The Concrete Repair Mortar is used to bring back the Architectural Shape of the Old Structure and to Resume All the Functional Work Quickly
Concrete repair mortars are generally used in the repair and maintenance of the old and deteriorated buildings & infrastructures. The concrete repair mortar is used to bring back the architectural shape of the old structure and to resume all the functional work quickly. The global concrete repair mortar market size is expected to reach USD 2.62 Billion, by 2021, registering a CAGR of 7.67%, between 2016 and 2021. Growing trend of public–private partnership in developed countries and increasing spending on infrastructure repair & maintenance are the key factors fueling the demand of concrete repair mortars around the world.
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The key companies profiled in this report
includes Sika AG (Switzerland), BASF SE (Germany), Mapei S.p.A.
(Switzerland), Fosroc International Ltd. (U.K.), Saint-Gobain Weber S.A.
(Germany), Pidilite Industries Ltd. (India), Adhesives Technology
Corporation (U.S.), Flexcrete Technologies Ltd. (U.K.), Remmers
Baustofftechnik GmbH (Germany), and The Euclid Chemical Company (U.S.).
The surging construction industry and demand for concrete repair mortars
have encouraged companies to adopt several business strategies to
retain their competitiveness in the global market, between 2012 and
2016. Therefore, companies, such as Sika AG (Switzerland), Mapei S.p.A.
(Italy), and BASF SE (Germany) have adopted expansion and new product
development as their key growth strategies in the global concrete repair mortar market.
Sika AG (Switzerland) is the biggest player in the
global concrete repair mortars market, having the market share of 31.5%,
in 2015. The company adopted expansion as its key strategy in the
global concrete repair mortars market. For instance, in June 2016, Sika
AG (Switzerland) established a new mortar factory in Ecuador and a
subsidiary in Nicaragua. Along with the production facility in Ecuador,
the company also established a packaging and logistic unit, which will
expand the product portfolio in the fast-growing mortar market in
Ecuador. The increased production capacity will enable the company to
increase its market share in South America.
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Mapei S.p.A. (Switzerland) was among the top
manufacturers of concrete repair mortars in 2015. It adopted product
launch as its key strategy to enhance its product portfolio in the
concrete repair mortars market. For instance, in November 2015, Mapei
S.p.A. (Italy) launched a R4-class mortar for the concrete repair
mortars market in South Africa. The product is a one-component
thixotropic mortar, which contains polyacrylonitrile fibers, synthetic
polymers, and special admixtures. It offers solutions for convenient
high-performance structural repairs and smoothing of both internal and
external damaged concrete surface. This launch strengthened the
company’s product portfolio in the concrete repair mortars market in
South Africa.
