North America Dry Mix Mortar Market 2022
North America Dry Mix Mortar Market Segmented By Binders, Fillers, Chemical Additives, Pigments Raw Material for Plaster, Thin Joint Mortar, Floor Scurred, Stuccos, Cement Grout, Tile Adhesives, Water Proofing Slurry, Crack Fillers Application
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The dry mix mortar market in North America is anticipated to grow at a rate of roughly 4.7% during the following 10 years. The market is expected to increase as a result of the expanding building sector, expanding urbanisation, and rising personal living standards.
One of the most important and fundamental materials used in the infrastructure and building sectors is dry mix mortar. Over the next few years, it is anticipated that the need for dry mix mortar would increase due to the expanding construction industry, real estate market, and infrastructural improvements. These ready-to-use building materials are becoming more and more necessary and in demand for diverse construction and infrastructure projects.
Company Profiles-
- 3M
- Laticrete International Inc.
- Dow Inc
- Redox
- Normet
- Minerals Tech Inc.
- Flexicon Corp
- Wacker
- Ardex Group
- BASF SE
- Henkel AG & Co. KGaA
- Knauf Gips KG
- Nordkalk and more
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Key Market developments:
- In 2019, in South Korea, a new WACKER production plant for dispersible polymer powders for the manufacturing of building materials began operations.
- In 2020, Laticrete International Inc. launched the Lite mortar series, which helped the company significantly improve safety for installers and improve performance in concrete repairs.
Key Takeaways from Market Study
- Demand for dry mix mortar in North America is forecasted to top a value of US$ 55 Bn by the end of 2031.
- The U.S. is a key market in North America accounting for more than 72% market share.
- Plaster is anticipated to remain a key application segment.
- Market in Mexico is expected to witness a CAGR of 4.3% by the end of the year 2031.
- By end use, the residential sector is a key segment accounting for more than 40% market share.
“Key market players are focusing on heavy investments in R&D, expansions, acquisitions, and joint ventures to cater growing demand from end users and enhance their market footprint,” says a Persistence Market Research analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
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Key Stakeholders
North America Dry Mix Mortar Market Manufacturers
North America Dry Mix Mortar Market Distributors/Traders/Wholesalers
North America Dry Mix Mortar Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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