Global Repair Construction Market 2017-2021 with 3M, BASF, The Dow Chemical Company, Sika & W.R. Grace Dominating

The global repair construction market to grow at a CAGR of 8.35% during the period 2017-2021.

According to the report, one of the major drivers for this market is Affordable pricing of renovated housing.

A shortage of homes for sale, along with rising prices, is encouraging home renovation, repair, and remodeling activity. Presently, the strength of the remodeling market can be attributed majorly to economic factors such as low mortgage rates, favorable stock market, good job opportunities, strong existing home sales, and wage gains.

With household incomes on the rise, homeowners potentially will have to spend more on fixing up their homes. As the economic cycle reaches maturity, the housing rates are likely to increase, and employment will shift fully toward stagnating job growth over time. At that moment, demographics will play a greater role in driving the market.

Repair materials are used in construction when damage occurs in the structure. The repair material is selected on the basis of numerous parameters. The material must be compatible, non-hazardous, durable, and have good bonding strength, low air and water permeability, low shrinkage, and the similar coefficient of thermal expansion.

For non-structural repairs, water repellents, mortar admixtures, bonding agents, waterproofing compounds, paint additives, polymer-based crack fillers, and rust removers are used, considering the future life of the building. Specialized products and services are utilized for structural repairs. These products are inclusive of styrene butadiene rubber, rust removers, ready-made polymer plasters, plasticizers-based repair compounds, acrylic copolymers, and epoxy bonding agents.

Key vendors

Other prominent vendors

Key Topics Covered:

For more information about this report visit https://www.researchandmarkets.com/research/ctkk25/global_repair

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