Concrete repair system can be defined as the various methods and compounds applied to concrete walls and other concrete structures in order to support their working condition. Concrete is used in a variety of infrastructure, ranging from residential, commercial, and industrial buildings to roads, highways, bridges, and other structures such as museums, railway stations, and airports, thereby making it a fairly large market. Investments made in concrete infrastructure are high and, therefore, it is essential that the infrastructure and its concrete remain in good working condition. This makes the concrete repair system an important market.
The global concrete repair system market can be segmented along several lines such as type of problem, type of solution, and method of application.
In terms of type of problem, the global concrete repair system market can be classified into new build defects, service & maintenance, and age-related deterioration. New build defects are problems that occur either during or soon after the construction of the infrastructure. The service & maintenance segment includes regular strengthening of the concrete, for example, by repairing cracks and other such problems when they are at an initial stage. This not only improves the quality of the infrastructure, but also helps in prolonging its life. Age-related deterioration of concrete and other materials involved in the infrastructure is common and needs to be addressed every few years.
More importantly, in terms of type of solution, the global concrete repair system market can be divided into coatings, sealers & primers, bonding agents & waterproofing compounds, mortars, and others. Coatings, sealers & primers are used for a wide range of purposes such as anti-corrosion, steel reinforcement, concrete strengthening, and decoration. Mortars are primarily used for sticking one material to another. For example, it is used between bricks and blocks or between tiles and floor or wall. The primary purpose of bonding agents & waterproofing compounds is to enhance the joining of structures without employing mechanical fasteners. They help in improving the tensile strength of the concrete and its ability to withstand corrosion. Finally, the others section consists of various concrete repair solutions such as epoxy adhesives & concrete, polyurethane compounds, grouts, gels, and self-levelling screeds, etc.
Based on method of application, the global concrete repair system market includes hand/equipment-applied, sprayed, and others. The hand/equipment-applied method is commonly used when the product needs to pasted on to the concrete or applied between surfaces. Products such as bonding agents, mortars, and primers are generally applied in this manner. The method of spraying the product on to the concrete is frequently used in the case of coatings, sealers, and certain waterproofing compounds. Other methods of applying concrete repairs include the product being injected into cracks or the use of machines in case of protective levelling mortars and self-levelling screeds.
In terms of region, the global concrete repair system market can be segmented into North America, Latin America, Europe, Middle East & Africa, and Asia Pacific. Concrete repair systems are in extensive use in the developed regions of North America and Europe. Their usage, on the other hand, is increasing in the developing regions of Latin America, Asia Pacific, and Middle East & Africa. These regions present considerable opportunities during the forecast period owing to the high investments in infrastructure by the governments.
Some of the major companies in the global concrete repair system market include the Sika Group, Fosroc International Limited, BASF Corporation, KREISEL Technika Budowlana Sp. z o.o., MAPEI Corporation, ARDEX Americas, Chemco International Ltd., Saint-Gobain Construction Products UK Limited, and Kryton International Inc.
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
- 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.
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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.