Concrete Repair Mortars Market worth $4.0 billion by 2026 | Key players Sika AG, osroc International, MBCC, Mapei SpA, Saint-Gobain Weber SA

According to recent market research the "Concrete Repair Mortars Market by Type (PMC and Epoxy Based),Application Method (Hand/Trawling, Spraying, Pouring), End-use Industry (Buildings & Car parks, Road Infrastructure, Utility, Marine), Grade and Region - Global Forecast to 2026", The concrete repair mortars market is projected to grow from USD 2.6 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.7%. The use of concrete repair mortars strengthens the buildings and increase their life span. They also helps 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.

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The polymer modified cementitious mortars are expected to be the most commonly used type of concrete repair mortars during the forecast period. The growth is attributed to their lower cost in comparison to epoxy based mortars. The polymer modified cementitious mortars are also easy to use and can be used for both structural and non-structural repairs, which has added to their popularity in the market.

Structural is the faster-growing grade in the market during the forecast period. The repair mortars used in the structural repair of the building are called structural grade mortars. These mortars are primarily used in the buildings & carparks, roads, industries, and marine infrastructure. Builders are more concerned about structural damages than non-structural damages. The structural damages can be fatal for the structures if they are not periodically maintained. Most of the aging buildings and bridges are likely to have structural damages. These factors are expected to drive the growth of the structural grade concrete repair mortars during the forecast period.

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The concrete repair mortars market is projected to grow from USD 2.6 billion in 2021 to USD 4.0 billion by 2026, at a CAGR of 8.7%. 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.

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The leading players in the global concrete repair mortars market include Sika AG (Switzerland), Fosroc International Ltd (UK), MBCC (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.

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.

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.

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