Asia-Pacific Dry Mix Mortar Market Size
| Icons | Lable | Value |
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 143.55 Million Tons |
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Market Volume (2030) | 204.70 Million Tons |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 6.09 % |
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Largest Share by Country | China |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Dry Mix Mortar Market Analysis
The Asia-Pacific Dry Mix Mortar Market size is estimated at 143.55 million Tons in 2024, and is expected to reach 204.70 million Tons by 2030, growing at a CAGR of 6.09% during the forecast period (2024-2030).
143.55 Million
Market Size in 2024 (Tons)
204.70 Million
Market Size in 2030 (Tons)
1.94 %
CAGR (2018-2023)
6.09 %
CAGR (2024-2030)
Largest Market by Application
39.24 %
volume share, Render, 2023
Owing to the growing usage of renders for finishing concrete and cement surfaces, in the residential, industrial, and infrastructure sectors, the segment has dominated the market.
Largest Market by End Use Sector
60.19 %
volume share, Residential, 2023
Due to the increasing usage of dry-mix mortar for applications such as rendering, plastering, waterproofing, tiling, etc. for housing construction, the residential sector holds the largest share.
Largest Market by Country
75.84 %
volume share, China, 2023
With the continuous development of its provinces followed by the construction of huge residential complexes, the demand for dry mix mortar increased, making China the largest consumer in the region.
Fastest Market by Country
6.61 %
Projected CAGR, Indonesia, 2024-2030
Growing infrastructure spending on major sectors in the country such as roads, airports, marine, etc. coupled with growing applications of dry mix mortar, the country is expected to register the fastest growth in the region.
Leading Company
3.31 %
market share, Sika AG, 2022
The company held the largest share in 2022 owing to its large production capacity of around 8.3 million tons of dry mix mortar per year in the region. The company also serves customers across various construction sectors.
Rising demand for housing units is likely to drive the dry mix mortar growth
- By 2022, Asia-Pacific dominated the global dry mix mortar market, accounting for 40.73% of the total share. In 2023, the region's dry mix mortar consumption grew by 4.07% in volume, driven by rising demand from both commercial and residential construction sectors.
- In 2022, the residential sector in Asia-Pacific emerged as the leading consumer of dry mix mortar, comprising 60.34% of the market. Factors such as increasing urbanization, government initiatives, and investments, both domestic and foreign, fueled the region's housing needs. For example, the Government of Indonesia (GOI) aimed to build 1 million housing units by 2025, with the country's total housing demand projected to hit 30 million units. Consequently, the demand for dry mix mortar in the residential sector was forecast to surge from 81.5 million tons in 2023 to 119.7 million tons in 2030.
- The commercial sector in Asia-Pacific was poised to witness the highest growth rate in dry mix mortar consumption, with a CAGR of 7.64% during the forecast period. Anticipated growth in shopping malls, office spaces, and retail centers led to a rise of 178 million sq. ft in commercial floor area in 2025 compared to the previous year. For instance, India's Grade A office market in its top seven cities was projected to expand to 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. Consequently, the demand for dry mix mortar in the commercial sector was estimated to increase by 13.95 million tons by 2030 compared to 2023.
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High demand for dry-mix mortar forecast in Asia-pacific due to rising government investments in the construction sector
- Dry-mix mortar, comprising cement, sand, minerals, and functional additives in precise ratios, finds applications in concrete protection, renovation, rendering, plastering, and waterproofing. Australia's dry-mix mortar market witnessed a significant 17.32% volume growth in 2022 compared to 2021. In the year 2023, Asia-Pacific, driven by robust investments in residential and infrastructure construction, experienced a 4.07% volume growth over the previous year.
- In the year 2022, China held a substantial share of the Asia-Pacific dry-mix mortar market. Despite government-imposed lockdowns, China's infrastructure sector witnessed a 4.29% volume growth between 2021 and 2022. This growth was fueled by a notable increase in transport infrastructure spending, rising from USD 157.6 billion in 2021 to USD 165.6 billion in 2022. Additionally, the residential construction sector in China underwent significant reforms and policy changes, rekindling consumer interest in property purchases. With continued investments and initiatives, the Chinese market experienced a 3.83% volume growth in 2023.
- Indonesia's dry-mix mortar market is set to witness the fastest CAGR of 6.74% in volume during the forecast period. Under the "Capital City Bill," Indonesia embarked on a USD 32 billion project to relocate its capital from Jakarta to Borneo Island by the year 2045. This ambitious endeavor encompasses housing complexes, manufacturing units, and infrastructure, signaling a surge in dry-mix mortar demand.
