Jul 27, 2022 SOURCE: BusinessWire

Global Dry-mix Mortar Additives and Chemicals Market (2022 to 2027) - Featuring Evonik Industries, Mapei SpA, Nouryon and Sika Among Others - ResearchAndMarkets.com

The "Dry-mix Mortar Additives and Chemicals Market | Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)" report has been added to ResearchAndMarkets.com's offering.

The dry-mix mortar additives and chemicals market is valued at over 4200 kilotons in 2021, and is expected to register a CAGR of greater than 5% during the forecast period(2022-2027).

Due to the COVID-19 outbreak, nationwide lockdown around the globe, disruption in manufacturing activities and supply chains, production halts have negatively impacted the market in 2020. However, the conditions started recovering in 2021, thereby restoring the growth trajectory of the market studied during the forecast period.

Companies Mentioned

Ashland
BASF SE
CEMEX S.A.B. de CV
Don Construction Products Ltd
Dow
Evonik Industries AG
Mapei SpA
Nouryon
Sika AG
The Euclid Chemical Company
Wacker Chemie AG
Zeiplast Chemical Industries Ltd
Zeiplast Chemical Industries Ltd
DCC

Key Market Trends

Re-dispersible Polymer Powder Segment May Dominate the Market

Re-dispersible powders are obtained by spray drying the corresponding aqueous polymer dispersions containing a redispersing agent, while simultaneously adding finely ground inorganic materials as anticaking agents. The re-dispersibility of the polymer powder is the most important parameter to achieve mortar performances, like adhesion onto the substrate and abrasion resistance.
Re-dispersible polymer powder is the most important binder in cement- and gypsum-based dry powder material. Re-dispersible polymer powder is a spray-dried powder of polymer emulsion. It is re-emulsified with water and has the same properties as the original emulsion, i.e., a film can be formed after water evaporation. This film has high toughness, weather resistance, and adhesion to a substrate. In addition, the latex powder with hydrophobic properties can improve the waterproof performance of the waterproof mortar.

Asia-Pacific to Dominate the Market

Asia-Pacific is expected to account for the largest share of the overall dry-mix mortar additives and chemicals market, during the forecast period.
Currently, China, India are among the largest consumer of dry mix mortar, and these are the fastest-growing countries in terms of consumption of dry mix mortar, worldwide.
China has the largest construction market in the world, encompassing 20% of all construction investments globally. China is expected to spend nearly USD 13 trillion on buildings by 2030. Additionally, the demographics in the country are expected to spur the growth of residential construction continually.
According to the National Development and Reform Commission, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion, which are estimated to be completed by 2023. The growing demand for housing is expected to drive residential construction in the public and private sectors.
Furthermore, India is also witnessing huge investments in the infrastructure projects which is likely to provide huge demand for market studied.
According to IBEF, in Union Budget 2021, the government allocated INR 233,083 crore (USD 32.02 billion) to enhance the transport infrastructure. The government expanded the 'National Infrastructure Pipeline (NIP)' to 7,400 projects. Around 217 projects worth INR 1.10 lakh crore (USD 15.09 billion) were completed in 2020.
Moreover, the availability of affordable housing in the country is expected to rise by over 70% by 2025. By 2022, India is expected to contribute about USD 640 billion to the construction industry due to government initiatives in infrastructure development and affordable housing, such as smart city plans. The growing construction activities in the country have been driving the demand for dry-mix mortar additives and chemicals.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Increasing Construction Activities in the United States and Asia-Pacific

4.1.2 Long-term Cost-effectiveness in the Construction Industry

4.2 Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION