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India Dry Mix Mortar Market Size

The India Dry Mix Mortar Market is experiencing significant growth, driven by increasing demand in the residential and infrastructure construction sectors. The market's expansion is fueled by rapid urbanization, government initiatives, and substantial investments in housing and urban infrastructure. The residential sector, being the largest consumer, is expected to continue its dominance, while the commercial sector is anticipated to grow even faster due to rising demands for retail and office spaces. This growth trajectory highlights the robust potential of the dry mix mortar market in India over the forecast period.

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Market Size of india dry mix mortar Industry

India Dry Mix Mortar Market Summary
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svg icon Study Period 2018 - 2030
svg icon Market Volume (2024) 7.55 Million Tons
svg icon Market Volume (2030) 11.00 Million Tons
svg icon Largest Share by End Use Sector Residential
svg icon CAGR (2024 - 2030) 6.47 %
svg icon Fastest Growing by End Use Sector Commercial
svg icon Market Concentration Medium

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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India Dry Mix Mortar Market Analysis

The India Dry Mix Mortar Market size is estimated at 7.55 million Tons in 2024, and is expected to reach 11.00 million Tons by 2030, growing at a CAGR of 6.47% during the forecast period (2024-2030).

7.55 Million

Market Size in 2024 (Tons)

11.00 Million

Market Size in 2030 (Tons)

4.44 %

CAGR (2018-2023)

6.47 %

CAGR (2024-2030)

Largest Market by Application

39.26 %

volume share, Render, 2023

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Due to the high usage of renders for finishing concrete and cement surfaces in various sectors of construction coupled with DIY repair works, the segment has dominated the market.

Fastest Market by Application

8.45 %

Projected CAGR, Water Proofing Slurries, 2024-2030

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Owing to the rising application of waterproofing slurries across sectors such as residential, industrial, and infrastructure, the segment is expected to dominate the market in the forecast period.

Largest Market by End Use Sector

60.80 %

volume share, Residential, 2023

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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.

Fastest Market by End Use Sector

7.23 %

Projected CAGR, Commercial, 2024-2030

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Growing investments in construction for IT Hubs coupled with increasing consumption of dry mix mortar for malls, offices, etc., are expected to drive the demand in the sector during the forecast period.

Leading Company

18.75 %

market share, UltraTech Cement Ltd., 2022

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UltraTech Cement Ltd. has the largest dry-mix mortar production capacity around 3 million tons in India. The company's technologically re-engineered products and distribution network in the country supports it dominance.

India’s Grade A office space is expected to reach 1.2 billion square feet by 2030, and is likely to drive the demand for dry mix mortar in the future

  • In 2022, India's consumption of dry mix mortar saw a notable uptick of 7.13% from the previous year, primarily driven by heightened demand in the residential and infrastructure construction sectors.
  • With a share of approximately 60.9% in 2022, the residential sector emerged as the dominant consumer of dry mix mortar in India. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing, leading to a projected uptick in residential building construction. For instance, India is eyeing an investment of USD 700 billion between 2021 and 2031 to bolster urban infrastructure services, including urban mobility and affordable housing. Additionally, the projected increase in the country's residential new floor area by 602 million sq. ft from 2023 to 2030 further underscores the growth potential. Consequently, the market is poised to register a CAGR of 6.56% during the forecast period.
  • India's commercial sector is set to outpace others in dry mix mortar consumption, with a projected CAGR of 7.24% during the forecast period. The anticipated surge in the country's commercial new floor area by 46.7 million square feet from 2025 to 2026 is driven by rising demands for shopping malls, office and retail spaces, among others. For instance, India's Grade A office market in the top seven cities is on track to expand to 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. Consequently, the dry mix mortar market for the commercial sector in India is estimated to reach 1.47 million tons in 2030, up from 905 thousand tons in 2023.
India Dry Mix Mortar Market

India 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.

  • In 2022, India's consumption of dry mix mortar saw a notable uptick of 7.13% from the previous year, primarily driven by heightened demand in the residential and infrastructure construction sectors.
  • With a share of approximately 60.9% in 2022, the residential sector emerged as the dominant consumer of dry mix mortar in India. Factors such as rapid urbanization, government initiatives, and both foreign and domestic investments are fueling the demand for housing, leading to a projected uptick in residential building construction. For instance, India is eyeing an investment of USD 700 billion between 2021 and 2031 to bolster urban infrastructure services, including urban mobility and affordable housing. Additionally, the projected increase in the country's residential new floor area by 602 million sq. ft from 2023 to 2030 further underscores the growth potential. Consequently, the market is poised to register a CAGR of 6.56% during the forecast period.
  • India's commercial sector is set to outpace others in dry mix mortar consumption, with a projected CAGR of 7.24% during the forecast period. The anticipated surge in the country's commercial new floor area by 46.7 million square feet from 2025 to 2026 is driven by rising demands for shopping malls, office and retail spaces, among others. For instance, India's Grade A office market in the top seven cities is on track to expand to 1 billion square feet by 2026 and further to 1.2 billion square feet by 2030. Consequently, the dry mix mortar market for the commercial sector in India is estimated to reach 1.47 million tons in 2030, up from 905 thousand tons in 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
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India Dry Mix Mortar Market Size Summary

The India Dry Mix Mortar Market is experiencing significant growth, driven by increasing demand in the residential and infrastructure construction sectors. The residential sector, which accounted for a substantial portion of the market share, is being propelled by rapid urbanization, government initiatives, and substantial investments in housing. This trend is expected to continue, with a notable expansion in residential building construction anticipated over the coming years. The commercial sector is also poised for growth, with rising demands for shopping malls, office spaces, and retail outlets contributing to the increased consumption of dry mix mortar. The market's expansion is further supported by the recovery from previous setbacks, such as the impact of the nationwide lockdown, which had disrupted construction activities and supply chains.

The market is moderately consolidated, with major players like Adani Group, Ramco Cements, Saint-Gobain, Sika AG, and UltraTech Cement Ltd. holding significant shares. Innovations in product offerings, such as LATICRETE International's high-performance tile adhesive and PCI's ready-mixed flowable screed mortar, are enhancing the market's growth prospects. The anticipated increase in urban population and the corresponding demand for affordable housing units are expected to drive the market further. As the commercial and residential sectors continue to expand, the dry mix mortar market in India is set to witness robust growth, supported by favorable government policies and increased foreign direct investment.

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India Dry Mix Mortar Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)

    1. 1.1 End Use Sector

      1. 1.1.1 Commercial

      2. 1.1.2 Industrial and Institutional

      3. 1.1.3 Infrastructure

      4. 1.1.4 Residential

    2. 1.2 Application

      1. 1.2.1 Concrete Protection and Renovation

      2. 1.2.2 Grouts

      3. 1.2.3 Insulation and Finishing Systems

      4. 1.2.4 Plaster

      5. 1.2.5 Render

      6. 1.2.6 Tile Adhesive

      7. 1.2.7 Water Proofing Slurries

      8. 1.2.8 Other Applications

India Dry Mix Mortar Market Size FAQs

The India Dry Mix Mortar Market is projected to register a CAGR of 6.47% during the forecast period (2024-2030).

Adani Group, Ramco Cements, Saint-Gobain, Sika AG and UltraTech Cement Ltd. are the major companies operating in the India Dry Mix Mortar Market.

India Dry Mix Mortar Market Report Snapshots

India Dry Mix Mortar Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2030