Global Concrete Repair Mortars Market Size, By Type (Epoxy Based Mortars, Cementitious Based Mortars), By Application (Spraying, Manual or Hand Mixing), By Region, And Segment Forecasts, By Geographic Scope And Forecast

Industry: Chemicals & Materials

RELEASE DATE Dec 2023
REPORT ID SI3323
PAGES 200
REPORT FORMAT PathSoft

Global Concrete Repair Mortars Market Size Insights Forecasts to 2032

  • The Global Repair Mortars Market Size was valued at USD 3.50 Billion in 2022.
  • The Market Size is Growing at a CAGR of 3.84% from 2022 to 2032
  • The Worldwide Concrete Repair Mortars Market Size is expected to reach USD 5.10 Billion by 2032
  • Asia Pacific is expected to Grow the Fastest during the Forecast period

Global Concrete Repair Mortars Market

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The Global Concrete Repair Mortars Market Size is expected to reach USD 5.10 Billion by 2032, at a CAGR of 3.84% during the forecast period 2022 to 2032.

 

Several factors contribute to the growth of the concrete repair mortars market. For starters, the growing demand for infrastructure rehabilitation and maintenance projects around the world has increased the demand for effective and long-lasting repair solutions. The deterioration of concrete structures is exacerbated by ageing infrastructure and environmental variables, creating a constant requirement for repair and restoration. Furthermore, technological developments and the creation of novel formulas have resulted in the introduction of high-performance concrete repair mortars. These new goods provide improved durability, robustness, and convenience of use, pushing market expansion even further. Furthermore, increasing urbanisation and industry in various regions contribute to the rise of the construction sector, resulting in an increase in the usage of concrete repair mortars. Governments and private entities engaging in infrastructure development projects are also important drivers of market growth.

 

Concrete Repair Mortars Market Value Chain Analysis

Suppliers provide raw ingredients such as cement, aggregates, polymers, additives, and chemicals needed to make concrete repair mortars. Manufacturers or producers play an important part in the development of concrete repair mortars. They combine and process raw materials to make the finished product, ensuring that it fulfils quality standards and specifications. The concrete repair mortars are then delivered through various routes after they have been prepared. Logistics and transportation are required to convey products from manufacturing facilities to wholesalers, merchants, or directly to construction sites. Wholesalers buy in bulk from producers and resell them to retailers. Retailers then sell the products to construction companies, contractors, and end users. Contractors and construction firms play critical roles in the value chain. They are the end customers of concrete repair mortars, using them in construction and maintenance projects. The entities participating in infrastructure projects, such as government bodies, private developers, and organisations requiring concrete repair solutions for their structures, are the ultimate end-users.

 

Concrete Repair Mortars Market Opportunity Analysis

The global emphasis on infrastructure construction and rehabilitation projects creates a substantial opportunity for the concrete repair mortars market. The demand for effective repair solutions is driven by government and private sector investments in roads, bridges, tunnels, and other structures. Emerging economies that are rapidly urbanising and industrialising provide untapped markets for concrete repair mortars. The requirement for infrastructure development in these locations creates market expansion potential. Manufacturers can differentiate their goods and cater to specific industry needs by providing specialised and customised concrete repair solutions for unique applications or demanding situations. The combination of digital technology, such as sensors and monitoring systems, with concrete repair mortars can result in intelligent solutions for real-time performance monitoring. The lack of knowledge and experience in the use of concrete repair mortars may stymie industry expansion. Developing educational programmes and training initiatives for contractors, construction professionals, and end users can result in a more knowledgeable and trained user base.

 

Global Concrete Repair Mortars Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 3.50 Billion
Forecast Period:2022 – 2032
Forecast Period 2022 – 2032 CAGR:3.84%
022 – 2032 Value Projection:USD 5.10 Billion
Historical Data for:2018-2021
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application, By Region, By Geographic Scope And Forecast
Companies Covered: Fosroc International Ltd., Adhesive Technology Corporation, Ardex Group, Saint-Gobain Weber S.A., Baumit, Sika AG, Normet, Bostik, Mapei S.P.A, Pidilite Industries Ltd, Flexcrete Technologies Ltd., BASF SE, The Euclid Chemical Co., and
Pitfalls & Challenges:COVID-19 Empact, Challenges, Future, Growth, & Analysis

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Market Dynamics

Concrete Repair Mortars Market Dynamics

Increasing investments in housing & transport infrastructure development

Rapid global urbanisation raises the need for homes. As more people relocate to cities, there is a greater demand for the development and upkeep of residential structures such as apartment buildings and housing complexes. The renovation and rehabilitation of ageing housing infrastructure is required. Concrete repair mortars are essential for repairing and strengthening existing structures, as well as extending their lifespan and assuring their safety. Road and bridge construction investments are common components of transportation infrastructure development. Concrete repair mortars are required for the maintenance and repair of these buildings, addressing concerns such as cracks, spalling, and surface deterioration. Concrete repair mortars are in greater demand due to the construction and upkeep of housing and transportation infrastructure. These materials are crucial for addressing structural difficulties as well as maintaining the durability and safety of buildings and transportation systems.

