Concrete Repair Mortars Market Size, Share, Trends, Growth and Forecast 2032

Concrete Repair Mortars Market Insights

Zion Market Research has published a report on the global Concrete Repair Mortars Market, estimating its value at USD 3.07 Billion in 2023, with projections indicating that it will reach USD 6.47 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 8.64% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Concrete Repair Mortars Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Global Concrete Repair Mortars Market Overview

Concrete Repair Mortars are powder-like materials, designed specifically for the restoration of damaged Concrete structures. They are applied on the broken or damaged structures in a paste-like form, which binds to these structures and fills up their cracks. They harden their surfaces and prevent further damage. They are predominantly used to restore the original profiles and functions of damaged concrete structures.

The increasing importance of restoring old infrastructure and the enhanced development of new structures are some of the key factors that are augmenting the global Concrete Repair Mortars Market, globally. Increasing burden on Road Infrastructure, due to growing population, is expected to drive the market for Concrete Repair Mortars in the Epoxy Based Mortars segment.

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COVID-19 Impact Analysis

Before the COVID-19 pandemic, companies in the Concrete Repair Mortars market were expanding at a steady pace. However, during the pandemic, the players in the market took a sharp hit. This can be accredited to the worldwide lockdown and shutdown of businesses.

Due to the lockdown, there was a decline in the construction and repair activities of civil infrastructure. Their maintenance activities also came to a standstill. This impacted the Concrete Repair Mortars market negatively. Additionally, due to the shutdown of businesses, the maintenance and repair activities of commercial places were halted as well. This further impacted the Concrete Repair Mortars market.

Global Concrete Repair Mortars Market Growth Factors

In Global Concrete Repair Mortars Market Report, The increasing importance of preventing capital loss, assurance of public safety, the accelerated development of infrastructure and changes in government regulations are some of the key factors that are responsible for the growth of Concrete Repair Mortars market.

Owing to the increased amount of capital loss, due to diminished stability of civil structures, government authorities are focusing on the repair and maintenance activities of civil structures such as road infrastructure, tunnels, buildings and bridges among others. Civil structures undergo damages during calamities and need to be repaired with subsequent maintenance. They also undergo damage and degradation, due to stress, strain and increasing population. If left unchecked, they can crumble down, resulting in huge capital loss as well as loss of public life.

Additionally, with economic growth, infrastructure development has been on the rise. This further advances the market for Concrete Repair Mortars.

Concrete Repair Mortars Market: Report Scope

Type Segment Analysis Preview

The Polymer Modified Cementitious (PMC) Mortars segment held a share of over 36% in 2020. This can be accredited to their features that include exceptional rigidity and high resilience. Owing to these features, there is a tremendous demand for PMC Mortars, in the construction industry.

Additionally, PMC Mortars show exceptional resistance to water and chemical entry. Thus, the structures that are constructed or repaired using PMC Mortars are long lasting as they show diminished damage to water and chemical spillage. This, in turn, enhances the market for Concrete Repair Mortars in the PMC Mortars segment.

Subsequently, the Epoxy Based Mortars segment contributes to the Concrete Repair Mortars market, majorly. This can be attributed to their wide range of applications in the repair activities of Road Infrastructure. Epoxy Based Mortars are extremely durable and thus, prevent against cracks in roads and flooring infrastructure.

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End-use Industry Segment Analysis Preview

The Road Infrastructure segment is anticipated to a grow with a CAGR of over 5.3% between 2021 and 2028. This growth is attributable to factors such as the significance of assuring public safety, the need to provide efficient transportation and supporting government regulations.

Road Infrastructure has a design life-cycle, post which, it is prone to degradation and requires constant repair and maintenance. Concrete Repair Mortars enhance its durability and prevent excess costs of maintenance that is incurred from damages, due to improper care.

Additionally, governments across the world are coming up with safety norms and regulations for Road Infrastructure to assure public safety. Furthermore, roads that are without damage and degradation, provide an efficient mode of transportation and prevent accidents. All these factors contribute to the growth of Concrete Repair Mortars in the Road Infrastructure segment.

Subsequently, the Marine segment is expected to become one of the largest segments of the Concrete Repair Mortars’ markets, during the forecast period.

Global Concrete Repair Mortars Market Regional Analysis Preview

In Global Concrete Repair Mortars Market Report, The Asia Pacific region held a share of over 20% in 2020. This share can be credited to various factors that include rapid industrialization, accelerated infrastructural development, increasing population, and adoption of new government policies.

The Asia Pacific region has a presence of large number of developing economies. These developing economies are enhancing their industrial stake. Concrete repair mortars are used to repair and construct the damaged structures of industrial sites. With increased industrialization, the concrete repair mortar market rises as well. Additionally, the region is experiencing economic growth and is sanctioning projects such as smart cities to develop its infrastructure. This further enhances the growth of the concrete repair mortars market. Furthermore, earthquake-prone countries like Japan and Indonesia require constant repair and maintenance of their infrastructure. This adds to the growth of the concrete repair mortars market in the Asia Pacific region.

The North America region is expected to grow at a substantial CAGR in between 2021 and 2028. This is attributable to various factors such as the significant growth of infrastructure repair and development activities, the presence of a large number of construction projects and changing government regulations.

Damaged infrastructure such as roads, bridges, tunnels among others can result in catastrophes causing loss of life. To assure public safety, government of the North American region is strategizing to focus on repair and maintenance activities. Additionally, over 25% of the US infrastructure has exceeded its design life-cycle. This warranties the use of Concrete Repair Mortars, thereby, enhancing its market, in the region.

Furthermore, the North American region has a number of ongoing construction projects, for the purpose of infrastructure development and to avail housing solutions. The rise in the construction industry will further bolster the growth of the Concrete Repair Mortars market in the region.

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Key Market Players & Competitive Landscape

Some of the key players in the Concrete Repair Mortars market are-

• Sika AG
• Pidilite Industries Ltd.
• BASF SE
• Mapei S.p.A.
• Fosroc Inc.
• Remmers Gruppe AG
• RPM International Inc.
• Flexcrete Technologies Ltd.
• Adhesives Technology Corporation
• Master Builders Solutions among others.

The global Concrete Repair Mortars Market is segmented as follows:

By Type

• Polymer Modified Cementitious (PMC) Mortars
• Epoxy Based Mortars

By Application Method

• Hand/Troweling
• Pouring
• Spraying

By Grade

• Structural
• Non-Structural

By End-use Industry

• Buildings and Carparks
• Road Infrastructure
• Utility
• Marine

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa