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Global Dry Mortar Market to Reach Over US$ 30 Bn by 2025 End

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 Published Date : 31 Oct 19   |   Views: 17   |  Industry : Chemical & Material

Global Dry Mortar Market to Reach Over US$ 30 Bn by 2025 End

The global Dry Mortar market is expected to benefit from growing trend of green construction. Moreover, there is an increased need to improve workmen efficiency and productivity, which can be met with the usage of Dry Mortar while construction. Dry Mortar reduces quality problems caused due to inappropriate mixing conditions on small job-sites and helps in saving labor costs. Authorities are promoting the usage of Dry Mortar on account of its energy saving and reduced emission features. QYR Consulting has lately published a new report titled, “Global Dry Mortar Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Dry Mortar market was above US$ 25 Bn in 2018 and is anticipated to reach more than US$ 30 Bn by the end of 2025. The global Dry Mortar market is anticipated to register a sluggish CAGR of 3.4% during the forecast period of 6 years, i.e. between 2019 and 2025.

Segmental Analysis

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.

Global Dry Mortar Market to Reach Over US$ 30 Bn by 2025 End

Asia Pacific

Global Dry Mortar Market to Reach Over US$ 30 Bn by 2025 End

Regional Analysis


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


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.


Global Dry Mortar Market to Reach Over US$ 30 Bn by 2025 End

Global CAGR During 2019-2025


3.4%

Market Dynamics


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



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