Market Trends of Slab Repair Products Industry
This section covers the major market trends shaping the Slab Repair Products Market according to our research experts:
Polyurethane Products to Witness the Highest Growth Rate
- Flooring compounds are mostly polyurethane-based. Typically static cracks and live cracks are filled with a flexible material, such as polyurethane. Moreover, they may be transformed into movement joints by cutting or bandaging, and sealing with flexible sealants.
- Cracks subject to water ingress can be filled using polyurethane that reacts to the presence of water to form foam or to create a complete seal. These systems do not bond to the concrete.
- Polyurethane can be applied using a variety of impregnations, coatings, coverings, and membranes. The subdued economic forecasts in many countries make it imperative to use cost-efficient materials in the commercial and civil construction sectors.
- Polyurethane repair systems have been proven to be a much cost-effective method to repair, restore, and rehabilitate concrete structures versus more traditional practices with mechanical or cementations materials.
- Hence, owign to the above-mentioned reasons, polyurethane slab repair products are likely to witness the highest growth rate during the forecast period.
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Europe to Dominate the Market
- Currently, Europe accounts for the highest share of global slab repair products market
- The majority of the demand for slab repair products in Europe comes from United States, Germany, and France.
- Although the market is somewhat finite in scope, it is diverse to address the niche.
- The combination of their cost-effectiveness and the financial pragmatism behind repairing versus rebuilding is the central reason why they are forecasted to grow at over a high rate annually in the coming years despite the projected slump in construction activity.
- Hence, owing to the above-mentioned reasons, Europe is expected to dominate the market studied during the forecast period.
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