Global Dry Mortar Market: Market Driver and Restraint
Dry mortar products contain both, mineral cementitious binder and a polymer binder. It finds a wide scope of application in masonry mortars, screeds, renders, tile adhesives, and waterproofing slurries, among others in various construction activities.
Global Dry Mortar Market: Forecast by Nature
Asia is expected to lead the construction industry with powerhouses, likes China, India, and Japan in the coming years. Construction activities in South East Asian countries, like the Philippines, Malaysia, and Indonesia are expected to alleviate the industry further. The U.S construction industry is forecasted to post solid growths during the forecasted period supported by the booming residential sector. The growth in the construction industry will majorly boost the dry mix mortar market in the forecast period.
Global Dry Mortar Market: Forecast by Application
Residential sector is one of the major segments of the construction industry. China is the major country contributing to the construction industry. The residential construction in the United States is rising sharply favored by the bright economic conditions. The U.S. Dry Mortar industry is expected to grow from 58,984 Kilo MT, in 2017 to a massive 81,351 Kilo MT, by the year 2021. The overall residential sector is expected to grow in the forecasted period due to increasing growing GDP growth, consumer spending, and rising population in developing countries.
Global Dry Mortar Market: Forecast by Region
In 2017, Asia-Pacific registered the largest regional market for dry mix mortar. Factors, such as, growing construction activities and preference to cost-effective construction techniques, are favoring the market growth. Large-scale investments in infrastructural and construction activities, in emerging economies of Asia-Pacific region, are expected to drive the market during the forecast period.
Global Dry Mortar Market: Key Players
Saint-Gobain Weber(FR), Materis(FR), Sika(CH), Henkel(FR), Mapei(IT), Sto(DE), Ardex(DE), BASF(DE), Baumit(AT), Bostik(FR), Knauf(DE), CBP(US), Caparol(DE), Cemex(US), HB Fuller(US), Quick-mix(DE), Dryvit Systems(US), Hanil Cement(KR), AdePlast(IT), Forbo(CH), are the key vendors included in this report.
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