Mortar market increases from US$28.92 billion in 2023 to US$38.33 billion by 2030, with a 4.1% CAGR, driven by growing demand in the downstream market.
Mortar, a binding material used in construction for centuries, remains a vital ingredient in modern structures. The global mortar market, estimated at USD 55.77 billion in 2022 , is expected to witness steady growth, fueled by a confluence of factors. From the towering skyscrapers of metropolises to the cozy homes in suburbs, mortar plays a critical role in binding together bricks, stones, and other construction elements. Over the years, mortar has evolved from a simple mixture of sand, lime, and water to a sophisticated material with a wide range of properties to meet the demands of modern construction. The global mortar market encompasses various types of mortar, each with its own specific function and application. Dry mix mortar (DMM), a pre-blended and bagged product requiring only the addition of water at the construction site, has emerged as the dominant segment due to its convenience, consistency, and reduced waste compared to traditional site-mixed mortar. Rising urbanization and the growing adoption of prefabricated construction methods, which favor standardized and controlled material usage, are propelling DMM's popularity.
According to our publisher’s latest study, the global Mortar market size was valued at US$ 28920 million in 2023. With growing demand in downstream market, the Mortar is forecast to a readjusted size of US$ 38330 million by 2030 with a CAGR of 4.1% during review period.
The research report highlights the growth potential of the global Mortar market. Mortar are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Mortar. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Mortar market.
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Mortar is a workable paste used to bind building blocks such as stones, bricks, and concrete masonry units together, fill and seal the irregular gaps between them, and sometimes add decorative colors or patterns in masonry walls. In its broadest sense mortar includes Wet Mixed Mortar and Dry Mortar.
Global Mortar main players are Saint-Gobain Weber, Materis, Sika, Henkel, Mapei, etc. Global top five manufacturers hold a share about 25%. Asia-Pacific is the largest market, with a share nearly 45%.
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Manmayi Raval
Research Consultant
The report on Mortar market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Mortar market. It may include historical data, market segmentation by Type (e.g., Wet Mixed Mortar, Dry Mortar), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Mortar market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Global Mortar Market Dynamics: Building a Strong Foundation
The global mortar market serves as the invisible backbone of construction projects, and it's experiencing steady growth. Here's a glimpse into the key forces shaping its landscape:
Market Drivers:
• Booming Construction Industry: Rising investments in residential and commercial construction projects across the globe are driving demand for various mortar types, from masonry to tile adhesives.
• Urbanization and Infrastructure Development: Rapid urbanization, particularly in developing economies, necessitates the construction of new buildings and infrastructure projects, further fueling the mortar market.
Market Challengers:
• Fluctuating Raw Material Prices: The cost of key ingredients like cement and sand can be volatile, impacting mortar production costs and squeezing profit margins for manufacturers.
• Skilled Labor Shortage: The construction industry faces a shortage of skilled labor, which can lead to delays in construction projects and potentially impact demand for mortar.
Market Trends:
• Green Mortars: A growing focus on sustainability is leading to the development of eco-friendly mortars with lower carbon footprints and recycled content.
• Digitalization: The construction industry is embracing digitalization, and mortar manufacturers are exploring ways to integrate technology into their operations for improved efficiency and quality control.
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Competitive Landscape: The research report provides analysis of the competitive landscape within the Mortar market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Mortar industry. This include advancements in Mortar technology, Mortar new entrants, Mortar new investment, and other innovations that are shaping the future of Mortar.
• Polymer-Modified Mortars: These mortars incorporate polymers for enhanced flexibility, superior bonding strength, and water resistance, making them ideal for demanding applications.
• Eco-Friendly Formulations: Mortar companies are developing formulations with recycled materials and lower carbon footprints to cater to sustainable construction practices.
• Nanotechnology Applications: Nanoparticles can be added to mortars to improve strength, water repellency, and self-cleaning properties.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Mortar market. It includes factors influencing customer ' purchasing decisions, preferences for Mortar product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Mortar market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Mortar market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Mortar market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Mortar industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
• Infrastructure Boom: Investments in global infrastructure development, including roads, bridges, and buildings, will remain a key driver for mortar consumption.
• Urbanization and Construction Activity: Rapid urbanization and a rising demand for new housing and commercial spaces, particularly in developing economies, will fuel mortar demand.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Mortar market.
