Global Concrete Repair Mortars Market: Overview
Concrete structures are prone to deterioration owing to several factors such as water infiltration, corrosion, structural damage or others. Concrete repair mortar material mends and protects the concrete structures by providing fortification against cracking, restricting corrosion, and chemical anchoring. With benefits such as enhanced bond strength, lowered shrinkage, impermeability, density, tensile strength, and thixotropy, concrete repair mortars are highly useful for several industries such as road and infrastructure, marine structures, utility, and building and construction. Consequently, the demand in the global concrete repair mortars market is projected to expand at a rapid rate during the forecast period of 2016 to 2024.
This report on the global market for concrete repair mortars has been made to act as a reliable business document for audiences such as additive and polymer-resin manufacturers, portland cement manufacturers, traders, distributors, and suppliers of concrete repair mortars, government and regional agencies, research organizations, and investment research firms. The report studies all the factors that may impact the demand for concrete repair mortars during the forecast period and estimates the scenario of the market until 2024. It also profiles a number of leading companies currently operating in this market in order to represent the competitive landscape.
Based on product type, the global concrete repair mortars market can be segmented into polymer-modified cementitious mortar and epoxy-based mortar. Application-wise, the market can be categorized into spraying, manual, and pouring. End-use industry bifurcation of the market can be done into building and car park, marine structure, road and infrastructure, and utility industries. Geographically, the report explores the opportunities available in regions such as Asia Pacific, Europe, North America, and the Middle East and Africa.
Global Concrete Repair Mortars Market: Trends & Opportunities
Besides rapid urbanization across several emerging economies, increased spending on repair and maintenance of building and construction is the primary driver in the global concrete repair mortars market. In addition to that, the trend of public-private partnership, especially in the transport sector in developed countries expected to positively reflect on this market. Concrete repair mortars are not only used to repair, maintain, and bring back the original architectural shape of the old structure, it also ensures the resumption of all the functional work readily in an old building or infrastructure that has deteriorated overtime. Eco-friendly nature of these products is another favorable factors that is helping the adoptability.
Product-wise, the segment of polymer-modified cementitious (PMC) mortar is expected to expand at most robust rate during the forecast period, which is due to its high workability, adhesion, and tensile strength. Additionally, PMC mortar are gaining popularity as they are cost efficient in comparison to its counter-parts.
Global Concrete Repair Mortars Market: Regional Outlook
Asia Pacific currently is the most profitable region for the players operating in concrete repair mortars market, which is due to rapid construction and infrastructure building in emerging economies such as India, China, Australia, and Japan. Governments in these countries have extended their budget to build better facilities and maintenance of existing ones, which is significantly favoring the market in this region.
Companies mentioned in the research report
Saint Gobain Weber S.A., Fosroc International Ltd., Sika AG, Mapei S.p.A., Pidilite Industries Ltd., Flexcrete Technologies Ltd., BASF SE, Adhesives Technology Corporation, The Euclid Chemical Company, and Remmers Baustofftechnik GmbH are some of the leading companies currently operating in the global market for concrete repair mortars.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
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- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
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10. What will be the barrier to entry for new players in the market?
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