Concrete Repair Mortars Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Sarasota, FL -- (SBWIRE) -- 12/27/2017 -- Concrete repair mortar is a matter used for the protecting and repairing of concrete made structures. It offers protection against chemical anchoring, cracking, and corrosion. The concrete repair mortar maintains the moisture content and reestablishment of concrete structures by profiling them again. These mortars provide features such as high tensile strength, low cracking and shrinkage tendencies, high bond strength, impermeability, and high density to the structures. This mortar has various applications in the industries such as building, road, infrastructure, and marine structures. The rising demand for the repair mortar in the concrete industry fuels the global concrete repair mortar market.
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The increasing demand for the reestablishment of old infrastructures and alternative material for cement is the main factor that fuels the growth of the concrete repair mortars. The old infrastructures reparation and restoration of the old deteriorated buildings also drives the global market growth. The lifetime durability and dimensional compatibility with the existing concrete are the problems restraining the global market. Therefore, concrete repair geopolymer mortar has been developed to overcome this problem. The eco-friendly nature, high tensile strength, low cost, durability and so on boost the global concrete repair mortar market. The increased spending on the repairing and the high public and private partnership in the transport infrastructure has fueled the global market. The increasing job opportunities along with low-cost labor are expected to fuel the growth of the global market.
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The global concrete repair mortars market is divided based on the end-use industry, type, application method, and region. The type segment is further divided into the epoxy-based mortar and polymer-modified cementitious mortar. The end-use industry segment is bifurcated into utility industries, marine structure, building and car park, and road and infrastructure. The application method segment is categorized into pouring, spraying, and manual method. The regional segmentation includes North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The polymer-modified cementitious mortar segment witnessed huge demand in developed as well developing regions.
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Asia Pacific is the region currently with the largest market for global concrete repair mortars. The increasing demand for the construction industry in China and India fuels the concrete repair market in those regions. The rising expenditure on repairing and maintenance drive the global market in Australia, US, Germany, and Japan. However, due to the slowdown in the revenue restrains the growth in the European and North American global concrete repair mortar market.
The major players in the global concrete repair market include Fosroc International Ltd., Sika AG, Mapei S.p.A., Saint-Gobain Weber S.A., Pidilite Industries Ltd., BASF SE, Flexcrete Technologies Ltd., Adhesives Technology Corporation, The Euclid Chemical Company, and Remmers Baustofftechnik GmbH. The major companies adopt strategies such as agreement, contracts, and partnerships signing in order to further their growth in the market globally.
Global Concrete Repair Mortars Market: Regional Segment Analysis
The Middle East and Africa