The market value for Lightweight Repair Mortars Market was USD 4 Billion in 2022 and is expected to reach USD 8.69 Billion in 2032 growing at a CAGR of 9% during the forecast period. The increasing demand for repairing and maintaining aging infrastructure in developed countries is driving market revenue development. Infrastructure renovation is required owing to issues such as declining infrastructure quality, rising safety concerns, and the requirement for modernization to meet new safety standards.
Furthermore, the growing emphasis on green infrastructure and sustainable building practices is driving demand for non-toxic and non-corrosive eco-friendly repair mortars. This trend is projected to continue as governments worldwide focus on minimizing the carbon footprint of construction activity
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Major Companies:
The global Lightweight Repair Mortars Market is highly competitive and fragmented, with several large and medium-sized players accounting for a significant portion of the market revenue. Major players in the industry are deploying various strategies, such as mergers acquisitions, strategic agreements contracts, and product launches, to gain a competitive edge.
Some major companies included in the global Lightweight Repair Mortars Market report are:
- BASF SE
- Sika AG
- Mapei S.p.A.
- Fosroc International Limited
- Saint-Gobain Weber
- The Euclid Chemical Company
- AkzoNobel N.V.
- Pidilite Industries Limited
- The Sherwin-Williams Company
- Flexcrete Technologies Ltd.
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Lightweight Repair Mortars Market Segmentation:
Type Outlook:
- Polymer-modified Cementitious Mortar
- Epoxy-based Mortar
- Others
Application Outlook (Revenue, USD Billion;2022-2032)
- Buildings Infrastructure
- Roads Bridges
- Others
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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