Dublin, Sept. 19, 2023 (GLOBE NEWSWIRE) -- The "Global Concrete Repair Mortars Market by Type (Epoxy-Based Mortars, Polymer Modified Cementitious Mortars), Grade (Non Structural, Structural), Application Method, End-Use Industry - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Concrete Repair Mortars Market, with a size estimated at USD 2.81 billion in 2022, is poised for substantial expansion, with projections reaching USD 3.09 billion in 2023.
This growth is anticipated to continue at a Compound Annual Growth Rate (CAGR) of 10.15%, ultimately surging to a staggering USD 6.11 billion by 2030.
Market Segmentation & Coverage:
This comprehensive research report delves into the intricacies of the Global Concrete Repair Mortars Market, providing valuable insights and forecasting revenues while analyzing trends across various sub-markets:
Type: The market encompasses two key segments, Epoxy-Based Mortars and Polymer Modified Cementitious Mortars, with the latter projected to dominate the market during the forecast period.
Grade: Within this market, there are distinctions between Non-Structural and Structural grades, with the Structural segment poised for significant market share growth in the forecast period.
Application Method: Three application methods—Hand/Troweling, Pouring, and Spraying—are examined, with Spraying expected to witness substantial market share growth in the coming years.
End-Use Industry: This segment covers a wide array of industries, including Buildings & Carports, Marine, Road Infrastructure, and Utility, with Utility projected to experience significant market share growth during the forecast period.
Region: The report offers an in-depth regional analysis, with coverage of the Americas, Asia-Pacific, and Europe, Middle East & Africa. Key countries within these regions are also highlighted, providing a granular view of market dynamics. Notably, the Americas commanded the largest market share of 38.74% in 2022, followed by Europe, Middle East & Africa.
Market Dynamics:
The report delves into the factors driving and inhibiting market growth, offering a nuanced perspective on opportunities and challenges:
Drivers:
- Time-saving and easy approaches for maintaining current infrastructure in good condition
- The deteriorating condition of existing infrastructure
- Growing demand for increasing the life expectancy of buildings
Restraints:
- Emerging trends of automation in the construction sector
Opportunities:
- The need for increased productivity and aesthetic considerations
- Expanding applications in road infrastructure, marine structures, utility, building and construction
- High spending on repair and maintenance of buildings
Challenges:
- Availability of advanced construction technology for new infrastructure
The report provides insights on several key pointers:
Market Penetration: It offers comprehensive information on the market provided by key players.
Market Development: The report delves into lucrative emerging markets and analyzes penetration across mature segments of the market.
Market Diversification: It provides detailed information about new product launches, untapped geographies, recent developments, and investments.
Market Trends: The report offers a comprehensive understanding of the cumulative impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation.
Competitive Assessment & Intelligence: The report exhaustively assesses market shares, strategies, products, certifications, regulatory approvals, patent landscapes, and manufacturing capabilities of the leading players.
Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report answers pressing questions, including:
- What is the market size and forecast of the Global Concrete Repair Mortars Market?
- How have inhibiting factors and the impact of COVID-19 shaped the Global Concrete Repair Mortars Market during the forecast period?
- Which products/segments/applications/areas are ideal for investment in the Global Concrete Repair Mortars Market?
- What is the competitive strategic window for opportunities in the Global Concrete Repair Mortars Market?
- What are the prevailing technology trends and regulatory frameworks in the Global Concrete Repair Mortars Market?
- What is the market share of the leading vendors in the Global Concrete Repair Mortars Market?
- What modes and strategic moves are considered suitable for entering the Global Concrete Repair Mortars Market?
Key Attributes:
- No. of Pages: 198
- Forecast Period: 2023 - 2030
- Estimated Market Value (USD) in 2023: $3.09 Billion
- Forecasted Market Value (USD) by 2030: $6.11 Billion
- Compound Annual Growth Rate: 10.1%
- Regions Covered: Global
Companies Mentioned
- Adhesive Technology Corporation
- Ardex GmbH
- BASF SE
- Chembond Chemicals Limited
- Dayton Superior Corporation
- Euclid Chemical Co.
- Flexcrete Technologies Ltd.
- Fosroc International Ltd.
- M C Building Chemicals
- Normet Group Oy
- Perma Construction Aids Pvt Ltd.
- Pidilite Industries Ltd.
- Remmers Baustofftechnik GmbH
- Ronacrete Ltd.
- Sika AG
For more information about this report visit https://www.researchandmarkets.com/r/ucz6dn
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