Global Concrete Repair Mortars Market Size, Share, Growth Analysis, By Type(Polymer Modified Cementitious (PMC), and Epoxy-based), By Application(Hand/Troweling, Pouring) - Industry Forecast 2024-2031

Global Concrete Repair Mortars Market size was valued at USD 2.83 billion in 2022 and is poised to grow from USD 3.08 billion in 2023 to USD 6 billion by 2031, growing at a CAGR of 8.7% in the forecast period (2024-2031).

The competitive landscape of the concrete repair mortars market is characterized by the presence of several established global players, regional manufacturers, and innovative startups. Leading companies in the industry, such as Sika AG, BASF SE, Fosroc International, Saint-Gobain Weber, and MAPEI S.p.A., dominate significant market shares due to their extensive product portfolios, strong distribution networks, and well-established brand recognition. These key players invest heavily in research and development to introduce advanced formulations, enhancing the performance, durability, and eco-friendliness of their repair mortar products. Collaborations, mergers, and acquisitions are common strategies in this market, enabling companies to expand their geographic reach and diversify their product offerings. Additionally, a growing emphasis on sustainability and environmental considerations has led to the introduction of eco-friendly repair mortars, with companies focusing on producing materials that meet stringent regulatory standards. Regional manufacturers often cater to specific local markets and may offer tailored solutions to address unique repair challenges. As innovation continues to drive the industry, new entrants and startups are emerging, focusing on niche applications or specialized formulations, contributing to the dynamism and competitive nature of the concrete repair mortars market. 'Sika AG', 'BASF SE', 'Fosroc International Ltd.', 'Pidilite Industries Ltd.', 'Mapei S.p.A.', 'Saint-Gobain Weber', 'The Euclid Chemical Company', 'Remmers Group', 'Aditya Birla Chemicals', 'Flexcrete Technologies Ltd.', 'Rust-Oleum Corporation', 'CEMEX S.A.B. de C.V.', 'Ardex Group', 'Muhu (China) Construction Materials Co., Ltd.', 'AkzoNobel N.V.'

The increasing age of buildings and infrastructure across the globe creates a growing need for repair and maintenance, driving the demand for concrete repair mortars.

Sustainability and Eco-Friendly Solutions: A prominent trend in the concrete repair mortars market is the increasing demand for sustainable and environmentally friendly repair materials. This includes the use of recycled or low-carbon footprint materials, as well as formulations that minimize environmental impact during production and application.

As of 2022, Asia Pacific held a dominant position in the global market, contributing to over 35% of the overall market share. This region is projected to maintain its leadership by being the fastest-growing market from 2023 to 2030. The growth is primarily driven by the region's expanding population, which exerts pressure on existing infrastructure, leading to structural deterioration and subsequently creating a substantial demand for repair materials.