In a recent published report, Kenneth Research has updated the market report for Global Market for Slab Repair Products for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Market for Slab Repair Products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
The Global Market for Slab Repair Products is expected to grow at a CAGR of about 6.5% within 2022. Europe, North America and Asia Pacific are the notable markets for slab repair products market. While 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.
The use of cost-efficient materials for civil and commercial construction sectors have been made imperative by the bleak economic forecasts in many important countries. Traditional practices of repair, restoration and rehabilitation of concrete structures with cementitious materials are very cost-ineffective as compared to the repair systems. The combination of financial pragmatism and cost-effectiveness of repairing over rebuilding has created a niche in the market, although with a limited scope and this is the main reason why they are expected to grow at a high rate annually in spite of the predicted downturn in construction activity.
Slab repair consists of parts of the following categories of repair and rehabilitation, construction chemicals flooring compounds, sealants and grouts. Flooring compounds which are mostly polyurethane and epoxy-based, reused to meet various industrial needs such as load impact, abrasion, moisture penetration, chemical attack, improving the aesthetic appeal of the floor, strengthening of damaged floors and fire and static resistance. Water proofing compounds catering to products such as elastomeric polyurethane, polymer modified cementitious composites, expanded polyethylene, expanded polyethylene, polyurethane systems, water proofing concrete, etc., are designed to stop water infiltration.
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Better characteristics, performance and sustainability
Growth in revitalization of public infrastructure projects
Lack of market penetration
Inclination towards repairing instead of rebuilding
On Basis of Geography
The Rest of the World
Silpro Corporation, The Western Group, Evonik Degussa Gmbh, Sabic, Lafarge S.A., Schomburg Gmbh, The Sherwin-Williams Company, Basf Se, Sika Corporation, The Euclid Chemical Company, Dow Chemical Co., Uretek Worldwide, Walker Parking Consultants, Ags Argiles & Minraux / Imerys Group, Structural Preservation Systems, Inc., Seaboard Weatherproofing Co., Basf Se, Restriction Corporation, C.A. Lindman, Inc.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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