The global polymer-modified cementitious mortar market size is expected to gain momentum owing to the rising product demand for several applications in the construction industry during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Polymer-Modified Cementitious Mortar Market, 2022-2029.” The product’s availability in the homo complex and copolymer categories and its outstanding properties of water resistance, temperature, and chemicals make it useful for various applications. The product is useful in manual, spraying, and pouring applications, which get further used in residential and commercial buildings.
The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement. There is hardly any sector that the war has left untouched, especially aggravating the business landscape of sectors ranging from aerospace to oil & gas. Amidst prevailing challenges, stakeholders are gearing to turn adversities into opportunities. However, soaring military aid for Ukraine could provide impetus to stakeholders. Meanwhile, it is to be noted that the relevant sanction could augment operating costs and disrupt industries.
Supply-chain Disruption to Hamper Growth
The polymer-modified cementitious mortar industry is a commercial marketplace hampered by the COVID-19 pandemic, witnessing a massive stagnation in its progress across the globe. The deflated demand caused due to the imposition of lockdown and other restrictions created hurdles for primary players driving the market. The market has been substantially impacted the supply chain and is present amidst unparalleled uncertainty. Nevertheless, as restoration commences in 2021, major players are retrieving their positions through production expansions and capacity utilization keeping in view the COVID-19 norms.
Based on type, the polymer-modified cementitious mortar market bifurcates into homo complex and copolymer. Based on application, the market segregates into manual, spraying, and pouring. By end-user, the market divides into residential buildings and commercial buildings. Finally, by geography, the market splits into Asia-Pacific, North America, Europe, Latin America, and Middle East & Africa.
What does the Report Offer?
The market research report for polymer-modified cementitious mortar offers integrated information on the key drivers, constraints, and opportunities driving industry growth. The research goes on to generate data volume by component, end consumer, and demographic. Growth drivers, opportunities, challenges, restrictions, and crucial developments are among them.
Drivers & Restraints-
Increasing Demand from Construction Industry to Prosper the Market
The polymer-modified cementitious mortar market growth is likely to broaden owing to the rapidly increasing product demand in the construction industry. The acquisition of interior and exterior designing in residential and commercial buildings, research and development, and amenities with the buildings for better problem resolutions are likely to flourish the market. In interior situations, the product finds its usage in fixing tiles and natural stones. Similarly, the product is highly utilized in vitrified tiles, external cladding, glass mosaics, and swimming pools in the exterior. However, the increased demand reduces the availability of the product, which may obstruct market growth.
Rising Product Usage to Uplift Growth in Asia Pacific
Asia Pacific holds the dominant polymer-modified cementitious mortar market share, owing to the rising product demand in the pouring application and rapid usage in the construction industry during the projected period.
Europe is likely to hold the second-largest market share, owing to the increasing product inclination in commercial buildings such as schools, offices, and college buildings.
Technological Innovations to Strengthen Players’ Industry Stance
Presence of dominant market participants and the primary emerging market trends; the industry has moderate to high entry barriers. The design innovations, partnerships, mergers, acquisitions, porters five forces analysis, and insights on regulatory scenarios drive the polymer-modified cementitious mortar industry.
August 2021:SpecChem, LLC, a leading manufacturer of quality concrete construction building materials, declared the acquisition of CGM, Incorporated (CGM Building Products), a Pennsylvania-based manufacturer of ultra-high-performance cementitious building products.
List of Key Players Profiled in the Global Market for Polymer-Modified Cementitious Mortar Market:
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