Global Concrete Repair Mortars Market, Forecast to 2024 - Growing Trend of Shifting to Renewable Energy Generation Presents Lucrative Opportunities

DUBLIN, Feb. 6, 2020 /PRNewswire/ -- The "Concrete Repair Mortars Market by Type (PMC and Epoxy Based), Application Method (Hand/Trawling, Spraying, Pouring), End-use Industry (Buildings & Carparks, Road Infrastructure, Utility, Marine), Grade (Structural and Non Structural) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The global concrete repair mortars market size was estimated at USD 2.1 billion in 2019 and is projected to reach USD 2.8 billion in 2024, at a CAGR of 6.1%.

The high growth is attributed to rising pressure on the existing infrastructure due to the rise in population. Concrete repair mortars are materials used in replacing corroded concrete in the existing structures, which helps in improving the lifespan of the structures.

The major players in the concrete repair mortars market are Sika AG (Switzerland), Fosroc International Ltd. (UK), BASF SE (Germany), Mapei SpA (Italy), Saint-Gobain Weber SA (France), Pidilite Industries Ltd. (India), Remmers Baustofftechnik GmbH (Germany) Flexcrete Technologies Ltd. (UK), The Euclid Chemical Co. (UK), and Adhesive Technology Corp. (US).

Buildings & carparks - the largest end-use industry in the overall concrete repair mortars market.

Buildings & carparks are projected to be the largest end-use industry of the concrete repair mortars market. The large market size for this segment is attributed to the high need for repair in the buildings & carparks as they are built to last for a long time period. The concrete tends to crack and corrode due to exposure to extreme environmental conditions over a long time period. The demand for concrete repair mortars in buildings & carparks is rising as they prevent the buildings from collapsing and increase their lifespans.

Hand/Trawling is the fastest-growing application method segment in the concrete repair mortars market.

Hand/trawling is expected to be the fastest-growing method of application in the concrete repair mortars market during the forecast period. This method can be used in various forms and for both structural and non-structural repair. The application method can be used for both horizontal and vertical repair. The polymer-modified cementitious mortars are mostly applied through hand/trawling, having a repair depth of 10-75 mm in this method. This will help the growth of the concrete repair mortars market during the forecast period.

APAC is the largest and the fastest-growing market of concrete repair mortars market

APAC is projected to be the largest and the fastest-growing market of concrete repair mortars. The high growth rate of the market in the region is due to high investment in the maintenance of public infrastructure by governments, which is expected to drive the concrete repair mortars market in the region during the forecast period. Key countries in the region are China, Japan, India, Australia, and South Korea. High investment in public infrastructure to cater to the large population is leading to a high rate of deterioration of the structures. This is expected to lead to the demand for repairs of structures during the forecast period.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Opportunities in the Concrete Repair Mortars Market By Type and Country
4.2 Global Concrete Repair Mortars Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Pressure on Existing Infrastructure Due to Rising Population
5.2.1.2 Deteriorating Condition of Existing Infrastructure
5.2.1.3 The Need to Increase the Life Span of the Existing Buildings
5.2.2 Restraints
5.2.2.1 Stringent Regulations in Europe
5.2.3 Opportunities
5.2.3.1 Growing Trend of Shifting to Renewable Energy Generation
5.2.4 Challenges
5.2.4.1 Rise of New Construction Technology as A Replacement for Repair Materials
5.3 Porter's Five Forces Analysis
5.4 Yc, Ycc Drivers

6 Concrete Repair Mortars Market, By Type
6.1 Introduction
6.2 Polymer Modified Cementitious (PMC) Mortars
6.2.1 SBR Latex
6.2.2 Acrylics
6.3 Epoxy Based Mortars

7 Concrete Repair Mortars Market, By Grade
7.1 Introduction
7.2 Structural
7.3 Non Structural

8 Concrete Repair Mortars Market, By Application Method
8.1 Introduction
8.2 Hand/Trawling
8.3 Pouring
8.4 Spraying

9 Concrete Repair Mortars Market, By End-Use Industry
9.1 Introduction
9.2 Buildings & Carparks
9.3 Road Infrastructure
9.4 Utility
9.5 Marine

10 Concrete Repair Mortars Market, By Region

11 Competitive Landscape
11.1 Introduction
11.2 Competitive Scenario
11.2.1 Expansions
11.2.2 Acquisitions
11.2.3 New Product Launches

12 Company Profiles
12.1 Sika AG
12.1.1 Business Overview
12.1.2 Products Offered
12.1.3 Recent Developments
12.1.4 Winning Imperative
12.1.5 Current Focus & Strategies
12.1.6 Threat of Competitors
12.1.7 Sika's Right to Win
12.2 Fosroc International Ltd.
12.3 BASF SE
12.4 Mapei S.p.A
12.5 Saint-Gobain Weber S.A.
12.6 Pidilite Industries Ltd.
12.7 Remmers Baustofftechnik GmhH
12.8 Flexcrete Technologies Ltd.
12.9 The Euclid Chemical Co.
12.10 Adhesive Technology Corporation
12.11 W. R. Meadows, Inc.
12.12 Ardex GmbH
12.13 Garon Product Inc.
12.14 MC Building Chemicals
12.15 Ronacrete Ltd.
12.16 TCC Materials
12.17 Chembond Chemicals Limited
12.18 Perma Construction Aids Pvt. Ltd.
12.19 Dayton Superior
12.20 Aquafin, Inc.

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