Concrete Crack Fillers Market Size, Share, Growth Analysis, By Type(Plastic shrinkage concrete cracks filler and Hardened concrete cracks filler), By Application(Highway, Bridge) - Industry Forecast 2024-2031

Report ID: SQMIG15F2029 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 61 | Figures: 75

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Concrete Crack Fillers Market size was valued at USD 2.35 billion in 2022 and is poised to grow from USD 2.53 billion in 2023 to USD 4.51 billion by 2031, at a CAGR of 7.50% during the forecast period (2024-2031).

concrete crack fillers market is highly competitive with the presence of local as well as companies. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of market. '3M Company', 'BASF SE', 'Sika AG', 'Rust-Oleum Corporation', 'The Dow Chemical Company', 'Akzo Nobel N.V.', 'Fosroc International Limited', 'W.R. Meadows, Inc.', 'Saint-Gobain S.A.', 'Mapei S.p.A.', 'Euclid Chemical Company', 'Simpson Strong-Tie Company Inc.', 'Bostik SA', 'ITW Polymer Sealants North America', 'Adhesives Technology Corporation', 'Dayton Superior Corporation', 'The Euclid Chemical Company', 'Tremco Incorporated', 'The QUIKRETE Companies, Inc.', 'Flexcrete Technologies Limited'

Need for construction repair

With the increasing demand for non-fossil fuel electricity sources, hydropower is being used more frequently to provide electricity, resulting in an increase in the construction of large dams, hydroelectric turbines, and projects. Constant interaction with water causes these structures to crack and get worse, which increases the consumption of the product. Increasing focus on hydropower plants is the key trend driving the market growth.

On the basis of region, concrete crack fillers market is divided into North America, Europe, Asia Pacific, and MEA. Asia Pacific dominated the market due to factors such as easier large manufacturing facilities and cheaper labour availability. China exports cement-related materials and the country is a leader in this sector. Also, the growing number of hydropower projects in developing regions of Asia is encouraging the use of the product to maintain dams and projects. Besides, Pidlite Industries Ltd. (India) and Mitsubishi Materials Corporation (Japan) are increasing the supply of cement-related materials. Due to large manufacturing and hydropower projects, this region is driving the revenue growth of the market.

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Concrete Crack Fillers Market Size, Share, Growth Analysis, By Type(Plastic shrinkage concrete cracks filler and Hardened concrete cracks filler), By Application(Highway, Bridge) - Industry Forecast 2024-2031

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