Concrete repair mortars
The concrete repair mortars market is estimated to grow from USD 1.69 Billion in 2015 to USD 2.62 Billion by 2021, growing at a CAGR of 7.67%, in terms of value. The growth will be driven by increased spending on the repair and maintenance of buildings and construction and the rising trend for public–private partnership in transport infrastructure in developed countries.
Concrete repair mortars can be categorised on the basis of; type:
Polymer-modified cementitious (PMC) mortars have seen significant demand in recent years due to high workability, tensile strength, adhesion, and so on.The demand for PMC mortar is fuelled by its low cost and environmentally-friendly characteristics. The PMC mortar segment accounted for the largest market share, both in terms of volume and value, in 2015.
Asia-Pacific is the largest market for concrete repair mortars. Significant growth in the building and construction industry in China and India, coupled with increasing spending on repair and maintenance in the developed countries, such as Australia and Japan is driving demand in this region. However, the global economic slowdown is restricting growth in North America and Europe.
The key players in the concrete repair mortars market are Sika AG (Switzerland), Fosroc International Ltd. (U.K.), Saint Gobain Weber S.A. (Germany), Mapei S.p.A. (Italy), BASF SE (Germany), Pidilite Industries Ltd. (India), Adhesives Technology Corporation (U.S.), Flexcrete Technologies Ltd. (U.K.), Remmers Baustofftechnik GmbH (Germany), The Euclid Chemical Company (U.S.) and other local players.
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