Concrete Restoration Market Analysis | 2023-2028

Concrete Restoration Market Analysis | 2023-2028

Concrete Restoration Market Analysis | 2023-2028
Report code - SR2763 Delivery - 2 Weeks
Concrete Restoration Market Size, Share, Trend, Forecast Analysis & Growth O See more...

“The Concrete Restoration Market is likely to grow at a promising CAGR of 6.2% in the long run to reach US$ 20.4 Billion by 2028.”

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Market Dynamics

Introduction

Concrete restoration is the process of restoring the structural integrity and aesthetic appeal of deteriorated or damaged concrete structures by repairing or reinforcing them. The process comprises giving concrete structures cosmetic upgrades, fixing cracks, restoring or replacing concrete components like columns or beams, or fixing structural flaws. To address issues like aging or deterioration over time, environmental variables like water, chemical exposure, or freeze-thaw cycles, as well as structural damage brought on by impacts or other pressures, concrete restoration of structures is required.

Market Drivers

Due to worldwide population growth, increasing urbanization, and greater economic growth in some areas, a high growth in concrete restoration projects can be linked to these factors. Due to these considerations, emerging markets like China, the UAE, and India are growing remarkably. This has been a key contributor to the expansion of the market for concrete restoration, particularly in developed nations like North America and Europe, where the use of concrete restoration materials is very significant. By 2026, many new Chinese businesses will start up that will provide inexpensive concrete restoration goods and fiercely compete with the market's current leaders

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Material Type Analysis

Shotcrete, Quick Setting Cement Mortar, Fiber Concrete, and Others

Quick-setting cement mortar is anticipated to remain the most preferred material in the years to come.

Application Type Analysis

Roads, Marine, Highways & Bridges, Buildings & Balconies, Industrial Structures, and Others

Marine is expected to be a dominant application in the coming years.

Regional Analysis

North America, Europe, Asia-Pacific, and The Rest of the World

Asia-Pacific is expected to remain the largest market over the next five years.

By Material Type

“Quick-setting cement mortar dominates the market during the forecast period.”

The concrete restoration market is segmented into shotcrete, quick-setting cement mortar, fiber concrete, and others. Quick-setting cement mortar is expected to remain the largest material type in the market during the forecast period.

When compared to conventional cement systems, this unique cement formulation develops a compressive strength quickly and drastically cuts the waiting on cement (WOC) period. It is employed in submerged construction, such as the building of river bridges. All bridge construction components, including piers, foundations, pile caps, and piles, use quick-setting cement mortar in concrete.

By Application Type

“Marine segment dominates the market during the forecast period.”

The market is segmented into roads, marine, highways & bridges, buildings & balconies, industrial structures, and others. Marine is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period. The concrete used in the marine industry is exposed to numerous harsh conditions, including physical and chemical attacks.

Regional Analysis

“Asia-Pacific is expected to remain the largest market for concrete restoration during the forecast period.”

The region's expanding concrete restoration business is due to China and India's dense populations. The concrete construction in these nations is being overloaded by the growing populations. If routine maintenance is not done, these structures may deteriorate over time and eventually collapse. APAC's market for concrete restoration is expanding because of the region's fast industrialization, urbanization, and expansion.

Among other nations, there is rapid industrial expansion in Japan, China, South Korea, and India. The demand for concrete restoration in APAC has been driven by large-scale infrastructure repair projects and the mending of bridges, pipelines, public buildings, and water structures, among other projects.

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Key Players

The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.  

The following are the key players in the concrete restoration market (arranged alphabetically).

  • BASF SE
  • FOSROC
  • FYFE
  • MAPEI S.P.A.
  • Master Builders’ Solutions
  • Pidilite Industries Limited
  • RPM International Inc.
  • Saint-Gobain Weber S.A.
  • SIKA AG
  • The Euclid Chemical Company

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the Concrete Restoration Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s concrete restoration market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

  • Detailed profiling of additional market players (up to three players)
  • SWOT analysis of key players (up to three players)

Competitive Benchmarking

  • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Frequently Asked Questions (FAQs)

Concrete restoration is the process of restoring the structural integrity and aesthetic appeal of deteriorated or damaged concrete structures by repairing or reinforcing them. The process comprises giving concrete structures cosmetic upgrades, fixing cracks, restoring or replacing concrete components like columns or beams, or fixing structural flaws. To address issues like aging or deterioration over time, environmental variables like water, chemical exposure, or freeze-thaw cycles, as well as structural damage brought on by impacts or other pressures, concrete restoration of structures is required.

The concrete restoration market is estimated to grow at a CAGR of 6.2% by 2028, driven by increasing urbanization, worldwide population growth, and greater economic growth in some areas.

BASF SE, FOSROC, FYFE, MAPEI S.P.A., Master Builders’ Solutions, Pidilite Industries Limited, RPM International Inc., Saint-Gobain Weber S.A., SIKA AG, and The Euclid Chemical Company are the leading players in the concrete restoration market.

The Concrete Restoration Market is likely to reach US$ 20.4 Billion by 2028.

Asia-Pacific is estimated to remain dominant in the concrete restoration market in the foreseeable future. The region's expanding concrete restoration business is due to China and India's dense populations. The concrete construction in these nations is being overloaded by the growing populations.

Marine is expected to remain the dominant as well as the fastest-growing application in the market during the forecast period. The concrete used in the marine industry is exposed to numerous harsh conditions, including physical and chemical attacks.