Concrete Repair Mortars Market Size, Industry & Landscape Outlook, Revenue Growth Analysis to 2027
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. Moreover, 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 is
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 contributed to their market popularity. The
construction industry is experiencing rapid expansion, with substantial
investment from both public and private players in infrastructure projects. The
growing construction maintenance sector is boosting demand for concrete repair
mortars, driven by the increasing preference for maintaining and restoring old
infrastructure over constructing new infrastructure from scratch. Such mortars
reinforce and repair structures by guarding against deterioration, cracks, and
exposure to water and chemical substances. They also exist for aesthetic fixes
and network re-profiling.
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Key participants include Pidilite Industries
Ltd., Fosroc International Ltd., The Euclid Chemical Company, BASF SE,
Saint-Gobain Weber S.A, SIKA AG, Flexcrete Technologies Ltd., Adhesive
Technology Corp., Remmers Baustofftechnik GmbH, and Mapei S.p.A., among others.
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 primarily 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.
The report further provides key insights into
the market share held by each product and application in the Concrete Repair
Mortars market. Moreover, it also offers radical information about growth
prospects and patterns. It also provides extensive coverage of the product
consumption of each application and product. The report also provides a pricing
analysis and growth trends for the key segments of the market.
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For the purpose of this report,
Reports and Data have segmented into the global Concrete Repair Mortars market
on the basis of product, end-user, application, and region:
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
The report explains the market share
and sales volume of each company, along with the key details of the operations
of these companies. The report further offers extensive coverage of their
product portfolio, business expansion plans, gross profit margins, revenue
contribution, investment plans, and financial standings. The report also covers
the strategic alliances observed within these key companies such as mergers and
acquisitions, joint ventures, corporate and government deals, partnerships and
agreements, and brand promotions and product launches.
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Furthermore, the research study gives
additional insights into the companies’ regional presence through extensive
regional analysis. The regional analysis covers the key geographical regions
such as North America, Latin America,
Europe, Asia-Pacific, and the Middle East & Africa. The regional
analysis segment covers details about the market share held by each region
along with the prospective growth opportunities and revenue generation. The
report also offers a projection of the growth rate for each region in the
entirety of the forecast timeline. It also offers a country-wise analysis to
impart a better understanding of the industry.
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