Concrete Repair Mortar Market - Forecasts from 2024 to 2029

The global concrete repair mortar market is projected to grow at a CAGR of 4.92% during the forecast period (2024-2029).
Repair mortars are supposed to reconstruct or reinstate the profile and performance of the damaged concrete. They help in correcting concrete imperfections, enhancing outlook, reconstructing the structure, enhancing toughness, and elongation of the structure’s service span. It consists of Portland cement, fine and coarse aggregates, and other additives that are supposed to provide good bond strength of the structure besides making it long-lasting. This specialized mortar is referred to as repair mortar used in concretions that develop cracks, spalling, or any other indication that the concrete is decaying. As a result, it effectively reduces the further deterioration of the separated surface and enhances the life expectancy of the concrete structure. Application methods can be hand trowel or spraying, and for the best adhesion, surface preparation is necessary. Short setting times also reduce downtime and make concrete repair mortar a versatile product for construction and rehabilitation.

For instance, Sika concrete repair mortars are suitable for patching and repairing spalled and cracked concrete structures in buildings, bridges, infrastructures, and superstructures.

GLOBAL CONCRETE REPAIR MORTAR MARKET DRIVERS:

• An increase in infrastructure projects in the global market has increased the requirements for materials that can restore concrete structures to production requirements and increase their durability. As demand increases for new or additional structures and improvements of the old ones, the need for concrete surface repair and maintenance increases. For instance, Homes England started 11,530 housing units in England outside of London between April 1 and September 30, 2023, for all programs except GLA (Greater London Authority) programs, whereas housing completion stood at 11,297. Furthermore, the Housing Finance Directorate General of the Ministry of Public Works and Public Dwelling apprehends that based on the calculation of population growth, Indonesia has a forecast to need 30 million dwelling units in 2025.

Government policies supporting financing infrastructure maintenance/rehabilitation projects also open new opportunities for worldwide producers/suppliers of concrete repair mortars. Subsequently, this is one of the methods through which the government of Canada supports various sectors through investment in their infrastructure program. Moreover, the program also deals with strong, sustainable, and diverse communities for Canadian people and the availability of better, reliable, and updated services to make people’s lives easier. The program funds are about USD 33 billion and have been received through two-party deals between Housing, Infrastructure, and Communities Canada and every province and territory. Thus, the growth of infrastructure projects increases market size, promotes innovation, and strengthens the robustness of concrete structures worldwide.

• Product innovation in the concrete repair mortar industry improves durability, strength, and environmental sustainability using improved formulas and materials. This improves the application efficiency of the polymer additives, and the rapid setting technologies reduce the repair period. For example, Concrete-Top Supreme, offered by Flowcrete, is a latex and microsilica-modified cementitious mortar for concrete repair mortar, with thicknesses from 3/8” to 2” (10mm to 50mm). This product is a single-component composition that uses powder latex technology to protect against corrosion, provide outstanding durability under freeze-thaw cycles, and reduce water and de-icing salt infiltration.

Furthermore, Satiate is at the forefront of construction-specific services and solutions. Satiates Solutions is one of the top producers of innovative solutions in passive fire protection and construction chemicals and offers a complete array of professional concrete repair mortar, grouts, and concrete Sika products, as well as restoration products such as Sika MonoTop 122F. Sika MonoTop 122F is a cementitious, polymer-modified, two-component repair mortar with polyamide fibers. When the components are combined, they react to generate a high-strength repair and leveling mortar for concrete.

Besides this, increased resilience to environmental conditions, including freeze-thaw cycles and chemical exposure, extends the life of restored structures. In addition, development in application methods includes automated systems that guarantee correct and regular mortar application. These innovations satisfy emergent industry demands and enhance internationalization and environment-friendly construction processes.

GLOBAL CONCRETE REPAIR MORTAR MARKET SEGMENT ANALYSIS:

By Type, epoxy-based mortars are one of the most rapidly developing segments.

