Amid Ukraine-Russia crisis, our analysts and industry experts are closely monitoring the markets and working hard to identify, gather and timely deliver analysis of the impact of the situation and the impact that it has on various markets. All our reports are updated with the latest impact on the market before being sent out to our customers.
Concrete repair mortars are used to restore, repair and reinforce infrastructure. They protect infrastructures from structural damage which are liable to occur due to water and chemical intrusion into the structure. Since, mortars are a combination of cementitious materials, water, and other granular aggregates, the growth of the global concrete repair mortar market is aided by the growth of the cement market. In 2018, the total production of cement globally was 4.3 billion metric tons.
The construction industry is also a major driver of the concrete repair market and is expected to grow at CAGR of around 4% in the forecast period of 2022-2027. Globally, the construction industry is witnessing a robust growth with both public and private players investing heavily in infrastructure projects. The rising construction repair sector, buoyed by the increasing preference for maintaining and repairing old infrastructure over building new infrastructure from scratch, is driving the demand for concrete repair mortars. These mortars fortify and restore infrastructure by protecting against corrosion, cracks, and water and chemical damage. They are also used for cosmetic repairs and reprofiling of infrastructure.
Transportation infrastructure, which is also a key application sector for concrete repair mortars, is witnessing a healthy growth with governments in emerging economies increasingly focusing on infrastructural developments. Rapid population growth globally has added to the increased traffic leading to the rising demand for transportation infrastructure. The compounding traffic has also put an added pressure on the existing infrastructure, which is in constant need of upkeep. Concrete repair mortars prolong the life and sustainability of these transportation infrastructures by increasing their structural strength while also repairing the wear and tear caused by fluctuating weather conditions. They also repair structural damage like potholes, ensuring that transportation infrastructures like roads remain safe and durable.
The Asia Pacific is a leading market for transportation infrastructure and is also a key market for concrete-repair mortars. The Asia Pacific market is expected to keep growing in the coming years with the rapidly rising construction and infrastructure sectors, especially in countries like China and India. In mature economies like the US, Germany, and Australia consumers are expected to spend more on the repair and upkeep of old infrastructure, adding further impetus to the concrete repair market.
To view the report summary and Table of Contents, click on: https://www.expertmarketresearch.com/reports/concrete-repair-mortar-market
Market Analysis by Type, Application Method, End-Use and Region:
Key Findings of the Report:
Key Offerings of the Report:
According to EMR, the key players in the global concrete repair market are Sika Limited, Fosroc, Inc., Saint-Gobain Weber Group, BASF SE, Mapei Corporation, Pidilite MEA Chemicals LLC, MBCC Group, Flexcrete Technologies Ltd, The Euclid Chemical Company, Others. The report provides market information about the latest developments like market share, capacity expansions, plant turnarounds, and mergers and acquisitions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.