Concrete Repair Mortar Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Concrete Repair Mortar Market is segmented by Type (Cementitious Concrete, Epoxy Concrete, and Other Types), Application Method (Spraying, Pouring, and Manual), End-user Industry (Residential, Commercial, Industrial, Infrastructure, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for all the above segments in value (USD).

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Concrete Repair Mortar Market Size

Concrete Repair Mortar Market Summary
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Study Period 2018-2028
Base Year For Estimation 2022
CAGR > 6.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Concrete Repair Mortar Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Concrete Repair Mortar Market Analysis

The concrete repair mortar market is expected to register a CAGR of over 6% during the forecast period.

The COVID-19 pandemic has impacted negatively on the overall industry growth. However, the post-pandemic residential and commercial construction has accelerated the demand for concrete repair mortar.

  • The major factor driving the market studied is the deteriorating condition of existing residential infrastructure and pressure on existing infrastructure because of the rising population.
  • On the flip side, stringent regulations pertaining to building codes are likely to hinder the market's growth.
  • The development of patch repair mortar for highway repairs is expected to create new opportunities for the market to grow.
  • Asia-Pacific region represents the largest market and is expected to be the fastest-growing market over the forecast period owing to the consumption from countries such as China, India, and Japan.

Concrete Repair Mortar Industry Segmentation

Concrete repair mortars are designed specifically to replace or restore the original profile and functionality of the damaged concrete. This mortar helps in repairing concrete defects, enhancing its look, regaining structural integrity, improving durability, and extending the life of the building. 

The market is segmented into type, application method, end-user industry, and geography. By type, the market is segmented into cementitious concrete and epoxy concrete. The application method industry segments the market into spraying, pouring, and manual. By end-user industry, the market is segmented into residential, commercial, industrial, infrastructure, and other end-user industries. The report also covers the market size and forecasts for the concrete repair mortar market in 15 countries across major regions. 

The market sizing and forecasts for each segment have been done based on value (USD).

Type
Cementitious Concrete
Epoxy Concrete
Other Types
Application
Spraying
Pouring
Manual
End-user Industry
Residential
Commercial
Industrial
Infrastructure
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Concrete Repair Mortar Market Trends

Significant Growth in Residential Segment

  • The demand for the product is anticipated to surge owing to its applications in the construction industry for restoring structural strength and architectural shape of old buildings. The residential segment is expected to hold a major market share since these buildings are built for a more extended period, and the mortar’s superior structural strength further offers their durability.
  • Concrete repair mortar exhibits excellent properties such as impermeability, tensile strength, stress immunity, and thixotropy, likely to boost the demand as a key construction material.
  • The product finds its application in several areas that need concrete repair, such as structural defects in buildings owing to intense variations in temperature. It is also employed to avoid corrosion of internal structural supports caused by unwanted water inflow.
  • Cementitious concrete mortar is employed for brick-based applications such as fences, walls, and walkways. It offers several advantageous properties to the structures, like corrosion resistance, minimized rusting of internal supports, and moisture absorption. Epoxy concrete mortar is mainly employed for high-strength applications like repairing cracked or broken concrete flooring, providing extra strength to concrete, and making it useful for longer.
  • The U.S. construction sector was valued at around USD 1.6 trillion in 2021 and is expected to increase further in the next year. The rising population has propelled the need for new houses, further boosting the consumption of concrete repair mortar in residential construction activities.
  • Furthermore, in China, from January to March 2022, the housing construction area of real estate development enterprises was 8,062.59 million square meters, a year-on-year increase of 1.0 percent. Among them, the residential construction area was 5,690.45 million square meters, an increase of 1.1 percent.
  • The aforementioned factors are expected to boost the consumption of concrete repair mortar in the residential sector.
Concrete Repair Mortar Market: New Residential Construction, in Thousand Units, United States, 2019 - 2021

