Concrete Repair Mortars Market Size, Share & Trends Report

Concrete Repair Mortars Market Size, Share & Trends Analysis Report By Products, By Application, By End Use, By Region, And Segment Forecasts, 2020 To 2027

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  • Report ID: GVR7115
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The global concrete repair mortars market is expected to witness significant growth on account of increasing investment in housing and transport infrastructure development and maintenance & renovation of existing building structures. The properties associated with concrete repair mortars such as impermeability, tensile strength, stress immunity, and thixotropy are likely to propel their demand as an important construction material over the projected period.

The product is used in several areas that require concrete repair, such as structural defects in buildings on account of extreme variations in temperature. They are also used to prevent corrosion of internal structural supports, resulting from unwanted water inflow. Heavy investments by the governments across various countries for the development of marine structures, long-lasting buildings, and roads are expected to drive the concrete repair mortars market.

The product demand is expected to rise owing to its applications in construction industry for restoring structural strength and architectural shape of old buildings. In addition, it can be used for restarting the incomplete work of old buildings that deteriorate over time. Concrete repair mortars are widely used in high-stress applications, such as parking lots and highway bridges, owing to their high tensile strength and crack resistance properties.

The industry is anticipated to witness growth on account of rising pressure on existing infrastructures owing to the rapid growth in population. The mortar is used to replace corroded concrete in such structures to increase their lifespan. Moreover, this material has excellent bond strength that results in increased structural strength of the buildings.

Concrete-based mortar is also used for structural repairs and profiling of horizontal, overhead, and vertical surfaces in tidal and marine areas that are subjected to immersion. They are used for filling and repairing voids in these areas. The demand for these mortars is rising in the marine structures owing to their excellent thixotropic and cohesion characteristics.

Concrete repair mortar market can be segmented on the basis of products into cementitious and epoxy-based mortars. Cementitious concrete mortar is composed of cement and used for brick-based applications such as fences, walls, and walkways. It imparts several beneficial properties to the structures such as corrosion resistance, protection against rusting of internal supports, and moisture absorption. This material can damage over a long period owing to its porous nature and needs to be replaced.

Epoxy concrete mortars are made of epoxy resins and a filler powder, which is mostly sand. They are primarily used for repairing cracked or broken concrete flooring, providing extra strength to concrete, and making it useful for a longer duration. Epoxy mortar is waterproof, highly durable, and stain proof and finds use in high-strength applications. Cementitious mortars are expected to hold most of the market share owing to their low cost of manufacturing, replacement, and ease of usage. Epoxy-based mortars are used in specific areas requiring very high tensile strength and are expensive.

On the basis of end use, the market can be segmented into utility industries, marine structures, road infrastructure, and buildings & car park constructions. Buildings & car park constructions are expected to occupy a major market share as they are built to last for a longer duration and the mortar’s high structural strength further contributes to their durability. Marine structures are also expected to draw a fair market share with the rapid rise in global trade.

On the basis of application, the concrete repair mortar market can be segmented into manual, spraying, and pouring. The manual method is expected to hold a major share as it can be applied for both vertical and horizontal repair of buildings. In addition, customizations in other processes can be expensive and cause wastage, resulting in preference for manual method.

Asia Pacific market is expected to witness high growth owing to the increasing population in countries like South Korea, Australia, China, India, and Japan. The increasing load on existing infrastructure results in deterioration of the structure, creating a demand for these repair materials. Countries such as Italy, Greece, India, the U.S., the UK, Egypt Israel, Russia, and Turkey have been home to ancient civilizations, monuments, and several buildings that require repair and renovation. Thus, the demand for this material is expected to rise in these regions. The rapid development of road infrastructure and construction industry in developing economies is further expected to drive the demand for concrete repair mortars.

The Euclid Chemical Company, Remmers Baustofftechnik GmbH, Flexcrete Technologies Ltd, Saint Gobain Weber S.A., Pidilite Industries Ltd., Sika AG, and Fosroc, Inc. are among the major players in the market. Companies such as Saint Gobain Weber and Sika AG are investing heavily for synthesis of epoxy resins at low cost, to lower down the cost of epoxy based mortar, which is considered to be a better alternative as compared to cementitious mortar. In May 2019, Sika AG acquired Parex USA Inc. in order to cater to the increasing demand of this material in the urban areas of North & Central America.

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