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.
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 repair concrete defects, enhances its look, regains structural integrity, improves durability, and extends the life of the building.
The concrete repair mortars market is segmented into type, application, end-user industry, and geography. By type, the market is segmented into cementitious concrete and epoxy concrete. By application, the market is segmented into spraying, pouring, and manual. By end-user industry, the market is segmented into residential, commercial, industrial, infrastructure, and other end-user industries (marine, etc.). The report also covers the market size and forecasts for the concrete repair mortar market in 26 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| Type | |
| Cementitious Concrete | |
| Epoxy Concrete |
| Application | |
| Spraying | |
| Pouring | |
| Manual |
| End-user Industry | |
| Residential | |
| Commercial | |
| Industrial | |
| Infrastructure | |
| Other End-user Industries (Marine, etc.) |
| Geography | |||||||||||
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Concrete Repair Mortar Market Size Summary
The concrete repair mortars market is poised for significant growth, driven by the increasing need to restore and maintain the structural integrity of aging infrastructure. The demand for these mortars is primarily fueled by the deteriorating condition of existing residential and commercial buildings, coupled with the pressures of rising population densities. The market is expected to expand as construction activities resume post-pandemic, although stringent building regulations may pose challenges. Innovations such as patch repair mortars for highway repairs are anticipated to open new avenues for market growth. The Asia-Pacific region, particularly countries like China, India, and Japan, is expected to lead the market due to rapid urbanization and infrastructure development.
The market's expansion is further supported by the superior properties of concrete repair mortars, such as impermeability and tensile strength, making them essential in the construction industry for restoring the structural strength and architectural shape of old buildings. The residential segment is projected to hold a significant share, given the long-term durability offered by these mortars. The product's versatility in applications, from repairing structural defects to preventing corrosion, underscores its importance. Major infrastructure projects, such as airport expansions and railway station rehabilitations, are expected to drive demand. The market is characterized by fragmentation, with key players like Sika AG and MAPEI SpA actively expanding their presence and product offerings globally.
Concrete Repair Mortar Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Building Repair Activities in Europe and North America
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1.1.2 Increasing Demand for Infrastructure Repair
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Availability and Cost of Raw Materials
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1.2.2 Stringent Environmental Regulations
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Cementitious Concrete
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2.1.2 Epoxy Concrete
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2.2 Application
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2.2.1 Spraying
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2.2.2 Pouring
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2.2.3 Manual
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2.3 End-user Industry
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Industrial
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2.3.4 Infrastructure
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2.3.5 Other End-user Industries (Marine, etc.)
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Indonesia
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2.4.1.6 Malaysia
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2.4.1.7 Thailand
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2.4.1.8 Vietnam
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2.4.1.9 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Spain
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2.4.3.6 Russia
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2.4.3.7 Turkey
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2.4.3.8 NORDIC Countries
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2.4.3.9 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Colombia
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2.4.4.4 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Qatar
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2.4.5.4 UAE
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2.4.5.5 Egypt
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2.4.5.6 Rest of Middle-East and Africa
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Concrete Repair Mortar Market Size FAQs
How big is the Concrete Repair Mortar Market?
The Concrete Repair Mortar Market size is expected to reach USD 2.39 billion in 2024 and grow at a CAGR of greater than 5.5% to reach USD 3.15 billion by 2029.
What is the current Concrete Repair Mortar Market size?
In 2024, the Concrete Repair Mortar Market size is expected to reach USD 2.39 billion.
