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Global Concrete Repair Mortars Market: Augmented by Aging Infrastructure, Stringent Building Regulations, and Technological Advances
Concrete Repair Mortars Market
Emerging Trends in Concrete Repair Mortars: Eco-Friendly Solutions, Improved Formulations, and Smart Technologies Shaping the Industry
What Is The Projected Market Size Of The Global Concrete Repair Mortars Market And Its Growth Rate?
Recent years have shown a robust growth in the concrete repair mortars market. Key statistics include:
• The market is expected to grow from $3.1 billion in 2024 to $3.28 billion in 2025, with a CAGR of 5.9%
• Continued market growth is anticipated, with a projected market value of $4.39 billion in 2029 and a CAGR of 7.5%.
• Major growth drivers include the increasing need for repair and maintenance, awareness for sustainable constructions, advances in material science, and stringent building codes and regulations.
What Is Driving The Growth In The Concrete Repair Mortars Market?
The rise in demand for repair and maintenance of existing buildings significantly contributes to the growth of the concrete repair mortar market. This growth is precipitated by the degradation of materials and structures due to the combined impact of loads and external conditions. It is more cost-effective and economical to repair and upgrade a structure rather than demolish and rebuild it. This preference will lead to greater utilization of concrete repair mortars for building infrastructure repair and maintenance. For example, the Construction Output Price Index (OPIs) data set from the UK Office for National Statistics indicates an increase in both repair and maintenance (3.0%) and new work (1.0%), with major contributions from private home repair and maintenance (5.8%) and commercial new work (4.0%).
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Who Are the Key Players Driving Concrete Repair Mortars Market Growth?
• Adhesives Technology Corporation
• The Euclid Chemical Company
• Remmers Limited
• Pidilite Industries Ltd.
• Fosroc Inc.
• Sika AG
• BASF SE
• MAPEI S. p. A
• Saint-Gobain India Pvt. Ltd.
• W. R. Meadows Inc.
• Ardex GmbH
• Garon Products Inc.
• MC-Bauchemie Müller GmbH
• Flexcrete Technologies Ltd.
• Resin Building Products Ltd.
• Diasen SRL
• Litokol SpA
• Maker Coating Systems Ltd.
• Dayton Superior Corp.
• Simpson Manufacturing Co. Inc.
• Five Star Products Pvt. Ltd.
• CTS Cement Manufacturing Corp.
• Standard Performance Evaluation Corporation
• ChemCo Systems
• Copps Industries Inc.
• Sauereisen Inc.
• Edison Coatings Inc.
• Coprox International Private Ltd.
What Are The Key Trends In The Concrete Repair Mortars Market?
Notable trends include:
• The development of high-performance repair mortars.
• Integration of smart technologies for real-time monitoring.
• Utilization of sustainable and recycled materials in concrete repair mortars.
• Emphasis on aesthetics in concrete repair, including color-matching and texture replication.
• Shift towards fast-setting and rapid-hardening repair mortars for quick repairs.
What Are The Segments Of The Global Concrete Repair Mortars Market?
• By Type: Cementitious Concrete Repair Mortars, Epoxy Concrete Repair Mortars
• By Grade: Structural, Non Structural
• 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
Which Region Leads The Concrete Repair Mortars Market?
Asia-Pacific was the largest market for concrete repair mortars in 2024 and is set to continue its growth in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Concrete Repair Mortars Market Global Market Report?
- Market Size Analysis
- Market Segmentation Analysis
- Key Player Focus
- Growth Trends Analysis
- Market Contribution
- Growth Drivers
- Industry Challenges
- Competitive Developments
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