As per the 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 MarketStudyReport, global dry mix mortar market is anticipated to register an appreciable growth rate throughout 2021-2027.
 

As per the report findings, proliferating construction activities in emerging as well as developed economies are primarily driving global dry mix mortar market growth.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/3793244/

For the uninitiated, dry mix mortar is formed up of cement, sand, mineral, and functional additives. Reduced shrinkage, consistent quality, good workability, and high flexibility are key characteristics favoring product adoption in construction activities.

Based on the application scope, the plaster segment is anticipated to record a CAGR of 5.1% over the forecast timeframe. Strong product demand is mainly fueled by advantageous properties like water repellence and insulation. Moreover, dry-mixed plaster mortar (DMPM) is more environment-friendly than conventional plaster mortars as lowers waste generation and air pollution in construction sites, further encouraging product adoption.

The grout sub-segment captured around 2.5% of global dry mix mortar industry share in 2020 and is touted to experience substantial growth in the forthcoming years. Widening application scope and benefits like better ground structure associated with the use of grout will promote segmental expansion through 2027.

Considering end-user, the residential sub-segment is estimated to record 5.4% CAGR over the assessment timeframe, creditable to escalating demand for residential sites in developed economies. Meanwhile, the non-residential sub-segment is anticipated to progress at a moderate rate owing to the increasing use of dry mix mortar in commercial complexes.

Moving to the regional landscape, Europe market accounted for approximately 18% of the industry share in 2020. Rising government emphasis on energy-efficient modern building constructions are slated to amplify the regional industry revenue over the forecast period.

Meanwhile, the Latin America market, accounting for over 5% of the industry share in 2020, is estimated to register 4.9% CAGR through 2027. Inflowing investment towards the infrastructure development activities is stimulating the regional market growth.

Speaking of the competitive landscape, Cemex S.A.B. de C.V., The Holcim Group, Saint-Gobain Weber Co., Ltd., DowDuPont, The Ramco Cements Ltd., Ardex Group, Mapei SpA, and Sika AG are among the major players influencing global dry mix mortar market trends.