Asia-Pacific Dry Mix Mortar Market Trends
Rising retail and office spaces in countries such as India to boost the Asia-Pacific commercial construction sector
- In 2022, Asia-Pacific witnessed a 3.23% decline in its commercial new floor area compared to the previous year. This setback was attributed to factors such as regulatory pressures, higher inflation, and a surge in mortgage rates. In 2023, the region rebounded, with commercial construction new floor area increasing by approximately 146 million sq. ft. This surge was primarily driven by a rise in foreign direct investment (FDI), which spurred the demand for new offices, warehouses, retail outlets, and other facilities. Notably, the Vietnamese construction sector attracted an FDI capital of USD 71.44 million in 2023.
- In 2020, the Asia-Pacific region experienced a significant setback in commercial new floor area, with a volume decline of 21.92% compared to 2019. This decline was primarily due to widespread government lockdowns, which disrupted project work and severely impacted supply chains, equipment, and labor. However, as restrictions eased, the region witnessed a remarkable rebound, with its commercial new floor area surging by 20.98% in 2021, reaching a volume of approximately 526 million sq. ft.
- Asia-Pacific's commercial new floor area is projected to witness substantial growth, with an estimated increase of 1.41 billion sq. ft by 2030 compared to 2023. This surge is fueled by a rising demand for shopping malls, office spaces, retail outlets, and more. The Asia-Pacific region is emerging as a global retail powerhouse, contributing to nearly three-quarters of the worldwide retail growth. For instance, the Indian Grade A office market in its top seven cities may to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft. by 2030. Overall, the commercial new floor area in Asia-Pacific is projected to witness a volume CAGR of 5.16% during the forecast period.
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Rising affordable housing units, such as India’s likely to reach 25 million by 2030, to augment the residential constructions in the region
- In 2022, the residential new floor area in the Asia-Pacific region saw a volume decline of approximately 5.39% from the previous year. This dip was a result of the sector normalizing after a surge in building activity during the COVID-19 pandemic. The region's residential sector is driven by a growing population, increasing wealth, and rapid urbanization. The residential new floor area in the region was expected to rise by 410 million sq. ft in 2023 compared to 2022.
- In 2020, the residential new floor area in Asia-Pacific declined in volume by around 5.06% compared to 2019. This was primarily due to government-imposed lockdowns, disruptions in the supply chain, labor shortages, reduced construction productivity, and low foreign investments. However, as restrictions eased, the region saw a significant rebound, with the residential new floor area surging by about 1.4 billion sq. ft in 2021, driven by the addition of new residential housing units. For instance, in 2021 alone, the Indian residential real estate market introduced approximately 163 thousand new residential units across its top seven cities.
- The residential new floor area in the Asia-Pacific region is projected to witness a CAGR of 3.98% during the forecast period. This growth can be attributed to the demand for housing, increased investments, and favorable government policies. The focus on constructing more affordable housing units is expected to rejuvenate the residential construction sector in the region, aiding its recovery. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for an additional 25 million affordable housing units. This surge in demand is expected to push the Indian residential real estate market to reach 1.5 million units by 2030.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rise in warehousing space, such as India's around 500 million sq. ft increase by 2030, is likely to boost the demand for industrial & institutional constructions in the region
- Increasing infrastructure needs, which are likely to exceed USD 22.6 trillion by 2030, will augment the demand for the infrastructure sector
Asia-Pacific Dry Mix Mortar Industry Overview
The Asia-Pacific Dry Mix Mortar Market is fragmented, with the top five companies occupying 12.67%. The major players in this market are HANIL HOLDINGS CO.,LTD., Oriental Yuhong, Saint-Gobain, SCG and Sika AG (sorted alphabetically).
Asia-Pacific Dry Mix Mortar Market Leaders
HANIL HOLDINGS CO.,LTD.
Oriental Yuhong
Saint-Gobain
SCG
Sika AG
Other important companies include Asia Cement Co., Ltd., BBMG Corporation, MBCC Group, SAMPYO GROUP, UltraTech Cement Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Dry Mix Mortar Market News
- October 2023: Beijing BBMG Mortar Co. Ltd acquired 30% of equities in Tianjin Jinyu Treasure Bright Mortar Co. Ltd for around USD 2430 million.
- May 2023: PCI, an affiliate of MBCC Group, formulated a ready-mixed flowable screed mortar, PCI Novoment Flow, offering multiple benefits like quick setting and curing.
- May 2023: MBCC group divested its construction systems business, including its subsidiaries, product portfolio, and advanced technologies, to Sika AG.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Asia-Pacific Dry Mix Mortar Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End Use Sector Trends
2.1.1. Commercial
2.1.2. Industrial and Institutional
2.1.3. Infrastructure
2.1.4. Residential
2.2. Major Infrastructure Projects (current And Announced)
2.3. Regulatory Framework
2.4. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
3.1. End Use Sector
3.1.1. Commercial
3.1.2. Industrial and Institutional
3.1.3. Infrastructure
3.1.4. Residential
3.2. Application
3.2.1. Concrete Protection and Renovation
3.2.2. Grouts
3.2.3. Insulation and Finishing Systems
3.2.4. Plaster
3.2.5. Render
3.2.6. Tile Adhesive
3.2.7. Water Proofing Slurries
3.2.8. Other Applications
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. South Korea
3.3.8. Thailand
3.3.9. Vietnam
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Asia Cement Co., Ltd.
