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Pulished Date November, 2020
ID: 10486
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Concrete Repair Mortars Market segmentation by Type (PMC and Epoxy Based), End-use Industry (Buildings, Infrastructure, Automotive, Marine, Mining), Grade (Structural and Non-Structural) and Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Forecast to 2025

Pulished: November, 2020
ID: 10486
Pages: 175

Concrete Repair Mortars Market Size and Growth:

Concrete Repair Mortars Market was valued at 2.1 billion in 2020 and are likely to grow at a CAGR of 6% in the forecast period of 2020 to 2025 to become a 2.8 billion USD industry. The need for construction materials is driving the growth of the market.

Recent Developments in the Concrete Repair Mortars Industry:

  • In May 2019, Sika completed the purchase of Parex (France), a leading maker of façade mortars, tile adhesives, and waterproofing adhesives. This will help the company enter into attractive market segments. Also, it added a new mortar plant at its facility in Addis Ababa, Ethiopia. This is expected to expand the product portfolio offering and increase the manufacturing capacity in the country.
  • In March 2018, Fosroc introduced its Patchroc250, a patch repair mortar for the repair of the highway. The product offers rapid and permanent reinstatement in thick sections of patches. This is likely to aid the firm to focus on road infrastructure, specifically.

Drivers and Restraints of Global Concrete Repair Mortars Market

The properties of concrete repair mortars including non-permeability, high tensile strength, stress immunity, etc. are going to boost their demand as an important construction material over the forecasted period. Further, the development of advanced mortar admixtures by key market players is further expected to improve the properties of these repair materials.

The product is used in various areas that require concrete repair, such as structural defects in buildings due to the extreme variations in temperature. Also, they also offer resistance against natural phenomena such as corrosion to internal structural supports, resulting from unwanted water inflow. As a consequence, concrete repair mortar prevents the degradation of the structure, thus extending its lifespan. In addition to this, this material has excellent bond strength that results in the increased structural strength of the buildings.

Huge investments by the governments across North America, Europe, Asia, and the Middle East, and Africa for the development projects of marine structures, long-lasting buildings, and roads are expected to bolster the infrastructure repair and maintenance activities, promoting the global concrete repair market.

Challenges in the Concrete Repair Mortars Market

The highly advanced material providing superior features are costly. Many industries do not consider such features as significant, resulting in being overlooked. In addition to this, extreme usage and adoption of products utilizing Concrete Repair Mortars will gradually reduce as manufacturing and building companies are enhancing their products to increase their longevity and enhance the quality, thereby reducing the probabilities of the defect.

concrete Repair Mortars market segmentation:

On the basis of Type

  1. Polymer Modified Cementitious Mortar
  2. Epoxy-based

On the basis of Grade

  1. Structural
  2. Non-Structural

On the basis of End-use

  1. Building
  2. Infrastructure
  3. Automotive
  4. Marine
  5. Mining

The automotive segment is growing rapidly, and this growth is expected to be maintained during the period between 2020 and 2025. The application of repair mortar products has also gained popularity in the automobile industry. These materials are available at a comparatively low cost when compared with other materials for the fixation activities.

The building and Infrastructure industry has witnessed a huge spike lately and affordable advanced features in construction materials are gaining fame due to its lightweight and ease of handling.  The mining industry has tremendously grown in the past few years, and it has triggered a high demand for the Concrete Repair Mortars industry. Iron & steel makes up about 70.0% of an automobile’s weight and therefore are in constant demand. According to the World Steel Association estimates, the automotive sector accounts for almost 12.0% of global steel consumption

Concrete Repair Mortars Market Regional Analysis:

Asia Pacific (APAC) region is expected to be the largest market during the forecast period of 2020 and 2025. In this region, China accounts for the biggest market. Construction, retail, transportation, etc. are some sectors where the demand for the Concrete Repair Mortars has increased rapidly over the past few years. The high population is exerting pressure on the infrastructure industry to grow and thus the demand for concrete materials is skyrocketing.

The second-largest market in North America. This is because the USA has been the leading producer of Concrete Repair Mortars in the North American region owing to its vast production capabilities and a strong economy. There has been an augmenting call for lightweight steel materials compared to a traditional iron. The construction sector is expanding across the world, which is promoting the growth of the business.

Key Market Players listed in the Global Concrete Repair Mortars Market are:

  1. Sika AG
  2. Mapei SPA
  3. BASF SE
  4. Ohara
  5. Saint Gobain
  6. Flexcrete
  7. Innovilt

Impact of COVID-19 on the Global Concrete Repair Mortars Market

Coronavirus has had its impact all over the globe. Markets of Europe, North America, and Asia are the most affected ones by the pandemic. Europe was the early hotspot for this virus and the lockdown affected overall manufacturing activities in the area. Following Europe, North American and Asian countries had to adopt a similar solution, with production activities coming to a halt; the market for Concrete Repair Mortars was left very narrow as the construction sector witnessed a standstill. The market giants have announced the suspension of production because of the reduced call, supply chain disruptions, and to ensure the security of employees in the United States amid this pandemic. As a consequence, the demand for Concrete Repair Mortars has declined in 2020. Recovery in the market is likely to start post-2021.

