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Ready Mix Mortars Market By Sales Channel (Online, Offline), By Application (Waterproofing Mortar, Concrete Repair & Protection Mortars, Others) By End User (Residential, Non-Residential) : Global Opportunity Analysis and Industry Forecast, 2024-2033

July 2024 | 243 pages | ID: R3BE91302D9CEN
Allied Market Research

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The ready mix mortars market was valued at $48.7 billion in 2023, and is projected t%li%reach $90.6 billion by 2033, growing at a CAGR of 6.4% from 2024 t%li%2033.

Ready mix mortar is a pre-mixed formulation of sand, cement, and other essential components that ensure consistency in construction projects. This product ensures uniformity, reduces material waste, and enhances work efficiency, making it an ideal choice for both residential and commercial projects. By offering superior bonding strength and durability, ready mix mortar caters t%li%the evolving needs of the construction industry, promoting streamlined operations and ensuring reliable performance.

The growth of the global ready mix mortars market is majorly driven by expansion of the construction industry, including residential, commercial, and industrial sectors. In addition, rapid urbanization and rise in preference of prefabrication and modular construction methods, which rely heavily on ready mix mortars for their consistent quality and ease of use, notably contribute toward the market growth. As per the estimates of the World Bank Group, 2023, presently, approximately 4.4 billion inhabitants live in urban areas. The world's urban population is expected t%li%reach 6 billion by 2045, thus driving significant construction activities in cities and urban centers. Moreover, increase in emphasis on energy-efficient buildings is fostering the demand for ready mix mortars that contribute t%li%better insulation and energy performance of structures. Furthermore, rise in adoption of sustainable practices is significantly contributing toward the market growth. For instance, products incorporating recycled materials, low-volatile organic compounds additives, and those that reduce carbon footprints are gaining popularity. According t%li%the Global Alliance for Buildings and Construction, buildings account for nearly 39% of global carbon emissions. The push for greener building materials, including eco-friendly ready mix mortars, is expected t%li%reduce emissions by up t%li%30% by 2030. However, high initial investment costs associated with ready mix mortar production acts as the key deterrent factor of the global market. On the contrary, manufacturers are focusing on the development and use of advanced chemical additives that improve properties such as workability, setting time, and strength are on the rise. This includes innovations like self-healing mortars and mortars with enhanced insulation properties. Such developments are expected t%li%open new avenues for the growth of the global market during the forecast period.

The global ready mix mortars market overview is segmented int%li%sales channel, application, and end user. By sales channel, the market is bifurcated int%li%online and offline. On the basis of application, it is categorized int%li%waterproofing mortar, concrete repair & protection mortars, and others. Depending on end user, it is classified int%li%residential and non-residential. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and Latin America, and Middle East & Africa.

Key Findings

By sales channel, in 2023, the offline segment held the highest share in the ready mix mortar market.

On the basis of application, the concrete repair & protection mortars segment was the major shareholder in 2023.

Depending on end user, the non-residential segment exhibited the highest growth, in terms of share, in 2023.

Region wise, Asia-Pacific is expected t%li%maintain its dominance in the ready mix mortar market by 2033.

Competition Analysis

Competitive analysis and profiles of the major players in the global ready mix mortars market include Heidelberg Cement AG, MBCC Group, Inc., Cemex Concrete, Tremc%li%CPG Inc., Saint-Gobain, Ardex Group, Travis Perkins plc., Laticrete International Inc., ACC Ltd., and THE RAMCO CEMENTS LIMITED. These major players have adopted various key development strategies such as business expansion, new product launches, and partnerships t%li%strengthen their foothold in the global market.

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  • Manufacturing Capacity
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Key Market Segments

By Sales Channel
  • Online
  • Offline
By Application
  • Waterproofing Mortar
  • Concrete Repair Protection Mortars
  • Others
By End User
  • Residential
  • Non-Residential
By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • France
  • Germany
  • Italy
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia-Pacific
  • Latin America
  • Brazil
  • Argentina
  • Colombia
  • Rest of Latin America
  • Middle East Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East Africa
  • Key Market Players
  • Heidelberg Cement AG
  • MBCC Group, Inc.
  • cemex concrete
    • Tremc%li%CPG Inc.
  • Saint-Gobain
  • Ardex Group
  • Travis Perkins plc.
  • Laticrete International Inc.
  • ACC Ltd.
  • THE RAMCO CEMENTS LIMITED
CHAPTER 1: INTRODUCTION

1.1. Report Description
1.2. Key Market Segments
1.3. Key Benefits
1.4. Research Methodology
  1.4.1. Primary Research
  1.4.2. Secondary Research
  1.4.3. Analyst Tools and Models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET LANDSCAPE

3.1. Market Definition and Scope
3.2. Key Findings
  3.2.1. Top Investment Pockets
  3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
  3.3.1. Bargaining Power of Suppliers
  3.3.2. Threat of New Entrants
  3.3.3. Threat of Substitutes
  3.3.4. Competitive Rivalry
  3.3.5. Bargaining Power among Buyers
3.4. Market Dynamics
  3.4.1. Drivers
  3.4.2. Restraints
  3.4.3. Opportunities

