According to a recent study 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 was valued USD 22274.70 million in 2020 is anticipated to register a healthy growth rate through 2026.
 

As per the findings of report, global mortar market is largely driven by proliferating number of construction activities in residential and non-residential sectors, increasing repair & maintenance activities of building exteriors, and rise of hospitality industry.
 

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Based on type, global mortar market is fragmented into dry and well-mixed, of which, the former segment is expected to grab major portion of the industry share in the upcoming years, fueled by demand in residential and non-residential industries. This product demand can be attributed to benefits such as easy usability, portability of materials, mobility, and flexibility to utilize it anywhere in construction. Whereas, well-mixed mortar is likely to witness a sustained demand in the coming years. It is preferred as it is a mortar that contains a set-control admixture and is mixed at a central location.
 

Considering application scope, the industry is split into home decoration, construction, and others. Among these, construction segment is touted to garner notable returns during the analysis period, creditable to introduction of new technologies and energy-efficient solutions for sustainable development.
 

From a geographical perspective, top contributors to the overall mortar market value are Americas (United States, Canada, Brazil, Mexico), Europe (Germany, Italy, France), and Asia Pacific (China, India, Japan). Asia-Pacific regions currently holds majority of the industry share and will showcase a strong growth curve in the upcoming years. Surging utilization of mortar, especially in China, is a major growth driver for the industry in this region.
 

Elaborating on the competitive arena, HB Fuller Co., Pidilite Industries Ltd., UltraTech Cement Ltd., CRH plc, LafargeHolcim Ltd., Cemex, Mapei S.p.A., Henkel AG & Co. KGaA, Sika AG, and Compagnie de Saint-Gobain S.A. are the top competitors in global mortar industry sphere.