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Concrete Repair Mortars Market Industry Analysis, Key Vendors, Opportunity and Forecast To 2029
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The concrete repair mortars market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.3% in the forecast period of 2021 to 2028 and expected to reach USD 2,481,810.25 thousand by 2028. Increasing population and urbanization is boosting the market growth.
The real estate industry has been forced to pay more attention to the infrastructure's life-cycle consequences as energy prices have risen and building and operating budgets have become severely scarce. Building maintenance is often ignored, but when executed properly, it can save capital and resources. The maintenance and repair cost are usually brought down by pro-active diagnostics of infrastructure incorporated in a long range repair and maintenance program. Budgetary size of repairs is considerably less which gives an edge to renovation sector in the construction industry.
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Market Analysis and Insights
Concrete repair mortars are type of material which is used for the repair of spalling caused by reinforcement corrosion in concrete structures. The concrete material have several properties due to which products are more used for natural structural defects which are caused by buildings settling and adjusting during temperature and damage caused by unexpected water ingress. The concrete repair mortars of different types which are used according to the application.
This concrete repair mortars market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Global Concrete repair mortars Market Scope and Market Size
Global concrete repair mortars market is segmented into four notable segments which are based on the basis of type, grade, application method and industry. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the concrete repair mortars market is segmented into cementitious concrete repair mortars, epoxy concrete repair mortars and epoxy resin-based concrete. In 2021, cementitious concrete repair mortars segment is dominating the market globally as cementitious material can be used on any surface and shaped easily according to application which increases its demand globally.
- On the basis of grade, the concrete repair mortars market is segmented into structural and non-structural. In 2021, structural is dominating globally as structural is used the construction and repair of infrastructure.
- On the basis of application method, the concrete repair mortars market is segmented into hand applied concrete repair mortars, machine applied / sprayed concrete repair mortars, poured / flow applied concrete repairs (re-casting concrete repairs), levelling / fairing mortars for concrete repairs and protective surface coatings for concrete. In 2021, hand applied concrete repair mortars segment is dominating the market globally as this method is cost effective which increasing its demand globally.
- On the basis of industry, the market is segmented into residential, commercial, industrial and infrastructure. In 2021, infrastructure segment is dominating the market globally on account of increasing construction and renovation of old bridge and dams.
Competitive Landscape and Concrete Repair Mortars Market Share Analysis
Concrete repair mortars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to global concrete repair mortars market.
Some of the major players operating in the Concrete Repair Mortars Market are:
- Owens Corning (U.S.)
- Duro-Last Roofing, Inc. (U.S.)
- BASF SE (Germany)
- 3M (U.S.)
- Dow (U.S.)
- DuPont (U.S.)
- Braas Monier Building Group (Luxembourg)
- Sika AG (Switzerland)
- Atlas Roofing Corporation (U.S.)
- Innospec (U.S.)
- ADEKA CORPORATION (Japan)
- Dorf Ketal Chemicals (I) Pvt. Ltd. (U.S.)
- PMC Specialties Group (U.S.)
- Afton Chemical (U.S.)
- The Lubrizol Corporation (U.S.)
- Clariant (Switzerland)
- LANXESS (Germany)
- Mayzo, Inc. (U.S.)
- Solvay (Belgium)
- Akzo Nobel N.V. (Netherlands)
- Arkema (France)
- Eastman Chemical Company (U.S.)
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