CHAPTER 4: INSURANCE MARKET, BY TYPE

4.1. Market Overview
  4.1.1 Market Size and Forecast, By Type
4.2. Life Insurance
  4.2.1. Key Market Trends, Growth Factors and Opportunities
  4.2.2. Market Size and Forecast, By Region
  4.2.3. Market Share Analysis, By Country
4.3. General Insurance
  4.3.1. Key Market Trends, Growth Factors and Opportunities
  4.3.2. Market Size and Forecast, By Region
  4.3.3. Market Share Analysis, By Country

CHAPTER 5: INSURANCE MARKET, BY DISTRIBUTION CHANNEL

5.1. Market Overview
  5.1.1 Market Size and Forecast, By Distribution Channel
5.2. Insurers
  5.2.1. Key Market Trends, Growth Factors and Opportunities
  5.2.2. Market Size and Forecast, By Region
  5.2.3. Market Share Analysis, By Country
5.3. Insurance Brokers And Agencies
  5.3.1. Key Market Trends, Growth Factors and Opportunities
  5.3.2. Market Size and Forecast, By Region
  5.3.3. Market Share Analysis, By Country
5.4. Banks
  5.4.1. Key Market Trends, Growth Factors and Opportunities
  5.4.2. Market Size and Forecast, By Region
  5.4.3. Market Share Analysis, By Country
5.5. Others
  5.5.1. Key Market Trends, Growth Factors and Opportunities
  5.5.2. Market Size and Forecast, By Region
  5.5.3. Market Share Analysis, By Country

CHAPTER 6: INSURANCE MARKET, BY REGION

6.1. Market Overview
  6.1.1 Market Size and Forecast, By Region
6.2. North America
  6.2.1. Key Market Trends and Opportunities
  6.2.2. Market Size and Forecast, By Type
  6.2.3. Market Size and Forecast, By Distribution Channel
  6.2.4. Market Size and Forecast, By Country
  6.2.5. U.S. Insurance Market
    6.2.5.1. Market Size and Forecast, By Type
    6.2.5.2. Market Size and Forecast, By Distribution Channel
  6.2.6. Canada Insurance Market
    6.2.6.1. Market Size and Forecast, By Type
    6.2.6.2. Market Size and Forecast, By Distribution Channel
6.3. Europe
  6.3.1. Key Market Trends and Opportunities
  6.3.2. Market Size and Forecast, By Type
  6.3.3. Market Size and Forecast, By Distribution Channel
  6.3.4. Market Size and Forecast, By Country
  6.3.5. UK Insurance Market
    6.3.5.1. Market Size and Forecast, By Type
    6.3.5.2. Market Size and Forecast, By Distribution Channel
  6.3.6. Germany Insurance Market
    6.3.6.1. Market Size and Forecast, By Type
    6.3.6.2. Market Size and Forecast, By Distribution Channel
  6.3.7. France Insurance Market
    6.3.7.1. Market Size and Forecast, By Type
    6.3.7.2. Market Size and Forecast, By Distribution Channel
  6.3.8. Italy Insurance Market
    6.3.8.1. Market Size and Forecast, By Type
    6.3.8.2. Market Size and Forecast, By Distribution Channel
  6.3.9. Spain Insurance Market
    6.3.9.1. Market Size and Forecast, By Type
    6.3.9.2. Market Size and Forecast, By Distribution Channel
  6.3.10. Rest of Europe Insurance Market
    6.3.10.1. Market Size and Forecast, By Type
    6.3.10.2. Market Size and Forecast, By Distribution Channel
6.4. Asia-Pacific
  6.4.1. Key Market Trends and Opportunities
  6.4.2. Market Size and Forecast, By Type
  6.4.3. Market Size and Forecast, By Distribution Channel
  6.4.4. Market Size and Forecast, By Country
  6.4.5. China Insurance Market
    6.4.5.1. Market Size and Forecast, By Type
    6.4.5.2. Market Size and Forecast, By Distribution Channel
  6.4.6. Japan Insurance Market
    6.4.6.1. Market Size and Forecast, By Type
    6.4.6.2. Market Size and Forecast, By Distribution Channel
  6.4.7. India Insurance Market
    6.4.7.1. Market Size and Forecast, By Type
    6.4.7.2. Market Size and Forecast, By Distribution Channel
  6.4.8. Australia Insurance Market
    6.4.8.1. Market Size and Forecast, By Type
    6.4.8.2. Market Size and Forecast, By Distribution Channel
  6.4.9. South Korea Insurance Market
    6.4.9.1. Market Size and Forecast, By Type
    6.4.9.2. Market Size and Forecast, By Distribution Channel
  6.4.10. Rest of Asia-Pacific Insurance Market
    6.4.10.1. Market Size and Forecast, By Type
    6.4.10.2. Market Size and Forecast, By Distribution Channel
6.5. Latin America
  6.5.1. Key Market Trends and Opportunities
  6.5.2. Market Size and Forecast, By Type
  6.5.3. Market Size and Forecast, By Distribution Channel
  6.5.4. Market Size and Forecast, By Country
  6.5.5. Argentina Insurance Market
    6.5.5.1. Market Size and Forecast, By Type
    6.5.5.2. Market Size and Forecast, By Distribution Channel
  6.5.6. Brazil Insurance Market
    6.5.6.1. Market Size and Forecast, By Type
    6.5.6.2. Market Size and Forecast, By Distribution Channel
  6.5.7. Colombia Insurance Market
    6.5.7.1. Market Size and Forecast, By Type
    6.5.7.2. Market Size and Forecast, By Distribution Channel
  6.5.8. REST of Latin America Insurance Market
    6.5.8.1. Market Size and Forecast, By Type
    6.5.8.2. Market Size and Forecast, By Distribution Channel
6.6. MEA
  6.6.1. Key Market Trends and Opportunities
  6.6.2. Market Size and Forecast, By Type
  6.6.3. Market Size and Forecast, By Distribution Channel
  6.6.4. Market Size and Forecast, By Country
  6.6.5. Saudi Arabia Insurance Market
    6.6.5.1. Market Size and Forecast, By Type
    6.6.5.2. Market Size and Forecast, By Distribution Channel
  6.6.6. South Africa Insurance Market
    6.6.6.1. Market Size and Forecast, By Type
    6.6.6.2. Market Size and Forecast, By Distribution Channel
  6.6.7. UAE Insurance Market
    6.6.7.1. Market Size and Forecast, By Type
    6.6.7.2. Market Size and Forecast, By Distribution Channel
  6.6.8. Rest of MEA Insurance Market
    6.6.8.1. Market Size and Forecast, By Type
    6.6.8.2. Market Size and Forecast, By Distribution Channel

