Global Slab Repair Products Market - Segmented by Product Type, End-user Industry, and Geography - Trends and Forecast (2018 - 2023)
The global slab repair products market is expected to register a CAGR of 6.5%, during the forecast period, 2018 to 2023. Slab repair comprises a small section of the following categories of construction chemicals – flooring compounds, water proofing compounds, repair & rehabilitation, sealants, and grouts. 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.
Increasing Growth in Revitalization of Public Infrastructure Projects
Selecting the appropriate level of corrosion protection is based on many factors, such as, the amount of concrete damage, the level of chloride contamination & carbonation, the cost & design life of the corrosion protection system, the expected service life of the structure and location of corrosion activity (localized or widespread). To prevent corrosion activities from occurring around concrete or at other interfaces between new and old concrete in infrastructures such as bridge widening, wall joints, office buildings, monuments etc., a simple localized corrosion prevention strategy utilizing slab repair systems can be achieved. 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 a high rate annually in the coming years, despite the projected slump in construction activity.
Polyurethane Applications are Expected to Increase
Flooring compounds are mostly polyurethane based. Typically static cracks and live cracks are filled with a flexible material, such as polyurethane. Moreover, they may be transformed into movement joints by cutting or bandaging, and sealing with flexible sealants. Cracks subject to water ingress can be filled using polyurethane that react to the presence of water to form foam or to create a complete seal. These systems do not bond to the concrete. Polyurethane can be applied utilizing a variety of impregnations, coatings, coverings, and membranes. The subdued economic forecasts in many countries make it imperative to use cost efficient materials in the commercial and civil construction sectors. Polyurethane 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 cementations materials.
Europe Dominates the Market
Geographically, the market has been segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2017, Europe was the leading consumer in slab repair products followed by North America and Asia-Pacific. 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.
Major Players: Evonik Degussa Gmbh, The Western Group, SABIC, Silpro Corporation, and Uretek Worldwide, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end use and product type in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
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