Market Size of Concrete Repair Mortar Industry
| Study Period | 2019-2029 |
| Market Size (2024) | USD 2.39 Billion |
| Market Size (2029) | USD 3.15 Billion |
| CAGR (2024 - 2029) | > 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Concrete Repair Mortar Market Analysis
The Concrete Repair Mortar Market size is estimated at USD 2.39 billion in 2024, and is expected to reach USD 3.15 billion by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the overall industry growth. However, the post-pandemic residential and commercial construction has accelerated the demand for concrete repair mortar.
The major factors driving the market study are 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.
