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

 

Water infiltration, corrosion, structural damage, and other factors contribute to concrete structures' deterioration. Concrete repair mortar substance strengthens and preserves concrete buildings by preventing cracking, limiting corrosion, and providing chemical anchoring. Concrete repair mortars are extremely valuable in a variety of industries, including road and infrastructure, maritime structures, utility, and building and construction, because of their enhanced bond strength, reduced shrinkage, impermeability, density, tensile strength, and thixotropy.  ​

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Global concrete repair mortars market is expected to reach USD 2,481,810.25 thousand by 2028 from USD 1,683,569.35 thousand in 2020 growing with a substantial CAGR of 5.3% in the forecast period of 2021 to 2028. As energy prices have risen and constructing and operating budgets have been severely limited, the real estate industry has been forced to pay more attention to the infrastructure's life-cycle repercussions. Building maintenance is sometimes overlooked, but when done correctly, it may save money and resources. Maintenance and repair costs are typically reduced by including proactive infrastructure diagnostics into a long-term repair and maintenance programme. The cost of repairs is significantly lower, giving the renovation sector an advantage in the construction industry.

concrete repair

Increasing urbanization and growing population will drive the market's growth rate

The construction industry directly affects global GDP and is a significant driver of economic growth in developed and developing countries. Due to the rise in construction activities, the infrastructure's maintenance and repair demand has also witnessed an exponential increase.

Increasing urbanization and growing population have steered a comprehensive increase in construction and maintenance activities. According to the United Nations, approximately six billion people will be living in urban areas. Increased expenditure by public and private players on the development of infrastructure will also promote the market growth rate. Continuous research and development pertaining to the deployment of advanced technologies will yet again widen the scope of growth.  

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2021 to 2028

Base Year

2020

Historic Years

2019 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

Adhesives Technology Corporation (U.S.), W. R. Meadows, Inc. (U.S.), ARDEX AMERICAS (U.S.), Garon Products Inc. (U.S.), MC-Bauchemie (U.S.), The Euclid Chemical Company (U.S.), Remmers Limited (U.K.), Aquafin (U.S.), Chembond Chemicals Limited (India), TCC Materials (U.S.), Ronacrete Ltd (U.K.), Pidilite Industries Ltd. (India), Master Builders Inc. (U.S.), Fosroc, Inc. (U.K.), Sika AG (Switzerland), Flexcrete Technologies Ltd (U.K.), Dayton Superior Corporation. (U.S.), MAPEI S.p.A. (Italy), Saint-Gobain Weber (France) and Normet (U.S.) among others.             

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Segment Analysis:

Global concrete repair mortars market is segmented into four notable segments which are based on the type, grade, application method and industry.

  • 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 expected to dominate global concrete repair mortars market with 59.10% market share as cementitious material can be used on any surface and shaped easily according to application which increases its demand globally. In Asia-Pacific, the demand for the cementitious concrete repair mortars segment is increasing in China and India due to increase in the construction and renovation of residential structures. In North America, the demand for cementitious concrete repair mortars segment is increasing due to increasing demand for repair and restoration of waterproofing membrane for roofs and walls.
  • On the basis of grade, the concrete repair mortars market is segmented into structural and non structural. In 2021, structural segment is expected to dominate global concrete repair mortars market with 87.56% market share as structural is used in the construction and repair of infrastructure. In Asia-Pacific, structural segment is dominating as structural grade products have high strength and car load for longer duration. In North America, structural segment is dominating as high quality of structural grade increases the strength of old bridges which lower the replacement cost. In the Europe region, structural segment is dominating in the market due to increasing renovation of bridges in the region which increases the demand for structure grade. In the Middle East and Africa, structural segment is dominating owing to the improvement in infrastructure and construction of new road ways in the region.
  • 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 expected to dominate global concrete repair mortars market with 39.44% market share as this method is cost effective which is increasing its demand globally. In Asia-Pacific, presence of large number of labor class is available which makes hand applied concrete repair mortars segment to dominate in the region. In North America, the hand applied concrete repair mortars segment is dominating the market as this method can be used for the repairing of small surface in residential buildings. In the Europe region, hand applied concrete repair mortars segment is dominating as this method help to lower the wastage of concrete repair material. In the Middle East and Africa, hand applied concrete repair mortars segment dominates as this method can easily be overhead by repair application.
  • On the basis of industry, the concrete repair mortars market is segmented into residential, commercial, industrial and infrastructure. In 2021, infrastructure segment is expected to dominate global concrete repair mortars market with 41.01% market share on account of increasing construction and renovation of old bridge and dams. In Asia-Pacific, the infrastructure segment is dominating due to large population in India and China increases the demand for the more roadways and bridges. In North America, government is taking several steps for improvement of infrastructure which increases the demand of concrete repair mortars for the infrastructure segment. In the Europe region, the infrastructure segment is dominating due to increasing maintenance of tunnels. In the Middle East and Africa, the infrastructure segment is dominating due to increasing restoration of transport infrastructure which makes the segment to dominate in the region.

Major Players              

Data Bridge Market Research recognizes the following companies as the market players in concrete repair mortars market: Adhesives Technology Corporation (U.S.), W. R. Meadows, Inc. (U.S.), ARDEX AMERICAS (U.S.), Garon Products Inc. (U.S.), Chembond Chemicals Limited (India), TCC Materials (U.S.), Ronacrete Ltd (U.K.), Pidilite Industries Ltd. (India), Master Builders Inc. (U.S.), Fosroc, Inc. (U.K.), Sika AG (Switzerland), Saint-Gobain Weber (France) and Normet (U.S.)

concrete repair

Market Development

  • In July 2020, Aquafin decided to launch new product named REBAR PRIMER/BOND-CI which can be used as a bonding agent for concrete repair mortars or fresh concrete. This development helps the company to increase revenue and product portfolio.
  • In October 2019, ARDEX AMERICAS expanded its business by venturing with Ceramfix, Brazil. Ceramfix is a leading manufacturer of products for installing ceramic tiles including mortars, tile adhesives, grouts, waterproofing, and accessories. This development helps the company to increase the revenue.

Regional Analysis

Geographically, the countries covered in the concrete repair mortars market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in concrete repair mortars market during the forecast period 2021 - 2028

The market is expected to be dominated by Asia-Pacific, which is expected to rise rapidly. The increase is related to population growth, which puts pressure on existing infrastructure, causing it to deteriorate and increasing a demand for repair materials. Furthermore, as part of their economic growth aspirations, growing economies in APAC, such as India, are heavily investing in transportation infrastructure development. It is predicted to result in the construction of new and existing infrastructures and an increase in infrastructure repair and maintenance activities, driving market expansion.

North America is estimated to be the fastest growing region in concrete repair mortars market the forecast period 2021 - 2028

North America is expected to increase significantly as well. The US president planned to spend almost USD 2 trillion in 2019 to repair the country's outdated infrastructure. Repairing damaged roads, bridges, and highways is anticipated to cost more than USD 1 trillion under this strategy. As a result, demand for concrete repair materials in the region is likely to rise.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic has wreaked havoc on economies all around the world. The global lockdowns and travel bans have had a negative impact on the majority of industries and business sectors. Most corporate ecosystems' supply chains have been impeded, and global growth rates have slowed. The influence of COVID-19 on the construction industry is discussed in the following sections. The ongoing pandemic has posed a number of difficulties for the concrete repair mortar sector. The form and severity of the issues will be largely determined by the global economy's downturn, the length of the recession, and the path of recovery. Various governments have paused many existing building repair projects because to the escalating number of COVID-19 cases around the world.  

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