The Global Mortar Market Size is Estimated to be USD 41190 Million in 2028

Uncategorized

Mortar is a workable paste used to bind building blocks such as stones, bricks, and concrete masonry units together, fill and seal the irregular gaps between them, and sometimes add decorative colors or patterns in masonry walls. In its broadest sense mortar includes Wet Mixed Mortar and Dry Mortar.

sha-jiang.jpg (33 KB)

Due to COVID-19 pandemic, the global Mortar market size is estimated to be worth US$ 33130 million in 2021 and is forecast to a readjusted size of USD 41190 million by 2028 with a CAGR of 3.2% during review period.

Asia-Pacific accounted for the largest sales share of the Mortar market in 2020. The region is characterized by the presence of a large number of service providers, especially in the China. At the same time, the Middle East and Africa region is expected to grow at the highest CAGR during the forecast period.

At present, the major players of Mortar in the world include: Sika (CH), Saint-Gobain Weber (FR), Henkel (FR), Mapei (IT), BASF (DE), Cemex (MX), Knauf (DE), Ardex (DE), Bostik (US), CBP (US), Caparol (DE) and Hanil Cement (KR), among which Sika is the world’s largest Mortar manufacturer, its market share is about 8.89% in 2020. There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality.

Affected by COVID-19, policies such as home isolation and construction site shutdown have inhibited the development of the Mortar market. With the global vaccination and the resumption of work and production in various regions, we expect the market to gradually recover.

What can we bring to our customers?

*Improve efficiency

Analysis of upstream and downstream market opportunities to help enterprises to seek a breakthrough in efficiency

 

* Market insight

Historical data and forecast data layout, grasp the market trends

 

*Grasp the policy

Policies lead the development of the industry and boost the market layout of enterprises

 

* Risk aversion

SWOT analysis of competitors, cost and profit analysis and potential industry turnover analysis

 

For More Information On This Report, Please Visit @

https://www.globalinforesearch.com/reports/707968/mortar

 

About report customization:

The Global Information Research Department can customize the report according to your needs. The report can be personalized to meet your requirements. Please contact our sales team, they will ensure that you can get a report that suits your needs.

 

About Us:

GlobaI Info Research(GIR) is a report publisher, a customer, interest-based suppliers. Focusing on customized research, management consulting,IPO consulting,industry chain research, data base & top industries Serviceses well.The company owns large basic databases (such as National Bureau of Statistics Datbase, Customs import and Export Database, Industry Association Database, etc.), Expert resources (including industry experts who own more than 10 years experiences on marketing or R&D in dustries of energy, automotive, chemicals, medical ICT consumer goods, etc.)

 

Contact US

Global Info Research

E-mail::[email protected]

Tel:  +86-17665052062      00852-58197708(HK)

Add:FLAT/RM A 9/F SILVERCORP INTERNATIONAL TOWER 707-713 NATHAN ROAD MONGKOK KL HONG KONG

Website:http://www.globalinforesearch.com

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts