Market Forecast By Type (Polymer Modified Cementitious Mortars, Epoxy Based Mortars), By Grade (Structural, Non Structural), By Application (Hand/trawling, Pouring, Spraying), By End-use (Buildings & Carparks, Road Infrastructure, Utility, Marine) And Competitive Landscape
Product Code: ETC320103 | Publication Date: Aug 2022 | Updated Date: Jun 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Report Name | Mexico Concrete Repair Mortars Market |
Forecast period | 2024-2030 |
CAGR | 9.5% |
Growing Sector | Automobile |
The Mexico Concrete Repair Mortars MarketΒ report thoroughly covers the market By Type, By Grade, By Application and By End-User. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Mexico concrete repair mortars market is growing at a steady pace due to the increasing demand for infrastructure and construction projects in the country. This has led to a rise in the use of concrete as a primary building material, making it crucial to have effective repair solutions. One of the major drivers of this market is government initiatives towards infrastructural development. The Mexico government has invested heavily in the development of roads, bridges, and buildings to improve connectivity and promote economic growth. As a result, there is a significant demand for concrete repair mortars as they provide cost-effective and durable solutions for repairing damaged structures.
According to 6Wresearch, Mexico Concrete Repair Mortars MarketΒ size is expected to grow at a CAGR of 9.5% during 2024-2030. The concrete repair mortars market in Mexico has been steadily growing in recent years, driven by the increasing demand for infrastructure development and maintenance. The country's government has allocated significant funds towards improving its transportation systems, public buildings and utilities, which has created a strong demand for repair and restoration products. In addition, the rise in population and urbanization has led to a higher need for residential and commercial construction, further driving the demand for concrete repair mortars. The primary driver of the Mexico concrete repair mortars market is the government's focus on infrastructure development. The country has been actively investing in improving its transportation networks, including constructing new highways and bridges. This has not only created a demand for new construction but also for the maintenance and repair of existing structures. However, while the Mexico concrete repair mortars market is experiencing growth, there are still some challenges that need to be addressed. One of the major challenges is the lack of skilled labor and expertise in the proper application and usage of these products. This can lead to ineffective repairs and potential safety hazards. In addition, there may also be a lack of standardized regulations and guidelines for the use of concrete repair mortars, leading to variations in quality and performance.
Some of the key players in the Mexico concrete repair mortars market include GCC, the company is one of the leading producers of cement, concrete, aggregates, and innovative products in Mexico. Cemex is one of the largest building materials companies in Mexico and one of the leading suppliers of concrete repair mortars. BASF is a global leader in the chemical industry and offers a comprehensive range of construction chemicals, including concrete repair mortars. Sika is a leading supplier of specialty chemicals for the construction industry and offers a wide range of concrete repair mortars and systems. Fester is a Mexico company that specializes in waterproofing and construction chemicals. The company offers a range of high-quality concrete repair mortars and solutions for both residential and commercial applications. Moreover, these companies are constantly innovating and expanding their product portfolios to meet the growing demand for concrete repair mortars in the country. They are also investing in research and development to improve the performance and sustainability of their products, thereby gaining a competitive edge in the market.
The Mexico concrete repair mortars market is regulated by various government bodies and organizations to ensure the safety, quality, and effectiveness of these products. Some of the key regulations governing the concrete repair mortars market in Mexico include. Norma Mexicana NMX-C-170-ONNCCE-2019: This is the Mexico standard for the repair of concrete structures. It provides guidelines for the selection, preparation, and application of repair materials, including concrete repair mortars. Norma Mexicana NMX-C-177-ONNCCE-2019: This standard specifies the requirements for the materials and methods used in the repair of concrete structures affected by corrosion of reinforcement. Reglamento de Construcciones para el Distrito Federal (RCDF): The RCDF is the building code for the Federal District (Mexico City) and provides regulations for the design and construction of buildings and civil engineering works. In addition, the National Institute of Housing (INFONAVIT) also has guidelines for the use of construction materials in residential buildings, including concrete repair mortars. Compliance with these regulations is essential for manufacturers to enter and thrive in the Mexico market.
As the Mexico concrete repair mortars market continues to grow, there are several key factors that will shape its future. One of these is the rise in demand for high-performance and sustainable solutions. With a growing focus on environmental sustainability and building resilience, there will be an increasing need for innovative concrete repair mortars that offer enhanced properties such as increased strength, durability, and low environmental impact. Furthermore, the adoption of new construction techniques such as 3D printing and prefabrication is also expected to drive the demand for specialized concrete repair mortars. These techniques require materials with specific properties to achieve optimal performance, creating opportunities for manufacturers to develop customized solutions. Moreover, increasing investments in research and development by key players in the market will lead to the introduction of new products and technologies, further expanding the market. With ongoing developments and a positive outlook for the construction industry in Mexico, the concrete repair mortars market is poised for continued growth in the coming years. be addressed by manufacturers to fully tap into its potential. Overall, the Mexico concrete repair mortars market presents a promising opportunity for manufacturers to expand their business and contribute towards the infrastructure development of the country.
According to Ravi Bhandari, Research Head, 6Wresearch, the polymer modified cementitious mortars segment is expected to witness significant growth in the Mexico concrete repair mortars market due to its superior properties such as high strength, durability, and adhesion.
The structural grade segment dominates the Mexico concrete repair mortars market, owing to its wide use in repairing critical structures such as bridges, highways, and high-rise buildings.
The hand/trawling segment leads the Mexico concrete repair mortars market. This can be attributed to its wide usage in small-scale repairs and renovations, especially in residential buildings.
The buildings and carparks segment is probable to register the highest growth in the Mexico concrete repair mortars market. This can be attributed to the increasing demand for durable and long-lasting solutions for repairing residential and commercial structures.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Concrete Repair Mortars Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Concrete Repair Mortars Market Revenues & Volume, 2020 & 2030F |
3.3 Mexico Concrete Repair Mortars Market - Industry Life Cycle |
3.4 Mexico Concrete Repair Mortars Market - Porter's Five Forces |
3.5 Mexico Concrete Repair Mortars Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Mexico Concrete Repair Mortars Market Revenues & Volume Share, By Grade, 2020 & 2030F |
3.7 Mexico Concrete Repair Mortars Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.8 Mexico Concrete Repair Mortars Market Revenues & Volume Share, By End-use, 2020 & 2030F |
4 Mexico Concrete Repair Mortars Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Concrete Repair Mortars Market Trends |
6 Mexico Concrete Repair Mortars Market, By Types |
6.1 Mexico Concrete Repair Mortars Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Mexico Concrete Repair Mortars Market Revenues & Volume, By Type, 2020 - 2030F |
6.1.3 Mexico Concrete Repair Mortars Market Revenues & Volume, By Polymer Modified Cementitious Mortars, 2020 - 2030F |
6.1.4 Mexico Concrete Repair Mortars Market Revenues & Volume, By Epoxy Based Mortars, 2020 - 2030F |
6.2 Mexico Concrete Repair Mortars Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Mexico Concrete Repair Mortars Market Revenues & Volume, By Structural, 2020 - 2030F |
6.2.3 Mexico Concrete Repair Mortars Market Revenues & Volume, By Non Structural, 2020 - 2030F |
6.3 Mexico Concrete Repair Mortars Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Mexico Concrete Repair Mortars Market Revenues & Volume, By Hand/trawling, 2020 - 2030F |
6.3.3 Mexico Concrete Repair Mortars Market Revenues & Volume, By Pouring, 2020 - 2030F |
6.3.4 Mexico Concrete Repair Mortars Market Revenues & Volume, By Spraying, 2020 - 2030F |
6.4 Mexico Concrete Repair Mortars Market, By End-use |
6.4.1 Overview and Analysis |
6.4.2 Mexico Concrete Repair Mortars Market Revenues & Volume, By Buildings & Carparks, 2020 - 2030F |
6.4.3 Mexico Concrete Repair Mortars Market Revenues & Volume, By Road Infrastructure, 2020 - 2030F |
6.4.4 Mexico Concrete Repair Mortars Market Revenues & Volume, By Utility, 2020 - 2030F |
6.4.5 Mexico Concrete Repair Mortars Market Revenues & Volume, By Marine, 2020 - 2030F |
7 Mexico Concrete Repair Mortars Market Import-Export Trade Statistics |
7.1 Mexico Concrete Repair Mortars Market Export to Major Countries |
7.2 Mexico Concrete Repair Mortars Market Imports from Major Countries |
8 Mexico Concrete Repair Mortars Market Key Performance Indicators |
9 Mexico Concrete Repair Mortars Market - Opportunity Assessment |
9.1 Mexico Concrete Repair Mortars Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Mexico Concrete Repair Mortars Market Opportunity Assessment, By Grade, 2020 & 2030F |
9.3 Mexico Concrete Repair Mortars Market Opportunity Assessment, By Application, 2020 & 2030F |
9.4 Mexico Concrete Repair Mortars Market Opportunity Assessment, By End-use, 2020 & 2030F |
10 Mexico Concrete Repair Mortars Market - Competitive Landscape |
10.1 Mexico Concrete Repair Mortars Market Revenue Share, By Companies, 2023 |
10.2 Mexico Concrete Repair Mortars Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |