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Global Concrete Repair Mortars Market Analysis & Trends - Industry Forecast to 2028

Global Concrete Repair Mortars Market Analysis & Trends - Industry Forecast to 2028

  • July 2021
  • 160 pages
  • ID: 6127584
  • Format: PDF
  • Accuray Research LLP

Summary

Table of Contents

Concrete Repair Mortars: Market Size

From $2.23 billion in 2020, the global Concrete Repair Mortars market is projected to reach $4.15 billion by 2028. Based on our analysis the market is expected to grow at a CAGR of 8.1% from 2020 - 2028 timeframe.


Some of the prominent trends that the market is witnessing include, rising demand in residential and commercial construction, increased spending on repair and maintenance of building and construction and rapid urbanization across several emerging economies.

Global Concrete Repair Mortars Market: Market Dynamics

Concrete repair mortars are materials used for the restoration of spalling caused by reinforcement corrosion in various concrete structures. The concrete materials have certain properties due to which products are preferably for natural structural defects which are caused by buildings settling and adjusting during temperature and damage caused by unexpected water ingress. The concrete repair mortars are of diverse types which are used according to the application.

The real estate industry has been compelled to pay more attention to the infrastructure’s life-cycle consequences as energy prices have grown and building and operating budgets have become severely inadequate. Building maintenance is frequently ignored, but when executed properly, it can save considerable capital and resources.

On the other hand, the stringent regulations are likely to hamper the market growth. Moreover, deteriorating condition of existing infrastructure and need to increase life span of the existing buildings will further boost for the concrete repair mortars market.

Impact of COVID-19 on Concrete Repair Mortars

The global concrete repair mortars market is expected to witness the impact of the pandemic on its demand. In 2020, the market has little impact due to COVID-19 and expected to witness a nominal decline in demand in 2020. Moreover, due to the COVID-19, the market is being hampered owing to reducing raw material production, supply chain disruption, declining construction demand, hampered trade movements, and reduced demand for new projects.

By End User

Road & Infrastructure Segment Dominate the Market in 2020

The road & infrastructure segment made huge revenue in 2020 and growing its prominence during the forecast period. Road & infrastructure includes bridges & tunnels, roads, cycling infrastructure and walkways. It is important for countries to maintain their road & infrastructure as they are of major importance for transit of goods. Good quality roads decrease the time spent on travel, and its cost as well. Proper maintenance of road & infrastructure periodically is also required in order to prevent mishaps or accidents. These factors will drive the growth in road & infrastructure during the forecast period.

By Geography

Asia Pacific Region is Leading in the Global Market Place

Asia Pacific is likely to have a huge demand in the forecast period owing to increasing growth of population in the region. The high population is exerting pressure on the existing infrastructure, which is also weakening at a rapid rate due to the use of inferior materials. These structures require timely maintenance during the forecast period. These factors will drive the concrete repair mortars market.

List of the Key Players Profiled in the Market Include:

• Adhesive Technology Corporation
• Ardex Group
• BASF SE
• Baumit
• Bostik
• Flexcrete Technologies Ltd
• Fosroc International Ltd.
• Mapei S.P.A
• Pidilite Industries Ltd
• Remmers Baustofftechnik GmbH
• Saint-Gobain Weber S.A.
• Sika AG
• The Euclid Chemical Co.

List of the Regions/Countries Profiled in the Market Include:
North America
• US
• Canada
• Mexico
Europe
• Germany
• U.K
• Italy
• France
• Spain
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Australia
• New Zealand
• Rest of Asia Pacific
Middle East
• Saudi Arabia
• UAE
• Rest of Middle East
Latin America
• Argentina
• Brazil
• Rest of Latin America
Rest of the World (RoW)
• South Africa
• Others

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