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


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.

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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.

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