Transparency Market Research Reports incorporated a definite business overview and investigation inclines on “Concrete Repair Mortars Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” This report likewise incorporates more illumination about fundamental review of the business including definitions, requisitions and worldwide business sector industry structure.
Albany, NY -- (SBWIRE) -- 12/15/2016 -- Concrete repair mortar is a material used for the mending and protection of concrete structures. It provides fortification against cracking, chemical anchoring, and reinforcement corrosion. It helps maintain the moisture content in concrete and also enables the restoration and refurbishment of those structures by profiling them a second time. Concrete repair mortar also increases the resistance of the concrete surfaces against chemical attack. Some of its important features include improved bond strength and densities & impermeability, tensile strength, and thixotropy; and lowered shrinkage and cracking tendencies. Concrete repair mortar plays an important role in various end-use industries such as building, road & infrastructure, utility, and marine structures.
Based on type, this market can be segmented into polymer-modified cement (PMC) mortar and epoxy-based cement mortar. PMC mortar is touted to witness significant evolution during the forecast period primarily due to characteristics such as extraordinary workability, tensile strength, and adhesion. It is also an environment-friendly and low-cost product, which drives the cement repair mortar market. Epoxy-based cement mortar has limited applications in the concrete repair industry due to its high strength requirements. In terms of application, the market for concrete repair mortar can be divided into the manual, spraying, and pouring categories. The manual segment is expected to be dominant in the near future, due to its low cost and convenience offered.
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Rising demand for alternative cementation materials in the cement manufacturing industry and a preference to repair the existing infrastructure over constructing new buildings are some of the main features furthering the concrete repair mortar market during the forecast period. Proper maintenance of a concrete structure is essential in order to guarantee its designed lifetime, since there could be multiple causes for it to deteriorate. Concrete repair mortar acts as replacement concrete in the structure. It is also employed to repair the architectural shape of old structures and restore the physical functions of old and deteriorated buildings. At the same time, its durability and dimensional compatibility with the existing concrete are some of the challenges faced by the players operating in this market. These have compelled manufacturers to come up with newly formulated concrete repair mortar products such as concrete repair with geopolymer mortar.
In terms of region, the global market for concrete repair mortar is distributed over North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. Asia Pacific is likely to dominate the market in the near future, owing to the swiftly expanding building & construction industry in the region caused by the rapid urbanization in countries such as China and India. Increasing levels of road and infrastructure maintenance in countries such as the U.S., Germany, and Australia also boosts the demand for concrete repair mortars. Several prominent cement & concrete manufacturing companies are shifting their focus onto green raw materials. Companies are adopting strategies such as partnerships, joint ventures, and mergers & acquisitions in order to expand their respective market share and distribution network. This, in turn, is supplementing the global concrete repair mortar market.
Key players include Adhesive Technology Corporation, BASF SE, Flexcrete Technology Ltd, Fosroc International Ltd, Mapei S.P.A., Pidilite Industries Ltd, Remmers Baustofftechnik GmbH, Saint-Gobain Weber S.A., Sika AG, and The Euclid Chemical Company.
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