Concrete construction strengthening, restoration, and reconstruction are becoming more well-known in the construction and renovation industry. In hot weather, mortar hardens quickly. The evaporation of moisture in Portland cement mortars is accelerated by hot, dry conditions that work in its favor. The application of cool water, windbreaks, and fog spark supports the repair mortars in the hot-dry state.
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Global Concrete Repair Mortars Market is expected to reach USD 3,068.56 million by 2028 from USD 2,220.48 million in 2020, growing with a steady CAGR of 4.4% in the forecast period of 2021 to 2028. Several advantages associated with concrete repair mortars include considerable rise in construction activities across the globe. In order to fulfill the growing demand for concrete repair mortars products in the infrastructure and residential industry and widen their reach, some companies are expanding their production capacities and launching products across different regions.
Increasing urbanization and a growing population across the world will drive the market's growth rate
According to the World Economic Forum, construction is a significant business in Asia, as countries across the rapidly developing region work to bind their futures. China spends about 8% of its GDP on infrastructure, and with its ambitious COVID-19 recovery plans, the figure is only expected to rise. The construction industry in India currently has a 9 percent share of its gross domestic product (GDP). India's construction market is forecast to become the third-largest in the world by 2025. China spends about 8% of its GDP on infrastructure, and with the country's ambitious coronavirus recovery plans, that figure is only expected to rise. Thus, with urbanization, the construction industry is set to boom, which will also help the concrete repair mortars market globally.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2021 to 2028
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Base Year
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2020
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Historic Years
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2029 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Cementitious Concrete Repair Mortars, Epoxy Concrete Repair Mortars and Epoxy Resin-Based Concrete), Grade (Structural and Non-Structural), Application Method (Hand Applied Concrete Repair Mortars, Machine Applied / Sprayed Concrete Repair Mortars, Poured / Flow Applied Concrete Repairs (Re-Casting Concrete Repairs), Levelling / Fairing Mortars for Concrete Repairs And Protective surface Coatings for Concrete), Industry (Residential, Commercial, Industrial and Infrastructure)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Saint-Gobain (U.S.), Adhesives Technology Corporation (ATC), W. R. Meadows, Inc. (U.S.), ARDEX AMERICAS (U.S.), Garon Products Inc. (U.S.), MC-Bauchemie (Germany), The Euclid Chemical Company (U.S.), Remmers Limited, (U.K.) Chembond Chemicals Limited (India), TCC Materials (U.S.), Ronacrete Ltd (U.K.), Pidilite Industries Ltd. (India), Master Builders Inc. (India), Fosroc, Inc. (U.K.), Sika AG (Switzerland), Flexcrete Technologies Ltd (U.K.), and MAPEI S.p.A. (Italy) among others
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis
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Segment Analysis:
Global concrete repair mortars market is segmented into four notable segments which are based on the type, grade, application method and industry.
- On the basis of type, the concrete repair mortars market is segmented into cementitious concrete repair mortars, epoxy concrete repair mortars and epoxy resin-based concrete. In 2021, cementitious concrete repair mortars segment is expected to dominate global concrete repair mortars market with 59.10% market share as cementitious material can be used on any surface and shaped easily according to application, which increases its demand globally.
- On the basis of grade, the concrete repair mortars market is segmented into structural and non structural. In 2021, structural segment is expected to dominate global concrete repair mortars market with 87.56% market share as structural is used in the construction and repair of infrastructure.
- On the basis of application method, the concrete repair mortars market is segmented into hand applied concrete repair mortars, machine applied / sprayed concrete repair mortars, poured / flow applied concrete repairs (re-casting concrete repairs), levelling / fairing mortars for concrete repairs and protective surface coatings for concrete. In 2021, hand applied concrete repair mortars segment is expected to dominate global concrete repair mortars market with 39.44% market share as this method is cost effective, increasing its demand globally.
The hand applied concrete repair mortars segment will dominate the application method segment of the concrete repair mortars market
The hand applied concrete repair mortars segment will emerge as the dominating segment under application method. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the chemicals and materials industry all around the globe will further bolster the growth of this segment.
- On the basis of industry, the concrete repair mortars market is segmented into residential, commercial, industrial and infrastructure. In 2021, infrastructure segment is expected to dominate global concrete repair mortars market with 41.01% market share on account of increasing construction and renovation of old bridge and dams.
The infrastructure segment will dominate the distribution channel segment of the concrete repair mortars market
The infrastructure segment will emerge as the dominating segment industry segment. This is because of the growing number of distributors and manufacturers in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in market: Saint-Gobain (U.S.), Adhesives Technology Corporation (ATC), W. R. Meadows, Inc. (U.S.), ARDEX AMERICAS (U.S.), Garon Products Inc. (U.S.), MC-Bauchemie (Germany), The Euclid Chemical Company (U.S.), Remmers Limited, (U.K.) Chembond Chemicals Limited (India), TCC Materials (U.S.), Ronacrete Ltd (U.K.), Pidilite Industries Ltd. (India), Master Builders Inc. (India), Fosroc, Inc. (U.K.), Sika AG (Switzerland), Flexcrete Technologies Ltd (U.K.), and MAPEI S.p.A. (Italy).
Market Development
- In July 2020, Aquafin decided to launch new product named REBAR PRIMER/BOND-CI, which can be used as a bonding agent for concrete repair mortars or fresh concrete. This development helps the company to increase revenue and product portfolio.
- In October 2019, ARDEX AMERICAS expanded its business by venturing with Ceramfix, Brazil. Ceramfix is a leading manufacturer of products for the installation of ceramic tiles, including mortars, tile adhesives, grouts, waterproofing, and accessories. This development helps the company to increase the revenue.
- In March 2018, Fosroc, Inc. decided to launch the New Solution for Highway Repairs with the product name Patchroc 250. The product is ideal for external works and can be left as a trafficable finish for use within two hours. This development helps the company to increase revenue.
Regional Analysis
Geographically, the countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in concrete repair mortars market during the forecast period 2021 to 2028
Asia-Pacific dominates the concrete repair mortars market as in China, the production and consumption of concrete repair mortars are increasing in the region. China is leading the growth of the Asia-Pacific market due to easy production of cementitious products.
North America is estimated to be the fastest growing region in concrete repair mortars market the forecast period 2021 to 2028
U.S. is dominating the North America market due to more regulations for the renovation of old buildings and increasing renovation of bridges and roads in the region.
COVID-19 Impact
The deteriorating state of current residential infrastructure and demand on existing infrastructure due to population growth are major factors influencing the industry under study. On the other hand, the market's expansion is being hampered by strict building code rules and a production halt brought on by the COVID-19 outbreak. Housing markets are adjusting against a uncertain COVID-19 background. Construction sites are still operating in many areas because the government considers employees to be a necessary service. This is anticipated to have a favorable effect on market expansion.
For more detailed information about the concrete repair mortars market, visit: https://www.databridgemarketresearch.com/reports/global-concrete-repair-mortars-market
