The Concrete Repair Mortars Industry was valued at USD 2.87 billion in 2022 and is projected to reach USD 4.19 billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 4.85% during the forecast period from 2023 to 2030.
This industry plays a crucial role in the maintenance and restoration of concrete structures, ensuring their durability and longevity. With the increasing need for infrastructure development and the growing awareness of the importance of sustainable construction practices, the demand for concrete repair mortars is expected to witness significant growth in the coming years.
The projected growth in the market can be attributed to several factors. Firstly, the aging infrastructure in many countries necessitates regular repair and maintenance, driving the demand for effective concrete repair solutions. Additionally, the rising focus on sustainable construction practices and the need to reduce carbon emissions are driving the adoption of eco-friendly repair mortars, further fueling market growth.
Furthermore, technological advancements in the formulation of repair mortars have led to the development of high-performance products that offer enhanced durability and strength. These innovative solutions not only provide effective repair but also contribute to the overall structural integrity of concrete buildings and infrastructure.
Geographically, the market for concrete repair mortars is expected to witness substantial growth in regions with significant infrastructure development, such as Asia-Pacific and the Middle East. Rapid urbanization, population growth, and government initiatives to improve infrastructure are key factors driving the demand for concrete repair mortars in these regions.
In conclusion, the Concrete Repair Mortars Industry is poised for substantial growth in the coming years, driven by the need for infrastructure maintenance, sustainable construction practices, and technological advancements. With a projected CAGR of 4.85% over the forecast period, this industry presents lucrative opportunities for manufacturers and suppliers in the global market.
KEY MARKET SEGMENTATION
- By Type
- Epoxy-Baseded Mortars
- Cementitious Based Mortars
- By Application
- Spraying, Manual
- Hand Mixing, Pourin
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Key Players
Here's a list of major players in this industry:
- Sika AG
- Fosroc International Ltd.
- MBCC
- Mapei S.p.A
- Saint-Gobain Weber S.A
- Pidilite Industries Ltd.
- Remmers Baustofftechnik GmbH
- Flexcrete Technologies Ltd.
- The Euclid Chemical Co.
- Adhesive Technology Corp.
- Other Players
Driving Factors:
- Expanding tension on existing foundation because of the developing populace.
- Expanding urbanization, developing development industry, and a few public-private organizations.
Opportunities:
- Moving pattern toward sustainable power age.
- The advancement of further developed transportation organizations.
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Table of Contents (ToC)
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Concrete Repair Mortars Segmentation, By Type
8.1 Epoxy-Based Mortars
8.2 Cementitious Based Mortars
9. Global Concrete Repair Mortars Segmentation, By Application
9.1 Spraying, Manual
9.2 Hand Mixing, Pouring
10. Global Concrete Repair Mortars Market, by region/ country
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company profiles
11.1 Sika AG
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 Swot Analysis
11.1.4 The SNS View
11.2 Fosroc International Ltd.
11.3 MBCC
11.4 Mapei S.p.A
11.5 Saint-Gobain Weber S.A
11.6 Pidilite Industries Ltd.
11.7 Remmers Baustofftechnik GmbH
11.8 Flexcrete Technologies Ltd.
11.9 The Euclid Chemical Co.
11.10 Adhesive Technology Corp.
12. Competitive Landscape
12.1 Competitive Bench Marking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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