According to a research report titled ‘Dry Mix Mortar Market Size By Application (Plaster, Render, Grout, Waterproofing, Tile Adhesives) By End-user (Residential, Non-Residential), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global dry mix mortar market is poised to showcase an appreciable growth trend over 2021-2027.
 

As per the report findings, accelerated construction activities across emerging and developed economies is a primary factor driving worldwide dry mix mortar market growth. Furthermore, advantages of dry mix mortar such as good workability, reduced shrinkage, consistent quality, and exceptional flexibility will fuel industry expansion in the upcoming years.
 

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For the record, dry mix mortar consists of mineral, cement, sand, and functional additives, and is one of the most versatile materials used in modern construction.
 

Based on application categorization of dry mix mortar market, plaster segment is touted to register a CAGR of 5.1% over the assessment period, triggered by its advantages such as water repellence, and ability to provide optimum insulation. Moreover, dry mixed plaster mortar is more environment friendly as compared to traditional plaster mortar as it curbs air pollution, generates less waste, leads to lesser carbon emissions, and reduces cement redundancy.
 

Moving on to end-user spectrum, the residential segment share is estimated to witness 5.4% CAGR through 2027, bolstered by augmenting residential construction activities in developed nations. Meanwhile, non-residential segment is slated to grow at a steady rate during the analysis timeframe, due to surging use of dry mix mortar in commercial complexes.
 

From a regional frame of reference, Europe captured nearly 18% industry share in 2020 and is projected to grow substantially over the next 7 years. This growth can be credited to increasing government focus on developing modern buildings with higher energy efficiency.
 

Meanwhile, Latin America accounted for approximately 5% market share in 2020 and is slated to register a CAGR of 4.9% over the study duration, on the back of surging investments in the infrastructure sector across the region.
 

Key players profiled in worldwide dry mix mortar market report are UltraTech Cement Ltd., Wuensch Plaster Factory, Saudi Readymix Concrete Co., Colmef Monneli, Wacker Chemie AG, Cemex S.A.B. de C.V, Holcim Group, Saint-Gobain Weber Ltd., DuPont de Nemours Inc., The Ramco Cements Ltd., Readymix Construction Machinery Pvt Ltd. (RCMPL), Ardex GmbH, Mapei S.p.A., Sika AG, and ParexGroup SA.