North America 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 (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Market Analysis and Insights: North America 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 5.4% in the forecast period of 2020 to 2027 and expected to reach USD 691,729.55 thousand by 2028. Increasing population and urbanization is boosting the market growth.
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 by buildings settling and adjusting during temperature and damage caused by unexpected water ingress. The concrete repair mortars of different types which are used according to the application.
The real estate industry has been forced to pay more attention to the infrastructure's life-cycle consequences as energy prices have risen and building and operating budgets have become severely scarce. Building maintenance is often ignored, but when executed properly, it can save capital and resources. The maintenance and repair cost are usually brought down by pro-active diagnostics of infrastructure incorporated in a long range repair and maintenance program. Budgetary size of repairs is considerably less which gives an edge to renovation sector in the construction industry.
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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
North America Concrete Repair Mortars Market Scope and Market Size
North America concrete repair mortars market is segmented into four notable segments which are based 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, cementitious concrete repair mortars segment is dominating the market globally 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 is dominating globally as structural is used 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 dominating the market globally as this method is cost effective which increasing its demand globally.
- On the basis of industry, the market is segmented into residential, commercial, industrial and infrastructure. In 2021, infrastructure segment is dominating the market globally on account of increasing construction and renovation of old bridge and dams.
Concrete repair mortars Market Country Level Analysis
Concrete repair mortars market is analysed and market size information is provided by country, type, grade, application and end-user as referenced above.
The countries covered in the concrete repair mortars market report are U.S., Canada and Mexico.
The U.S. is dominating the North America market due to more regulations for the renovation of old buildings.
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 North America 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.
Increasing Demand of Headphone/Earphone in Concrete Repair Mortars
Concrete repair mortars market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in concrete repair mortars and changes in regulatory scenarios with their support for 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, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to North America concrete repair mortars market.
The major players covered in the report are Adhesives Technology Corporation (ATC), W. R. Meadows, Inc., ARDEX AMERICAS, Garon Products Inc., MC-Bauchemie, The Euclid Chemical Company, Pidilite Industries Ltd., MASTER BUILDERS INC. (AS A BRAND OF MBCC GROUP), Fosroc, Inc., Sika AG, Dayton Superior Corporation., MAPEI S.p.A., SAINT-GOBAIN WEBER (AS A SUBSIDIARY OF SAINT-GOBAIN), Normet, TCC MATERIALS and AQUAFIN among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of concrete repair mortars market.
For instance,
- In September 2020, MAPEI S.p.A. launched a new product name MAPEI’s Osmotic cementitious mortar with exceptional and varied applications as the product has comprehensive waterproofing capabilities. This development helps the company to increase revenue.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for concrete repair mortars.
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