USD 2.35 billion
Concrete Crack Fillers Market Size, Share, Growth Analysis, By Type(Plastic shrinkage concrete cracks filler and Hardened concrete cracks filler), By Application(Highway, Bridge, Building), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2029 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
61
|Figures:
75
Concrete Crack Fillers Market Insights
Global Concrete Crack Fillers Market size was valued at USD 2.35 billion in 2022 and is poised to grow from USD 2.53 billion in 2023 to USD 4.51 billion by 2031, at a CAGR of 7.50% during the forecast period (2024-2031).
Concrete crack filler, also known as concrete sealing compound or sealant is a material applied to fill and smooth cracks in reinforced concrete. There are two types of concrete crack fillers including plastic shrinkage compounds and hardened-concrete cracking compounds which use various types of cementation material mixed with additives such as quartz aggregates. Concrete crack fillers are used to fill or stop cracks in concrete. These products are classified into three types, plastic shrink, rigid and other (plastic). The primary difference is that each type has a different elasticity. Plastics are the most resistant to shrinkage because they take the longest time to degrade.
Rising demand for high-performance and long-lasting construction materials, as well as increased awareness of environmental contamination caused by chemical admixtures in conventional concrete crack filler solutions, are some factors that drive the global market. The growing use of concrete filler in the sports architecture and building industry by civil engineers due to its ability to enhance cement strength, as well as acceptance in the hydropower sector for dam and project maintenance, are important factors for market expansion.
US Concrete Crack Fillers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Plastic shrinkage concrete cracks filler
Fastest Growth
Plastic shrinkage concrete cracks filler
Growth Rate
7.50% CAGR
Global Concrete Crack Fillers Market ($ Bn)
Country Share for North America Region (%)
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Concrete Crack Fillers Market Segmental Analysis
Global concrete crack fillers market is segmented on the basis of type, end use industry, and region. On the basis of type, global market is segmented into, plastic shrinkage concrete cracks filler and hardened concrete cracking concrete cracks filler. On the basis of application, global market is segmented into highway, bridge, and building. On the basis of region, global concrete crack fillers market is divided into North America, Europe, Asia Pacific, Latin America, and MEA.
Analysis by Type
On the basis of type, global concrete crack fillers market is segmented into, plastic shrinkage concrete cracks filler and hardened concrete cracks filler. The plastic shrinkage concrete cracks filler segment dominated the global market in 2022. Plastic shrinkage is a non-shrink cement solution used to cover cracks and spaces on the surface of the concrete. It is made up of a polymer, water, and an anti-freeze ingredient. Plastic shrinkage concrete cracks filler can be applied in two ways such as injection or brushing/rolling with a squeegee tool. This is flexible and bendable having high tensile strength, used for smaller cracks and holes in walls.
Analysis by Application
On the basis of application, global concrete crack fillers market is segmented into highway, bridge, and building. The building segment accounted for the largest market revenue share in 2021 and is expected to grow at a significant CAGR during the forecast period. The use of concrete crack fillers is an important aspect of maintaining a building constructed using steel rebar and other materials. If they are not properly treated, the surface of these buildings will crack, which can lead to structural damage. The importance of concrete crack fillers treatment provides benefits in terms of safety.
Global Concrete Crack Fillers Market by Type
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Concrete Crack Fillers Market Regional Insights
On the basis of region, global concrete crack fillers market is divided into North America, Europe, Asia Pacific, and MEA. Asia Pacific dominated the global market due to factors such as easier large manufacturing facilities and cheaper labour availability. China exports cement-related materials and the country is a leader in this sector. Also, the growing number of hydropower projects in developing regions of Asia is encouraging the use of the product to maintain dams and projects. Besides, Pidlite Industries Ltd. (India) and Mitsubishi Materials Corporation (Japan) are increasing the supply of cement-related materials. Due to large manufacturing and hydropower projects, this region is driving the revenue growth of the market.
Europe is expected to register significant revenue shares in global concrete crack fillers market. Major players are looking for business opportunities in Europe due to its well-developed infrastructure and large population. Also, the demand for concrete crack fillers is high due to its well-developed infrastructure and large population and this factor is expected to increase the growth of market in the region.
