Global Concrete Repair Mortars Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Concrete Repair Mortars Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global concrete repair mortars market report has been segmented on the basis of type, application method, end-use industries, and region.
Concrete repair mortar utilized for repairing and protecting of concrete structures. Concrete repair mortar offers protection against cracking, corrosion, and chemical anchoring. Concrete repair mortar aid to maintains moisture content in the structure and restoration of concrete structures through profiling them again. Concrete repair mortars offer features including shrinkage tendencies and low cracking, impermeability, and high bond strength, density, and tensile strength to structures. These mortars have numerous applications in the end-use industries such as infrastructure, marine structures, building, and road.
Increasing adoption for concrete repair mortars across numerous end-use industries including building and road and infrastructure is a factor expected to drive the global market growth. Moreover, increasing demand for concrete repair mortars from utility industries and marine structure is a key factor expected to propel the global concrete repair mortars market growth.
Moreover, rapid growth in government investments in the construction sector and high spending on maintenance and repair work are among other factor expected to fuel the global market growth. Increasing demand for the concrete repair mortars products in developing countries including India, China, and others is factor expected to drive the global market growth.
Growing demand for the polymer-modified mortar is another key factor expected to fuel growth of the global market. However, lack of awareness regarding benefits of the concrete repair mortars in various developing countries is a factor expected to restraint growth of the target market.
Among the type segments, the PMC mortar segment is expected to witness highest revenue share in the global concrete repair mortars market, owing to several advantages of polymer modification, such as tensile strength, high workability, and adhesion, among others. The PMC mortar segment revenue is anticipated to record fastest CAGR over the next few years.
Among the application method segments, the manual segment is projected to witness moderate revenue share in the global concrete repair mortars market, owing to convenient method of application, low cost, and easy availability. The manual segment revenue is anticipated to record highest CAGR.
Among the end-use industries segments, the building and car park segment is expected to witness major revenue share in the global concrete repair mortars market, owing to rising demand for high volume requirement of these repair mortars in refurbishment and repair of residential and commercial buildings. The building and car park segment revenue is expected to register fastest growth rate over the next few years.
The Asia Pacific concrete repair mortars market is expected to record major revenue share in the global concrete repair mortars market, owing to rising demand of concrete repair mortars from the construction and building and marine industries. The Asia Pacific market is projected to record highest revenue growth. This is attributed to increasing demand from road and infrastructure and utility industries in countries in region.
Global concrete repair mortars market segmentation:
Segmentation by Type:
- Polymer-modified cementitious mortar (PMC)
- Epoxy-based mortar
Segmentation by Application Method:
Segmentation by End-Use Industries:
- Building and Car Park
- Road and Infrastructure
- Utility Industries
- Marine Structure
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Sika AG
- Fosroc International Ltd.
- Saint-Gobain Weber S.A.
- BASF SE
- Mapei S.P.A.
- Pidilite Industries Ltd.
- Remmers Baustofftechnik GmbH
- Flexcrete Technology Ltd.
- The Euclid Chemical Company
- Adhesive Technology Corporation
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