USD 2.83 billion
Concrete Repair Mortars Market Size, Share, Growth Analysis, By Type(Polymer Modified Cementitious (PMC), and Epoxy-based), By Application(Hand/Troweling, Pouring, and Spraying), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20C2052 |
Region:
Global |
Published Date: March, 2024
Pages:
202
|Tables:
62
|Figures:
70
Concrete Repair Mortars Market Insights
Global Concrete Repair Mortars Market size was valued at USD 2.83 billion in 2022 and is poised to grow from USD 3.08 billion in 2023 to USD 6 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).
The concrete repair mortars market is a vital segment within the construction industry, driven by the need to maintain and restore the structural integrity of concrete structures. These specialized mortars offer a range of essential properties, such as high tensile strength, impermeability, stress immunity, and thixotropy, making them crucial for various repair and maintenance applications.
One significant driver for the concrete repair mortars market is the ever-growing demand to address structural defects caused by factors like extreme temperature variations, water ingress, and corrosion. These mortars act as protective barriers, preventing further degradation and extending the lifespan of buildings, bridges, and other concrete structures.
The development of advanced mortar admixtures by leading chemical companies further enhances the material properties, making them more effective and versatile for a wide range of repair tasks. As governments worldwide invest heavily in infrastructure development, the demand for concrete repair mortars is expected to rise, particularly for marine structures, roads, and long-lasting buildings.
The construction industry benefits from the application of concrete repair mortars in restoring the structural strength and architectural shape of aging buildings. These mortars are also used to complete unfinished work on older structures that have deteriorated over time. Their high tensile strength and crack-resistant properties make them suitable for high-stress applications, such as parking lots and highway bridges. Overall, the concrete repair mortars market plays a critical role in maintaining the safety, durability, and aesthetics of concrete infrastructure.
US Concrete Repair Mortars Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Polymer Modified Cementitious
Fastest Growth
Epoxy-based
Growth Rate
8.7% CAGR
Global concrete repair mortars market ($ Bn)
Country Share for Asia Pacific Region (%)
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Concrete Repair Mortars Market Segmental Analysis
The concrete repair mortars market is segmented on the basis of Type, Application Method, Grade, End-use, and Regional. Based on Type the market is segmented as, Polymer Modified Cementitious (PMC), Epoxy-based. Based on Application Method the market is segmented as, Hand/Troweling, Pouring, and Spraying. Based on Grade the market is segmented as, Structural, and Non Structural. Based on End-use the market is segmented as, Building & Car parks, Road Infrastructure, Utility, and Marine. Based on Regional the market is segmented as, North America, Asia Pacific, Latin America and Middle East and Africa.
Concrete Repair Mortars Market Analysis By Type
In 2022, Polymer Modified Cementitious (PMC) mortar type dominated the market, holding a substantial share of over 87%. This segment is projected to maintain its leadership position by exhibiting the fastest compound annual growth rate (CAGR) throughout the forecast period. The robust demand for PMC mortars is attributed to their exceptional properties, including resistance to chemical ingress, waterproofing capabilities, high durability, and toughness.
PMC mortars find extensive use in constructing structures with bricks and building blocks, such as walls, walkways, and fences. Due to the inherent vulnerability of mortars to deterioration and damage compared to structural bricks, the need for concrete repair materials is significant, both for comprehensive restorations and minor touch-up repairs.
Epoxy-based materials constitute another prominent category in the market. Specifically formulated epoxy materials are widely employed for repairing cracked or eroded concrete flooring. Offering permanent solutions with exceptional strength, these epoxy-based materials also feature fast curing properties, making them ideal for a wide range of applications, especially in cases where cracks exceed 50 mm in depth. This versatility positions epoxy-based materials as a preferred choice in various repair scenarios.
Concrete Repair Mortars Market Analysis By Application
In 2022, the hand/trowel method dominated the market, commanding a share of over 54%. This segment is expected to exhibit the swiftest growth with the highest compound annual growth rate (CAGR) from 2020 to 2027. The method's versatility in both vertical and horizontal building repair, effective application for non-structural and structural repairs, and its ability to fill gaps or cracks with a repair depth ranging from 15 to 70 mm are the driving forces behind its projected expansion in the next eight years.
While manual methods like the hand/trowel method offer customization benefits without significant waste, the emerging trend of automation in the construction sector is anticipated to boost the pouring and spraying application methods. This trend may restrain the growth of the manual application segment throughout the forecast period.
The construction sector's rapid growth, combined with global labor shortage concerns, is leading to a shift from manual to automated application methods. Companies are developing advanced mortar spraying machines in response to this trend, which is expected to propel the growth of the spraying application method segment.
Global concrete repair mortars market By Type
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Concrete Repair Mortars Market Regional Insights
As of 2022, Asia Pacific held a dominant position in the global market, contributing to over 35% of the overall market share. This region is projected to maintain its leadership by being the fastest-growing market from 2023 to 2030. The growth is primarily driven by the region's expanding population, which exerts pressure on existing infrastructure, leading to structural deterioration and subsequently creating a substantial demand for repair materials.
Furthermore, emerging economies within the Asia Pacific, such as India, are making significant investments in transportation infrastructure development as part of their economic growth initiatives. This initiative is anticipated to spur the creation of new infrastructure projects and the refurbishment of existing ones, consequently boosting infrastructure repair and maintenance activities, thus driving market growth.
