Global Concrete Repair Mortars Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028-Increasing demand for repair and maintenance, rising demand for polymer-modified concrete (PMC), and growing NUMBER OF product innovations are some of the major factors driving the growth of the Global Concrete Repair Mortars Market.
The Concrete Repair Mortars Market was valued at USD 3.28 Billion in 2021 and expected to reach USD 5.74 Billion by 2028 with the CAGR of 8.34% over the forecast period.
Concrete repair mortar is used for the repair and protection of concrete structures. Concrete repair mortar protects against cracking, corrosion, and chemical anchoring. The main types of concrete repair mortar include cementitious concrete repair mortar, epoxy concrete repair mortar, and epoxy resin-based concrete. Cementitious concrete repair mortars refer to cement-based binding materials used to bond bricks, stones, and other similar building materials together. It helps to retain moisture in the structure and restore the concrete structure by re-profiling. It offers characteristics including shrinkage tendency and low cracking, impermeability and high bond strength, density, and tensile strength of structures. These mortars have numerous applications in end-use industries such as infrastructure, marine structures, buildings, and roads.
The Covid-19 pandemic has shown a negative impact on the growth of the global concrete repair mortars market. The outbreak of covid-19 has created several challenges for the concrete repair mortar industry. The decline of the global economy, the duration of the recession, and the path to recovery will largely determine the nature and intensity of the challenges. Due to the increasing number of Covid-19 cases worldwide, several ongoing construction repair projects have been halted by various countries. New guidelines & regulations issued by the government have created uncertainty & confusion for construction companies as well as laborers. This has also affected the concrete repair mortar industry.
The global concrete repair mortars market is segmented based on the type, application, grade, end-use and region & country level. Based on type, the global concrete repair mortars market is classified into epoxy-based, and polymer-modified cementitious (PMC). By application, the global market is classified into spraying, hand/troweling, and pouring. By grade, the global concrete repair mortars market is classified into non-structural, and structural. By end-use, the global market is classified into utility, building & car parks, road infrastructure, and marine.
The regions covered in the global concrete repair mortars market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global concrete repair mortars is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global concrete repair mortars market report cover prominent players like -
One of the major factors driving the growth of the concrete repair mortars market is the increasing demand for repair and maintenance and building & construction industry. For example; 1.2 million new housing units are planned every year in the US. The commercial construction sector has recorded an 8% annual growth between 2014–2019.90% of US contractors are worried about a possible labor shortage. Due to the deterioration of materials and structures and due to the combined effect of loads and external conditions, the demand for repair and maintenance of building infrastructure is increasing. Repairing and improving a structure is preferable to demolishing and rebuilding as it is more economical and cost-effective. In response to the increasing demand for repair and maintenance of existing buildings and road infrastructure, concrete repair mortars will be used significantly, as they are an essential part of the repair and maintenance of concrete structures.
In addition, the rising demand for polymer-modified concrete (PMC) is boosting the growth of the concrete repair mortars market. Polymer-modified concrete (PMC) is increasingly being used as a building material in structural applications. Polymer concrete has exceptional durability properties and provides great strength to buildings. PMC is produced by modifying ordinary cement mortar or concrete with polymer additives such as re-dispersible polymer powders, latex, water-soluble polymers, liquid resins, and monomers. The combination of natural polymers with inorganic materials leads to the development of high-strength and durable construction materials. Currently, PMC is mainly used for resurfacing, flooring, and patching. It is also used as a covering on bridges and roads, both for new construction and to repair existing damaged structures. However, PMC is widely used in concrete structures due to its properties such as high tensile strength, bond strength, resistance to cracking, high flexural strength, and impermeability.
Moreover, the growing number of product innovations are also supplementing the market growth. Key players are focusing on launching innovative concrete repair mortars that use water-based, eco-friendly, and low-hazard formulations with zero use of VOCs (volatile organic compounds). For example; on July 22nd, 2022; Sika UK launched a new range of low-carbon concrete repair mortars, which will set "a new standard for low environmental impact concrete".
However, the lack of awareness regarding the concrete repair mortars may hinder the growth of the global concrete repair mortars market. Despite that, technological advancements in this field may create more opportunities for the further growth of the market.
Geographically, Asia Pacific is expected to show a significant growth in the global concrete repair mortars market within the forecast period due to the increasing investment in the construction of new buildings & infrastructure, rising spending on maintenance, and growing population these factors boost the market. Increasing investment in the construction of new buildings & infrastructure is driving the growth of the market. For instance, according to Smart City Mission, on February 20th, 2021; the Government of India with the mission to develop 100 smart cities in the nation. And; India plans to spend US$ 1.4 trillion on infrastructure through ‘National Infrastructure Pipeline’ in the next five years. In FY21, infrastructure activities accounted for 13% share of the total FDI inflows of US$ 81.72 billion. India will need to construct 43,000 houses every day until 2022 to achieve the vision of Housing for All by 2022. In addition, the rising spending on maintenance is another factor supplementing the market growth in this region. For instance; according to PRS India, in 2022-23, the ministry allocated Rs 2,586 crore for the maintenance of roads and highways (including toll bridges).
Europe is the fastest-growing region in the global concrete repair mortars market due to increasing demand from the road and infrastructure maintenance sector, and the presence of key players in this region. For instance; on July 22nd, 2021; Sika UK launched a new range of low-carbon concrete repair mortar.
On July 22nd, 2022; Sika UK launched a new range of low-carbon concrete repair mortars, which will set "a new standard for low environmental impact concrete". Designed for long-term concrete repair, the company's new monotop mortars use less carbon and are made from recycled materials. Bonding binders and concrete and leveling mortar product ranges, all contain recycled waste materials.
On September 25th, 2019; Sika launched an all-in-one repair mortar for easy, cost-effective embedding of galvanic anodes. Sika MonoTop-412 N is ideal for a range of concrete-based repairs, increasing the bearing capacity of critical infrastructures such as buildings, bridges, and tunnels. Sulfate-resistant and fiber-reinforced, the system offers a one-hit solution when embedding galvanic anodes. Sika MonoTop-412 N is fully compatible with Sika Galvashield XP Anodes due to its low resistance figure. With extremely favorable high yield (up to 13.7 liters per 25 kg bag).
|2015 - 2020
|2021 - 2028
|Market Size in 2021:
|USD 3.28 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 5.74 Billion
|Tables, Charts & Figures:
|MC-Bauchemie, The Euclid Chemical Company, Remmers Limited, Ronacrete Ltd, Master Builders Inc., Fosroc, Inc., Sika AG, Flexcrete Technologies Ltd, Dayton Superior Corporation., MAPEI S.p.A., Saint-Gobain Weber, Pidilite Industries Ltd., Adhesives Technology Corporation, W. R. Meadows, Inc., and others.
|By Type, By Application, By Grade, By End-Use
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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