Industry Background:
Mortar is the mixture of different materials like sand, cement, water, lime, etc for masonry construction helping in brick and block laying. It is the workable paste for binding the bricks and concrete building materials & units together and seal the irregular gaps. The mortar mixture can also be used to add decorative colors and patterns in walls for better appearance, it is available in wet and dry form in N, O, S, and M mortar mix types.This growth is primarily driven by Need for the Construction Material Mixture for Bricks and Blocks Laying and Increasing Construction and Building Activities.
Globally, a noticeable market trend is evident Introduction of 3D Printing Types of Mortar Materials. The Building Products sector in the Asia Pacific region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as BASF SE (Germany), Knauf (Germany), H.B. Fuller Company (United States), CEMEX S.A.B. de C.V., (Mexico), Sika AG (Switzerland), Baumit (Austria), Saint-Gobain Weber (France), Henkel (Ceresit) (Germany), ARDEX GmbH (Germany), MAPEI (Italy), Grupo Puma (Spain), Adeplast (Romania) and Forbo (Switzerland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
"The European Standards for both rendering mortars and masonry mortars require that constituent raw materials shall have characteristics that permit the finished product to conform to the requirements of the Standard. The European Standards require that constituent materials of established suitability are used. The manufacturer of the mortar is required to declare the workable life when the mortar contains an admixture to control the setting, testing should be undertaken in accordance with BS EN 1015-9. It is a requirement of the Standard that the air content is tested and declared when relevant to the end use of the mortar."
Market Drivers
- Need for the Construction Material Mixture for Bricks and Blocks Laying
- Increasing Construction and Building Activities
Market Trend
- Introduction of 3D Printing Types of Mortar Materials
Restraints
- Major Hindrances to Mortar Market Due to COVID-19 Situation Across the World
Opportunities
Surging Demand for the Mortar from Developing Nations for the Development of Public Infrastructure and Facilities and Emerging Number of Mortar and Brick Retailers Around the World
Challenges
Numerous Players in the Mortar Market Leading to Stiff Competition
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Mortar Study Sheds Light on
The Mortar Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Mortar industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Mortar industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.