in the coming years.

Dry Mortar Market: Segmentation

The global dry mortar market is segmented based on industry, application, and region.

Based on industry, the global market segments are non-residential and residential. In 2022, the highest demand was observed in the non-residential segment mainly due to the massive extent of investments observed in the construction of commercial and infrastructural projects. The last few years have witnessed several investments in projects that cross regional boundaries. This includes building new corporate offices for international companies, entertainment centers, hotels, or other accommodation places. In November 2022, Continental, a leading technology company, launched a new campus worth USD 119 million in India. The growing investments in smart city projects areare likely to propel growth in the residential segment by 2030.

Based on application, the dry mortar industry  segments are adhesives, waterproofing, plaster, grout, render, and others. In 2022, the highest application of dry mortar was in the plaster segment followed by render. In the construction industry, plaster refers to the application of a protective coating on masonry to avoid damage from external environmental components. Plaster application is an extremely common process in building and construction and almost all new units undergo this procedure to ensure durability and longevity. Experts recommend that once cement dry mortar is mixed with water, it should be used within 90 minutes for optimal results.

Dry Mortar Market: Report Scope

Dry Mortar Market: Regional Analysis

Asia-Pacific is the leading region and will continue the trend by 2030

The global dry mortar market is currently dominated by Asia-Pacific with China and India acting as the major contributors. The region is home to an extensive network of building material suppliers, especially cement and dry mortar. China and India are equipped with large-scale production facilities and have the necessary manpower to meet the surging demand for dry mortar. In addition to acting as key suppliers to international clients, Asian nations have a high domestic demand for dry mortar as these countries are witnessing surging rates of infrastructure development projects. For instance, the massive Belt-and-Road initiative by China is worth USD 1 trillion. The country aims to deliver the associated projects in around 70 countries across continents. On the other hand, other Asian countries such as Japan, India, and South Korea are investing in commercial and residential projects. The Middle East is expected to deliver significant results. The primary growth driver is the rising number of construction and building projects in the Gulf countries.

Dry Mortar Market: Competitive Analysis

The global dry mortar market is led by players like:

• Ardex Group
• Saint-Gobain Weber
• Dow
• CEMEX S.A.B. de C.V.
• Caparol
• LafargeHolcim
• Sika AG
• Dryvit Systems
• Mapei SpA
• Quick-Mix Group
• Knauf
• BASF SE
• Custom Building Products
• Parex Group
• Sakrete

The global dry mortar market is segmented as follows:

By Industry

• Non-Residential
• Residential

By Application

• Tile Adhesives
• Waterproofing
• Plaster
• Grout
• Render
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa