Concrete Repair Mortars Market | Key players operating in the market include Sika AG, Fosroc International Ltd., BASF SE, Mapei SpA, Saint-Gobain Weber SA, Pidilite Industries Ltd.

According to recent market research "Concrete Repair Mortars Market by Type (PMC and Epoxy Based), Application Method (Hand/Trawling, Spraying, Pouring), End-use Industry (Buildings & Carparks, Road Infrastructure, Utility, Marine), Grade (Structural and Non Structural) - Global Forecast to 2024", The concrete repair mortars market size is estimated to be USD 2.1 billion in 2019 and projected to reach USD 2.8 billion, by 2024, at a CAGR of 6.1%.

The use of concrete repair mortars strengthens the buildings and increase their life span. They also help in saving costs for new construction in the process. In addition, governments are concerned about the deteriorating state of their infrastructure, which is expected to lead them to invest more in the market during the forecast period.

Browse 295 market data Tables and 22 Figures spread through 183 Pages and in-depth TOC on "Concrete Repair Mortars Market - Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/concrete-repair-mortar-market-160103226.html

The concrete repair mortars are available in a pre-mixed bag of mortars. They are used to replace the corroded concrete from the structure, with a stronger material to prevent further corrosion. The increasing population is putting pressure on the concrete structures that is causing rapid deterioration of the existing infrastructure. Deteriorated structures may lead to serious accidents that can be prevented through proper maintenance. Concrete repair mortars strengthen the weak structures and improve their overall lifespans.

The use of concrete repair mortars in the repair of road infrastructure end-use industry is expected to grow at the fastest CAGR during the forecast period. The road infrastructure end-use industry includes roads, walkways, bridges & tunnels, and cycling infrastructure. As most of the trade is conducted through roads and highways, a well-maintained infrastructure could increase the connectivity among the general public along with trade. Also, the increasing global population has resulted in congested roads, which, in turn, is leading to rapid deterioration of the road infrastructure. Periodic repair is required for maintenance of road infrastructure.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=160103226

The concrete repair mortars market size is estimated to be USD 2.1 billion in 2019 and projected to reach USD 2.8 billion by 2024, at a CAGR of 6.1%. Mortar is a mixture of cement and sand, often used to build brick or block walls. It is largely used in both new construction and repair of existing structures. Concrete repair mortars are generally used for the repair & maintenance of the old and deteriorated buildings and infrastructure.

The major driving factors in the concrete repair mortars market are the increasing pressure on the existing infrastructure due to rising population, and aging infrastructure that has led to the need to increase the lifespan of the concrete structures. Concrete repair mortars work excellently to remove the corroded concrete and act as a strong binder to prevent further degradation of the structure.
The leading players in the global concrete repair mortars market include Sika AG (Switzerland), Fosroc International Ltd (UK), BASF SE (Germany), Mapei SpA (Italy), Saint-Gobain Weber SA (France). These players account for significant market shares. The companies adopted expansion, acquisition and new product developments as key strategies to enhance growth in the market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=160103226

Sika AG (Switzerland) is a specialty chemical company having presence in more than 101 countries through more than 300 manufacturing plants spread across the globe. The company operates through four business segments, namely, EMEA, Americas, Asia-Pacific, and Global Business. It manufactures and sells products for bonding, sealing, damping, reinforcing, and protecting applications in the building and automotive industries. In May 2019, Sika AG (Switzerland) acquired Parex (France). Twenty seven percent of Sika's revenue is expected to come through the mortars businesses with the help of this acquisition. In November 2019 the company also added a mortars plant to its existing facility in Addis Ababa, Ethiopia. The expansion will help the company to meet the rising demand for mortars in the country.

Fosroc International Ltd (UK) is a high-performance chemical manufacturing company for the construction industry. It is particularly focused on concrete and cement-based technologies. In 2018, the company launched Patchroc250, a patch repair mortar for highway repairs. This product provides specialised solutions for maintenance of road infrastructure, which is a high growth repair market across the world.

Contact:

Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/concrete-repair-mortar.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/concrete-repair-mortar-market.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.

This release was published on openPR.