Global Concrete Repair Mortars (CRM) Market 2017-2021

Overview of the global concrete repair mortars (CRM) market

Market research analysts at Technavio predict that the global concrete repair mortars (CRM) market will grow at a CAGR of around 8% by 2021. The rising demand for polymer-modified mortar is identified as one of the primary growth factors for this market. The use of polymer-modified concrete (PMC) as a construction material in structural applications is increasing. Polymer concrete has exceptional durability properties and offers great strength to buildings. PMC is manufactured by modifying ordinary cement mortar or concrete with polymer additives such as re-dispersible polymer powders, latexes, water-soluble polymers, liquid resins, and monomers. The combination of natural polymers with inorganic materials results in the development of high strength and durable construction materials. Currently, PMC is mainly used for flooring, resurfacing, and patching. It is also used as overlays on bridges and roadways, both as new construction and in repairing existing deteriorated structures. However, PMC is also widely used in concrete structures due to their properties such as high tensile strength, bond strength, resistance to cracking, higher flexural strength, and impermeability.

In terms of geographic regions, APAC will be the major revenue contributor to the CRM market throughout the forecast period. The CRM market in APAC is largely driven by the growth in the end-user industries such as building and car park, road and infrastructure, and utility industries. Moreover, the rise in the repair and maintenance expenditure in leading APAC countries such as Australia, Japan, and China will also drive the demand for CRM in this region.

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Technavio's industry research report titled, Global Concrete Repair Mortars (CRM) Market, will help you-

• Identify latent opportunities and explorative solutions in the concrete repair mortars (CRM) market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive

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Competitive landscape and key vendors

The CRM market consists of major vendors and numerous global players. These players have a large geographical presence with huge production facilities located across the world. A considerable number of small regional vendors also operate in the market and account for significant shares. The competitive environment in the market will intensfy in the coming years with technological innovations that lead to an increase in product extensions.

The leading vendors in the market are -

• BASF
• Pidilite Industries
• THE EUCLID CHEMICAL COMPANY
• Sika
• Saint-Gobain Weber

The other prominent vendors in the market are Adhesives Technology Corporation (ATC), Flexcrete, Mapei, Remmers, and Tarmac.

Segmentation by type and analysis of the CRM market

• Polymer cementitious
• Epoxy-based

During 2016, the  polymer cementitious segment accounted for the major shares of the CRM market. Properties such as the tensile strength, environment-friendly nature, and extraordinary workability will contribute to the growth of this market segment in the coming years. Additionally, benefits such as the low cost and a wide range of applications will also propel the segment’s growth in this global market.

Segmentation by end-user and analysis of the CRM market

• Building and car park
• Road and infrastructure
• Utility industries

According to this market research report, the building and car park segment accounted for the maximum share of the CRM market during 2016. The increase in construction projects around the world that include the construction of parking areas involving the use of polymer cementitious mortars as repairing agents and the high-volume requirement of CRM in the repair and refurbishment of residential and non-residential buildings, will be the major factors that drive the growth of the market in this end-user segment.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global concrete repair mortars (CRM) market?
• What are the key market trends impacting the growth of the global concrete repair mortars (CRM) market?
• What are the challenges to market growth?
• Who are the key vendors in the global concrete repair mortars (CRM) market?
• What are the market opportunities and threats faced by the vendors in the global concrete repair mortars (CRM) market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global concrete repair mortars (CRM) market?

Technavio also offers customization on reports based on specific client requirement.

The main types of concrete repair mortars are polymer-modified cementitious mortar and epoxy-based mortar. Concrete repair mortars are used in various end-use industries such as building and car park, road & infrastructure, utility industries, and marine structure. This upcoming market research report on the global concrete repair mortars market is an essential part of Technavio’s chemicals and materials portfolio and offers insights into niche segments like the glass and ceramics.

By analyzing the market forecast and size, surging demand for various glass and ceramics products, the market research professionals at Technavio offer an extensive representation of the global concrete repair mortars market for the forecasted period of 2017 to 2021. Our research practices help clients develop effective growth policies and keep stride with the frequently changing market landscape. This market study also offers a comprehensive analysis of various glass and ceramics products and services based on the understanding of the information gathered from specific resources such as suppliers and market stakeholders. This upcoming market research report on the global concrete repair mortars market also covers vendors like Fosroc International Ltd., Sika AG, Saint-Gobain Weber S.A., Mapei S.P.A., BASF, and Pidilite Industries Ltd.

This upcoming market research report on the global concrete repair mortars market also considers the growth of the similar markets such as the antibacterial glass, which is expected to grow at a CAGR of almost 7% by 2021. According to our market research experts, increased spending on repair and maintenance and rising trend of public-private partnership in developed economies may influence the demand for concrete repair mortars. However, the global economic slowdown is hampering the consumption of concrete repair mortars. Also, to help the clients identify potential market opportunities and expand in niche markets, this report on the global glass handling tools and equipment market also covers geographies like the Americas, APAC, and EMEA.

The upcoming market research report on the global concrete repair mortars market also categorizes the key drivers, major trends, as well as the constraints that the glass and ceramics sector currently experiences. It also presents insights into the rapidly changing competitive situation to give clients an accurate picture of the approaching events within the chemicals and materials industry. Technavio also provides in-depth market assessments into the sectors such as paints, coatings and pigments and specialty chemicals.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.