• Specialty Mortars: High-performance mortars with properties like waterproofing, fire resistance, and self-leveling offer solutions for specific construction needs, expanding the market reach.
• Emerging Economies: As economies develop and living standards rise, the demand for mortar in these regions is expected to surge, creating new market opportunities.
Market Segmentation:
Mortar market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Wet Mixed Mortar
Dry Mortar
Segmentation by application
Construction
Home Decoration
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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)
CPI Mortars (UK)
Grupo Puma (ES)
Tarmac(UK)
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Mortar Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Mortar by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Mortar by Country/Region, 2019, 2023 & 2030
2.2 Mortar Segment by Type
2.2.1 Wet Mixed Mortar
2.2.2 Dry Mortar
2.3 Mortar Sales by Type
2.3.1 Global Mortar Sales Market Share by Type (2019-2024)
2.3.2 Global Mortar Revenue and Market Share by Type (2019-2024)
2.3.3 Global Mortar Sale Price by Type (2019-2024)
2.4 Mortar Segment by Application
2.4.1 Construction
2.4.2 Home Decoration
2.4.3 Others
2.5 Mortar Sales by Application
2.5.1 Global Mortar Sale Market Share by Application (2019-2024)
2.5.2 Global Mortar Revenue and Market Share by Application (2019-2024)
2.5.3 Global Mortar Sale Price by Application (2019-2024)
3 Global Mortar by Company
3.1 Global Mortar Breakdown Data by Company
3.1.1 Global Mortar Annual Sales by Company (2019-2024)
3.1.2 Global Mortar Sales Market Share by Company (2019-2024)
3.2 Global Mortar Annual Revenue by Company (2019-2024)
3.2.1 Global Mortar Revenue by Company (2019-2024)
3.2.2 Global Mortar Revenue Market Share by Company (2019-2024)
3.3 Global Mortar Sale Price by Company
3.4 Key Manufacturers Mortar Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Mortar Product Location Distribution
3.4.2 Players Mortar Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Mortar by Geographic Region
4.1 World Historic Mortar Market Size by Geographic Region (2019-2024)
4.1.1 Global Mortar Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Mortar Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Mortar Market Size by Country/Region (2019-2024)
4.2.1 Global Mortar Annual Sales by Country/Region (2019-2024)
4.2.2 Global Mortar Annual Revenue by Country/Region (2019-2024)
4.3 Americas Mortar Sales Growth
4.4 APAC Mortar Sales Growth
4.5 Europe Mortar Sales Growth
4.6 Middle East & Africa Mortar Sales Growth
5 Americas
5.1 Americas Mortar Sales by Country
5.1.1 Americas Mortar Sales by Country (2019-2024)
5.1.2 Americas Mortar Revenue by Country (2019-2024)
5.2 Americas Mortar Sales by Type
5.3 Americas Mortar Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Mortar Sales by Region
6.1.1 APAC Mortar Sales by Region (2019-2024)
6.1.2 APAC Mortar Revenue by Region (2019-2024)
6.2 APAC Mortar Sales by Type
6.3 APAC Mortar Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Mortar by Country
7.1.1 Europe Mortar Sales by Country (2019-2024)
7.1.2 Europe Mortar Revenue by Country (2019-2024)
7.2 Europe Mortar Sales by Type
7.3 Europe Mortar Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Mortar by Country
8.1.1 Middle East & Africa Mortar Sales by Country (2019-2024)
8.1.2 Middle East & Africa Mortar Revenue by Country (2019-2024)
8.2 Middle East & Africa Mortar Sales by Type
8.3 Middle East & Africa Mortar Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Mortar
10.3 Manufacturing Process Analysis of Mortar
10.4 Industry Chain Structure of Mortar
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Mortar Distributors
11.3 Mortar Customer
12 World Forecast Review for Mortar by Geographic Region
12.1 Global Mortar Market Size Forecast by Region
12.1.1 Global Mortar Forecast by Region (2025-2030)
12.1.2 Global Mortar Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Mortar Forecast by Type
12.7 Global Mortar Forecast by Application
13 Key Players Analysis
13.1 Saint-Gobain Weber (FR)
13.1.1 Saint-Gobain Weber (FR) Company Information
13.1.2 Saint-Gobain Weber (FR) Mortar Product Portfolios and Specifications
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