Concrete Repair Mortars Market by Type (PMC and Epoxy Based), Application Method (Hand/Troweling, Spraying, Pouring), End-use Industry (Buildings & Car Parks, Road Infrastructure, Utility, Marine, and Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026395 | Pages: 100 | Industry: Chemicals and Materials | Date: Sep 2022 | Type: Global

The market crossed US$ 2.79 billion mark in 2022 and is expected to hit US$ 5.13 billion by 2030, recording a CAGR of 7.9% during the forecast period. 

Growing pressure on existing infrastructure due to the growing population

The infrastructure development plays a vital role in any country’s growth. The infrastructure includes bridges, roads, pavements, water reservoirs and pipelines, communication networks, power transmission facilities and others. The growing pressure on the existing infrastructure is mounting due to the increasing population and migration activities. The population in India and China roughly accounts for about 37% of the world population. The high population in these countries leads to unbalanced distribution of available resources. The current infrastructure, such as roads and bridges, is overburdened by the population rise and is showing signs of depletion. This has led the authorities to take up maintenance and repair initiatives in these countries. Thus, the increasing infrastructure redevelopment will drive the concrete repair mortars market during the forecast period.

 

Within the report, the market is segmented into type, application method, end-use industry, and geography. By product type, the market is further segmented into PMC and epoxy based. On the basis of the application method, the market is bifurcated into hand/trawling, spraying, and pouring. By end-user industry, the market is categorized into less than buildings & car parks, road infrastructure, utility, marine and others. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

 

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Shifting trend toward renewable energy generation.

The developed nations, especially in Europe, have promised to diminish their carbon emission rates. This has led to a change in their preference toward renewable energy sources, such as wind energy and hydropower. The old thermal power plants are being closed down in the Europe due to their commitment to plummeting their carbon footprint. Wind turbine and dams structures require more periodic maintenance than that for thermal power plants to function properly. Thus, the increasing acceptance of renewable energy is likely to create opportunity  for concrete repair mortar manufacturers to grow their business, especially in wind turbine and hydropower sectors.

Rising adoption in various end-use industries is one of the major factors accelerating the market growth.

The road construction activities have been growing in recent years. Road infrastructure includes bridges & tunnels, roads, walkways, as well as cycling tracks. It is vital for countries to maintain their road infrastructure as they are of major importance for the transportation of people as well as goods. Decent quality roads reduce the time spent on transportation, and also its cost. The periodic maintenance of road infrastructure is also necessary to prevent any mishaps or accidents. These factors are likely to boost the road infrastructure segment growth.

 

Recent strategic developments in Concrete Repair Mortars market

The concrete repair mortars market has undergone several significant developments, and a few of these are mentioned below:

  • Fosroc and ChemTech entered a joint venture for manufacturing and distribution of construction chemical materials in December 2020.
  • Sika added a new mortar production facility in Chengdu, China in  October 2020.

The concrete repair mortars market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Sika AG, Fosroc International Ltd., MBCC, Mapei S.p.A, Saint-Gobain Weber S.A, and Pidilite Industries Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Concrete repair mortars related associations organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Construction material distributors and sales firms
  • End users of concrete repair mortars
  • Road infrastructure manufacturers
  • Building and construction organizations
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented based on:

  • Type:
    • Polymer modified cementitious mortars
    • Epoxy based mortars

 

 

  • Application Method
    • Hand/Trawling
    • Spraying
    • Pouring
  • End-Use Industry:
    • Buildings & Car parks
    • Road Infrastructure
    • Utility
    • Marine
    • Others

 

  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Sika AG
    • Fosroc International Ltd.
    • MBCC
    • Mapei S.p.A
    • Saint-Gobain Weber S.A
    • Pidilite Industries Ltd.

Companies profiled
- Sika AG
- Fosroc International Ltd.
- MBCC
- Mapei S.p.A
- Saint-Gobain Weber S.A
- Pidilite Industries Ltd.

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