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Concrete Repair Mortars Market Growth Drivers, Opportunities, Share Report And Forecast To 2032
Concrete Repair Mortars Market Analysis
The Business Research Company's Concrete Repair Mortars Global Market Report 2023 identifies rising demand for repair and maintenance of existing buildings and road infrastructures as the major driver for the concrete repair mortars market's growth in the forecast period. Due to the degradation of materials and structures caused by the combined effect of loads and external conditions, there is an increasing demand for building infrastructure repair and maintenance. Repairing and upgrading a structure is preferable to destroying and rebuilding as it is cost-effective and economical. There will be a significant utilization of concrete repair mortars in response to the rising demand for repair and maintenance of existing buildings and road infrastructures as they are an essential part of the repair and maintenance of concrete structures.
The global concrete repair mortars market size grew from $2.8 billion in 2022 to $3.05 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The concrete repair mortars market size is expected to grow to $4.14 billion in 2027 at a CAGR of 7.9%.
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Major competitors in the concrete repair mortars market are Adhesives Technology Corporation, The Euclid Chemical Company, Remmers Limited, Pidilite Industries Ltd., Fosroc Inc., Sika AG.
A key trend in the concrete repair mortars market includes product innovation. Key players are focusing on launching innovative concrete repair mortars, which are water-based, environmentally friendly, and utilize low hazard formulations with zero usage of VOCs (volatile organic compounds. These solutions are focused on enabling high build and high strength structures as well as reduced carbon footprint. Innovative concrete repair mortars offer structural strength, reinstatement of structural integrity, long life protection, and extension. These products provide key players with a competitive edge and enhance their market position.
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The concrete repair mortars market is segmented -
1) By Type: Cementitious Concrete Repair Mortars, Epoxy Concrete Repair Mortars, Epoxy Resin-Based Concrete
2) By Grade: Structural, Non Structural
3) By Application: Hand Applied Concrete Repair Mortars, Machine Applied/Sprayed Concrete Repair Mortars, Poured/Flow Applied Concrete Repair Mortars, Levelling/Fairing Mortars for Concrete Repairs, Protective Surface Coatings for Concrete
4) By End-Use: Utility, Roads and Infrastructure, Buildings, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the concrete repair mortars market.
The Business Research Company's "Global Concrete Repair Mortars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Concrete Repair Mortars Market Include:
1. Executive Summary
2. Concrete Repair Mortars Market Characteristics
3. Concrete Repair Mortars Market Trends And Strategies
4. Concrete Repair Mortars Market - Macro Economic Scenario
5. Concrete Repair Mortars Market Size And Growth
…..
26. Africa Concrete Repair Mortars Market
27. Concrete Repair Mortars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Concrete Repair Mortars Market
29. Concrete Repair Mortars Market Future Outlook and Potential Analysis
30. Appendix
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