Construction Dry Mortar Market Size, Share, Growth, And Industry Analysis By Type (Bricklaying/ Masonry Mortar, Floor Screed, Tile Adhesives/Grouts, Wall Renders and Plasters, EIFS Products, and Others) By Application (Residential Building, Commercial Building, and Industrial Building) Regional Forecast By 2031

Updated On: 01 April 2024

Construction Dry Mortar Market Report Overview

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The global construction dry mortar market size was USD 16460.00 million in 2022, as per our research, the market is expected to reach USD 22,408.21 million in 2031, exhibiting a CAGR of 3.5% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to construction dry mortar market growth and demand returning to pre-pandemic levels once the pandemic is over. 

A mixture of binding chemicals and aggregates, such as sand, gravel, or limestone, is used to make building dry mortar and is usually used to glue bricks, stones, or concrete blocks together. Mortar can also be employed to fill in the spaces between these components. Ordinarily, mortar and water are combined to create a simple paste to spread out and apply to surfaces. The strength and durability of the mortar will depend on how much water is in it. The mortar will harden and form a solid bond with the materials it was applied to once it has dried.

Dry mortars for building come in a wide range of varieties, each with a particular set of qualities. You must select the right sort of mortar for the job based on your project. For instance, while specific mortars are more breathable than others, some are made to be waterproof. Before beginning any career that calls for building dry mortar, it is crucial to acquire advice from a qualified individual. They will be able to advise you on the best mortar type for your project as well as how to mix and use it effectively.

COVID-19 Impact: The Plunge in Supply Chain and Lockdown Restrictions had Hampered the Market Growth

The construction dry mortar industry has been affected by the Covid-19 pandemic in several ways. Firstly, the virus outbreak in China – where a large proportion of the world’s construction dry mortar is produced – has disrupted supply chains and caused prices to rise. Secondly, the lockdown measures implemented in many countries worldwide have led to a slowdown in construction activity, reducing demand for dry construction mortar. It is unclear how long the effects of the pandemic will continue to be felt by the construction dry mortar industry. There will likely be a continued impact on supply chains and prices in the short term and a reduction in demand in the medium-to-long time as the global economy continues to recover from the pandemic.

Latest Trends

"The Eco-Friendly and High Sustainability Products have Fueled the Market Expansion."

In the dry-mortar building sector, a new trend is gaining much traction. Dry mortar that is “green” or “sustainable” is the current fashion. This style of dry mortar is produced using eco-friendly materials and procedures. Additionally, it is made to be more energy-efficient and robust. It is a more environmentally friendly choice for building projects.

Construction Dry Mortar Market Segmentation

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• By Type Analysis

According to type, the construction dry mortar market can be segmented into bricklaying/ masonry mortar, floor screed, tile adhesives/grouts, wall renders and plasters, EIFS products, and others. Among these, bricklaying/ masonry mortar is projected to experience rapid growth through 2031.

• By Application Analysis

Based on application, the market can be divided into residential buildings, commercial buildings, and industrial buildings. A residential building is expected to hold the most significant construction dry mortar market share in the upcoming years.

Driving Factors

"The High Surge in Global Construction Projects will Boost the Market Expansion"

Due to the rising demand for new building projects worldwide, the construction dry mortar sector has experienced rapid growth in recent years. The rise in disposable incomes is another factor fueling the building sector’s expansion. People can spend more on luxury products like homes and offices when their salaries rise, and a result of these higher expenditures is a rise in demand for building supplies like dry mortar.

"The Fostering of Urbanization is Driving the Market Growth"

Urbanization is one of the key factors influencing the expansion of the building sector. New construction of buildings and infrastructure is becoming more and more necessary as more people relocate to cities. Due to these potentials, the market for dry mortar used in construction can expand.

Restraining Factors

"The Lack of Skilled Labour and the High Cost of Raw Materials May Impede the Market Growth "

In recent years, the dry mortar building sector has experienced considerable expansion. However, several restraints are preventing the industry’s development. The high price of raw materials is the primary impediment. Cement, sand, and other natural materials have seen steady price increases in recent years. Due to this, construction companies have found it challenging to keep their profit margins. Lack of skilled labor is the second limiting constraint. Construction dry mortar mixologists and applicators are scarce, and many projects have experienced delays and cost overruns. The third barrier is the gradual uptake of new technology. Construction dry mortar is a relatively new technology, and many businesses continue to produce it the old-fashioned way. It lowers the industry’s overall production and efficiency. Despite these restraints, it is anticipated that the construction dry-mortar business will continue to expand at a healthy rate in the years to come.

Construction Dry Mortar Market Regional Insights

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"North America to Dominate Market Owing to the Urbanization"

Between 2022 and 2031, the swim school market will be dominated by North America. Factors driving the market growth in this region include urbanization and a high surge in the global construction industry.

Additionally, the market is anticipated to experience the fastest growth in European and Asian countries (India, China, Japan, and South East Asia). The increase in global construction projects fuels the expansion of regional markets.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Sika (Switzerland)
• Saint-Gobain Weber (France)
• Henkel (Germany)
• Mapei (Italy)
• BASF (Germany)
• Cemex (Mexico)
• Knauf (Germany)
• Ardex (Germany)
• Bostik (France)
• CBP (U.S.)
• Caparol (Poland)
• Hanil Cement (South Korea)
• Sto (Germany)
• Baumit (U.K.)
• Quick-mix (Germany)
• HB Fuller (U.S.)
• Forbo (Switzerland)
• CPI Mortars (U.K.)
• Grupo Puma (Spain)
• Tarmac (U.K.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.