Concrete Repair Mortars - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Concrete Repair Mortars Market is accounted for $2.00 billion in 2018 and is expected to reach $3.6 billion by 2027 growing at a CAGR of 7% during the forecast period. Some of the factors such as rising population and increase the life span of the existing buildings are fuelling the growth of the market. However, stringent regulations in emerging countries are likely to hamper the profit boundaries of the market.
Concrete repair mortar material mends and protects the existing structures by providing strengthening against cracking, restricting corrosion, and chemical anchoring. With benefits such as improved bond strength, lowered shrinkage, impermeability, density, tensile force, and thixotropy, concrete repair mortars are highly useful for several industries such as road and infrastructure, marine structures, utility, and building and construction.
Based on Type, Polymer Modified Cementitious (PMC) Mortars segment is going to have a lucrative growth during the forecast period owing to the several benefits of polymer modification, such as tensile strength, high workability, and adhesion. By geography, Asia Pacific is likely to have a huge demand due to high population is putting pressure on the existing infrastructure, which is also deteriorating at fast rate due to the use of shoddy materials are the driving factors for this region.
Some of the key players in Global Concrete Repair Mortars market include Adhesive Technology Corporation, Aquafin, Inc., Ardex GmbH, BASF SE, Chembond Chemicals Limited, Dayton Superior, Flexcrete Technologies Ltd, Fosroc International Ltd., Garon Product Inc., M C Building Chemicals, Perma Construction Aids Pvt Ltd., Pidilite Industries Ltd, Remmers Baustofftechnik GmhH, Ronacrete Ltd., Saint-Gobain Weber S.A., TCC Materials, The Euclid Chemical Co. and W. R. Meadows, Inc.
• Non Structural
• Epoxy Based Mortars
• Polymer Modified Cementitious (PMC) Mortars
Application Methods Covered:
End Users Covered:
• Buildings & Carparks
• Road and Infrastructure
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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