North America Concrete Crack Injection Resin Market Size, Share & Trends Analysis Report By Resin Type (Epoxy & Polyurethane), By Application (Thermal Power Plant, Dams & Bridges), By Region, And Segment Forecasts, 2023 - 2030

North America Concrete Crack Injection Resin Market Size, Share & Trends Analysis Report By Resin Type (Epoxy & Polyurethane), By Application (Thermal Power Plant, Dams & Bridges), By Region, And Segment Forecasts, 2023 - 2030

North America Concrete Crack Injection Resin Market Growth & Trends

The North America concrete crack injection resin market size is anticipated to reach USD 1,135.11 million by 2030, to expand at a CAGR of 5.2% from 2023 to 2030 according to a new report by Grand View Research, Inc. The growing demand from the residential and commercial building spaces is anticipated to propel the market growth during the forecast period.

Low viscosity epoxy resin are mainly used in construction applications that use low-pressure injections for cracks in concrete. Growing environmental and economic concerns caused by the utilization of conventional petrochemical-based resins are boosting the utilization of low-viscosity epoxy resins.

The growth in construction and renovation activities across the region is expected to propel the market growth. They are widely used in structural composites and mortars owing to their physical properties such as high chemical resistance and good adhesion. Hence, the growing industrial and commercial industry in the region is likely to positively impact the concrete crack resin market.

Ultra-low viscosity epoxy resin is widely used in the building and construction industry due to their economical, low odor, solvent-free, and moisture intensive properties. It is used in repairing concretes substrates including patching, sealing, bonding, and crack filling.

Owing to its higher load bearing capacity, impact, and shock resistance, the Ultra low-viscosity epoxy resin demand has grown across the resin component manufacturing industry and this trend is expected to continue over the forecast period.

North America Concrete Crack Injection Resin Market Report Highlights

• North America concrete crack injection resin market is valued at USD 761.63 million in 2022 and is expected to reach USD 1,135.11 million in 2030 at an estimated CAGR of 5.2% from 2023 to 2030, due to the high demand
• Capacity expansions, forward integration, merger & acquisitions, and introduction of new products, are the major strategies undertaken by the major players to strengthen presence in the market. For instance, the North American cement grinding aids and additives business of Chryso Group was acquired by Euclid Chemical Company (U.S.) (France). This decision will assist the business in growing its supply of fillers and construction materials in North America
• The growth of the construction industry is anticipated to be fueled by increasing urbanization and industrialization, particularly in developing nations like Canada and Mexico and rising infrastructure development activities in the United States, which will increase the demand for polyurethane-based concrete crack injection resins
• Polyurethane offers lower unit costs and faster production while providing excellent general performance for construction applications. With the introduction of the latest advanced technologies, numerous polyurethane compounds for the production of concrete crack injection resin are being manufactured to meet a diverse range of physical and thermal properties

Please note The report will be delivered in 3-8 business days upon order notification.