The Concrete Repair Mortars Market report for by Type (polymer-modified cementitious mortar and epoxy-based mortar), by application (manual, spraying and pouring), by End-Use Industry (building & car park, road & infrastructure, utility industries and marine structure), by geography (North America, Europe, Asia Pacific, Middle East & Africa and South America)) is expected to reach US $ 3.50 Bn by 2026, at a CAGR of 7.57 %.
Concrete repair mortar material glues and protects the concrete structures by delivering fortification against cracking, restricting corrosion, and chemical anchoring. It also offers superior bond strength, lowered shrinkage, permeability, density, tensile strength, and thixotropy. The concrete repair mortars are also useful for several industries like road and infrastructure, marine structures, utility, and building and construction.
The Polymer-modified cementitious mortar type segment is expected to grow at a XX% rate of CAGR during the forecast period.
The polymer-modified cementitious mortar segment is expected to contribute a significant share in the global concrete repair mortars market. The demand for cementitious mortar is increasing because of the several benefits of polymer modification like high workability, tensile strength, adhesion. Furthermore, the demand for PMC mortar is growing because of its low cost and environmentally friendly nature.
The Asia-Pacific region is expected to share US$ Mn in the global concrete repair mortars market.
The Asia-Pacific region is projected to be a leading region in the global concrete repair mortars market. The region is the region currently experiencing significant growth in the global concrete repair mortars. The rapid expansion of the construction industry in the emerging economies like China and India are contributing a significant share in the concrete repair market.
An increase in expenditure on repairing and maintenance are boosting the growth concrete repair mortars market.Key players operating in the market includes Mapei S.P.A., Pidilite Industries Ltd., Remmers Baustofftechnik GmbH, Flexcrete Technology Ltd., The Euclid Chemical Company, Adhesive Technology Corporation, Sika AG, Fosroc International Ltd., Saint-Gobain Weber S.A. and BASF SE.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Market positioning of competitors.
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