Published Date : 31 Oct 19 | Views: 149 | Industry : Chemical & Material
Construction industry to lead the market in future
The Dry Mortar market has been bifurcated on the basis of application as construction industry, home decoration, industry, and others. Extensive usage of Dry Mortar lies in the construction industry. Dry Mortar is also likely to find widespread application in decorative finishes in the years to come. Based on the product, the global Dry Mortar market has been segregated as wall renders and plasters (interior and exterior), thick floor screeds and thin floor screeds (SLU), bricklaying/ masonry mortar, floor screeds, EIFS Products (major EPS and XPS), tile adhesives/ grouts, and others. The report provides detailed analysis of the product segments.
Asia Pacific to witness lucrative growth in the coming years
Increasing constriction activities, availability of raw materials, and low labor cost are driving the market for Dry Mortar in Asia Pacific. China is the key contributor to the regional market owing to huge consumption of Dry Mortar, which is attributed to rapid infrastructure as well as residential growth. Surging residential construction spending in the US may positively influence the market growth in North America.
Key players having a strong foothold on the Dry Mortar market
Saint, Materis (FR), Gobain Weber (FR), Henkel (FR), Sika (CH), Mapei (IT), Ardex (DE), BASF (DE), Hanil Cement (KR), Baumit (AT), Knauf (DE), Bostik (FR), CBP (US), Caparol (DE), HB Fuller (US), Quick, Cemex (US), mix (DE), Dryvit Systems (US), Forbo (CH), Sto (DE), CPI Mortars (UK), AdePlast (IT), and Grupo Puma (ES) are some of the key manufactures operating in the Dry Mortar market.
Decline in the real estate investment to hamper the market growth
Low investment in the real estate sector may influence the Dry Mortar market growth in the forthcoming years. Presence of other construction mortar products may act as a major restraint to the Dry Mortar market growth. Moreover, high prices of dry mix mortars in comparison with conventional mortars and low awareness in developing economies might curb the growth of Dry Mortar market in the years to come.
For more information, check- https://www.qyrconsulting.com/reports/dry-mortar-market