According to the report by Expert Market Research (EMR), The Global Concrete Restoration Market Growth, Share, Analysis, Report and Forecast 2024-2032″, reached a value of approximately USD 14.9 billion in 2023. Aided by the rising investment in the development of public infrastructure and the growing focus on developing sustainable and green solutions, the market is projected to further grow at a CAGR of 6.30% between 2024 and 2032 to reach a value of USD 21.5 billion by 2032.
Concrete restoration involves the repair and refurbishment of aged or damaged concrete structures to restore their strength, durability, and visual appeal. This includes various processes such as crack repair, surface reinstatement, corrosion management, and protective coating application. Concrete restoration is vital in the maintenance and longevity of infrastructure, and its need arises in various industries such as construction, transport, and utilities.
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The escalating demand for sturdy and visually appealing construction materials is a significant driver for the global concrete restoration market growth. As awareness about the importance of maintaining and prolonging the lifespan of infrastructure assets grows, there’s a discernible shift towards regular and efficient concrete restoration practices. Moreover, the rising trend of urbanisation and infrastructural development across emerging economies has further bolstered the demand for concrete restoration services.
The wide-ranging applications of concrete restoration across various sectors also significantly contribute to the concrete restoration market expansion. In the construction industry, concrete restoration plays a crucial role in building maintenance, contributing to the safety, longevity, and aesthetics of structures. In the transportation industry, concrete restoration is pivotal in maintaining roads, bridges, and tunnels, while in the utilities sector, it is vital in ensuring the robustness of power plants, dams, and wastewater treatment facilities.
Moreover, the increased emphasis on sustainability in construction practices has shed light on concrete restoration as a vital process for extending the lifecycle of existing structures and minimising construction waste. With the rise of the green building movement and the growing popularity of the circular economy concept, refurbishing and retrofitting existing structures, instead of constructing new ones, has become a preferred practice. As such, concrete restoration has emerged as a key procedure in sustainable construction, giving a significant boost to the concrete restoration market demand.
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Concrete Restoration Market Segmentation
The market can be divided based on type, application, end use, and region.
Market Breakup by Type
- Skin Coating Mortars
- Concrete Repair Products
- Anchoring and Grouting
- Masonry Structures Products
- Admixtures for Mortar
- Road Engineering Products/Epoxy Deck Overlays
- FRP Concrete Strengthening
Market Breakup by Application
- Parking Structures
Market Breakup by End Use
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global concrete restoration companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Sika AG
- MAPEI Corporation
- RPM International Inc.
- Fosroc, Inc.
- ARDEX GmbH
- TCC Materials
- The Euclid Chemical Company
- Saint-Gobain Group
- SCHOMBURG GmbH & Co. KG
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