DUBLIN--(BUSINESS WIRE)--The "Concrete Repair Mortars Market by Type (PMC and Epoxy Based), Application Method (Hand/Trawling, Spraying, Pouring), End-use Industry (Buildings & Carparks, Road Infrastructure, Utility, Marine), Grade (Structural and Non Structural) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The concrete repair mortars market size was estimated at USD 2.1 billion in 2019 and is projected to reach USD 2.8 billion in 2024, at a CAGR of 6.1%.
The high growth is attributed to rising pressure on the existing infrastructure due to the rise in population. Concrete repair mortars are materials used in replacing corroded concrete in the existing structures, which helps in improving the lifespan of the structures.
Buildings & carparks - the largest end-use industry in the overall concrete repair mortars market.
Buildings & carparks are projected to be the largest end-use industry of the concrete repair mortars market. The large market size for this segment is attributed to the high need for repair in the buildings & carparks as they are built to last for a long time period. The concrete tends to crack and corrode due to exposure to extreme environmental conditions over a long time period. The demand for concrete repair mortars in buildings & carparks is rising as they prevent the buildings from collapsing and increase their lifespans.
Hand/Trawling is the fastest-growing application method segment in the concrete repair mortars market.
Hand/trawling is expected to be the fastest-growing method of application in the concrete repair mortars market during the forecast period. This method can be used in various forms and for both structural and non-structural repair. The application method can be used for both horizontal and vertical repair. The polymer-modified cementitious mortars are mostly applied through hand/trawling, having a repair depth of 10-75 mm in this method. This will help the growth of the concrete repair mortars market during the forecast period.
APAC is the largest and the fastest-growing market of concrete repair mortars market
APAC is projected to be the largest and the fastest-growing market of concrete repair mortars. The high growth rate of the market in the region is due to high investment in the maintenance of public infrastructure by governments, which is expected to drive the concrete repair mortars market in the region during the forecast period. Key countries in the region are China, Japan, India, Australia, and South Korea. High investment in public infrastructure to cater to the large population is leading to a high rate of deterioration of the structures. This is expected to lead to the demand for repairs of structures during the forecast period.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.
Reasons to Buy the Report:
1. This report segments the global concrete repair mortars market comprehensively and provides the closest approximations of sizes for the overall market and subsegments across various verticals and regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders understand the major competitors and gain insights to enhance their positions in the business. The competitive landscape section includes expansions, new product developments, and mergers & acquisitions undertaken in the market.
Key Topics Covered:
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Opportunities in the Concrete Repair Mortars Market By Type and Country
4.2 Global Concrete Repair Mortars Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Porter's Five Forces Analysis
5.4 Yc, Ycc Drivers
6 Concrete Repair Mortars Market, By Type
6.1 Introduction
6.2 Polymer Modified Cementitious (PMC) Mortars
6.2.1 SBR Latex
6.2.2 Acrylics
6.3 Epoxy Based Mortars
7 Concrete Repair Mortars Market, By Grade
7.1 Introduction
7.2 Structural
7.3 Non Structural
8 Concrete Repair Mortars Market, By Application Method
8.1 Introduction
8.2 Hand/Trawling
8.3 Pouring
8.4 Spraying
9 Concrete Repair Mortars Market, By End-Use Industry
9.1 Introduction
9.2 Buildings & Carparks
9.3 Road Infrastructure
9.4 Utility
9.5 Marine
10 Concrete Repair Mortars Market, By Region
10.1 Introduction
10.2 North America
10.3 Introduction
10.4 Large Backlog of Aging Buildings Requiring Repair and Maintenance and Repair During the Forecast Period to Help the Demand to Grow.
10.5 Canada
10.6 Increasing Dependence on Public-Private Partnerships to Develop and Maintain the Country's Infrastructure Will Lead the Market Growth.
10.7 APAC
10.8 Introduction
10.9 China
10.10 Japan
10.11 India
10.12 Australia
10.13 South Korea
10.14 Rest of APAC
10.15 Europe
10.16 Introduction
10.17 Germany
10.18 UK
10.19 France
10.20 Italy
10.21 Russia
10.22 Spain
10.23 Belgium
10.24 Austria
10.25 Netherlands
10.26 Sweden
10.27 Czech Republic
10.28 Poland
10.29 Rest of Europe
10.30 Middle East & Africa
10.31 Introduction
10.32 Saudi Arabia
10.33 UAE
10.34 South Africa
10.35 Rest of Middle East & Africa
10.36 South America
10.37 Introduction
10.38 Brazil
10.39 Argentina
10.40 The Rise of Public-Private Partnerships in the Region Will Drive the Demand for Concrete Repair Mortars.
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
12 Company Profiles
12.1 Sika AG
12.2 Fosroc International Ltd.
12.3 BASF SE
12.4 Mapei S.P.A
12.5 Saint-Gobain Weber S.A.
12.6 Pidilite Industries Ltd
12.7 Remmers Baustofftechnik GmhH
12.8 Flexcrete Technologies Ltd.
12.9 The Euclid Chemical Co.
12.10 Adhesive Technology Corporation
12.11 W. R. Meadows, Inc.
12.12 Ardex GmbH
12.13 Garon Product Inc.
12.14 MC Building Chemicals
12.15 Ronacrete Ltd.
12.16 TCC Materials
12.17 Chembond Chemicals Limited
12.18 Perma Construction Aids Pvt Ltd.
12.19 Dayton Superior
12.20 Aquafin, Inc.
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