The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Concrete Repair Mortars Global Market Report 2024, the concrete repair mortars market is expected to show significant growth in the forecast period.

The concrete repair mortars market has witnessed substantial growth in recent years, driven by various factors including aging infrastructure, increased construction activities, and advancements in material science. An analysis of market trends and projections unveils the sector’s potential for expansion.

Market Growth and Projections

• The market size surged from $2.95 billion in 2023 to $3.14 billion in 2024, with a CAGR of 6.4%.
• Expectations for continued growth are high, with the market projected to reach $4.07 billion by 2028, boasting a CAGR of 6.7%.

Factors Driving Market Expansion

• Aging infrastructure and the imperative need for repair and maintenance.
• Increased construction activities globally.
• Growing awareness of the significance of durable and sustainable construction practices.
• Stringent building codes and regulations emphasizing the use of repair mortars.
• Advancements in material science leading to improved mortar formulations.

Rising Demand for Building and Infrastructure Repair

• The escalating demand for repair and maintenance of existing buildings fuels market growth.
• Repairing and upgrading structures prove cost-effective and economical, driving the adoption of repair mortars.
• Notably, the UK’s Construction Output Price Index reveals a significant rise in repair and maintenance activities, underscoring market demand.

Key Players in the Market

• Adhesives Technology Corporation
• The Euclid Chemical Company
• Remmers Limited
• Pidilite Industries Ltd.
• Fosroc Inc.
• Sika AG, and others.

Sustainable Concrete Repair Mortars Lead Market Trends

• Product innovation is a key trend, with a focus on eco-friendly formulations.
• Water-based solutions with low-hazard formulations and reduced VOC usage gain traction.
• Innovation emphasizes high-build, high-strength structures, and reduced carbon footprints.
• Notable examples include Sika UK’s launch of low-carbon concrete repair mortars, emphasizing sustainability and performance.

View More On The Concrete Repair Mortars Market Report 2024 – https://www.thebusinessresearchcompany.com/report/concrete-repair-mortars-global-market-report

Strategic Acquisitions Bolster Market Presence

• Sika AG’s acquisition of MBCC Group for $6 billion strengthens its core technology and construction chemicals portfolio.
• MBCC Group’s expertise in providing repair mortars enhances Sika’s market position and offerings.

Market Segmentation

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, Machine Applied/Sprayed, Poured/Flow Applied, Levelling/Fairing Mortars, Protective Surface Coatings.
4. By End-Use: Utility, Roads and Infrastructure, Buildings, Others.

Regional Outlook

• Asia-Pacific emerged as the largest region in the concrete repair mortars market in 2023.
• It is anticipated to be the fastest-growing region during the forecast period, fueled by increased construction activities and infrastructure investments.

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The Concrete Repair Mortars Global Market Report 2024  provides an in-depth analysis on the concrete repair mortars market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the concrete repair mortars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Concrete Admixtures Global Market Report 2024
Concrete Restoration Global Market Report 2024
Concrete Sealer Global Market Report 2024

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