How Has The Concrete Repair Mortars Market Size Evolved Historically?
The concrete repair mortars market has seen considerable growth due to a variety of factors.
• There has been a marked increase in the size of the concrete repair mortars market in the past few years. The market, which is projected to swell from $3.1 billion in 2024 to $3.28 billion in 2025, will do so at a compound annual growth rate (CAGR) of 5.9%.
The historic growth can be largely ascribed to the elderly infrastructure coupled with the increasing necessity for repair and maintenance. Other factors contributing to this growth encompass escalated construction endeavors, amplified awareness regarding the significance of sustainable and durable construction, strict regulations and building codes that promote the use of repair mortars, and advancements in material science which have resulted in improved mortar formulations.
What Will Be The Concrete Repair Mortars Market Size In The Future?
The concrete repair mortars market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for concrete repair mortars is anticipated to witness substantial expansion in the coming years. It is projected to surge to $4.39 billion by 2029, experiencing a compound annual growth rate (CAGR) of 7.5%.
This growth in the estimated period can be linked to the escalating focus on eco-friendly and green construction materials, rising population and urbanization, increment in government's infrastructure development investments, increased demand for quick as well as cost-effective repair solutions, and growing need for non-structural applications. Key trends during the forecast period include the progression of high-performance repair mortars, assimilation of intelligent technologies for on-the-spot monitoring, usage of sustainable and recycled substances in concrete repair mortars, emphasis on aesthetics during concrete repairs with color-matching and texture imitation, and a shift towards rapid-setting and fast-drying repair mortars for timely repairs.
What Key Factors and Trends are Driving the Growth of the Concrete Repair Mortars Market?
The concrete repair mortar market is seeing an uptick, spurred by the increasing requirements for repair and maintenance of current structures. Structural and material deterioration, brought on by the dual impact of external factors and loads, has resulted in a surge in demand for building infrastructure repair and maintenance. The preference leans toward repairing and upgrading an existing structure rather than demolishing and reconstructing it, given its cost-effectiveness. The use of concrete repair mortars will be significant given the heightened need for repair and upkeep of current buildings, given its fundamentality in these processes. For example, as per the Construction Output Price Index (OPIs) data from the UK Office for National Statistics, the construction output in the UK saw an escalation in March 2022, primarily driven by both repair and maintenance (3.0%) and new work (1.0%). Private housing repair and maintenance (5.8%), along with private commercial new work (4.0%), were the key contributors to this month-on-month sector level growth. Hence, the escalating requirement for repair and maintenance of existing structures will potentially bolster the demand for the concrete repair mortar market during the projection period.
What are the Market Segments in the Concrete Repair Mortars Market?
The concrete repair mortars market covered in this report is segmented –
1) By Type: Cementitious Concrete Repair Mortars, Epoxy Concrete Repair Mortars, Epoxy Resin-Based Concrete
2) By Grade: Structural, Non Structural
3) By Application: Hand Applied Concrete Repair Mortars, Machine Applied/Sprayed Concrete Repair Mortars, Poured/Flow Applied Concrete Repair Mortars, Levelling/Fairing Mortars for Concrete Repairs, Protective Surface Coatings for Concrete
Subsegments:
1) By Cementitious Concrete Repair Mortars: Polymer-Modified Cementitious Mortars, Non-Polymer Modified Cementitious Mortars
2) By Epoxy Concrete Repair Mortars: High-Strength Epoxy Mortars, Flexible Epoxy Mortars
3) By Epoxy Resin-Based Concrete: Self-Leveling Epoxy Systems, Epoxy Overlay Systems
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What Trends are Shaping the Concrete Repair Mortars Market?
Product enhancement is a major trend gathering momentum in the concrete repair mortar market. Industry pioneers are centered around introducing progressive concrete repair mortars that are water-based, eco-friendly, and incorporate low-risk recipes with no utilization of VOCs (volatile organic compounds). These advancements aim at establishing high-build and robust structures while decreasing carbon impressions. Cutting-edge concrete repair mortars bring structural sturdiness, restoration of structural solidity, long-lasting preservation, and augmentation. These goods afford main players a competitive benefit and boost their market standing. For example, Sika UK, a UK branch of the Sika Group, rolled out a low carbon concrete repair mortar, fabricated using low carbon and recycled constituents, providing enduring, efficient performance on a range of high-strength utilities. These sustainable concrete repair mortars of the future intend to yield fewer particle emissions and offer enhanced repair efficiency.
Who Are the Key Players in the Concrete Repair Mortars Market?
Major companies operating in the concrete repair mortars market include:
• Adhesives Technology Corporation
• The Euclid Chemical Company
• Remmers Limited
• Pidilite Industries Ltd.
• Fosroc Inc.
• Sika AG
• BASF SE
• MAPEI S. p. A
• Saint-Gobain India Pvt. Ltd.
• W. R. Meadows Inc.
• Ardex GmbH
• Garon Products Inc.
• MC-Bauchemie Müller GmbH
• Flexcrete Technologies Ltd.
• Resin Building Products Ltd.
• Diasen SRL
• Litokol SpA
• Maker Coating Systems Ltd.
• Dayton Superior Corp.
• Simpson Manufacturing Co. Inc.
• Five Star Products Pvt. Ltd.
• CTS Cement Manufacturing Corp.
• Standard Performance Evaluation Corporation
• ChemCo Systems
• Copps Industries Inc.
• Sauereisen Inc.
• Edison Coatings Inc.
• Coprox International Private Ltd.
What are the Regional Insights into the Concrete Repair Mortars Market?
Asia-Pacific was the largest region in the concrete repair mortars market in 2024, it is also expected to be the fastest-growing region in the global concrete repair mortars share market share during the forecast period. The regions covered in the concrete repair mortars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
