According to the report titled ‘Global Mortar Market: Analysis By Type (Well Mixed, Dry), Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)’, available with Market Study Report, global mortar market is expected to showcase a significant growth through 2026.
 

Boom in construction activities with opportunities in residential and non-residential sectors, growing focus on repair & maintenance, and rise in hospitality industry are major factors propelling global mortar market growth.
 

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Based on type, the marketplace is divided into dry and well mixed, wherein, the former segment is poised to account for a sizeable revenue share over the forecast period. Wide acceptance dry mortar is credited to ease to use, flexibility for any construction domain, and logistical comfort. However, set control admixture and the procedure to mix at a central location are the factors that have worked in favor of the well mixed mortar segment.
 

In terms of application,  the industry is bifurcated into construction, home decoration, and others. As per the report, construction segment is the major contributor towards global mortar industry valuation currently, owing to inclination toward energy-efficient & innovative technologies for the betterment of society and sustainable future.
 

Apart from discussing growth catalysts and elaborating various industry segment, the business intelligence report entails a detailed account of restraints and challenges prevailing the in the market sphere. It further discusses the strategies which can be adopted by industry players to tackle unfavorable scenarios.
 

Geographically, Asia Pacific is slated to dominate the worldwide mortar market sphere over 2021-2026, with nations like China, India, and China generating massive revenues.
 

On the competitive front, companies namely, Sika AG, Compagnie de Saint-Gobain S.A., Mapei S.p.A., Henkel AG & Co. KGaA, LafargeHolcim Ltd., Pidilite Industries Limited, CEMEX S.A.B. de C.V., H.B. Fuller Company, CRH plc, and UltraTech Cement Limited in global mortar marketplace are working extensively to amplify their regional footprint and to gain competitive edge by investing in R&D activities.