Plastering Mortars Market Research Report includes Analysis on Market Size, Share and Growth rate at 9.4% CAGR Forecasted from 2024 to 2031
The "Plastering Mortars Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Plastering Mortars market is expected to grow annually by 9.4% (CAGR 2024 - 2031).
This entire report is of 146 pages.
Plastering Mortars Introduction and its Market Analysis
The global plastering mortars market is experiencing steady growth driven by increasing construction activities worldwide. Plastering mortars are widely used in construction for finishing and decorating walls and ceilings. Major players such as Saint-Gobain Weber, Materis, Sika, and Mapei are leading the market with their innovative products and strong distribution networks. Other key players include BASF, Bostik, Knauf, and HB Fuller. The market is also seeing rapid growth in Asia Pacific and Middle East regions. The main findings of the report highlight the market's potential for growth and recommend companies to invest in research and development to stay competitive.
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As the construction industry continues to grow, the demand for plastering mortars is also on the rise. The Plastering Mortars market can be segmented into various types including Premixed Mounting Mortars, Premixed Rush Coats, and Premixed Plasters. These products find application in the construction industry, home decoration industry, and other sectors. Regulatory and legal factors play a crucial role in shaping the market conditions for Plastering Mortars. Companies operating in this market need to adhere to strict regulations and standards to ensure the safety and quality of their products. Understanding and complying with these factors is essential for businesses looking to succeed in the competitive plastering mortars market. With the right strategies and a focus on quality, companies can capitalize on opportunities in this growing market segment.
Top Featured Companies Dominating the Global Plastering Mortars Market
The plastering mortars market is highly competitive with several key players dominating the market. Some of the major companies operating in the global plastering mortars market include Saint-Gobain Weber, Materis, Sika, Henkel, Mapei, Sto, Ardex, BASF, Baumit, Bostik, Knauf, CBP, Caparol, Cemex, HB Fuller, Quick-mix, Dryvit Systems, Hanil Cement, AdePlast, Forbo, CPI Mortars, and Grupo Puma.
These companies offer a wide range of products and solutions for various applications in the construction industry. They provide high-quality plastering mortars that are used for bonding, finishing, and repairing walls and other surfaces. These companies leverage their expertise in research and development to introduce innovative products that cater to the evolving needs of the market.
These companies play a crucial role in driving the growth of the plastering mortars market by investing in marketing and promotional activities, expanding their distribution network, offering customized solutions to customers, and entering into strategic partnerships and collaborations. They also focus on improving their product portfolio by launching new products with advanced features and functionalities.
In terms of sales revenue, companies like Saint-Gobain Weber, Sika, Mapei, and BASF are some of the leading players in the plastering mortars market. For example, Sika reported sales revenue of $ billion in 2020, while Mapei reported revenue of €2.7 billion in the same year.
Overall, these companies play a significant role in shaping the plastering mortars market by continuously innovating and improving their products and solutions, thereby driving the growth and expansion of the market.
- Saint-Gobain Weber
- Materis
- Sika
- Henkel
- Mapei
- Sto
- Ardex
- BASF
- Baumit
- Bostik
- Knauf
- CBP
- Caparol
- Cemex
- HB Fuller
- Quick-mix
- Dryvit Systems
- Hanil Cement
- AdePlast
- Forbo
- CPI Mortars
- Grupo Puma
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Plastering Mortars Market Analysis, by Type:
- Premixed Mounting Mortars
- Premixed Rush Coats
- Premixed Plasters
Premixed mounting mortars are used as a base coat for smooth surfaces, providing an adhesive layer for further plastering. Premixed rush coats are applied over the mounting mortar to create a rough surface for better adhesion of the final plaster layer. Premixed plasters are the final coats applied for a smooth and finished appearance. These types of plastering mortars offer convenience, consistency, and time-saving in construction projects, thus boosting the demand for plastering mortars in the market. Additionally, they ensure high-quality finishes and reduce labour costs, making them a popular choice among contractors and builders.
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Plastering Mortars Market Analysis, by Application:
- Construction Industry
- Home Decoration Industry
- Others
Plastering mortars are commonly used in the construction industry for finishing walls and ceilings, providing a smooth and durable surface. In the home decoration industry, plastering mortars are utilized to create decorative finishes, such as textured or polished surfaces. Additionally, plastering mortars are utilized in other applications such as restoration projects and art installations. The construction industry is the fastest growing application segment in terms of revenue, as the demand for infrastructure development and urbanization continues to rise globally. Plastering mortars are applied using a trowel or spray equipment, with various techniques employed to achieve different finishes.
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Plastering Mortars Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The plastering mortars market is expected to experience significant growth across regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). It is predicted that Asia-Pacific will dominate the market with a market share of around 40%, followed by North America with a market share of 25%. Europe and Latin America are also expected to show substantial growth, each capturing around 15% of the market share.
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