Concrete Repair Mortars Market Forecasts to 2028 – Global Analysis By Type (Polymer Modified Cementitious Mortars (PMC), Epoxy Based Mortars), Grade (Structural, Non Structural), Application (Hand Applied Concrete Repair Mortars, Levelling / Fairing Morta

Concrete Repair Mortars Market Forecasts to 2028 – Global Analysis By Type (Polymer Modified Cementitious Mortars (PMC), Epoxy Based Mortars), Grade (Structural, Non Structural), Application (Hand Applied Concrete Repair Mortars, Levelling / Fairing Mortars for Concrete Repairs) and By Geography

According to Stratistics MRC, the Global Concrete Repair Mortars Market is accounted for $2.64 billion in 2021 and is expected to reach $5.39 billion by 2028 growing at a CAGR of 10.7% during the forecast period. The Concrete Repair Mortars is a matter used for the security and repairing of concrete-made structures, it gives safety in opposition to chemical anchoring, corrosion, and cracking. The concrete repair mortar preserves the moisture content and reestablishment of concrete structure by using profiling them again, these mortars offer features inclusive of high tensile electricity, shrinkage inclinations, cracking, high bond power, and excessive density to the system. The concrete material has numerous properties through which products are more used for natural structural defects which are caused by buildings settling and adjusting during temperature.

Market Dynamics:

Driver:

Growing Pressure on Present Infrastructure

The infrastructure of a country plays a vital role in the growth of the market. The infrastructure includes roads and bridges, schools, hospitals, and power generation facilities, such as power plants, dams, production plants, and other such facilities. The European Union (EU) countries spent billions on the operation & maintenance of road networks alone. The pressure on the existing infrastructure is growing due to the increasing aging population and migrants. These countries also have a higher life expectancy, which has increased pressure on the existing infrastructure. The pressure is further increased with the rise in the migrant population. This has added pressure on the existing social infrastructure, which needs to be expanded and refurbished according to the population's needs. The current infrastructure, such as roads, bridges, and water supply systems, is overburdened by the population rise and is showing signs of crumbling. This has led the authorities to take up repair & maintenance initiatives in these countries.

Restraint:

Increase of New Construction Technology as an Alternative for Repair Materials

Although in its nascent stage, self-healing concrete is slowly gaining popularity in the construction industry. It is a combination of cement, aggregates, water, and limestone-producing bacteria, which helps in filling the cracks as soon as they appear on the concrete surface. The material can fill small cracks of up to 0.08 mm. Research is being conducted to improve the efficiency of such concrete materials. This may significantly reduce the need for infrastructure repair in structures and may become a significant replacement for repair mortars in the future.

Opportunity:

Fluctuating Inclination toward Renewable Energy Generation

The developed nations, particularly in Europe, have pledged to reduce their carbon emission rates. This has led to a shift in their preference toward renewable energy sources, such as wind energy and hydropower. Renewable energy sources contributed 39% of the electricity demand of the UK. The country has one of the largest offshore wind farms in the world that is supplying 9% of the country’s energy needs. The old thermal power plants are being shut down in the EU due to their commitment to reducing their carbon footprint. Dams and wind turbine structures require more periodic maintenance than that for thermal power plants to function properly. Thus, the increasing adoption of renewable energy is expected to create opportunities for concrete repair mortar manufacturers to expand their business, especially in the wind turbine and hydropower sectors.

Threat:

Stringent Regulation

Due to stringent regulations pertaining to building codes in emerging countries are likely to threaten the profit boundaries of the mark. New guidelines and regulations issued by governments have created uncertainty and confusion for construction companies as well as laborers. This has an impact on the concrete repair mortar industry as well.

Epoxy-Based Materials segment is expected to be the largest during the forecast period

The epoxy-based materials are also one of the most popular categories. This type of particularly formulated epoxy material is exceedingly used for the repair of cracked or eroded concrete flooring. The material delivers permanent repair to the damaged concrete with exceptional strength. Additionally, fast curing properties combined with applicability in cracks greater than 50mm depth make it an ideal material for a wider array of applications.

The Structural segment is expected to have the highest CAGR during the forecast period

Structural-grade concrete offers high-strength properties for carrying the structural load and forms an integral part of a structure. The growing need for repair and maintenance of building infrastructure due to the degradation of materials and structures, caused by the combined effect of loading and environmental factors, is expected to drive the structural-grade segment. In addition, rapid deterioration of the infrastructure coupled with exponentially rising replacement costs has propelled the demand for repair materials across the globe. Furthermore, the development of advanced repair and rehabilitation processes for structural concrete is projected to have a positive impact on the overall market growth.

Region with highest share:

The Asia Pacific is projected to hold the highest market share; the growth of the market in the county is owing to the fast-growing building and construction sectors, especially in countries like China and India aided by the rapidly growing urbanization in these economies. The Asia Pacific currently is the most profitable province for the players operating in the market, which is due to infrastructure building in emerging economies such as India, China, Australia, and Japan. Governments in these countries have extended their budget to build better facilities and maintenance of existing ones, which is significantly favoring the market in this province.

Region with highest CAGR:

North America is also projected to have significant growth. The U.S. had spent approximately a trillion to fix the country’s aging infrastructure. This plan is predictable to consist of the repair of damaged roads, bridges, and highways with an expenditure of a trillion. This, in turn, is expected to boost the demand for concrete repair materials in the province.

Key players in the market:

Some of the key players profiled in the Concrete Repair Mortars Market include W.R. Meadows, Inc., The Euclid Chemical Company, Sika Ag, San Marco Group S.P.A., Saint-Gobain Weber S.A., Ronacrete Ltd., Resikon Construction Chemicals, Remmers Baustofftechnik GmbH, Pidilite Industries Ltd., Perma Construction Aids Pvt. Ltd., Mc-Building Chemicals Muller & Partners, Mapei S.P.A, John Newton & Company Ltd., Garon Products Inc., Fosroc International Ltd., Flexcrete Technologies Ltd, Dryvit UK Ltd., Dayton Superior Corporation, Chembond Chemicals Limited, Normet.

Key developments:

In May 2020: Normet launched a new product for industrial construction. The products are TamSeal TG91, and TamSeal TG92 have been formulated using plant-oil-based technology. This development helps the company to increase revenue and product portfolio.

In September 2020: MAPEI S.p.A. launched a new product name MAPEI’s Osmotic cementitious mortar with exceptional and varied applications as the product has comprehensive waterproofing capabilities. This development helps the company to increase revenue.

In October 2020: Sika announced that it had added a new mortar production facility in Chengdu, China. The expansion is expected to improve the distribution network in China. The expansion will help the company to meet the rising demand for mortars in the country.

Types Covered:
• Polymer Modified Cementitious Mortars (PMC)
• Epoxy Based Mortars
• Sbr Latex
• Acrylic

Grades Covered:
• Structural
• Non Structural

Applications Covered:
• Hand Applied Concrete Repair Mortars
• Levelling / Fairing Mortars for Concrete Repairs
• Machine Applied / Sprayed Concrete
• Protective Surface Coatings for Concrete
• Repair Mortars, Poured / Flow Applied Concrete Repairs (Re-Casting Concrete Repairs)

End Users Covered:
• Commercial
• Industrial and Infrastructure
• Marine
• Residential
• Utility

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025 and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances