Global Dry Mix Mortar Market: Overview
Rising construction in both developed and developing economies has led the demand in the global dry mix mortar market. Dry mix mortar has excellent technical properties that help sin meeting harsh performance requirement. Moreover, dry mix mortar is cost effective and minimizes potential construction problems. It also ensures long term integrity security of structures having simple material. This has further fueled growth in the global dry mix mortar market.
Moreover, dry mix mortar has special additives that helps in improving the workability of renders and bond them. This helps in reducing the cracking, which led the demand significantly for dry mix mortar. Thus, with increasing construction activities the demand in the global dry mix mortar market will increase at a high rate.
Besides, information related to going trends, restraints, opportunities, and challenges are other major factors influencing growth in this market. All this information will help key stake holders of the market to take better decisions. It will also helps in analyzing the market growth properly and to make better decisions in coming years.
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Global Dry Mix Mortar Market: Notable Developments
The competition in the global dry mix mortar market is expected to be consolidated in the coming years, due to the limited number of players operating in the market.
- Some of the prominent players in the global dry mix mortar market include Parex Group, CEMEX, Sika AG, Mapei SpA, DowDuPont, Ardex Group, BASF SE, Saint-Gobain Weber, and LafargeHolcim.
- Top players in the global dry mix mortar market are focusing on collaboration, mergers and acquisition, product development and enhancement, expansions, and partnership. This will help the players to get them larger position among its competitors.
For example, Sika AG expanded its new mortar production facility in Mexico. It also opened its first concrete admixture production plant.
Global Dry Mix Mortar Market: Trends and Opportunities
Growing construction o-f high bridge in China is one of the key trends where the demand for dry mix mortar is high. This will also lead the demand in the global dry mix mortar market at a high rate. It has been estimated the country is constructing 50 high bridges in the next few years, which makes huge growth opportunity in the China’s dry mix mortar market.
Moreover, development of new mega cities in China to move approximately in new cities has future boosted demand for dry mix mortar market. Additionally, China standing the position of primary emerging market will somewhere affect the growth in the dry mix mortar market.
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Developing Regions to Hold Dominant Share in Expanding Global Dry Mix Mortar Market
Developing regions in Asia Pacific has huge opportunity for dry mix mortar, due to the increasing construction industry. Moreover, high preference given to cost effective construction techniques has boosted growth of dry mix mortar in China and India. Government in these countries is rolling out big construction plans for millions that will expand the Asia Pacific dry mix mortar market. Private spending is also taking an upward trend that will boost demand in this market. In India, about 25 million FDI is received for construction activities in the last few years. More money is being infused in countries infrastructure development in the coming years, this will a big push to the dry mix mortar market.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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