According to IMARC Group’s latest report, titled “Dry-Mix Mortar Additives and Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032." 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$ 25,764.2 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 47,446.2 Million by 2032, exhibiting a growth rate (CAGR) of 6.81% during 2024-2032.
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Factors Affecting the Growth of the Dry-Mix Mortar Additives and Chemicals Industry:
- Market Expansion in Construction Industry:
The growth of the dry-mix mortar additives and chemicals market is significantly influenced by the expansion of the construction industry globally. As urbanization and industrialization accelerate, especially in emerging economies, there is a heightened demand for residential, commercial, and infrastructure projects. This surge necessitates the extensive use of dry-mix mortars, which, in turn, boosts the demand for various additives and chemicals that enhance the properties of mortars, such as improved adhesion, durability, and workability. The additives and chemicals are essential for modern construction practices, providing solutions that cater to the evolving requirements of high-performance building materials and sustainable construction methodologies, thereby driving market growth.
- Technological Innovations and Sustainability Trends:
Technological advancements play a pivotal role in shaping the dry-mix mortar additives and chemicals market. Innovations in chemical formulations are leading to the development of advanced additives that provide enhanced performance characteristics to mortars, such as faster curing times, better water retention, and increased strength. Moreover, the growing emphasis on sustainability in the construction sector is propelling the demand for eco-friendly additives and chemicals. Manufacturers are increasingly focusing on producing green solutions that reduce carbon footprints and are compatible with eco-friendly building practices. These innovations not only fulfill regulatory compliance but also cater to the rising consumer preference for sustainable construction materials, thereby fueling market growth.
- Regulatory Frameworks and Construction Standards:
The regulatory landscape significantly impacts the dry-mix mortar additives and chemicals market. Governments and regulatory bodies worldwide are implementing stringent standards and guidelines to ensure the quality, safety, and environmental impact of construction materials. These regulations compel manufacturers to adhere to specific formulations and quality standards, influencing the development and adoption of new additives and chemicals. Additionally, the emphasis on building safety and energy-efficient structures is prompting the industry to innovate and adopt high-quality standards in mortar production. Compliance with these regulations ensures the longevity and durability of constructions, fostering trust and reliability in the use of advanced dry-mix mortars, thereby supporting market growth.
Dry-Mix Mortar Additives and Chemicals Market Report Segmentation:
Type Insights:
- Additives
- Chemicals
By type, the market is segmented into additives [redispersible polymer powder, plasticizers, defoamers, cellulose ether, air entraining agents, and others] and chemicals [shrinkage {anhydrites}, retarders {na-citrate, na-tartrate, gypsum, and phosphonate-based retarders} and accelerators {ca-formate, ca-carbonate, ca-nitrate, li-carbonate, and CSH and CSA accelerators}].
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Asia Pacific emerged as the largest market due to rapid urbanization and infrastructure development, leading to a surge in construction activities, consequently driving the demand for dry-mix mortar additives and chemicals.
Global Dry-Mix Mortar Additives and Chemicals Market Trends:
The market growth for dry-mix mortar additives and chemicals is primarily driven by the booming construction industry, which demands enhanced building materials for durability, strength, and weather resistance. Innovations in construction techniques necessitate high-performance additives to improve the workability, bonding properties, and longevity of mortars. Urbanization trends and the escalating need for infrastructure development in emerging economies fuel the demand for advanced construction materials, including dry-mix mortars. Additionally, the shift towards sustainable construction practices encourages the use of environmentally friendly and energy-efficient additives, further propelling market growth. These factors collectively contribute to the expanding utilization of dry-mix mortar additives and chemicals in the construction sector.
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