 

1. Introduction                             

      1.1 Market Definition            

      1.2 Scope of the report                      

      1.3 Study Assumptions                       

      1.4 Base Currency, Base Year and Forecast Periods              

2. Research Methodology                        

      2.1 Analysis Design                

      2.2 Research Phases              

                  2.2.1 Secondary Research     

                  2.2.2 Primary Research          

                  2.2.3 Data Modelling 

                  2.2.4 Expert Validation          

      2.3 Study Timeline                 

3. Report Overview                                  

      3.1 Executive Summary                     

      3.2 Key Inferencees               

4. Market Dynamics                                 

      4.1 Impact Analysis                

                  4.1.1 Drivers  

                  4.1.2 Restaints

                  4.1.3 Opportunities    

      4.2 Regulatory Environment              

      4.3 Technology Timeline & Recent Trends                

5. Competitor Benchmarking Analysis                            

      5.1 Key Player Benchmarking            

                  5.1.1 Market share analysis   

                  5.1.2 Products/Service           

                  5.1.3 Regional Presence        

      5.2 Mergers & Acquistion Landscape            

      5.3 Joint Ventures & Collaborations              

6. Market Segmentation                          

      6.1 Concrete Repair Mortars Market, By Type                      

                  6.1.1 Polymer Modified Cementitious Mortar          

                  6.1.2 Epoxy based      

                  6.1.3 Market Size Estimations & Forecasts (2019-2024)       

                  6.1.4 Y-o-Y Growth Rate Analysis      

                  6.1.5 Market Attractiveness Index    

      6.2 Concrete Repair Mortars Market, By Grade                   

                  6.2.1 Structural          

                  6.2.2 Non-Structural  

                  6.2.3 Market Size Estimations & Forecasts (2019-2024)       

                  6.2.4 Y-o-Y Growth Rate Analysis      

                  6.2.5 Market Attractiveness Index    

      6.3 Concrete Repair Mortars Market, By End-Use Industry              

                  6.3.1 Building 

                  6.3.2 Infrastructure    

                  6.3.3 Automotive       

                  6.3.4 Marine  

                  6.3.5 Mining   

                  6.3.6 Market Size Estimations & Forecasts (2019-2024)       

                  6.3.7 Y-o-Y Growth Rate Analysis      

                  6.3.8 Market Attractiveness Index    

7. Geographical Landscape                                  

      7.1 Global Identity Governance and Administration Market, by Region                  

      7.2 North America - Market Analysis (2018 - 2024)              

                  7.2.1 By Country        

                              7.2.1.1 USA

                              7.2.1.2 Canada

                  7.2.2 By Type 

                  7.2.3 By Grade

                  7.2.4 By End-Use Industry      

      7.3 Europe                  

                  7.3.1 By Country        

                              7.3.1.1 UK

                              7.3.1.2 France

                              7.3.1.3 Germany

                              7.3.1.4 Spain

                              7.3.1.5 Italy

                              7.3.1.6 Rest of Europe

                  7.3.2 By Type 

                  7.3.3 By Grade

                  7.3.4 By End-Use Industry      

      7.4 Asia Pacific                       

                  7.4.1 By Country        

                              7.4.1.1 China

                              7.4.1.2 India

                              7.4.1.3 Japan

                              7.4.1.4 South Korea

                              7.4.1.5 South East Asia

                              7.4.1.6 Australia & NZ

                              7.4.1.7 Rest of Asia-Pacific

                  7.4.2 By Type 

                  7.4.3 By Grade

                  7.4.4 By End-Use Industry      

      7.5 Latin America                   

                  7.5.1 By Country        

                              7.5.1.1 Brazil

                              7.5.1.2 Argentina

                              7.5.1.3 Mexico

                              7.5.1.4 Rest of Latin America

                  7.5.2 By Type 

                  7.5.3 By Grade

                  7.5.4 By End-Use Industry      

      7.6 Middle East and Africa                

                  7.6.1 By Country        

                              7.6.1.1 Middle East

                              7.6.1.2 Africa

                  7.6.2 By Type 

                  7.6.3 By Grade

                  7.6.4 By End-Use Industry      

8. Key Player Analysis                              

      8.1 Sika AG                 

                  8.1.1 Business Description     

                  8.1.2 Products/Service           

                  8.1.3 Financials          

                  8.1.4 SWOT Analysis  

                  8.1.5 Recent Developments   

                  8.1.6 Analyst Overview          

      8.2 Mapei SPA            

      8.3 BASF SE                

      8.4 Ohara                   

      8.5 Saint Gobain                     

      8.6 Flexcrete              

      8.7 Innovilt                 

9. Market Outlook & Investment Opportunities                         

Appendix                          

      List of Tables              

      List of Figures             

  1. Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  2. Segment-level analysis in terms of by  end user,by application,by  region, along with market size forecasts and estimations to detect key areas of industry growth in detail

  3. Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  4. Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  5. Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  6. A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  7. Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  8. An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  9. Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Concrete Repair Mortars Market By Region, From 2020-2025 ( USD Billion )

  2. Global Concrete Repair Mortars Market By Type, From 2020-2025 ( USD Billion )

  3. Global Polymer Modified Cementitious Mortar Market By Region, From 2020-2025 ( USD Billion )

  4. Global Epoxy based Market By Region, From 2020-2025 ( USD Billion )

  5. Global Concrete Repair Mortars Market By Grade, From 2020-2025 ( USD Billion )

  6. Global Structural Market By Region, From 2020-2025 ( USD Billion )

  7. Global Non-Structural Market By Region, From 2020-2025 ( USD Billion )

  8. Global Concrete Repair Mortars Market By End-Use Industry, From 2020-2025 ( USD Billion )

  9. Global Building Market By Region, From 2020-2025 ( USD Billion )

  10. Global Infrastructure Market By Region, From 2020-2025 ( USD Billion )

  11. Global Automotive Market By Region, From 2020-2025 ( USD Billion )

  12. Global Marine Market By Region, From 2020-2025 ( USD Billion )

  13. Global Mining Market By Region, From 2020-2025 ( USD Billion )

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