The global concrete repair mortar market was valued at $2,722.7 million in 2020 and is projected to reach $5,310.7 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. Concrete repair mortar is a specialized construction material designed to restore and rehabilitate damaged or deteriorated concrete surfaces. It provides strength, durability, and adhesion to repair cracks, spalls, and surface defects, ensuring the structural integrity and longevity of concrete structures.
The concrete repair market is driven by the rising demand for the repair and maintenance of existing buildings and road infrastructures worldwide which require concrete repair mortar in significant amounts. In addition, reconstruction activities that include repair & rehabilitation of old infrastructure and buildings, as well as renovation of homes, are also driving the market growth. Furthermore, various advantages of mortar such as high strength, fire resistance, and durability also positively affect the market. In addition, cement and sand mortar is a semi-liquid substance that easily fills the gap between two or more bricks, stones, or blocks, eventually providing an even load distribution across the wall or other structure.
Furthermore, due to rising inflation mainly driven by the Ukraine-Russia war, the fluctuating market demand, as well as the raw materials prices have historically been subject to volatility due to factors such as supply-demand imbalances, and global economic conditions. This has led to slow-paced growth of the concrete repair mortar market and its related industries.
The concrete repair mortar market is segmented on the basis of type, application, end-user industry, and region. By type, the market is bifurcated into cementitious and epoxy. Furthermore, by application segment is further categorized into structural and non-structural. Depending upon the end-user industry, the market is categorized into building construction and infrastructure. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the concrete repair mortar market are provided in the report. Major companies in the report include Alccotech Building Materials Pvt Ltd., BASF SE, Fosroc, Inc., Laticrete International, Inc., MAPEI S.p.A., Perma Construction Aids Pvt. Ltd., Saint Gobain, Sika AG, W. R. Meadows, Inc., and Xypex Chemical Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concrete repair mortar market analysis from 2020 to 2032 to identify the prevailing concrete repair mortar market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the concrete repair mortar market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global concrete repair mortar market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
By Application
- Structural
- Non-Structural
By End User Industry
- Building Construction
- Infrastructure
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players:
- Saint Gobain
- MAPEI S.p.A.
- Perma Construction Aids Pvt. Ltd.
- W. R. Meadows, Inc.
- Fosroc, Inc.
- Sika AG
- Xypex Chemical Corporation
- BASF SE
- Alccotech Building Materials Pvt Ltd.
- Laticrete International, Inc.