The European market is also expected to demonstrate noteworthy demand for repair mortars, given the presence of numerous aging buildings in need of repair and renovation.
In North America, a significant growth trajectory is projected. In 2022, the U.S. president announced plans to allocate approximately USD 2 trillion for addressing the country's aging infrastructure. This initiative, expected to encompass the repair of damaged roads, bridges, and highways, with an expenditure exceeding USD 1 trillion, is likely to bolster the demand for concrete repair materials in the region.
Global concrete repair mortars market By Region
- Largest
- Fastest
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Concrete Repair Mortars Market Dynamics
Concrete Repair Mortars Market Drivers
Aging Infrastructure:
- The increasing age of buildings and infrastructure across the globe creates a growing need for repair and maintenance, driving the demand for concrete repair mortars.
Population Growth:
- Rising urbanization and population growth lead to increased demand for new construction, as well as the restoration of existing structures, boosting the market for repair materials.
Concrete Repair Mortars Market Restraints
Skilled Labor Shortage:
- The proper application of repair mortars requires skilled labor, and shortages of such labor can limit the widespread adoption of these materials.
Technical Challenges:
- Some repair scenarios require specialized knowledge and techniques for effective application, which may pose challenges for contractors and construction professionals.
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Concrete Repair Mortars Market Competitive Landscape
The competitive landscape of the concrete repair mortars market is characterized by the presence of several established global players, regional manufacturers, and innovative startups. Leading companies in the industry, such as Sika AG, BASF SE, Fosroc International, Saint-Gobain Weber, and MAPEI S.p.A., dominate significant market shares due to their extensive product portfolios, strong distribution networks, and well-established brand recognition. These key players invest heavily in research and development to introduce advanced formulations, enhancing the performance, durability, and eco-friendliness of their repair mortar products. Collaborations, mergers, and acquisitions are common strategies in this market, enabling companies to expand their geographic reach and diversify their product offerings. Additionally, a growing emphasis on sustainability and environmental considerations has led to the introduction of eco-friendly repair mortars, with companies focusing on producing materials that meet stringent regulatory standards. Regional manufacturers often cater to specific local markets and may offer tailored solutions to address unique repair challenges. As innovation continues to drive the industry, new entrants and startups are emerging, focusing on niche applications or specialized formulations, contributing to the dynamism and competitive nature of the concrete repair mortars market.
Concrete Repair Mortars Market Top Player’s Company Profile
- Sika AG
- BASF SE
- Fosroc International Ltd.
- Pidilite Industries Ltd.
- Mapei S.p.A.
- Saint-Gobain Weber
- The Euclid Chemical Company
- Remmers Group
- Aditya Birla Chemicals
- Flexcrete Technologies Ltd.
- Rust-Oleum Corporation
- CEMEX S.A.B. de C.V.
- Ardex Group
- Muhu (China) Construction Materials Co., Ltd.
- AkzoNobel N.V.
Concrete Repair Mortars Market Recent Developments
- In January 2023, Sika AG, a leading manufacturer of concrete repair mortars, announced the launch of a new product called SikaMonoTop 102. This product is a high-performance concrete repair mortar that is designed for use in demanding applications.
- In February 2023, BASF SE, another leading manufacturer of concrete repair mortars, announced the acquisition of Master Builders Solutions. This acquisition will give BASF a strong foothold in the global concrete repair mortars market.
- In March 2023, MAPEI S.p.A., a leading manufacturer of concrete repair mortars in Europe, announced the launch of a new product called Mapegrout 312. This product is a fast-setting concrete repair mortar that is designed for use in slabs and foundations.
Concrete Repair Mortars Key Market Trends
- Sustainability and Eco-Friendly Solutions: A prominent trend in the concrete repair mortars market is the increasing demand for sustainable and environmentally friendly repair materials. This includes the use of recycled or low-carbon footprint materials, as well as formulations that minimize environmental impact during production and application.
Concrete Repair Mortars Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global concrete repair mortars market analysis, the concrete repair mortars market is a dynamic segment of the construction industry, with a significant global presence. As of recent data, the Asia-Pacific region, accounting for over 35% of the market share in 2021, is expected to exhibit the fastest growth rate from 2021 to 2030. This growth is propelled by rapid urbanization, population expansion, and substantial investments in infrastructure, particularly in emerging economies such as India. Additionally, the European market is driven by the demand for repairing aging structures, while North America is expected to benefit from substantial government spending on infrastructure rehabilitation.
Key market segments include Polymer Modified Cementitious (PMC) mortars, a dominant category known for its excellent properties like resistance to chemical ingress and waterproofing. The manual application method, specifically the hand/trowel method, held a significant share and is expected to continue its growth due to its versatility in vertical and horizontal repairs. The trend towards automation, however, may impact manual application growth. Sustainability concerns, stricter regulations, and the need to ensure structural safety are major drivers, leading to increased demand for concrete repair mortars in the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.83 billion |
| Market size value in 2031 | USD 6 billion |
| Growth Rate | 8.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 Repair Mortars 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 Repair Mortars 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 Repair Mortars 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 Repair Mortars 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 Repair Mortars Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Concrete Repair Mortars 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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