According to the latest report by IMARC Group, titled “Dry-Mix Mortar Additives and Chemicals Market Report by Type (Additives, Chemicals), and Region 2023-2028,” the global dry-mix mortar additives and chemicals market size reached US$ 23,900 Million in 2022. Dry-mix mortar additives and chemicals are specialized ingredients added to dry-mix mortars to enhance their performance characteristics. Dry-mix mortars consist of various components like cement, sand, and other aggregates, which are mixed with water at the construction site to form a paste. The additives and chemicals serve multiple purposes such as improving workability, enhancing adhesive strength, and providing resistance to environmental factors like moisture and temperature variations. Common types of additives used include plasticizers, which improve the flowability and workability of the mortar; retarders, which slow down the setting time; and accelerators, which hasten the setting process. Other additives like water repellents, anti-shrinkage agents, and pigments can also be added for specialized applications. These additives are often synthetic, although natural options also exist. Chemicals like polymers and resins can also be added to improve specific characteristics like adhesion, flexibility, and resistance to wear and tear. These additives and chemicals are especially crucial in modern construction, where speed, durability, and environmental considerations are paramount. They allow builders to tailor the mortar to specific needs, whether it be rapid setting for time-sensitive projects or enhanced durability for structures exposed to harsh conditions.
Global Dry-Mix Mortar Additives and Chemicals Market Trends:
Significant innovations in additive and chemical formulations to improve workability, durability, and environmental resistance represents one of the key factors driving the growth of the market across the globe. The market is also driven by the global expansion of the construction industry. As infrastructure development and real estate markets grow, especially in emerging economies, the demand for dry-mix mortar additives and chemicals rises correspondingly. The increasing focus on sustainable construction methods is leading to the development of eco-friendly additives and chemicals, which is influencing the growth of the market. In line with this, stringent building codes and regulations that emphasize structural integrity and safety boost the need for high-quality additives that cater to or exceed these standards. Rapid urban growth, particularly in developing countries, necessitates the construction of high-rise buildings, where the use of specialized mortar is unavoidable. This trend pushes the demand for advanced dry-mix mortar additives and chemicals which is further fueling the market growth. The rise in do-it-yourself home renovation projects is expanding the market beyond large-scale construction to include retail consumers, who also require these additives for smaller projects which is contributing to the growth of the market. Projects like the restoration of historic buildings or constructions in extreme environments (high humidity, freezing temperatures, etc.) require specialized mortar formulations, which is driving demand for specific additives, thus facilitating the growth of the market. Improved logistics and manufacturing capabilities enable companies to produce and distribute additives and chemicals more efficiently which reduces costs and increases market competitiveness, thus creating a positive outlook for the market across the globe. Looking forward, the market value is projected to reach US$ 37,189 Million by 2028, expanding at a CAGR of 7.80 % during 2023-2028.
- Based on the type, the market has been segmented into additives (redispersible polymer powder, plasticizers, defoamers, cellulose ether, air entraining agents, and others) and chemicals (shrinkage [anhydrites], retarders [na-citrate, na-tartrate, gypsum, and phosphonate-based retarders] and accelerators [ca-formate, ca-carbonate, ca-nitrate, li-carbonate, and CSH and CSA accelerators]).
- Based on the region, the market has been divided into North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Presently, Asia Pacific holds the largest market share across the globe.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, etc.
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Additives: Redispersible Polymer Powder, Plasticizers, Defoamers, Cellulose Ether, Air Entraining Agents, Others
- Chemicals: Shrinkage (Anhydrites), Retarders, Accelerators
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Google LLC (Alphabet Inc.), International Business Machines Corporation, Microsoft Corporation, Salesforce Inc., Society for Worldwide Interbank Financial Telecommunication, etc.
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