Asia Pacific Region to Dominate the Market

  • Asia Pacific is expected to be the largest and fastest-growing market for concrete repair mortars. The high growth rate in the region is attributable to the high population growth which is putting pressure on the existing infrastructure in the countries.
  • In addition, the fast rate of construction and usage of lower-quality building materials in construction is leading to faster repairs.
  • The speedy development of road infrastructure and the real estate industry in developing nations is further anticipated to drive the need for concrete repair mortars.
  • The fast pace of the construction industry in China, India, and Australia lead to an increased demand for concrete repair mortars mainly in residential and non-residential building applications. The growth is further supported by increased spending by countries like Japan and Australia on the repair and maintenance of transport infrastructure.
  • The government, therefore, focuses on the development of infrastructure and construction services through focused policies such as open FDI norms, large budget allocation to the infrastructure sector, smart cities mission, etc.
  • For instance, 100% FDI is allowed for urban infrastructures and completed projects for operations and management of townships, and commercial and business constructions in India. This in turn will surge the demand for concrete repair mortars in the region.
  • In 2021, infrastructure activities accounted for a 13% share of the total FDI inflows of USD 81.72 billion. Additionally, by 2030, more than 40% of the population is expected to live in urban India (33% today), creating a demand for 25 million additional mid-end and affordable housing units.
  • Furthermore, China's construction work sector is growing steadily, reaching a total output value of around CNY 27.6 trillion (USD 4 trillion) in 2021. Benefiting from the rapid urbanization, the construction industry in China generated an output exceeding CNY 31 trillion (USD 4.6 trillion) in 2021.
  • Due to the aforementioned factors, the demand for concrete repair mortar is expected to increase in the region during the forecast period.
Concrete Repair Mortar Market - Growth Rate by Region, 2022-2027

Concrete Repair Mortar Industry Overview

The Global Concrete Repair Mortar Market is partially consolidated, with a few major players dominating a significant portion of the market. Some major companies are Sika AG, BASF SE, MAPEI S.p.A, Saint-Gobain Weber, and Fosroc International Ltd., among others (not in any particular order).

Concrete Repair Mortar Market Leaders

  1. Sika AG

  2. BASF SE

  3. MAPEI S.p.A

  4. Saint-Gobain Weber

  5. Fosroc International Ltd.

*Disclaimer: Major Players sorted in no particular order

Concrete Repair Mortar Market Concentration

Concrete Repair Mortar Market News

  • In September 2022, Fosroc has appointed Mannai Trading Company as its exclusive distributor to supply the most comprehensive range of high-performance construction chemicals serving the construction, infrastructure, oil, and gas industries in Qatar.
  • In July 2021, Sika UK introduced a new range of low-carbon concrete repair mortars. The company's new MonoTop mortars are manufactured from recycled resources and are designed for long-term concrete repair. Sika aims to set a new standard for low environmental impact concrete.

Concrete Repair Mortar Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Building Repair Activities in Europe​

      2. 4.1.2 Increasing Demand for Infrastructure Repair

    2. 4.2 Restraints

      1. 4.2.1 Negative Impact of COVID-19​

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Type

      1. 5.1.1 Cementitious Concrete

      2. 5.1.2 Epoxy Concrete

      3. 5.1.3 Other Types

    2. 5.2 Application

      1. 5.2.1 Spraying

      2. 5.2.2 Pouring

      3. 5.2.3 Manual

    3. 5.3 End-user Industry

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

      3. 5.3.3 Industrial

      4. 5.3.4 Infrastructure

      5. 5.3.5 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Asia-Pacific

        1. 5.4.1.1 China

        2. 5.4.1.2 India

        3. 5.4.1.3 Japan

        4. 5.4.1.4 South Korea

        5. 5.4.1.5 Rest of Asia-Pacific

      2. 5.4.2 North America

        1. 5.4.2.1 United States

        2. 5.4.2.2 Canada

        3. 5.4.2.3 Mexico

      3. 5.4.3 Europe

        1. 5.4.3.1 Germany

        2. 5.4.3.2 United Kingdom

        3. 5.4.3.3 France

        4. 5.4.3.4 Italy

        5. 5.4.3.5 Rest of Europe

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 South Africa

        3. 5.4.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Adhesive Technology Corp.

      2. 6.4.2 BASF SE

      3. 6.4.3 Flexcrete Technologies Ltd.

      4. 6.4.4 Fosroc International Ltd.

      5. 6.4.5 MAPEI S.p.A

      6. 6.4.6 Pidilite Industries Ltd.

      7. 6.4.7 Remmers Baustofftechnik GmbH

      8. 6.4.8 Saint-Gobain Weber

      9. 6.4.9 Sika AG

      10. 6.4.10 The Euclid Chemical Co.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Incorporation of Concrete Repair Mortar with Natural Fibers​

**Subject to Availability
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Concrete Repair Mortar Market Research FAQs

The Concrete Repair Mortar Market is studied from 2018 - 2028.

The Concrete Repair Mortar Market is growing at a CAGR of >6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018-2028.

Asia Pacific holds highest share in 2022.

Sika AG, BASF SE, MAPEI S.p.A, Saint-Gobain Weber, Fosroc International Ltd. are the major companies operating in Concrete Repair Mortar Market.

Concrete Repair Mortar Industry Report

Statistics for the 2023 Concrete Repair Mortar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Concrete Repair Mortar analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Concrete Repair Mortar Market Report Snapshots

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