October 03, 2023 10:22 ET | Source: Zion Market Research Zion Market Research
NEW YORK, USA, Oct. 03, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Dry Mortar Market By Industry (Non-Residential And Residential), By Application (Tile Adhesives, Waterproofing, Plaster, Grout, Render, And Others), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database. Tile Adhesive Blender
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“According to the latest research study, the global dry mortar market size was valued at around USD 38.05 billion in 2022. The market is expected to grow at a CAGR of 5.65% and is anticipated to reach a value of USD 59.06 billion by 2030.”
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Dry mortar is a combining substance with numerous construction and building industry applications. It is used to join masonry in the construction of walls. Dry mortar is comprised of multiple components that work in concert to create a strong bond between blocks, thereby ensuring the construction of a durable structure. Since the quality of the product has become a liability for dry mortar manufacturers, demand for dry mortar has increased dramatically over the past decade.
The material imparting rigidity is composed of cement, sand, hydrated lime, and limestone granules. However, additional components can be added to the dry mortar compound depending on the intended application. Dry mortar is applicable not only to masonry, but also to concrete blocks and tiles, which is one of the material's primary advantages. Among the extended applications of the material are plaster repair, exterior and interior stucco, infill, tile adhesive, and stucco repair. When dry mortar is mixed with water, it must be used within a brief period of time or it will be wasted.
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Key Insights from Primary Research
Dry Mortar Market: Growth Drivers
The global dry mortar market is anticipated to expand due to the rising number of infrastructure development initiatives. Regional leaders are investing more in projects that not only provide improved living facilities for the general populace but also serve as a lucrative segment to attract foreign investments due to rising population and demand from the commercial world. These initiatives include, among other facilities, road and rail construction lines, new airports, production facilities, and commercial centers.
In the absence of precautionary measures, dry mortar is not a health hazard; however, the dust that emerges from dried mortar can cause health problems. This factor is anticipated to restrain the growth of the global dry mortar market. Dust inhalation can cause mild to severe breathing difficulties and respiratory tract injury. Therefore, individuals operating with dry mortar should be equipped with masks and other tools that prevent inhalation of dry mortar dust. In addition to this, protracted exposure to the contents of dry mortar has been linked to cases of skin and eye irritation.
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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.
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.
Asia-Pacific currently dominates the global dry mortar market, with China and India being the largest contributors. The region is home to a vast network of suppliers of construction materials, particularly cement and dry mortar. China and India have the requisite manpower and large-scale production facilities to meet the rising demand for dry mortar. In addition to being essential suppliers to international clients, Asian nations have a high domestic demand for dry mortar because infrastructure development rates are increasing rapidly.
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The report contains qualitative and quantitative research on the global Dry Mortar market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global Dry Mortar market include;
The global dry mortar market is segmented as follows:
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