The Global Mortar Market was valued at USD 22274.70 Million in the year 2020
Asia Pacific region holds the major market share with countries such as China, Japan and India being the major contributors to the regional market. Increase in the use of mortar in the region, especially in China, is the major growth-driving factor.
Dry Mortar segment is expected to hold slightly larger share of Mortar market. The factors can be attributed to their benefits such as easy portability of the materials, easy to use, mobility and flexibility to use it anywhere in construction. The future of the dry mix mortar market looks promising with opportunities in the residential and non-residential industries.
Hub Motor Market A Well-Defined Technological Growth Map With An Impact-Analysis 2020 – 2030
Environmental Concerns and High Demand for Lightweight Vehicles to Aid Market Growth
tmrMay 3, 2021 2
The automotive sector over the past couple of decades has witnessed consistent developments in terms of technology and innovations due to a host of factors. Mounting environmental concerns have compelled regulatory authorities around the world to put forward stringent regulations that safeguard the environment. Automotive companies are increasingly focusing on minimizing air pollution and depletion of conventional fossil fuels to gain a competitive edge in the hub motor market for electric vehicle. In their efforts to attain these objectives, automotive companies are pinning their hopes on electric and hybrid hub motors due to which, the demand for hub motors is expected to scale up during the forecast period.