According to IMARC Group’s latest report, titled “Dry-Mix Mortar Additives and Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global dry-mix mortar additives and chemicals market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How Big is the Dry-Mix Mortar Additives and Chemicals Market?
The global dry-mix mortar additives and chemicals market size reached US$ 23,900 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 37,189 Million by 2028, exhibiting a growth rate (CAGR) of 7.80% during 2023-2028.
What is dry-mix mortar additives and chemicals?
Dry-mix mortar additives and chemicals are essential components in the formulation of dry mortars used in construction and renovation. These additives impart crucial properties to the mortar, such as improved adhesion, enhanced flexibility, and increased resistance to moisture and temperature variations. Chemicals such as redispersible polymer powders, cellulose ethers, and defoamers are commonly incorporated to improve workability, extend open time, and control the consistency of the mix.
Air-entraining agents are added to increase frost resistance and improve the mortar's durability. Additionally, accelerators and retarders can be used to control the setting time, vital for various climatic and operational conditions. These chemicals are formulated to be compatible with different substrates and environmental requirements, ensuring that the dry-mix mortar performs reliably whether it is used for laying bricks, tiling, plastering, or grouting.
What are the growth prospects and trends in the dry-mix mortar additives and chemicals industry?
The burgeoning construction industry in developing nations is serving as a significant driver of the dry-mix mortar additives and chemicals market. The escalating demand for building materials that offer both aesthetic and structural benefits is influencing this market positively. Moreover, the versatility in design and the innovations in chemical additives are enhancing the performance of dry-mix mortars, which is a central growth-inducing factor.
Additionally, advancements in chemical formulations are revolutionizing the industry, providing improved workability, water retention, and adhesion properties, thereby accommodating a broad spectrum of construction requirements. Apart from this, the strong push toward environmentally friendly production methods, which is leading to the development of sustainable and green additive solutions. These eco-innovations are garnering a favorable reception globally. Furthermore, manufacturers are actively engaging in research and development to further the efficiency, ecological compatibility, and aesthetic quality of these additives, which is bolstering market growth worldwide.
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Who are the key players operating in the industry?
The report covers the major market players including:
- Google LLC (Alphabet Inc.)
- International Business Machines Corporation
- Microsoft Corporation
- Salesforce Inc.
- Society for Worldwide Interbank Financial Telecommunication
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Additives
- Chemicals
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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