The global concrete repair mortar market was valued at $2,722.7 million in 2020 and is projected to reach $5,310.7 million by 2032, registering a CAGR of 5.6% from 2023 to 2032. Concrete repair mortar is a specialized construction material designed to restore and rehabilitate damaged or deteriorated concrete surfaces. It provides strength, durability, and adhesion to repair cracks, spalls, and surface defects, ensuring the structural integrity and longevity of concrete structures.
The concrete repair market is driven by the rising demand for the repair and maintenance of existing buildings and road infrastructures worldwide which require concrete repair mortar in significant amounts. In addition, reconstruction activities that include repair & rehabilitation of old infrastructure and buildings, as well as renovation of homes, are also driving the market growth. Furthermore, various advantages of mortar such as high strength, fire resistance, and durability also positively affect the market. In addition, cement and sand mortar is a semi-liquid substance that easily fills the gap between two or more bricks, stones, or blocks, eventually providing an even load distribution across the wall or other structure.
Furthermore, due to rising inflation mainly driven by the Ukraine-Russia war, the fluctuating market demand, as well as the raw materials prices have historically been subject to volatility due to factors such as supply-demand imbalances, and global economic conditions. This has led to slow-paced growth of the concrete repair mortar market and its related industries.
The concrete repair mortar market is segmented on the basis of type, application, end-user industry, and region. By type, the market is bifurcated into cementitious and epoxy. Furthermore, by application segment is further categorized into structural and non-structural. Depending upon the end-user industry, the market is categorized into building construction and infrastructure. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the concrete repair mortar market are provided in the report. Major companies in the report include Alccotech Building Materials Pvt Ltd., BASF SE, Fosroc, Inc., Laticrete International, Inc., MAPEI S.p.A., Perma Construction Aids Pvt. Ltd., Saint Gobain, Sika AG, W. R. Meadows, Inc., and Xypex Chemical Corporation.
The concrete repair market is driven by the rising demand for the repair and maintenance of existing buildings and road infrastructures worldwide which require concrete repair mortar in significant amounts. In addition, reconstruction activities that include repair & rehabilitation of old infrastructure and buildings, as well as renovation of homes, are also driving the market growth. Furthermore, various advantages of mortar such as high strength, fire resistance, and durability also positively affect the market. In addition, cement and sand mortar is a semi-liquid substance that easily fills the gap between two or more bricks, stones, or blocks, eventually providing an even load distribution across the wall or other structure.
Furthermore, due to rising inflation mainly driven by the Ukraine-Russia war, the fluctuating market demand, as well as the raw materials prices have historically been subject to volatility due to factors such as supply-demand imbalances, and global economic conditions. This has led to slow-paced growth of the concrete repair mortar market and its related industries.
The concrete repair mortar market is segmented on the basis of type, application, end-user industry, and region. By type, the market is bifurcated into cementitious and epoxy. Furthermore, by application segment is further categorized into structural and non-structural. Depending upon the end-user industry, the market is categorized into building construction and infrastructure. Region-wise, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the concrete repair mortar market are provided in the report. Major companies in the report include Alccotech Building Materials Pvt Ltd., BASF SE, Fosroc, Inc., Laticrete International, Inc., MAPEI S.p.A., Perma Construction Aids Pvt. Ltd., Saint Gobain, Sika AG, W. R. Meadows, Inc., and Xypex Chemical Corporation.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the concrete repair mortar market analysis from 2020 to 2032 to identify the prevailing concrete repair mortar market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the concrete repair mortar market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global concrete repair mortar market trends, key players, market segments, application areas, and market growth strategies.
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- Analysis of raw material in a product (by %)
- Manufacturing Capacity
- Industry life cycle assessment, by region
- Upcoming/New Entrant by Regions
- Technology Trend Analysis
- Distributor margin Analysis
- New Product Development/ Product Matrix of Key Players
- Strategic Recommedations
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- Market share analysis of players at global/region/country level
- Per Capita Consumption Trends
- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Type
- Cementitious
- Epoxy
By Application
- Structural
- Non-Structural
By End User Industry
- Building Construction
- Infrastructure
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Saint Gobain
- MAPEI S.p.A.
- Perma Construction Aids Pvt. Ltd.
- W. R. Meadows, Inc.
- Fosroc, Inc.
- Sika AG
- Xypex Chemical Corporation
- BASF SE
- Alccotech Building Materials Pvt Ltd.
- Laticrete International, Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: CONCRETE REPAIR MORTAR MARKET, BY TYPE
CHAPTER 5: CONCRETE REPAIR MORTAR MARKET, BY APPLICATION
CHAPTER 6: CONCRETE REPAIR MORTAR MARKET, BY END USER INDUSTRY
CHAPTER 7: CONCRETE REPAIR MORTAR MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the concrete repair mortar market was valued at $2.7 billion in 2020, and is estimated to reach $5.3 billion by 2032, growing at a CAGR of 5.6% from 2023 to 2032.Concrete repair mortar is a specialized construction material used to restore and rehabilitate deteriorated or damaged concrete structures. It is a blend of cementitious binders, aggregates, additives, and water, formulated to adhere strongly to existing concrete surfaces. This mortar is designed to address various issues such as cracks, spalling, surface defects, and structural deficiencies. Concrete repair mortar offers excellent adhesion, durability, and weather resistance, making it suitable for both aesthetic and structural repairs.
