Mexico Mortar Market (2021-2027)
Market Forecast By Type (Wet Mixed Mortar, Dry Mortar), By Application (Construction Industry, Home Decoration Industry, Others) And Competitive Landscape
According to 6Wresearch, Mexico Mortar Market size is projected to grow at CAGR of 4.9% during 2021-27. Owing to the ongoing construction activities under government’s Infrastructure Development Plan with projects such as development of two Liquefied Natural Gas Terminals, expansion and modernization of Salina Cruz and Coatzacoalcos ports, developments of airports such as Los Cabos Airport, Puerto Vallarta Airport, Hermosillo Airport and many such projects would drive the Mexico mortar market in the coming years.
Mexico mortar market is expected to register a substantial growth over the forecast period on account of expanding commercial and industrial sector in the country. Mexican government in 2020, announced a $25.2 billion Infrastructure Development Plan with private sector companies to revive the economy that was severely hit by ongoing covid-19 pandemic. The mortar market in Mexico witnessed a decline in 2020 due to the outbreak of COVID-19 in the country that resulted in halt of construction sector activities as a result of the social distancing measures adopted by the government to curtail the spread of the virus. However, the mortar market witnessed growth in Q1 2021 as the economy resumed its operations, and the same trend is expected to prevail in the coming years.
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Market Analysis by Type
Based on product types, Dry Mixed Mortar acquired the largest revenue and volume share in Mexico Mortar Market in 2020 due to increasing consumer preference on account of its ready to use properties. Additionally, it is time saving, economical and provides a uniform and better surface finish.
Key Highlights of the Report
- Mexico Mortar Market Outlook
- Mexico Mortar Market Overview
- Mexico Mortar Market Forecast
- Market Drivers and Restraints
- Mexico Mortar Market Trends and Industry Life Cycle
- Porter’s Five Force Analysis
- Mexico Mortar Market Share, By Companies
- Market Competitive Benchmarking
- Value Chain & Ecosystem
- Market Opportunity Assessment
- Key Performance Indicators
- Company Profiles
- Key Strategic Recommendations
- Historical data & forecast of Mexico Mortar Market Revenues for the Period 2017-2027F
- Historical data & forecast of Mexico Mortar Revenues, By Product Type, End-User, and Regions for the Period 2017-2027F
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