The Global Repair Mortars Market size is projected to reach USD X.X billion by 2028 and grow at a CAGR of 4.1% during the forecast period, 2021-2028 (forecast period). The major factors driving the growth of this market include increasing demand for cost-effective construction solutions, the growing number of end-users in developing economies such as India and China, and rapid urbanization in emerging economies.
The term "repair mortars" refers to mixtures of cement, sand, and water that are used as a temporary or permanent repair for the cracks in concrete structures. Repair mortars can be applied by hand with no equipment needed, but it may require troweling once the mortar has set. The key advantage of using this type of product is its ability to provide an instant solution without having to wait days or weeks for application and drying times. These products have become popular options because they are very cost-effective when compared to other more time-intensive solutions such as replacing cracked areas with new ones. They also offer significant benefits in terms of reduced construction costs and environmental impact since there is far less waste generated when repairing existing surfaces versus building new ones.
On the basis of Type, the global repair mortars market is segmented into Polymer-modified Cementitious Mortar, Epoxy-based mortar.
Polymer-modified cementitious mortars are a type of repair mortar that is used as an alternative to concrete. Polymer-modified cementitious mortars offer the benefits of being both waterproof and durable in form, making them suitable for use with surfaces such as bricks or stone walls where they would be exposed to water damage. These polymer-modified types of repair mortars are less prone to shrinkage than other versions when curing which can lead to cracking over time. The Polymer-modified cementitious mortars segment is further sub-segmented into epoxy and polyurethane modified cementitious mortars.
Epoxy-based mortars are another type of repair mortar that is often used during construction projects because it does not require mixing and provides strength from start to finish without cracks like traditional Portland cement do. It also cures faster than most standard compounds so there is less wait for building to resume. Epoxy-based mortars are primarily used to repair joints and cracks in concrete, but they can also be mixed with sand as a sub-base for pavements. Epoxy is often combined with polyurethane which increases the strength of epoxy by forming an adhesive bond between the two materials once they have been set up properly. The polymer compound will not deteriorate over time like traditional cement mortar does because its chemical structure cannot support reactions that produce carbon dioxide or other gases that lead to degradation after curing has occurred.
On the basis of Application, the global repair mortars market is segmented into Building & car park application, Road & infrastructure application, Utility industry application, Marine structure.
Building & car park is the segment of repair mortars application. It deals with repairing damage to buildings and cars caused by fire, water, or other accidents. Repair Mortar used in this type of application ranges from cementitious mortar to polymer-modified cementitious mortar. Repair mortars are used in buildings & car parks for repairs to facades, cladding, roofs, and floors. These materials provide a cost-effective solution in comparison with the replacement of these parts.
Road & infrastructure is the segment of repair mortars application. It deals with repairing damage to roads and other infrastructure caused by natural or man-made disasters like earthquake, tornadoes, etc which cause cracks in the surface that leads to potholes at a later stage. Repair Mortars used in this type of application range from Epoxy-based mortar, polymer-modified cementitious mortar to Polymer epoxy-based composite materials.
Utility industries use repair mortars to fix damage caused by natural calamities like earthquakes, tornadoes. These often lead to pipes and equipment getting damaged which may paralyze the entire utility company's activity. To avoid such an event from happening, it is crucial for a Utility Company to maintain its infrastructure in perfect order with effective repairs when required. Repair Mortars used in this type of application ranges from Polymer modified cementitious mortar, polymer-modified silicate material, and epoxy-based polymeric composite materials. Polymer modified cementitious mortar is used to repair cracks in sidewalks, roads, and bridges. Epoxy-based polymeric composites are useful for repairing pipelines that carry water or gas.
This type of application deals with repairing the damages caused by marine life such as corals or mollusks on underwater assets like bridges, pipes, etc using Polymer-modified Cementitious Mortar for steel reinforcement together with a bentonite gel coating. This is followed by filling the gaps between the reinforcements with Epoxy-based Mortar that has been mixed with inert granular fillers before finally being cured under pressure at water depths greater than 500 feet (152 m).
On the basis of Region, the global repair mortars market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America: North America accounted for the largest share of the global repair mortars market in 2017 and is expected to maintain its dominance throughout 2018 - 2028. Factors such as economical infrastructure, availability of skilled labor force, rising demand for sustainable building materials are driving growth in this region.
Latin America: Latin American countries have been witnessing rapid economic development over recent years with increased investment into construction projects which has led to an increased demand for repairing mortar products due to their cost-effectiveness and efficiency as an alternative solution. The factors influencing this trend include high population density; inadequate housing facilities; unplanned urbanization leading to a mismatch between supply & demand coupled with the scarcity of affordable quality cementitious material required impeding onerous burdens placed on less affluent populations.
Middle East & Africa: The Middle Eastern and African countries have been witnessing a major increase in construction activities with significant investments into infrastructure projects such as roads, airports, hospitals, etc. This has led to increasing demand for repairing mortar products due to their cost-effectiveness and efficiency coupled with the lack of affordable quality cementitious material required impeding onerous burdens placed on less affluent populations.
Asia Pacific: Asia Pacific region comprises many emerging markets which are experiencing rapid economic development rates leading to increased demand for repair mortars due to low numbers of qualified workforce in these regions where there is also limited availability of raw materials needed for traditional methods of constructing building structures.
The global repair mortars market is driven by increasing construction activities, due to which the demand for repairing materials and aggregates has increased. The cost-effective solutions offered in the form of repair mortar are helping people to maintain their buildings without undergoing any major renovations or reconstruction. Moreover, growing environmental awareness among individuals and companies has resulted in a keen focus on green building initiatives that require renovation using low-emission products such as polymer cementitious mortar (PCM) instead of traditional solvents and substandard curing methods like those used during conventional concrete manufacturing processes.
Up Market Research published a new report titled “Repair Mortars Market research report which is segmented by Types (Polymer-Modified Cementitious Mortar, Epoxy-Based Mortar), By Applications (Building & Car Park, Road & Infrastructure, Utility Industries, Marine Structure), By Players/Companies Sika, Parex, Fosroc, Saint-Gobain Weber, BASF, Mapei, The Euclid Chemical, Bostik, Natural Cement”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
|Report Attributes||Report Details|
|Report Title||Repair Mortars Market Research Report|
|By Type||Polymer-Modified Cementitious Mortar, Epoxy-Based Mortar|
|By Application||Building & Car Park, Road & Infrastructure, Utility Industries, Marine Structure|
|By Companies||Sika, Parex, Fosroc, Saint-Gobain Weber, BASF, Mapei, The Euclid Chemical, Bostik, Natural Cement|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||238|
|Number of Tables & Figures||167|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Polymer-Modified Cementitious Mortar, Epoxy-Based Mortar and By Application Building & Car Park, Road & Infrastructure, Utility Industries, Marine Structure.
Some of the companies that are profiled in this report are:
Repair Mortars Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Repair Mortars Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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