Global Concrete Repair Mortars Market to Reach US$3.3 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Concrete Repair Mortars estimated at US$2.2 Billion in the year 2020, is projected to reach a revised size of US$3.3 Billion by 2027, growing at a CAGR of 6.3% over the period 2020-2027.Polymer-Modified Cementitious Mortar, one of the segments analyzed in the report, is projected to grow at a 6.5% CAGR to reach US$2.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Epoxy-Based Mortar segment is readjusted to a revised 5.9% CAGR for the next 7-year period. This segment currently accounts for a 29.9% share of the global Concrete Repair Mortars market.
The U.S. Accounts for Over 28.9% of Global Market Size in 2020, While China is Forecast to Grow at a 9.9% CAGR for the Period of 2020-2027
The Concrete Repair Mortars market in the U.S. is estimated at US$628.6 Million in the year 2020. The country currently accounts for a 28.9% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$623.7 Million in the year 2027 trailing a CAGR of 9.8% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 5.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.1% CAGR while Rest of European market (as defined in the study) will reach US$623.7 Million by the year 2027.We bring years of research experience to this 9th edition of our report. The 379-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Adhesive Technology Corporation
- BASF SE
- Flexcrete Technologies Ltd
- Fosroc International Ltd.
- Mapei S.p.A.
- Pidilite Industries Ltd.
- Remmers GmbH
- Saint-Gobain Weber
- Sika AG
- The Euclid Chemical Company