The import of non-refractory mortars and concretes to the US is projected to grow from 251.87 million kilograms in 2024 to 293.96 million kilograms in 2028. This indicates a gradual increase with the volume predicted to rise by approximately 4.3% on average each year, based on the compound annual growth rate (CAGR). In the previous years leading up to 2024, actual data suggests a steady demand, reflecting a consistent upward trend. Given the economic conditions by the end of 2023, these forecasts highlight an anticipated expansion in the US market for these materials.
Future trends to monitor include:
- Potential shifts in construction activity which could impact demand for non-refractory mortars and concretes.
- Changes in global trade dynamics that might affect import volumes.
- Technological advancements and sustainability efforts that could influence the composition and use of these materials.
