Global Special Mortar Market Overview:
Mortar in a bonding specialist which produced by utilization of cementing material, sand, and water. Mortar is assisted in the bind building blocks like bricks, stone and provides a decorative pattern in construction masonry. Mortar is broadly utilized and produced as bricks or mortar bricks in residential houses and small buildings, epoxy material in bridges, and in investigation activity and rehabilitation. The significant function of special mortar is that it binds together bricks or stones, provides strength to the structure, offers cohesion or force between the structural units and imparts additional resistance and force against the rain dispersion and other such weathering agencies. Also, the good quality mortar is mortar easily spreads with the trowel, supports the weight of the masonry units, adheres to masonry surfaces (is sticky), and expels effectively from the joint when the mason is put under pressure to the unit.
Growth Drivers
- Increase in infrastructure construction and related activates
- The rapidly expanding building and construction sector in developing countries
Roadblocks
- The high price of different mortar
- Lack of awareness about different special mortar in the emerging economies
Opportunities
- Surging new construction activities and enhancing the consumption
- In emerging countries, increases the adoption of the product in various commercial and industrial sectors
Challenges
- Product expansion is the major challenge for the overall industry
Competitive Landscape:
The leading players in the market understand the competitive challenges and avail the competitive advantage, developing and making new solutions which enhances longevity. Also with the increase in construction infrastructure in emerging countries, companies are collaborating and make strategic partnerships with other companies to meet the stringent performance requirements common in the current construction scenario
Some of the key players profiled in the report are RONA (Canada), H.B. Fuller (United States), MAPEI (Italy), Custom Building Products (United States), Bostik (France), W. R. MEADOWS (United States), Sika (Switzerland), TEC Specialty Products (United States), LATICRETE International (United States) and Schluter Systems (Germany). Additionally, following companies can also be profiled that are part of our coverage like ARDEX (Germany), Norcros Group (United Kingdom) and Brickworks (Australia). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Special Mortar market by 2026.
On 26 April 2021, Bethany, LATICRETE, a leading manufacturer of globally proven construction solutions for the building industry, has launched Masonry Veneer Installation System (MVIS), Water Crack Isolation (WCI). MVIS WCI is a premier crack isolation solution that enhances longevity.
What Can be Explored with the Special Mortar Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Special Mortar Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Special Mortar
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Special Mortar market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Special Mortar market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cement Manufacturing Plant, Cement Block Manufacturing, Open a Cement Retailing Business, Ceramic Tile Retailing & Installation, Manufacturing of Blocks and Bricks, Project management consultant, Government Regulatory Authority and Industrial Associations.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.