Epoxy concrete repair mortars are extremely durable and adhere well to concrete surfaces, making them ideal for structural repairs in harsh situations. They provide speedy curing periods, reducing downtime and enabling a quick return to service. Their capacity to endure enormous weights and resist chemicals makes them ideal for industrial, commercial, and infrastructural applications worldwide. The increasing demand is driven by their efficacy in treating structural integrity concerns and prolonging the lifespan of infrastructure assets, indicating a global desire for long-lasting and dependable repair solutions in building and maintenance projects.

For instance, Sikadur - 53 UF Mortar is a solvent-free, three-component, moisture-insensitive epoxy resin mortar. It was meant to meet the special demands of concrete repair work, especially when in contact with moisture and/ or water. When coupled, it is applied to wet concrete and hardens to form a hard-strength material. Mortar concrete is created through mixing and is applied to concrete that should be moist; upon application, it hardens to form a substance of high strength. Sikadur-41 IN is another example of a solvent-free thixotropic three-component epoxy mortar that consists of epoxy resins and selected quartz fillers. After mixing, it turns into an easy-to-use multipurpose repair and adhesive mortar.

Alongside this, the CTech-LLC® ERM is a three-part epoxy resin-based mortar for restoring damaged concrete. Epoxy repair mortar is delivered in pre-weighed packs suitable for on-site mixing and application, ensuring uniform characteristics and performance.

Asia Pacific's concrete repair mortar market is anticipated to grow significantly.

Several significant factors propel the Asia Pacific concrete repair mortar market expansion. Growing population and booming economy, especially in developing countries like China, India, and Southeast Asia, stimulate infrastructure development. This also pertains to new constructions and even maintenance and rehabilitation of structures, thus demanding concrete repair mortars. China's urbanization rate, for instance, ranks among the highest in the world. AIA Shanghai estimates that China will add an architectural scale equivalent to New York City by 2025. Ten similar-sized city structures will have been developed. Based on China’s 14th Five-Year Plan, the Ministry of Housing and Urban-Rural Development (MOHURD) has provided a notice on formulating urban renewal actions in 2020. While China's urbanization rate reached 64.7% in 2022, the government's urban regeneration program aims to create greener and more efficient cities to enhance urban living conditions. Following this, government measures to improve infrastructure resilience and sustainability accelerate market growth.

Furthermore, increased investment in the transportation, residential, and commercial sectors drives the use of sophisticated repair technologies, such as novel formulas and application processes, resulting in a dynamic market environment in the area. As of 2023, the Indian government has made significant investments in road infrastructure construction. Major programs like the Bharatmala Pariyojana seek to improve and extend the road network, including developing motorways, economic corridors, and feeder roads. The initiative's first phase would build 34,800 km of roadways, including 27 Greenfield corridors and India's biggest motorway (1,386 kilometers long Delhi-Mumbai Motorway). The Pariyojana envisages 60% of projects in Hybrid Annuity Mode (HAM), 10% in BOT (Toll) Mode, and 30% in EPC Mode.

Additionally, India's housing business is one of the fastest-growing sectors. This sector's growth is driven by a huge population base, growing income levels, and expanding urbanization. The Indian Constitution delegated responsibility for housing and urban development to the State Governments in the country's federal structure. Between April 2000 and December 2023, FDI in the construction development (townships, housing, built-up infrastructure, and construction development projects) and construction (infrastructure) activity sectors totaled USD 26.54 billion and USD 33.52 billion, respectively.

Global Concrete Repair Mortar Market Key Developments:

• In April 2024, Mapei, the world's top manufacturer of building chemicals, expanded its footprint in the UK by establishing a new factory in Speke, near Liverpool.
• In May 2023, Sika completed its acquisition of MBCC Group, a renowned global provider of construction chemicals. MBCC Group has led the way in generating good change in the construction sector by focusing on innovation and sustainability.

The global concrete repair mortar market is segmented and analyzed as follows:

By Type

• Epoxy Based Mortars
• Cementitious Based Mortars

By End-Use Industry

• Residential
• Commercial
• Industrial
• Infrastructure
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• United Arab Emirates
• Rest of the Middle East and Africa
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific