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Dry Mortar Market Size, Industry Share, Future Insights
Home / Report Store / Manufacturing and Industrial Automation / Dry Mortar Market Research Report 2024

Dry Mortar Market Research Report 2024

Dry Mortar Market Global Industry Analysis and Forecast (2024-2032) by Industry (Commercial, Industrial and Institutional, Infrastructure, Residential), Application (Concrete Protection and Renovation, Grouts, Insulation, Finishing Systems, Plaster, Render, Tile Adhesive, Water Proofing Slurries), and Region

Published date: Mar 2025 Report ID: 287 Number of Pages: 250
Format:

Dry Mortar Market Synopsis

Dry Mortar Market Size Was Valued at USD 40.20 Billion in 2023, and is Projected to Reach USD 66.43 Billion by 2032, Growing at a CAGR of 5.74% From 2024-2032.

Dry mortar refers to a pre-mixed blend of cement, sand, and other additives that manufacturers package in dry form. Users mix it with water at the construction site to create a durable and cohesive building material, which simplifies and speeds up the construction process while ensuring consistent quality. Dry mortar finds applications in various construction activities, including bricklaying, plastering, rendering, and tile fixing. Builders use it for both interior and exterior projects due to its versatility and ease of use. The pre-mixed nature of dry mortar ensures consistent quality, reducing the risk of errors and improving the overall strength and durability of the structures.

The advantages of dry mortar include its convenience, efficiency, and cost-effectiveness. By requiring only, the addition of water, dry mortar saves time and labor costs on the construction site. Its precise formulation results in superior bonding and finish, reducing maintenance and repair needs over time. Additionally, dry mortar's shelf life allows for better inventory management and less waste, contributing to sustainable building practices. The future demand for dry mortar is set to grow due to the increasing emphasis on quality construction and the need for faster project completion. The rising trend of urbanization and infrastructure development in emerging economies will further boost its market. As the construction industry continues to adopt advanced materials and technologies, dry mortar will play a significant role in meeting these evolving demands, ensuring robust and long-lasting buildings.

Top Key Players

Sto Corp (USA), Cemex (USA), HB Fuller (USA), Dryvit Systems (USA), Custom Building Products (USA), Saint-Gobain Weber (France), Bostik (France), Henkel (Germany), Ardex (Germany), Knauf (Germany), Caparol (Germany), BASF SE (Germany), Mapei (Italy), Baumit (Austria), Grupo Puma (Spain), Forbo (Switzerland), Sika AG (Switzerland), Hanil Cement (Korea), BBMG Mortar (China), Oriental Yuhong Source (China), and Other Major Players

Dry Mortar Market Segment Analysis:

Dry Mortar Market Segmented on the basis of Industry, and Application.

By Industry, Non-residential segment is expected to dominate the market during the forecast period

  • The non-residential segment is set to lead the growth of the dry mortar market. This sector encompasses commercial, institutional, and industrial construction projects, which increasingly rely on dry mortar for its efficiency and performance benefits. Dry mortar, composed of cement, sand, and additives tailored for specific construction needs, is favored in non-residential applications for its ability to streamline building processes and enhance structural durability. As urbanization drives demand for new commercial spaces and infrastructure, the non-residential segment emerges as a key driver in the expansion of the dry-mortar market.
  • In urban centers experiencing rapid development across Asia and the Middle East, non-residential construction projects such as office buildings, educational institutions, and healthcare facilities are adopting dry-mortar solutions to meet stringent quality standards and project timelines. This trend underscores the versatility of dry mortar in addressing diverse construction requirements while maintaining cost-efficiency and sustainability. As the global construction landscape evolves, the non-residential segment's preference for dry mortar is expected to sustain its dominance, bolstered by ongoing urbanization and infrastructure development initiatives worldwide.

By Application, Dry Mortar segment held the largest share in 2023

  • The plaster segment has emerged as the largest contributor to the growth of the dry mortar market. Plaster, a vital component of dry mortar formulations comprising cement, sand, and additives, is extensively utilized in construction for its versatility and durability. It plays a crucial role in finishing interior walls and ceilings, offering smooth surfaces that enhance aesthetics and provide functional benefits such as sound insulation and fire resistance. The dominance of the plaster segment is driven by increasing construction activities worldwide, particularly in residential and commercial sectors where demand for high-quality finishing materials remains robust.
  • In North America and Europe, where renovation and remodeling projects are prevalent alongside new constructions, the plaster segment continues to expand. This growth is fueled by advancements in dry mortar technology that cater to specific plastering needs, such as rapid setting times and improved workability. Additionally, the preference for sustainable building materials further boosts the adoption of dry mortar plaster solutions, aligning with environmental standards and consumer expectations for greener construction practices. As construction practices evolve, the plaster segment is poised to maintain its leading position in driving the growth trajectory of the global dry mortar market.

Dry Mortar Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast period

  • Asia Pacific is anticipated to emerge as the dominant region for the growth of the dry mortar market. The region's construction industry is witnessing rapid expansion fueled by urbanization, infrastructure development, and increasing investments in residential, commercial, and industrial sectors. Dry mortar, composed of cement, sand, and additives tailored for construction applications, is gaining traction in Asia Pacific due to its efficiency in meeting diverse building needs. Countries like China, India, and Southeast Asian nations are particularly pivotal in driving market growth, supported by government initiatives to enhance urban infrastructure and accommodate population growth.
  • In China, ongoing urbanization and infrastructure projects necessitate efficient construction materials like dry mortar, which offer advantages such as reduced construction time and enhanced structural integrity. Moreover, the shift towards sustainable building practices further propels the adoption of dry mortar solutions across the region, aligning with environmental regulations and consumer preferences for eco-friendly construction materials. As Asia Pacific continues to lead global economic growth, its dominance in the dry mortar market is expected to strengthen, driven by robust construction activities and increasing demand for innovative building solutions that optimize performance and sustainability.

Key Industry Developments in the Dry Mortar Market:

  • In February 2023, Sika successfully closed its acquisition of MBCC Group, generating CHF 2.1 billion in net sales in 2022. The acquisition is expected to generate annual synergies of CHF 160-180 million by 2026. The combined innovation power of Sika and MBCC will accelerate the sustainable transformation of the entire construction industry. Sika is set to reach sales of over CHF 12 billion in 2023. The acquisition strengthens Sika's footprint across all regions and drives the sustainable transformation of the construction industry.
  • In July 2023, Sika agreed to acquire a leading manufacturer of tile setting materials operating under the umbrella brand Chema in Peru. The acquisition strengthens Sika’s position in the fast-growing mortar market and provides major cross-selling opportunities through increased presence in the distribution channel. In addition, it significantly extends Sika’s manufacturing footprint.

Dry Mortar Market 

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 40.20 Bn.

Forecast Period 2024-32 CAGR:

5.74%

Market Size in 2032:

USD 66.43 Bn.

Segments Covered:

By Industry

  • Commercial
  • Industrial and Institutional
  • Infrastructure
  • Residential

By Application

  • Concrete Protection and Renovation
  • Grouts
  • Insulation
  • Finishing Systems
  • Plaster
  • Render
  • Tile Adhesive
  • Water Proofing Slurries

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Rapid Urban Development Requires Efficient and Reliable Construction Materials

Key Market Restraints:

  • Transportation and Logistics Costs Associated with Raw Materials

Key Opportunities:

  • Increasing Focus on Eco-Friendly Construction

Companies Covered in the report:

  • Sto Corp (USA), Cemex (USA), Saint-Gobain Weber (France), Forbo (Switzerland), and Other Major Players.

Chapter 1: Introduction

 1.1 Scope and Coverage



Chapter 2:Executive Summary



Chapter 3: Market Landscape

 3.1 Market Dynamics

  3.1.1 Drivers

  3.1.2 Restraints

  3.1.3 Opportunities

  3.1.4 Challenges

 3.2 Market Trend Analysis

 3.3 PESTLE Analysis

 3.4 Porter's Five Forces Analysis

 3.5 Industry Value Chain Analysis

 3.6 Ecosystem

 3.7 Regulatory Landscape

 3.8 Price Trend Analysis

 3.9 Patent Analysis

 3.10 Technology Evolution

 3.11 Investment Pockets

 3.12 Import-Export Analysis



Chapter 4: Dry Mortar Market by By Industry

 4.1 Dry Mortar Market Snapshot and Growth Engine

 4.2 Dry Mortar Market Overview

 4.3 Commercial

  4.3.1 Introduction and Market Overview

  4.3.2 Historic and Forecasted Market Size in Value USD

Frequently Asked Questions

What would be the forecast period in the Dry Mortar Market research report?

The forecast period in the Dry Mortar Market research report is 2024-2032.

Who are the key players in the Dry Mortar Market?

Sto Corp (USA), Cemex (USA), HB Fuller (USA), Dryvit Systems (USA), Custom Building Products (USA), Saint-Gobain Weber (France), Bostik (France), Henkel (Germany), Ardex (Germany), Knauf (Germany), Caparol (Germany), BASF SE (Germany), Mapei (Italy), Baumit (Austria), Grupo Puma (Spain), Forbo (Switzerland), Sika AG (Switzerland), Hanil Cement (Korea), BBMG Mortar (China), Oriental Yuhong Source (China), and Other Major Players

What are the segments of the Dry Mortar Market?

The Dry Mortar Market is segmented into Industry, Application, and Region. By Type, the market is categorized into Commercial, Industrial and Institutional, Infrastructure, and Residential. By Application, the market is categorized into Concrete Protection and Renovation, Grouts, Insulation, Finishing Systems, Plaster, Render, Tile Adhesive, and Water Proofing Slurries. By Region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Dry Mortar Market?

Dry mortar refers to a pre-mixed blend of cement, sand, and other additives that manufacturers package in dry form. Users mix it with water at the construction site to create a durable and cohesive building material, which simplifies and speeds up the construction process while ensuring consistent quality.

How big is the Dry Mortar Market?

Dry Mortar Market Size Was Valued at USD 40.20 Billion in 2023, and is Projected to Reach USD 66.43 Billion by 2032, Growing at a CAGR of 5.74% From 2024-2032.

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Report ID: 287

Published Date: 2025-03-18

Number of Pages: 250

Speak To Analyst

Akshay Patil