An increase in the investment in housing and transport infrastructure development and maintenance renovation of existing building structures is driving the Concrete Repair Mortars market.
The global Concrete Repair Mortars market is forecast to reach USD 3.65 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the road infrastructure sectors for manual applications owing to the properties, including impermeability, tensile strength, stress immunity, and thixotropy. Furthermore, they are also used to prevent corrosion of internal structural supports, resulting from unwanted water inflow. Furthermore, massive investments by the governments across various countries for the development of marine structures, long-lasting buildings, and roads are expected to drive the concrete repair mortars market. However, the rising new construction technology acts as a replacement for repair materials, which will hamper the demand for the market.
During the forecast period, the cementitious mortars are projected to be the most widely used type of concrete repair mortars, due to their lower cost compared to epoxy based mortars. They are also simple to use and can be used for structural, as well as non-structural repairs, which contributes to their market popularity. The construction industry is experiencing rapid expansion, with significant investment from both public and private players in infrastructure projects. The construction construction sector is increasing demand for concrete repair mortars driven by the increasing preference for maintaining growing and restoring old infrastructure over increasing new infrastructure from scratch. Such mortars reinforce and repair structures by guarding against deterioration, cracks, and exposure to water and chemical substances.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter's Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launch and brand promotions.
Key companies profiled in the report include:
Pidilite Industries Ltd., Fosroc International Ltd., The Euclid Chemical Company, BASF SE, Saint-Gobain Weber SA, SIKA AG, Flexcrete Technologies Ltd., Adhesive Technology Corp., Remmers Baustofftechnik GmbH, and Mapei SpA, among others.
Market Segmentation by Types:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Cementitious
- Epoxy-based mortars
End-User Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Utility Industries
- Marine Structures
- Road Infrastructure
- Buildings Car Park Constructions
- Others
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Manual
- Spraying
- Pouring
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Concrete Repair Mortars market in each region for the forecast period of 2021-2028. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of MEA
Further key findings from the report suggest
- Based on type, Epoxy-Based Mortars generated a revenue of USD 0.34 billion in 2019 and expected to grow with a CAGR of 3.1% in the forecast period, owing to its superior fundamental characteristics such as flexibility, durability, stain-proof, and are superior used to repair cracked or broken concrete flooring, providing additional concrete strength and making it useful for a longer duration.
- The road infrastructure sectors are expected to grow with a CAGR of 4.9% in the forecasted period, as good quality roads reduce transportation time, as well as its costs. It is also necessary to periodically maintain the road infrastructure to prevent mishaps or accidents.
- The manual application is the major contributor to the market. The manual application of the Asia Pacific region is the major Shareholder of the market and held around 55.7% of the market in the year 2019 as it can be used for both vertical and horizontal building repair typically used for cracks with a depth of 10–75 mm.
- The Asia Pacific dominated the market in 2019. The consistent focus of the region on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific area controlled approximately 36.0% of the market, followed by North America, which contains around 28.0% market in the year 2019.
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