Market Size of Dry Mix Mortar Industry
| Study Period | 2017-2027 |
| Market Size (2023) | USD 301.80 Million |
| Market Size (2028) | USD 400.46 Million |
| CAGR (2023 - 2028) | 5.82 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Dry Mix Mortar Market Analysis
The Dry Mix Mortar Market size is expected to grow from tons 301.80 million in 2023 to tons 400.46 million by 2028, at a CAGR of 5.82% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the market in 2020. However, the construction sector is picking up pace in the post-pandemic scenario. Thus, this will enhance the market demand for dry mix mortar over the coming years.
- Over the medium term, increasing construction activities in the United States and Asia-Pacific are expected to drive the market's growth.
- Simplified mix and apply operation is also a blooming opportunity for the dry mix mortar market.
- The emerging trend of green building certifications will likely act as an opportunity.
- Asia-Pacific dominated the market studied, with the most significant consumption from countries like China, India, and Japan.