 

Restraints & Challenges

Many end-users, such as contractors and builders, may be unaware of the advantages and applications of sophisticated concrete repair mortars. Because of this lack of awareness, inadequate product selection and application can occur, affecting the overall performance and durability of restored structures. Budget constraints in infrastructure and building projects may force a focus on cost-effective alternatives. As a result, lower-cost options may be used, thereby reducing the quality and long-term effectiveness of concrete repair mortars. The correct application of concrete repair mortars necessitates skill and precision. Alternative repair materials and procedures compete with concrete repair mortars.

 

Regional Forecasts

North America Market Statistics

Global Concrete Repair Mortars Market

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North America is anticipated to dominate the Concrete Repair Mortars Market from 2023 to 2032. The market for North American concrete repair mortars is significant, owing to the region's large infrastructure, which includes highways, bridges, and buildings. Continuous repair and maintenance projects, as well as the demand for long-term solutions, drive growth. Trends in urbanisation and population growth in North American cities drive up demand for housing and transportation infrastructure. As a result, the demand for concrete repair solutions grows. The North American market is served by a number of well-known manufacturers and providers. These businesses provide a variety of items to meet a variety of application requirements.

 

Asia Pacific Market Statistics

Asia Pacific is witnessing the fastest market growth between 2023 to 2032. The Asia-Pacific area is a huge and quickly expanding market for concrete repair mortars. Construction and infrastructure development initiatives in countries like as China, India, and Southeast Asian nations help to expand the industry. Rapid urbanisation in the Asia-Pacific region raises the demand for housing and transportation infrastructure. The subsequent construction projects provide a sizable demand for concrete repair solutions. Because of the high population density in many Asia-Pacific countries, construction operations are ongoing to meet the expanding population.

 

Segmentation Analysis

Insights by Type

The epoxy-based mortars segment accounted for the largest market share over the forecast period 2023 to 2032. Epoxy-based mortars are well-known for their strength and durability. They form a strong connection to concrete surfaces, allowing for long-lasting repairs and increased structural stability. This property qualifies them for applications requiring high performance. When compared to other repair materials, many epoxy-based mortars have a quick setting and curing period. This quick curing technology reduces downtime and increases overall efficiency by accelerating building and repair deadlines. Epoxy-based mortars cling well to a variety of substrates such as concrete, metal, and masonry. Because of their versatility, they can be used in a variety of applications, from restoring concrete structures to bonding diverse materials. Epoxy-based mortars are used in a variety of situations, including structural repairs, bonding, grouting, and anchoring.

 

Insights by Application

The spraying segment accounted for the largest market share over the forecast period 2023 to 2032. Spraying is an efficient and time-saving way of applying concrete repair mortars. When compared to traditional methods such as trowel application, it provides for speedy and consistent coverage over broad surface areas, minimising application time. Spraying eliminates the time-consuming nature of traditional application methods. A smaller team can cover more areas in less time with spraying equipment, leading to total project cost efficiency. Spraying allows for a more exact application of mortar, ensuring that the material reaches the desired places. This accuracy is essential for achieving the required structural and aesthetic results in repair initiatives.

 

Recent Market Developments

  • In November 2022, Cortec Corporation, a corrosion-prevention company, has announced the release of its new vertical and overhead repair mortars to prevent corrosion and reduce the risk of the ring-anode effect.

 

Competitive Landscape

Major players in the market

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

 

Market Segmentation

This study forecasts revenue at global, regional, and country levels from 2023 to 2032.

 

Concrete Repair Mortars Market, Type Analysis

  • Epoxy Based Mortars
  • Cementitious Based Mortars

 

Concrete Repair Mortars Market, Application Analysis

  • Spraying
  • Manual or Hand Mixing

 

Concrete Repair Mortars Market, Regional Analysis

  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa

Frequently Asked Questions (FAQ)

  • What is the market size of the Concrete Repair Mortars Market?
    The global Concrete Repair Mortars Market is expected to grow from USD 3.50 Billion in 2023 to USD 5.10 Billion by 2032, at a CAGR of 3.84% during the forecast period 2023-2032.
  • Who are the key market players of the Concrete Repair Mortars Market?
    Some of the key market players of market are Fosroc International Ltd., Adhesive Technology Corporation, Ardex Group, Saint-Gobain Weber S.A., Baumit, Sika AG, Normet, Bostik, Mapei S.P.A, Pidilite Industries Ltd, Flexcrete Technologies Ltd., BASF SE, and The Euclid Chemical Co.
  • Which segment holds the largest market share?
    The spraying segment holds the largest market share and is going to continue its dominance.
  • Which region is dominating the Concrete Repair Mortars Market?
    North America is dominating the Concrete Repair Mortars Market with the highest market share.

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