Key factors driving the growth of the concrete repair mortar market are the rise in demand for the repair and maintenance of existing buildings and road infrastructures, the growth of the construction industry, and the benefits associated with the concrete repair mortar. Many countries have aging infrastructure that requires regular maintenance and repair. The need for concrete repair mortar to address cracks, spalling, and other forms of damage becomes essential as buildings and roads deteriorate over time. For instance, in February 2022, the Ontario government in Canada invested $493 million through the Facilities Renewal Program (FRP) to help publicly assist colleges and universities with the critical maintenance, repairs, upgrades, and renewal of existing facilities. These types of colleges and universities often have extensive campus facilities, including academic buildings, dormitories, sports facilities, and parking structures, all of which are concrete in construction. Over time, these structures require maintenance and repairs due to wear and tear. Investing in maintenance and repairs at educational institutions increases the demand for concrete repair mortar products. Furthermore, repairing and maintaining existing structures is often more cost-effective than constructing new ones. Concrete repair mortar offers an economical solution for extending the lifespan of infrastructure, which is particularly attractive to governments and organizations facing budget constraints. Government bodies often initiate repair and maintenance programs to enhance the lifespan of infrastructure. These initiatives involve substantial investments in repair materials, including concrete repair mortar. Such instances boost the concrete repair mortar market growth during the forecast period. There is a greater need for infrastructure such as buildings, bridges, roads, and tunnels as the construction industry expands.
Many of these structures are constructed using concrete. Over time, these concrete structures require maintenance and repair, leading to an increased demand for concrete repair mortar. In addition, the development of commercial and public infrastructure across the globe has played a crucial role in driving the growth of the concrete repair mortar market. For instance, in 2021, the $1 trillion Bipartisan Infrastructure Law, which was approved by the White House, are going to significantly boost government spending on the construction of infrastructure, including bridges, roads, trains, and towers. The government also intends to spend an additional $17 billion on port infrastructure and $25 billion on airport maintenance and repairs. Moreover, the government plans to invest around $65 billion in upgrading and building power infrastructure, by building many transmission lines to facilitate the expansion of renewables and clean energy. Such factors are expected to drive the growth of the concrete repair mortar market.
Furthermore, the construction industry is among the major polluting industries around the world. The Cement industry alone contributes around 8% of global CO2 emissions. For comparison, the aviation industry, which is infamous for high carbon emissions, accounts for 3% of the global CO2 emissions. Therefore, they demand more sustainable and eco-friendly construction materials. Thus, construction materials manufacturing companies across the globe have brought sustainability to the manufacturing of cementitious products including concrete repair mortar. In addition to the manufacturing process, the development of materials science has also enabled the production of eco-friendly or low-carbon construction products. For instance, in July 2021, Sika UK launched a brand-new line of low-carbon mortars for concrete repairs. The new MonoTop mortars of business are manufactured from recycled resources and are intended for long-term concrete repair. In addition, compared to other comparable solutions, the MonoTop system emits up to 70% fewer particle emissions during application. Moreover, MAPEI S.p.A., a major construction material manufacturer, offers a wide range of sustainable concrete repair mortars. Moreover, in the coming years, the demand for sustainable construction materials is anticipated to increase, which is expected to create lucrative growth opportunities for the companies that have innovated their products to make them more sustainable.
The concrete repair mortar market is segmented on the basis of type, application, end-user industry, and region. On the basis of type, the market is bifurcated into cementitious and epoxy. On the basis of application bifurcated into structural and non-structural. On the basis of the end-user industry, the market is bifurcated into building construction and infrastructure. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, Italy, the UK, and rest of Europe), Asia-Pacific (China, India, Japan, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Competitive analysis and profiles of the major players in the concrete repair mortar market are provided in the report. Major companies in the report include Alccotech Building Materials Pvt Ltd., BASF SE, Fosroc, Inc., Laticrete International, Inc., MAPEI S.p.A., Perma Construction Aids Pvt. Ltd., Saint Gobain, Sika AG, W. R. Meadows, Inc., and Xypex Chemical Corporation.
Key Market Insights
By type, the cementitious segment was the highest revenue contributor to the market and is estimated to reach $3.08 billion by 2032. Moreover, the epoxy segment is estimated to be the fastest-growing segment with a CAGR of 5.9% during the forecast period.By application, the structural segment was the highest revenue contributor to the market. However, the non-structural segment is expected to grow with a CAGR of 5.9% during the forecast period.
Based on the end user industry, the infrastructure segment was the highest revenue contributor to the market. However, the building construction segment is expected to grow at a CAGR of 6.0% during the forecast period.
Based on region, Asia-Pacific garnered the largest revenue share in 2020, and the LAMEA is anticipated to grow at the highest CAGR of 6.4% during the forecast period.
Companies Mentioned
- Saint Gobain
- MAPEI S.p.A.
- Perma Construction Aids Pvt. Ltd.
- W. R. Meadows, Inc.
- Fosroc, Inc.
- Sika AG
- Xypex Chemical Corporation
- BASF SE
- Alccotech Building Materials Pvt Ltd.
- Laticrete International, Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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