Global Concrete Crack Fillers Market by Region
- Largest
- Fastest
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Concrete Crack Fillers Market Dynamics
Driver
- Need for construction repair
A growing population and climate change are increasing the need for structural repairs and cracking and weakening of buildings. Generally, the durability of a concrete house is considered to be about 50 years; however, extreme weather and rain can reduce the strength of the building material, putting the safety of the residents at risk. Such fillers can add additional strength to walls and enhance the structure of concrete, thus they are increasingly preferred for repairs. With the growing population, durable and sustainable spaces are required and hence this material is gaining popularity in the field of building rehabilitation. Construction safety and the need for weather-resistant housing are driving the revenue growth of the market.
Restraint
- High installation price and materials
Concrete crack fillers chemicals are used to fill cracks and are usually made using epoxy resin. Epoxy resin products are too expensive and they do not work on wet surfaces. Also, waterproofing is done at the same time to ensure maximum water resistance, which increases the cost of the entire service. This process requires trained professionals, and also labour cost is a factor in this service. Due to high installation costs and materials, the demand for concrete crack fillers products decreases, this factor hampers the growth of the market.
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Concrete Crack Fillers Market Competitive Landscape
Global concrete crack fillers market is highly competitive with the presence of local as well as global companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of global market.
For example, In November 2020, Pidilite Industries Ltd. (India) completed the acquisition of its Indian subsidiary Huntsman Corporation (The U.S.), which is a chemical firm with a focus on construction materials. This initiative is expected to boost the production of concrete and related materials in the region while also improving the supply chain.
Top Player's Company Profiles
- 3M Company
- BASF SE
- Sika AG
- Rust-Oleum Corporation
- The Dow Chemical Company
- Akzo Nobel N.V.
- Fosroc International Limited
- W.R. Meadows, Inc.
- Saint-Gobain S.A.
- Mapei S.p.A.
- Euclid Chemical Company
- Simpson Strong-Tie Company Inc.
- Bostik SA
- ITW Polymer Sealants North America
- Adhesives Technology Corporation
- Dayton Superior Corporation
- The Euclid Chemical Company
- Tremco Incorporated
- The QUIKRETE Companies, Inc.
- Flexcrete Technologies Limited
Recent Developments
- In April 2024, Heartland Paving Partners ("Heartland"), a top provider of commercial asphalt and concrete maintenance and repair services, has revealed its acquisition of S&K Asphalt and Concrete ("S&K"), a well-known paving contractor based in Akron. This move signifies Heartland's fourth acquisition since its establishment in July 2022 and signifies the company's strategic penetration into the Ohio market.
- In March 2024, DryShield Water Solutions, a prominent provider of waterproofing and foundation repair services, is excited to unveil its extended range of services in Toronto. The expansion now encompasses comprehensive basement waterproofing and concrete crack repair solutions.
- In July 2023, Aquajet unveiled new accessories for the Aqua Cutter 750V, featuring patented infinity oscillation technology. The Extension Kit extends the reach of the 750V for various applications like bridges, berths, piers, and wastewater plants. Meanwhile, the Rotolance facilitates surface preparation on steel bridges, roadways, pipes, tunnels, and other surfaces. Additionally, the Hybrid Kit 3.0 enables the conversion of the diesel-powered 750V to electric, ideal for situations where diesel usage is restricted due to noise or emission regulations.
Concrete Crack Fillers Key Market Trends
- With the increasing demand for non-fossil fuel electricity sources, hydropower is being used more frequently to provide electricity, resulting in an increase in the construction of large dams, hydroelectric turbines, and projects. Constant interaction with water causes these structures to crack and get worse, which increases the consumption of the product. Increasing focus on hydropower plants is the key trend driving the market growth.
Concrete Crack Fillers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our global concrete crack fillers market analysis, by region, Asia Pacific dominated the global market due to factors such as easier large manufacturing facilities and cheaper labour availability. China exports cement-related materials and the country is a leader in this sector. Pidlite Industries Ltd. (India) and Mitsubishi Materials Corporation (Japan) are major players in APAC which supply of cement-related materials. Construction safety and the need for weather-resistant housing are driving global concrete crack fillers.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.35 billion |
| Market size value in 2031 | USD 4.51 billion |
| Growth Rate | 7.50% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Concrete Crack Fillers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Concrete Crack Fillers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Concrete Crack Fillers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Concrete Crack Fillers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Concrete Crack Fillers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Concrete Crack Fillers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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