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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
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • 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
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

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?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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Concrete Repair Mortars Market