Concrete Repair Mortars Market worth 2.62 Bn USD by 2021

Tuesday 13 September 2016, Amsterdam

The report, now available on ASDReports, "Concrete Repair Mortar Market by Type (Polymer-Modified Cementitious Mortar and Epoxy-Based Mortar), Application Method (Manual, Spraying, and Pouring), End-use Industry (Building & Car Park, Road & Infrastructure, Utility) - Global Forecast to 2021", The market size of concrete repair mortars is estimated to grow from USD 1.69 Billion in 2015 to USD 2.62 Billion by 2021, at a CAGR of 7.67%, in terms of value. The market is driven by increased spending on repair & maintenance of building & construction and rising trend of public–private partnership in transport infrastructure in developed country.

Asia-Pacific is the largest market for concrete repair mortars

Asia-Pacific is currently the largest market for concrete repair mortars. Significant growth in the building & construction industry of China and India coupled with increasing spending on repair & maintenance in the developed countries, such as Australia and Japan are driving the demand of concrete repair mortars in this region. However, the global economic slowdown is restraining the market growth in North America and Europe.

Polymer-modified cementitious mortar type accounted the highest demand in the concrete repair mortars market

The polymer-modified cementitious (PMC) mortar segment has been witnessing significant demand in recent years due to several advantages of polymer modification, such as high workability, tensile strength, adhesion, and so on. Furthermore, the demand of PMC mortar is fueled by its low cost and environmentally friendly nature. The PMC mortar segment accounted for the largest market share, both in terms of volume and value, in 2015. On the other hand, epoxy-based mortars are used in extremely high strength requirements; therefore, it has a limited application in the concrete repair industry.

The key players in the concrete repair mortars market are Sika AG (Switzerland), Fosroc International Ltd. (U.K.), Saint Gobain Weber S.A. (Germany), Mapei S.p.A. (Italy), BASF SE (Germany), Pidilite Industries Ltd. (India), Adhesives Technology Corporation (U.S.), Flexcrete Technologies Ltd. (U.K.), Remmers Baustofftechnik GmbH (Germany), The Euclid Chemical Company (U.S.) and other local players.