4.4.2. BBMG Corporation
4.4.3. HANIL HOLDINGS CO.,LTD.
4.4.4. MBCC Group
4.4.5. Oriental Yuhong
4.4.6. Saint-Gobain
4.4.7. SAMPYO GROUP
4.4.8. SCG
4.4.9. Sika AG
4.4.10. UltraTech Cement Ltd.
5. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
6. APPENDIX
6.1. Global Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Market Dynamics (DROs)
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 5:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 6:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN COMMERCIAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN COMMERCIAL SECTOR, BY APPLICATION, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 10:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY APPLICATION, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 12:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN INFRASTRUCTURE SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN INFRASTRUCTURE SECTOR, BY APPLICATION, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- VOLUME OF DRY-MIX MORTAR CONSUMED IN RESIDENTIAL SECTOR, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED IN RESIDENTIAL SECTOR, BY APPLICATION, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY APPLICATION, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY APPLICATION, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR CONCRETE PROTECTION AND RENOVATION, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR CONCRETE PROTECTION AND RENOVATION BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 20:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR GROUTS, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR GROUTS BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR INSULATION AND FINISHING SYSTEMS, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR INSULATION AND FINISHING SYSTEMS BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 24:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR PLASTER, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR PLASTER BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 26:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR RENDER, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR RENDER BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 28:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR TILE ADHESIVE, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR TILE ADHESIVE BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 30:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR WATER PROOFING SLURRIES, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR WATER PROOFING SLURRIES BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 32:
- VOLUME OF DRY-MIX MORTAR CONSUMED FOR OTHER APPLICATIONS, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED FOR OTHER APPLICATIONS BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 34:
- VOLUME OF DRY-MIX MORTAR CONSUMED BY COUNTRY, TONS, ASIA-PACIFIC, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 36:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, AUSTRALIA, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 38:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, CHINA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 40:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, INDIA, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 42:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, INDONESIA, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 44:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, JAPAN, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 46:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, MALAYSIA, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 48:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, SOUTH KOREA, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 50:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, THAILAND, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 52:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, VIETNAM, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 54:
- VOLUME OF DRY-MIX MORTAR CONSUMED, TONS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF DRY-MIX MORTAR CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 56:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2020 - 2023
- Figure 57:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 58:
- PRODUCTION CAPACITY SHARE OF DRY-MIX MORTAR BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Dry Mix Mortar Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Concrete Protection and Renovation, Grouts, Insulation and Finishing Systems, Plaster, Render, Tile Adhesive, Water Proofing Slurries are covered as segments by Application. Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam are covered as segments by Country.
- By 2022, Asia-Pacific dominated the global dry mix mortar market, accounting for 40.73% of the total share. In 2023, the region's dry mix mortar consumption grew by 4.07% in volume, driven by rising demand from both commercial and residential construction sectors.
- In 2022, the residential sector in Asia-Pacific emerged as the leading consumer of dry mix mortar, comprising 60.34% of the market. Factors such as increasing urbanization, government initiatives, and investments, both domestic and foreign, fueled the region's housing needs. For example, the Government of Indonesia (GOI) aimed to build 1 million housing units by 2025, with the country's total housing demand projected to hit 30 million units. Consequently, the demand for dry mix mortar in the residential sector was forecast to surge from 81.5 million tons in 2023 to 119.7 million tons in 2030.
- The commercial sector in Asia-Pacific was poised to witness the highest growth rate in dry mix mortar consumption, with a CAGR of 7.64% during the forecast period. Anticipated growth in shopping malls, office spaces, and retail centers led to a rise of 178 million sq. ft in commercial floor area in 2025 compared to the previous year. For instance, India's Grade A office market in its top seven cities was projected to expand to 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. Consequently, the demand for dry mix mortar in the commercial sector was estimated to increase by 13.95 million tons by 2030 compared to 2023.
| End Use Sector | |
| Commercial | |
| Industrial and Institutional | |
| Infrastructure | |
| Residential |
| Application | |
| Concrete Protection and Renovation | |
| Grouts | |
| Insulation and Finishing Systems | |
| Plaster | |
| Render | |
| Tile Adhesive | |
| Water Proofing Slurries | |
| Other Applications |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
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Market Definition
- END-USE SECTOR - Dry mix mortar consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, consumption of dry mix mortar products for plaster, render, tile adhesive, grouts, waterproofing slurries, concrete protection and renovation, insulated and finishing systems along with other applications are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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