The global market for slab repair products is estimated to grow at a CAGR of about 6.5% within the forecast period. Europe is the largest market although North America and Asia Pacific are fast growing. The market for construction chemicals is estimated to be USD 39 billion, the slab repair products account for USD 4.5 billion of the market share.
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The subdued economic forecasts in many countries make it imperative to use cost efficient materials in the commercial and civil construction sectors. The repair systems have been proven to be a much cost-effective method to repair, restore and rehabilitate concrete structures versus more traditional practices with mechanical or cementitious materials.
Although the market is somewhat finite in scope, it is diverse to address the niche. The combination of their cost-effectiveness and the financial pragmatism behind repairing versus rebuilding is the central reason why they are forecasted to grow at over a high rate annually in the coming years despite the projected slump in construction activity.
Slab repair comprises a small section of the following categories of construction chemicals flooring compounds, water proofing compounds, repair and rehabilitation, sealants and grouts. Flooring compounds are mostly epoxy and polyurethane based.
They are used to meet various industrial needs such as abrasion, load impact, chemical attack, moisture penetration, strengthening of damaged floors, as well as improving the aesthetic appeal of the floor. As well as static resistance and fire resistance.
Water proofing compounds are designed to stop water infiltration and caters to various products such as polymer modified cementitious composites, elastomeric polyurethane, water proofing concrete, expanded polyethylene, polyurethane systems,.
Market Dynamics of the Global Market for Slab Repair Products:
Better performance characteristics and sustainability
Growth in revitalization of public infrastructure projects
Lack of market penetration
The repair and rehabilitation products include cementitious repair mortars, concrete floor repairing systems, polyester and epoxy-based resin mortars, moisture insensitive epoxies, structural additives, synthetic adhesives, rust removers and corrosion inhibitors. The sealants are used to seal expansion joints, cracks, joints in concrete roads and to fill gaps in concrete.
Epoxy-based liquid grouting compounds are mainly injected into the walls to fill hairline cracks and gaps, thereby improving the strength of the structure. Polyurethane sealants are used for high-end applications where high flexibility and bonding strength are required.
The report offers segmentation of the market on the basis of geography (APAC, North America, Middle East, Europe and the Rest of the World). The major players in the industry are studied for recent developments, financial analysis and products & services; they include companies that manufacture and others who are end-users of slab repair products.
Some of the key market players are:
Ags Argiles & MinÃ©raux / Imerys Group
Evonik Degussa Gmbh
The Western Group
Walker Parking Consultants
Key Deliverables in the Study
Analysis for the global market for slab repair products, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global market for slab repair products on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped
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