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 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 output 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 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 Mortar is only 6% of the demand. But the most challenge for China Mortar market is the high production capacity and low utilization. With the investment growth of real estate slow down, the growth of Mortar will keep a decreasing trend in future.
Market Analysis and Insights: Global Mortar Market
The global Mortar market was valued at US$ 30090 million in 2019 and it is expected to reach US$ 37870 million by the end of 2026, growing at a CAGR of 3.3% during 2021-2026.
Global Mortar Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Mortar Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Wet Mixed Mortar
Segment by Application
Saint-Gobain Weber (FR)
HB Fuller (US)
Dryvit Systems (US)
Hanil Cement (KR)
CPI Mortars (UK)
Grupo Puma (ES)
Production by Region
Consumption by Region
Middle East & Africa
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region