Global Polymer-Modified Cementitious Mortar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Polymer-Modified Cementitious Mortar Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Polymer modified cementitious mortar is produced by mixing water with polymeric admixtures, Portland cement, and sand. The addition of polymer improves mortar’s performance and consequently can be utilized advantageously and economically in several applications.

Market Overview:

The latest research study on the global Polymer-Modified Cementitious Mortar market finds that the global Polymer-Modified Cementitious Mortar market reached a value of USD 1260.84 million in 2022. It’s expected that the market will achieve USD 1843.07 million by 2028, exhibiting a CAGR of 6.53% during the forecast period.

Factors Challenging the Market

High cost of use
Polymer-modified mortars are made by replacing some of the traditional binders with polymers. The cost of polymer is 10 times or even 100 times that of cement, so considering the cost problem, the amount of such materials should be minimized as much as possible. The problem of higher use costs may hinder the expansion of the product market.
Some polymers are toxic
Some polymers are toxic and odorous. Therefore, necessary protection measures should be taken during construction, and the use environment should be paid attention to. The possible toxicity of the product may cause certain adverse effects on the health of the construction workers, and may cause certain pollution to the environment. This requires relevant departments of the industry to formulate relevant usage specifications based on the characteristics of various polymers.

Region Overview:

From 2023-2028, Europe is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Saint Gobain, Sika AG, BASF with the revenue market share of 10.04%, 8.70% and 2.84% in 2019.

Saint-Gobain Group engages in the design, manufacturing, and distributing building materials internationally. The Company produces insulation systems, water supply systems, solar solutions and building materials for distribution.

Sika AG manufactures construction materials. The Company produces concrete and mixtures, mortar, sealants and adhesives, tooling resins, anti-static industrial flooring, and acoustic materials. Sika serves customers worldwide.

Segmentation Overview:

Among different product types, Homo Complex segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Waterproof segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Polymer-Modified Cementitious Mortar market covered in Chapter 3:

Remmers Gruppe AG
Euclid Chemical
Saint Gobain
Pidilite Industries Ltd.
Fosroc International Ltd.
BASF
Sika AG
Flexcrete Technologies
Quikrete
Adhesives Technology Corporation
Mapei S.p.A.

In Chapter 4 and Chapter 14.2, on the basis of types, the Polymer-Modified Cementitious Mortar market from 2018 to 2029 is primarily split into:

Homo Complex
Copolymer
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Polymer-Modified Cementitious Mortar market from 2018 to 2029 covers:

RMC
At Site
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)