Asia-Pacific Concrete Repair Mortars Market, By 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), Country (Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Hong Kong, Taiwan, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2028
Market Analysis and Insights: Asia-Pacific Concrete Repair Mortars Market
The concrete repair mortars market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.7% in the forecast period of 2021 to 2028 and is expected to reach USD 975,049.87 thousands by 2028. Increasing urbanization and growing population acts as a driver for the concrete repair mortars market in the forecast period.
Concrete repair mortars are type of material which is used for the repair of spalling caused by reinforcement corrosion in concrete structures. The concrete material have several properties due to which products are more used for natural structural defects which are caused due to building, settling and adjusting during extreme temperatures as well as damage caused by unexpected water ingress.
Increase in demand of environmental friendly building materials act as a driver for the concrete repair mortars market. Lack of skilled and qualified labour is acting as a restraint for the growth of the concrete repair mortars market. Growing demographics expected to bring opportunities for the significant growth for the concrete repair mortars market. Incompatibilities between the repair mortar and the host concrete are challenging the growth of the concrete repair mortars market.
This concrete repair mortars market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the concrete repair mortars market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Concrete Repair Mortars Market Scope and Market Size
The concrete repair mortars market is segmented on the basis of type, grade, application method and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- 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, the demand for the cementitious concrete repair mortars segment is more in China and India as due to increase in the construction and renovation of residential.
- On the basis of grade, the concrete repair mortars market is segmented into structural and non-structural. In 2021, structural segment is dominating as structural grade products have high strength and car load for longer duration which makes structural to dominate in the region.
- 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, the presence of large number of labor class is available which makes hand applied concrete repair mortars segment to dominate in the region.
- On the basis of industry, the concrete repair mortars market is segmented into residential, commercial, industrial and infrastructure. In 2021, the infrastructure segment is dominating due to large population in India and China increases the demand for the more roadways and bridges.
Asia-Pacific Concrete Repair Mortars Market Country Level Analysis
Asia-Pacific concrete repair mortars market is analysed and market size information is provided by the country, type, grade, application method and industry as referenced above.
The countries covered in the Asia-Pacific concrete repair mortars market report are the Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Malaysia, Indonesia, Hong Kong, Taiwan, Philippines and Rest of Asia-Pacific.
China is dominating in the Asia-Pacific concrete repair mortars market due to the large population which creates a large customer base in the region for the concrete repair mortars market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Concrete Repair Mortars Industry
The concrete repair mortars market also provides you with detailed market analysis for every country growth in installed base of different kind of products for concrete repair mortars market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the concrete repair mortars market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Concrete Repair Mortars Market Share Analysis
The concrete repair mortars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Asia-Pacific concrete repair mortars market.
The major players covered in the Asia-Pacific concrete repair mortars market report are MC-Bauchemie, The Euclid Chemical Company (a subsidiary of RPM International Inc.), Remmers (UK) Limited, Aquafin, Chembond Chemicals Limited, Pidilite Industries Ltd., Master Builders Inc. (a brand of MBCC Group), Fosroc, Inc., Sika AG, Dayton Superior Corporation, MAPEI S.p.A., Saint-Gobain Weber (a subsidiary of Saint-Gobain), Normet among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the concrete repair mortars market.
For instance,
- In May 2020, Normet launched a new product for industrial construction. The products are TamSeal TG91 and TamSeal TG92 which have been formulated using plant-oil-based technology. This development helps the company to increase revenue and product portfolio.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the concrete repair mortars market which also provides the benefit for organisation to improve their offering for concrete repair mortars market.
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