The global concrete restoration market size was US$ 15,075 million in 2021. The global concrete restoration market is forecast to reach US$ 26,414 million by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
The act of recovering a hardened concrete surface that has lost its ability to hold the concrete materials together over time due to deterioration or exposure to the environment is known as concrete restoration. From skyscrapers to roadways and even parking lots, concrete is one of the most commonly used materials on the planet. It is one of the most durable and thus primary use man-made materials worldwide due to its structural strength and fire resistance. The repair procedure, which can also use on sidewalks and roadways, can restore concrete to its former appearance.
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Factors Influencing Market Growth
Among the factors driving the global market include the rising number of construction repair projects globally owing to the increasing population, a surge in urbanization, and growing economic growth.
The increasing need for sustaining the social infrastructure boost the global market growth.
The increasing investments by public and private organizations in expanding long-lasting buildings, highways, and marine structures will increase infrastructure repair and maintenance activities in many countries. Thus, this is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Several countries’ governments worldwide imposed a lockdown in order to prevent the virus spread. This halted construction activities worldwide. In addition, The COVID-19 has disrupted global supply chains, which transmit materials and components across borders and between fabrication plants at breakneck speed.
Regional Analysis
The Asia Pacific region garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. As a result of the growing population strains on existing infrastructure, leading to structural deterioration and rising demand for repair materials. In addition, major infrastructure repair projects, like bridges, public buildings, water structures, and pipelines drive the market growth in the region.
North America is forecast to have lucrative growth during the forecast period. As a result of the rising restoration work of commercial, residential, bridges, silo-flue pipes, oil and natural gas pipelines, water structures, and industrial structures. Major restoration projects include Old Youngs Bay Bridge across Youngs Bay in Astoria, Oregon (US), Huntley Bridge Perrys Creek Bridge in Burleigh Falls, Teed Bridge in Cumberland County, etc., fueling the market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global concrete restoration market are:
BASF SE
Fosroc
Fyfe
Mapei S.p.A
Master Builders Solutions
Pidilite Industries
RPM International
Saint-Gobain Weber S.A.
Sika
The Euclid Chemical Company
Other Prominent Players
Scope of the Report
The global concrete restoration market segmentation focuses on Material Type, Application, and Region.
Segmentation based on Material Type
Shotcrete
Quick setting cement mortar
Fiber concrete
Others (concrete bonding agents, grout, etc.)
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Segmentation based on Application
Water & Wastewater Treatment
Dams & Reservoirs
Roads, Highways & Bridges
Marine
Buildings & Balconies
Others (parking structures, industrial facilities, other miscellaneous)
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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