08-Oct-2021 | Zion Market Research
Major companies in the Concrete Repair Mortars Market are Sika AG, Pidilite Industries Ltd., BASF SE, Mapei S.p.A., Fosroc Inc., Remmers Gruppe AG, RPM International Inc., Flexcrete Technologies Ltd., Adhesives Technology Corporation and Master Builders Solutions among others. These players are set to bolster the development of the global Concrete Repair Mortars Market.
According to analysts at Zion Market Research, the global Concrete Repair Mortars market accounted for USD 2,190.2 Million in 2020 and is expected to reach USD 3,479.1 Million by 2028, growing at a CAGR of 6.2% from 2021 to 2028.
This review is based on a report by Zion Market Research, titled “Concrete Repair Mortars Market By Type (Polymer Modified Cementitious (PMC) Mortars and Epoxy Based Mortars), By Application Method (Hand/Troweling, Pouring and Spraying), By Grade (Structural and Non-Structural), By End-use Industry (Buildings and Carparks, Road Infrastructure, Utility and Marine), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.”
Old Infrastructure’s Re-establishment and Restoration to Propel Growth
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 and durability 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 fuelled the global market. The increasing job opportunities along with low-cost labour are expected to fuel the growth of the global market.
Browse the full “Concrete Repair Mortars Market By Type (Polymer Modified Cementitious (PMC) Mortars and Epoxy Based Mortars), By Application Method (Hand/Troweling, Pouring and Spraying), By Grade (Structural and Non-Structural), By End-use Industry (Buildings and Carparks, Road Infrastructure, Utility and Marine), and By Region: Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/concrete-repair-mortars-market
Enormous Demand from the Construction Industry to Assist Asia Pacific Growth
Asia Pacific has been dominating the global Concrete Repair Mortars market. This dominance can be attributed to the increasing demand for the construction industry in China and India.
Subsequently, the rising expenditure on repairing and maintenance drives the global market in Australia, US, Germany, and Japan.
The Global Concrete Repair Mortars Market is segmented as follows:
By Application Method
By End-use Industry
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