Overview and Scope
Concrete restoration refers to the process of repairing older concrete construction, thus restoring it to its original appearance. This process of restoration is used in a number of settings, from home construction and restoration to the restoration of sidewalks along city streets. The concrete restoration is used for repairing old and damaged concrete.
Sizing and Forecast
The concrete restoration market size has grown strongly in recent years. It will grow from $16.13 billion in 2023 to $17.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to aging infrastructure, harsh environmental conditions, structural deterioration, compliance with safety standards, increase in renovation projects, public safety concerns.
The concrete restoration market size is expected to see strong growth in the next few years. It will grow to $22.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to environmental sustainability, growing concerns about infrastructure longevity, increase in disaster-related restoration, preservation of cultural heritage, investments in public infrastructure. Major trends in the forecast period include adoption of advanced repair materials, sustainable restoration solutions, integration of carbon fiber reinforcement, nanotechnology for concrete repair, non-destructive testing (NDT) methods, self-healing concrete technologies.
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Segmentation & Regional Insights
The concrete restoration market covered in this report is segmented –
1) By Material Type: Shotcrete, Quick Setting Cement Mortar, Fiber Concrete, Other Material Types
2) By Application: Roads, Highways, And Bridges, Dams And Reservoirs, Marine, Buildings And Balconies, Water And Wastewater Treatment, Other Applications
3) By End User: Residential, Commercial And Institutional, Infrastructure
Asia-Pacific was the largest region in the concrete restoration market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the concrete restoration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing number of construction repair projects is expected to propel the growth of the concrete restoration market going forward. Construction repair refers to all types of work done by laborers and mechanics employed by the sub-recipient, construction contractor, or construction subcontractor on a particular building or work. Restoration is the process in which it will return the building to its original condition. For instance, in May 2022, according to the Office of National Statistics (ONS), a UK-based Statistics Authority, construction repairs in the UK increased by 5.5% year-on-year and seven of the nine ONS-monitored construction sectors have seen an increase in work, with only infrastructure and public new work seeing falls. Therefore, an increasing number of construction repair projects around the world will drive the concrete restoration market growth.
Key Industry Players
Major companies operating in the concrete restoration market report are BASF SE, Saint-Gobain Weber S.A., Toray Industries Inc., Solvay S.A., Sika AG, Teijin Limited, RPM International Inc., Mitsubishi Chemical Holdings Corporation, Mapei S.p.A, Sto SE & Co. KGaA, Hexcel Corporation, Pidilite Industries Limited, SGL Carbon SE, Fosroc Group, Gurit Holding AG., Normet Group Oy, Structural Group Inc., Flexcrete Technologies Ltd, The Euclid Chemical Company, Simon Surfaces, U-C Coatings LLC, Western Construction Group Inc., MBCC Group, Axiom Materials Inc., CROM Corp, MB Solutions Australia Pty Ltd, Concrete Restoration Inc., Edison Coatings Inc., Fyfe Co LLC, American Decorative Coatings LLC
The concrete restoration market report table of contents includes:
1. Executive Summary
2. Concrete Restoration Market Characteristics
3. Concrete Restoration Market Trends And Strategies
4. Concrete Restoration Market - Macro Economic Scenario
5. Global Concrete Restoration Market Size and Growth
...
32. Global Concrete Restoration Market Competitive Benchmarking
33. Global Concrete Restoration Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Concrete Restoration Market
35. Concrete Restoration Market Future Outlook and Potential Analysis
36. Appendix
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