Polymer Modified Cementitious Mortar Market Report 2025

The polymer modified cementitious mortar market size has grown strongly in recent years. It will grow from $3.25 billion in 2024 to $3.48 billion in 2025 at a compound annual growth rate (CAGR) of 7%. The growth during the historic period can be attributed to infrastructure development in emerging economies, increased urbanization and housing projects, rising demand for waterproofing solutions, growing renovation and repair activities, and government investments in public construction.

The polymer modified cementitious mortar market size is expected to see strong growth in the next few years. It will grow to $4.5 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth projected for the forecast period is driven by the expansion of green building initiatives, rising demand for energy-efficient structures, increased use in marine and industrial applications, growth of smart city projects, and a growing preference for ready-to-use products. Key trends in the forecast period include advancements in product formulation, a shift toward sustainable and low-carbon mortars, integration of nanotechnology in formulations, 3D printing in construction, and the development of lightweight, high-performance mortars.

The increase in infrastructure investments is expected to drive the growth of the polymer modified cementitious mortar market in the coming years. Infrastructure investments refer to expenditures by the public or private sectors on the construction, enhancement, and upkeep of physical structures such as roads, bridges, buildings, and utilities. This upward trend in investment is largely driven by rapid urban development, as growing cities demand extensive construction of transport systems, residential housing, and public facilities to support expanding populations and economic activity. These investments boost demand for polymer modified cementitious mortar by increasing the need for high-performance construction materials that offer improved strength, durability, and resistance in key infrastructure projects. For example, in July 2024, the Office for National Statistics (ONS) reported that infrastructure sector investment in the UK reached $17.3 billion (£13.8 billion) in 2023 at constant prices, reflecting a 3.9% increase from 2022. As a result, rising infrastructure investments are fueling the growth of the polymer modified cementitious mortar market.

Leading companies in the polymer modified cementitious mortar market are focusing on innovative approaches, such as developing integrated facilities that combine laboratories and logistics, to improve product development, quality control, and distribution efficiency. These integrated facilities bring together manufacturing, testing, and supply chain functions at one location, which helps streamline operations, speed up product innovation and quality assurance, and ensure quicker and more effective delivery to customers. For instance, in June 2023, Sika AG, a Switzerland-based specialty chemicals company, opened a new integrated facility in Kharagpur, India. This site was established primarily to produce mortar products, concrete admixtures, and shotcrete accelerators for customers in the West Bengal region, home to more than 100 million people. The facility incorporates advanced manufacturing lines, laboratories, office space, warehousing, and logistics operations, enabling efficient production and product delivery.

In June 2024, Sika AG, a specialty chemicals company based in Switzerland, acquired Chema for an undisclosed sum. Through this acquisition, Sika aims to strengthen its position in the rapidly growing mortar market in Peru by broadening its product offering, improving distribution through Chema’s facilities across the country, and creating opportunities for cross-selling complementary products such as sealants and waterproofing solutions. Chema, formally known as Chem Masters del Perú S.A., is a Peru-based manufacturer specializing in polymer modified cementitious mortar.

Major players in the polymer modified cementitious mortar market are Compagnie de Saint-Gobain S.A., Larsen & Toubro Limited, Henkel AG & Co. KGaA, Cemix Products Limited, Sika AG, Mapei S.p.A., Asian Paints Limited, H.B. Fuller Construction Products Inc., Pidilite Industries Limited, MC-Bauchemie Müller GmbH & Co. KG, Fosroc International Limited, ARDEX GmbH, LATICRETE International Inc., Baumit GmbH, Kerakoll S.p.A., Terraco Holdings Ltd., MYK LATICRETE India Private Limited, KÖSTER BAUCHEMIE AG, Chemistik India Limited, Bronco Buildwell Pvt. Ltd.

North America was the largest region in the polymer modified cementitious mortar market in 2024. The regions covered in polymer modified cementitious mortar report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the polymer modified cementitious mortar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the construction sector, particularly in materials procurement and project costs. Higher duties on imported steel, aluminum, lumber, and machinery have driven up expenses for builders, contractors, and infrastructure developers, leading to increased project bids and delayed timelines. Construction equipment manufacturers face similar challenges, with tariffs on essential components and raw materials inflating production costs and squeezing margins. Additionally, retaliatory tariffs in international markets have curtailed exports of U.S.-made construction equipment and materials, further affecting profitability. The sector must now prioritize local sourcing, modular construction techniques, and supply chain diversification to control costs and ensure project viability amid ongoing trade uncertainties.

Polymer modified cementitious mortar is a mixture of cement, sand, water, and polymer additives that improve the mortar’s performance characteristics. It is used to enhance adhesion, flexibility, water resistance, and durability in applications such as tile installation, concrete repair, and waterproofing.

The primary types of polymer modified cementitious mortar include homo complex, copolymer, and other variants. Homo complex mortars are formulated with homopolymers derived from a single monomer, providing improved bonding strength, adhesion, and water resistance. The formulations include latex-modified, polymer-modified, vinyl ester-modified, and acrylic-modified types. These mortars are applied in flooring, masonry, repair work, coatings, and general construction, serving various end-users across residential, commercial, industrial, infrastructure, and institutional sectors.

The polymer modified cementitious mortar market research report is one of a series of new reports that provides polymer modified cementitious mortar market statistics, including the polymer modified cementitious mortar industry global market size, regional shares, competitors with the polymer modified cementitious mortar market share, detailed polymer modified cementitious mortar market segments, market trends, and opportunities, and any further data you may need to thrive in the polymer modified cementitious mortar industry. These polymer modified cementitious mortar market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The polymer modified cementitious mortar market consists of sales of self-leveling compounds, repair mortars, waterproofing mortars, skim coats, masonry mortars, and façade renders. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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