The global Concrete Repair Mortars market size is expected to be worth around US$ 3.5 billion by 2027, according to a new report by Vision Research Reports.
The global Concrete Repair Mortars market size was valued at US$ 2.4 billion in 2019 and is anticipated to grow at a CAGR of 4.6% during forecast period 2020 to 2027.
Growth Factors
Economies across the globe are emphasizing on maintaining the transport infrastructure to reduce the overall transportation time and cost, thereby driving the market growth. Governments globally are increasing their infrastructure spending as a part of economic development strategies and also to cater to the transportation requirements of the rising population.
The aforementioned trend is likely to propel the infrastructure construction, thereby boosting the periodic maintenance activities. Hence positively impacting the repair materials market growth. In 2015, United Member states signed a 2030 Agenda for Sustainable Development that aims to significantly reduce the global number of deaths and injuries from road traffic crashes.
This initiative has made road infrastructure improvement and maintenance activity as a prime focus for the government bodies across the globe. Key market players are increasingly investing in R&D to introduce advanced concrete repair mortars with low production costs and a broader range of applications. In addition, advancements in the nanotechnology field are also supplementing these R&D activities initiated by major companies.
Report Highlights
Polymer Modified Cementitious (PMC) mortar type held the largest market share of over 86% in 2019. The segment is estimated to retain its leading position expanding at the fastest CAGR over the forecast period. Superior properties offered by the PMC mortars, such as resistance to chemical ingress, waterproofing, considerable durability, and toughness, are expected to drive their demand.
The hand/trowel method led the market in 2019 with a share of over 53%. The segment is projected to expand further at the fastest CAGR from 2020 to 2027 on account of the method’s versatility in both vertical and horizontal repair of buildings. In addition, the hand/trowel method is effective for both non-structural as well as structural repairs. It also offers high functionality in filling gaps or cracks having a repair depth of 15 to 70 mm. These factors are expected to drive the segment growth over the next eight years.
The structural grade segment led the global market in 2019 and accounted for 61% of the overall share. Structural-grade concretes offer high strength properties for carrying the structural load and forms an integral part of a structure. Non-structural concretes exhibit comparatively low strength and are applied for temporary loading and small compression.
The road infrastructure segment led the market in 2019 and held over 54% of the global share. Governments across the globe are focusing on improving their transport infrastructure to cut down the overall transportation cost as well as time. In addition, the 2030 Agenda of sustainable development signed by the UN member countries in 2015, also aims to improve road conditions in their respective countries to significantly reduce the number of road accidents.
The Asia Pacific led the global market in 2019 accounting for over 34% of the overall share. It is also expected to be the fastest-growing regional market from 2020 to 2027. The growth is attributed to the rising population, which puts pressure on the existing infrastructure resulting in deterioration of the structure creating demand for repair materials.
Key Players
The Euclid Chemical Company
Remmers Baustofftechnik GmbH
Flexcrete Technologies Ltd.
Saint Gobain Weber S.A.
Pidilite Industries Ltd.
Sika AG
Fosroc, Inc.
Market Segmentation
Type Outlook
Polymer Modified Cementitious (PMC)
Epoxy-based
Application Method Outlook
Hand/Troweling
Pouring
Spraying
Grade Outlook
Structural
Non Structural
End-use Outlook
Building & Car parks
Road Infrastructure
Utility
Marine
Regional Outlook
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
France
Russia
Asia Pacific
China
Japan
India
Central & South America (CSA)
Brazil
Middle East & Africa (MEA)
Saudi Arabia
UAE
The Concrete Repair Mortars market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Concrete Repair Mortars market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Concrete Repair Mortars market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Concrete Repair Mortars market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Concrete Repair Mortars market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Concrete Repair Mortars capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Concrete Repair Mortars by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Concrete Repair Mortars market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Concrete Repair Mortars market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Concrete Repair Mortars market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Concrete Repair Mortars industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Concrete Repair Mortars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Concrete Repair Mortars market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Concrete Repair Mortars market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Concrete Repair Mortars market. These factors have benefited the growth of the global market for Concrete Repair Mortars. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Concrete Repair Mortars. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Concrete Repair Mortars are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers