The European dry-mix mortar market is anticipated to grow at a compound annual growth rate (CAGR) of 4.28% during the forecast period.
Dry mix mortar is a versatile material used in the construction industry. It is used in laying bricks, coat building, and proofing. The application of dry-mix mortar extends to the grouts, plaster, render, tile adhesive, waterproofing slurries, insulation, finishing systems, and other applications. Further, it helps improve structures, modernize structures, and reduce cost and wastage. Dry mix mortar can be easily transported, stirred, pumped, and applied by a machine, making it more efficient.
Dry-mix mortar can be ordinary for masonry projects, plastering works, and ground mortar works. Special dry mix mortar can be a thin layer of dry powder mortar, decorative dry powder mortar, or dry powder mortar. Its functions can include crack resistance, high adhesion, waterproofing, impermeability, and decoration.
EUROPE DRY-MIX MORTAR MARKET DRIVERS:
Dry-mix mortar is essential providing multiple advantages over the traditional wet mortar mixes owing to the factor that it can be easily transported in a container, pumped, stirred, and even applied on a machine, thus resulting in it working efficiently with the manifolds. Multiple dry-mix mortar raw materials such as additives, cement, and even sand are mixed in accordance with a specific formula in a mixer for even distribution. Dry-mix mortar is an environmentally friendly choice that can contribute to energy savings and emission reduction. Overall, it reduces dust pollution on the construction site, improves labor security, contributes to work efficiency, and is beneficial to environmental protection.
The growth of the construction industry has been driven by multiple factors, such as demand from growing urbanization, demand for green buildings, rising economic development, and demand for superior architecture and buildings. As the world grows, it is urbanized, and sustainable development depends increasingly on the growing infrastructure and construction activities. The growth of the industry would increase employability in the manufacturing industry and the overall demand for raw materials in the sector, including the use of dry-mix mortar.
According to Germany Works, one of Europe’s biggest construction markets is Germany, which encompasses the continent's largest building stock. In 2021, the industry’s revenue increased by 5.9 percent, reaching Euro 143 billion. The construction market in Germany is furthermore expected to increase with the increasing annual investments, which have been growing since 2015.
Additionally, the United Kingdom is considered to be the world’s largest construction market which is generating a strong interest for the U.S. exporters with an estimated $386 billion in 2023, allowing the employment of 2.8 million people. Furthermore, infrastructure is regarded as the strongest construction subsector in the UK, with the output of infrastructure increasing by 4.6% in 2023. Additionally, there was an affirmation in the commitment to spending $127.4 billion to support economic infrastructure from 2022-23 and 2024-25. All of these factors combined will drive the market’s growth.
Europe Dry-mix mortar market restraints:
Europe Dry-mix mortar market key developments:
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Growth Rate | CAGR of 4.28% |
| Study Period | 2019 to 2029 |
| Historical Data | 2019 to 2022 |
| Base Year | 2024 |
| Forecast Period | 2024 – 2029 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | United Kingdom, Germany, France, Italy, Spain, Rest of Europe |
| List of Major Companies in Europe Dry-mix Mortar Market |
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| Customization Scope | Free report customization with purchase |
The European dry-mix mortar market is segmented and analyzed as follows: