Concrete repair mortar is a material that is used to secure and repair concrete structures. These mortars are classified into Epoxy-based mortar and polymer-modified cementitious (PMC) mortar. Furthermore, PMC mortar is divided into two types called acrylics mortars and SBR latex mortars. Concrete repair mortars are used in several circumstances where repair is required, such as structural defects in buildings caused by severe temperature fluctuations.
The concrete repair mortars have key features such as high density, low cracking, shrinkage tendencies, and high bond strength, making it a key substance for the repair work. There are several end-use industries such as infrastructure, building & road construction, and marine structures where these mortars find extensive applications. Concrete repair mortars are environmentally friendly and have higher reliability. All these factors increase mortar’s applicability in the construction industry.
Key Drivers for Concrete Repair Mortars Market
Major factors driving global market growth include increasing adoption of concrete repair mortars across various end-use industries, such as construction and road & infrastructure. Furthermore, rising demand from utility industries and marine structures is expected to drive the global market for concrete repair mortars forward. Moreover, high spending on maintenance and repair work, as well as increasing government investments in the construction sector, are expected to fuel global demand growth.
The growing demand for mortars in developing countries such as India, China, and others is expected to propel the global market forward. According to the end-use concrete repair mortars, the road & infrastructure segment emerging as the major revenue contributor for the market.
Increased spending on maintenance and repair of major infrastructure across the world is the major factor responsible for the development of the industry. However, in various developing countries, a lack of knowledge about the benefits of concrete repair mortars is expected to limit the market’s development.
Asia Pacific Region Projected to Dominate the Concrete Repair Mortars Market
The high population growth in the Asia Pacific region is the primary factor behind the increased use of concrete repair mortars in infrastructure repair. The high population is putting a strain on the current infrastructure, which is also rapidly degrading due to the use of other materials. Over the forecast period, these structures would need to be restored regularly. The demand for concrete repair mortars will be driven by these factors.
The construction industry’s rapid growth in China, India, and Australia has resulted in a rise in demand for concrete repair mortars, especially in residential and non-residential applications. Increased spending on transportation infrastructure repair and maintenance by countries such as Japan and Australia has aided the development.
Competitive Scenario for Concrete Repair Mortars Market
The global market for concrete repair mortar market is highly consolidated with some of the players dominating a large portion of the market. Some of the promising players present in the market include Remmers Baustofftechnik GmbH, Perma Construction Aids Pvt Ltd., Ardex Group, Fosroc International Ltd., BASF SE, Adhesive Technology Corporation, Flexcrete Technologies Ltd., Pidilite Industries Ltd, Saint-Gobain Weber S.A., among others. Leading players are involved in key strategic collaborations and new product launches to increase their product portfolio.
Deep-dive Insights on Concrete Repair Mortars Market by Polaris Market Research: https://www.polarismarketresearch.com/industry-analysis/concrete-repair-mortars-market/request-for-sample