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top Winning Strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top Player Positioning, 2023

CHAPTER 8: COMPANY PROFILES

8.1. UnitedHealth Group Incorporated
  8.1.1. Company Overview
  8.1.2. Key Executives
  8.1.3. Company Snapshot
  8.1.4. Operating Business Segments
  8.1.5. Product Portfolio
  8.1.6. Business Performance
  8.1.7. Key Strategic Moves and Developments
8.2. Centene Corporation
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Operating Business Segments
  8.2.5. Product Portfolio
  8.2.6. Business Performance
  8.2.7. Key Strategic Moves and Developments
8.3. Elevance Health, Inc.
  8.3.1. Company Overview
  8.3.2. Key Executives
  8.3.3. Company Snapshot
  8.3.4. Operating Business Segments
  8.3.5. Product Portfolio
  8.3.6. Business Performance
  8.3.7. Key Strategic Moves and Developments
8.4. AXA S.A.
  8.4.1. Company Overview
  8.4.2. Key Executives
  8.4.3. Company Snapshot
  8.4.4. Operating Business Segments
  8.4.5. Product Portfolio
  8.4.6. Business Performance
  8.4.7. Key Strategic Moves and Developments
8.5. Allianz SE
  8.5.1. Company Overview
  8.5.2. Key Executives
  8.5.3. Company Snapshot
  8.5.4. Operating Business Segments
  8.5.5. Product Portfolio
  8.5.6. Business Performance
  8.5.7. Key Strategic Moves and Developments
8.6. State Farm Group
  8.6.1. Company Overview
  8.6.2. Key Executives
  8.6.3. Company Snapshot
  8.6.4. Operating Business Segments
  8.6.5. Product Portfolio
  8.6.6. Business Performance
  8.6.7. Key Strategic Moves and Developments
8.7. Progressive Corporation
  8.7.1. Company Overview
  8.7.2. Key Executives
  8.7.3. Company Snapshot
  8.7.4. Operating Business Segments
  8.7.5. Product Portfolio
  8.7.6. Business Performance
  8.7.7. Key Strategic Moves and Developments
8.8. HDI V.a.G.
  8.8.1. Company Overview
  8.8.2. Key Executives
  8.8.3. Company Snapshot
  8.8.4. Operating Business Segments
  8.8.5. Product Portfolio
  8.8.6. Business Performance
  8.8.7. Key Strategic Moves and Developments
8.9. Zurich Ins Group
  8.9.1. Company Overview
  8.9.2. Key Executives
  8.9.3. Company Snapshot
  8.9.4. Operating Business Segments
  8.9.5. Product Portfolio
  8.9.6. Business Performance
  8.9.7. Key Strategic Moves and Developments
8.10. MetLife Inc.
  8.10.1. Company Overview
  8.10.2. Key Executives
  8.10.3. Company Snapshot
  8.10.4. Operating Business Segments
  8.10.5. Product Portfolio
  8.10.6. Business Performance
  8.10.7. Key Strategic Moves and Developments


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