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Concrete Repair Mortars Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Concrete repair mortar is a material used for the mending and protection of concrete structures. It provides fortification against cracking, chemical anchoring, and reinforcement corrosion. It helps maintain the moisture content in concrete and also enables the restoration and refurbishment of those structures by profiling them a second time. Concrete repair mortar also increases the resistance of the concrete surfaces against chemical attack. Some of its important features include improved bond strength and densities & impermeability, tensile strength, and thixotropy; and lowered shrinkage and cracking tendencies. Concrete repair mortar plays an important role in various end-use industries such as building, road & infrastructure, utility, and marine structures.

Based on type, this market can be segmented into polymer-modified cement (PMC) mortar and epoxy-based cement mortar. PMC mortar is touted to witness significant evolution during the forecast period primarily due to characteristics such as extraordinary workability, tensile strength, and adhesion. It is also an environment-friendly and low-cost product, which drives the cement repair mortar market. Epoxy-based cement mortar has limited applications in the concrete repair industry due to its high strength requirements. In terms of application, the market for concrete repair mortar can be divided into the manual, spraying, and pouring categories. The manual segment is expected to be dominant in the near future, due to its low cost and convenience offered.

Rising demand for alternative cementation materials in the cement manufacturing industry and a preference to repair the existing infrastructure over constructing new buildings are some of the main features furthering the concrete repair mortar market during the forecast period. Proper maintenance of a concrete structure is essential in order to guarantee its designed lifetime, since there could be multiple causes for it to deteriorate. Concrete repair mortar acts as replacement concrete in the structure. It is also employed to repair the architectural shape of old structures and restore the physical functions of old and deteriorated buildings. At the same time, its durability and dimensional compatibility with the existing concrete are some of the challenges faced by the players operating in this market. These have compelled manufacturers to come up with newly formulated concrete repair mortar products such as concrete repair with geopolymer mortar.

In terms of region, the global market for concrete repair mortar is distributed over North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is likely to dominate the market in the near future, owing to the swiftly expanding building & construction industry in the region caused by the rapid urbanization in countries such as China and India. Increasing levels of road and infrastructure maintenance in countries such as the U.S., Germany, and Australia also boosts the demand for concrete repair mortars. Several prominent cement & concrete manufacturing companies are shifting their focus onto green raw materials.  Companies are adopting strategies such as partnerships, joint ventures, and mergers & acquisitions in order to expand their respective market share and distribution network. This, in turn, is supplementing the global concrete repair mortar market.

Key players include Adhesive Technology Corporation, BASF SE, Flexcrete Technology Ltd, Fosroc International Ltd, Mapei S.P.A., Pidilite Industries Ltd, Remmers Baustofftechnik GmbH, Saint-Gobain Weber S.A., Sika AG, and The Euclid Chemical Company.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market    
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.


Note : All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Transparency Market Research.


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