Global Concrete Repair Mortars Market By Type (Polymer Modified Cementitious (PMC) and Epoxy-based), By Application Method (Hand/Troweling, Pouring, and Spraying), By Grade (Structural and Non Structural), By End-use (Building & Car parks, Road Infrastructure, Utility, and Marine), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Concrete Repair Mortars Market Overview

The Concrete Repair Mortars Market is estimated to be worth USD 2,730.06 million by 2021. This compound annual growth rate (CAGR), will increase to 4.5% between 2023-2032.

Global Concrete Repair Mortars Market

Type Analysis

In 2021, the market share for polymer-modified cementitious mortar (PMC) was 87%. It is projected that the segment will continue to grow at a rapid CAGR for the next five years. They are known for their superior properties, including resistance to chemical intrusion, waterproofing, and considerable durability.

These materials are commonly used in construction bricks and other building blocks. They include walls, walkways, fences, and even fencing. Mortars are less susceptible to deterioration or damage than structural blocks, making them an ideal material for concrete repair. This leads to increased demand for both full and touch restorations.

One of the most sought-after categories is also epoxy-based products. This epoxy-based epoxy material can be used to repair cracks or eroded concrete flooring. The epoxy-based concrete material provides permanent repairs and exceptional strength. The epoxy-based material is ideal for a wide range of applications because it has fast curing properties and can be used in cracks deeper than 50mm.

Application Method Analysis

In 2021, the market was dominated by hand/trowel methods, which accounted for more than 54% of the total market share. Because the method can be used for both horizontal and vertical building repairs, it is expected that this segment will grow at a faster CAGR of more than 50% between 2023-2032. Additionally, the hand/trowel approach is equally effective for structural as well as non-structural repairs. It can also fill gaps and cracks with a depth between 15 and 70 mm. These factors will be driving the segment’s growth over the next 8 years.

The cost and time involved in customizing other processes can lead to waste, so manual methods are preferred. Automation in the construction industry is expected to increase the use of pouring and spraying methods. This is expected to slow down the growth in manual applications over the forecast period. With the rapidly growing construction sector and concerns about labor shortages across the globe, automation is becoming more popular. Many companies have developed high-tech mortar spraying machines in response to the above trend. These machines are expected to be the driving force behind the spraying method segment.

Grade Analysis

The global structural grade market accounted for 60%. Structural grade concretes have high strength properties and are integral parts of a structure. Concretes not used in structural constructions have lower strength and can only be used for temporary loading or small compression.

The segment of structural grade is expected to grow due to the growing need to maintain and repair building infrastructures, as well as the effects of environmental and loading factors.

The demand for materials to repair infrastructure has risen due to rapid degradation and rising replacement costs. Additionally, the market is set to grow with the introduction of advanced repair and rehabilitation methods for structural concrete.

Because they are commonly used in repairs to elements like fences and Cladding, the non-structural concrete repair segment is expected to be a significant part of the overall market. Because these concretes have lower strength, they are susceptible to damage and require frequent touch-ups as well as complete restorations.

End-Use Analysis

Over 55% of the global market share was held by the road infrastructure segment in 2021. Globally, governments are working to improve their transport infrastructure in order to reduce both the transportation cost and the time it takes. To reduce road accidents, the 2030 Agenda for Sustainable Development, signed by UN member states in 2015, aims to improve road conditions.

Governments now focus more on developing the infrastructure in their individual nations as a result of these causes. These factors will also lead to the development of new road infrastructure, which is anticipated to increase demand for mortars in the road infrastructure market.

As global trade grows, marine structures are expected to be a significant part of the market. Because they have access to natural resources, transport, and trade, maritime activities have been a key driver of economic growth. To increase their economic growth prospects, many countries are investing in improving their marine infrastructure.

Key Market Segments

Type

• Polymer Modified Cementitious (PMC)
• Epoxy-based

Application Method

• Hand/Troweling
• Pouring
• Spraying

Grade

• Structural
• Non-Structural

End-use

• Building & Car parks
• Road Infrastructure
• Utility
• Marine

Market Dynamics

Market growth is expected to be driven by increasing investments in housing & transportation infrastructure development, and maintenance & rehabilitation of existing building structures. Concrete repair mortars will be more popular over the forecast period due to their properties such as impermeability, stress immunity, tensile strength, stress resistance, and thixotropy. These materials will also be enhanced by the development and use of top-quality mortar admixtures from leading chemical companies.

It is used in concrete repairs in many areas, including structural defects that result from extreme temperatures. The product is resistant to water inflow and corrosion, which can lead to the loss of structural support. This material extends the structural life of the structure and prevents it from being damaged. The material is also extremely strong in bonding, which increases the structural strength of buildings.

In order to increase infrastructure repair and maintenance, governments from different countries are expected make large investments in the development of long-lasting buildings and marine structures. This is expected to have a positive impact on the overall market growth during the forecast period.

Due to its use in construction, it is expected that product demand will rise. It can be used to restore the architectural form and structural strength of old buildings. Concrete repair mortars can also be used to start over old buildings that have begun to deteriorate. Concrete repair mortars have a high tensile and crack-resistant strength, making them popular in high-stress situations like parking lots and highway bridges.

Regional Analysis

The Asia Pacific held 35% of the global market share in 2021. It is also expected that it will be the fastest growing regional market between 2023 and 2032. The growing population is responsible for the growth. This puts pressure on the infrastructure and creates demand for repair materials.

APAC emerging economies such as India are investing heavily in infrastructure development to support their economic development efforts. It is expected that it will result in the development of existing and new infrastructures. This will increase the efficiency of infrastructure repair and maintenance, which in turn will drive market growth. Because of the number of old buildings in Europe that are in need of repair or renovation, mortars for repairs will be in high demand.

North America is also predicted to see significant growth. The U.S. president hoped to spend US$ 2,000,000 million on infrastructure repairs in 2019. This plan includes the repair of roads, bridges, highways that have been damaged, with an estimated cost of more than US$ 1,000 million. This is expected to increase demand for concrete repair material in the region.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share Analysis

The market leaders are continually improving the compositions of mortars in order to improve the properties of the repair materials. Sika AG and Saint Gobain Weber have invested heavily in the development of epoxy compounds at low costs to lower the cost epoxy-based mortars. These mortars are considered to be an alternative to cementitious mortars. Sika AG bought Parex USA Inc., in May 2019 to meet growing demand for this material throughout North & Central America.

Key Market Players

Some of the most prominent players in global concrete repair mortars markets include:

• The Euclid Chemical Company
• Flexcrete Technologies Ltd.
• Remmers Baustofftechnik GmbH
• Saint Gobain Weber S.A.
• Sika AG
• Pidilite Industries Ltd.
• Fosroc Inc.
• Other Key Players