Dry Mix Mortar Market is estimated to be US$ 67.7 billion by 2022 with a CAGR of 6.0% over the forecast period (2022-2032).

                      

Dry Mix Mortar Market accounted for US$ 35.2 billion in 2022 and is estimated to be US$  67.7 billion by 2032 and is anticipated to register a CAGR of  6.0%. Fast growth in population, globally, is expected to lead growth demand for the residential and other construction amenities, which, result boosts the usage of dry mix mortar. Additionally, the growth in the construction sector globally is a major factor driving the growth for the target market.

The report "Dry Mix Mortar Market By End-user Industry (Residential and Non-residential (Commercial, Infrastructure, Industrial, and others)), By Application (Plaster, Render, Tile Adhesive, Grouts, Water Proofing Slurries, Concrete, Protection and Renovation, Insulation and Finishing Systems and Others), and Region - Global Forecast to 2032"

Key Highlights:

  • In January 2018 The Construction Chemicals division of BASF reveals MasterEmaco

T 1060DR and MasterEmaco T 1061DR Low dust repair mortars.

  • In, 2015 Henkel expands adhesives production plant in Russia at Novosibirsk region. With this new production site, Henkel is moving closer to the growing number of customers in the Siberian and Far East regions of Russia.

Key Market Insights from the report:        

Dry Mix Mortar Market accounted for US$ 35.2 billion in 2022 and is estimated to be US$  67.7 billion by 2032 and is anticipated to register a CAGR of  6.0% . The market report has been segmented on the basis, By End-user Industry, application, and by a region.

  • By End-user industry global Dry Mix Mortar market is classified in to residential and non-residential (commercial, infrastructure, industrial, and others).

  • By Application global Dry Mix Mortar market is classified into plaster, render, tile adhesive, grouts, waterproofing slurries, concrete, protection and renovation, insulation and finishing systems and others.

  • By Region, Asia Pacific is expected to dominate the target market. Owing to growing developments in the field of construction and preference for cost-effective construction techniques, are favouring the market growth in countries such as China and India. For instance, according to ibef.org, India is likely to become the 3rd major construction market in the world by 2025.

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https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3971

The key players operating the global Dry Mix Mortar market 3M, Ardex Group, BASF SE, Cemex SAB de CV, Colmef Monelli, Conmix Ltd, Dow, Grand Aces Ventures Inc., Henkel AG & Co. KGaA and Knauf Gips KG. The key players in the market are focusing on business expansion and partnership.

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