Los Angeles, CA -- (SBWire) -- 05/03/2019 --Dry mortar is dry powder or granular material made by mixing dried screening process of fine aggregate, cementitious materials, additives, fillers, etc. Most of the dry mortar products contain both mineral cementitious binder (e.g. OPC) and polymer binder (e.g. re-dispersible powder) and they are normally packed in bags after mixing in the factory. Dry mortars offer three main advantages: firstly, they reduce quality problems caused by improper mixing conditions on small job-sites; secondly, they allow building much faster with ready-to-use, high performance products; thirdly, the save on labor costs.
In recent years, with the continuous improvement of the national environmental protection requirements, it has become an urgent task of the local building authorities to promote the use of dry mortar. One key factor that has been driving the demand is the ability of these products to save labor costs. With the use of specialized application equipment, substantial improvement in workmen efficiency and Production has been reported due to the use of these products. From the historical experience of developed countries in Europe and America, the dry mortar is mainstream and trend of ready-mixed mortar market. In Europe, dry mortar occupies more than 90% of all the mortar products.
Currently, the global dry mortar market is gradually shifting to Asia, especially China market is a top priority. Demand for building mortar should be 350-600 million tons and the production of dry mortar is only 6% of the demand. It still has room for dry mortar products to substitute the other construction mortar products. But the most challenge for China dry mortar market is the high production capacity and low utilization. With the investment growth of real estate slow down, the growth of dry mortar will keep a decreasing trend in future.
Dry mortar is a low concentration ratio industry. There are thousands of manufacturers in this industry. The production market share of Weber is about 4.26% in 2017, which is the No.1 of the global Dry mortar industry. The other competitors include, PAREX (FR), Sika (CH), Henkel (FR), Mapei (IT), Sto (DE), Ardex (DE), BASF (DE), Yuchuan Group (CN), BBMG Mortar (CN), Sichuan Gaoyu Building (CN), Guangzhou Ying Jian (CN), etc. The competition status wouldn't be change in the short term. The growth of dry mortar industry depends on the growth of real estate market.
The global Dry Mortar market was 28100 million US$ in 2018 and is expected to 36700 million US$ by the end of 2025, growing at a CAGR of 3.4% between 2019 and 2025. This report studies the Dry Mortar market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Dry Mortar in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Saint-Gobain Weber (FR)
Materis (FR)
Sika (CH)
Henkel (FR)
Mapei (IT)
Sto (DE)
Ardex (DE)
BASF (DE)
Baumit (AT)
Bostik (FR)
Knauf (DE)
CBP (US)
By the product type, the market is primarily split into
Bricklaying/ Masonry mortar
Floor Screeds
Tile Adhesives/Grouts
Wall Renders and Plasters
By the end users/application, this report covers the following segments
Construction Industry
Home Decoration Industry
Others
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Dry Mortar Market Is Expected to Reach 36700 Million USD by the End of 2025
Dry Mortar Market status and forecast, categorizes the global market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.