Global Concrete Restoration Market Set to Reach $20.4 Billion by 2026
Concrete restoration involves repairing, restoring, and/or protecting concrete structures. It is a process that is typically done to maintain the structural integrity of concrete structures and to extend their service life. Concrete restoration can be used to repair cracks, seal joints, patch holes, and restore the surface of the concrete. It is also used to protect the concrete from the elements, such as water, wind, and extreme temperatures. The demand for concrete restoration is increasing due to the need for more durable and long-lasting structures. It is also becoming more popular due to its cost-effectiveness and environmental benefits.
The global concrete restoration industry size is estimated to be USD 15.0 billion in 2021 and is projected to reach USD 20.4 billion by 2026, at a CAGR of 6.2%. The high growth of concrete restoration can be attributed to the growing number of construction repair projects globally due to the rising population, rapid urbanization, and increased economic growth in some regions. Emerging markets like China, the UAE, and India are showing remarkable growth due to the aforementioned factors. This has been a decisive factor in the concrete restoration market growth, especially in regions like North America and Europe, where concrete restoration products’ usage is relatively high. By 2026, many new companies will emerge from China, having low-cost concrete restoration products and, thus, offer heavy competition to the existing market players.
Get an Exclusive PDF Copy of This Report at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=198206216
Concrete restoration market by material type is segmented into quick setting cement mortar, shotcrete, fiber concrete and others. Quick setting cement mortar accounted for the largest market share in 2020. It is a special cement formulation that develops a rapid compressive strength and significantly reduces the waiting on cement (WOC) time compared to traditional cement systems. It is used in underwater construction like river bridge construction. Part of bridge construction like a pier, foundation, pier cap, pile cap, and piles, all those constructions use quick setting cement mortar in concrete.
Concrete restoration market by target application is segmented into roads, highways & bridges, buildings & balconies, industrial structures, water & wastewater treatment, marine, dams & reservoirs, and others. The marine application is projected to register the highest CAGR, in terms of value, during the forecast period. The concrete used in the marine industry is exposed to numerous harsh conditions, including physical and chemical attacks. The projected growth shows that most target applications will grow at a high CAGR from 2021–2026, overcoming the adverse effects of global lockdowns and economic standstill caused by the COVID–19 pandemic.
Asia Pacific is expected to witness the highest growth at a CAGR of 7.2% between 2021 and 2026. The increasing economic growth and rapid increase in population are expected to boost the concrete restoration market in this region significantly. In terms of value, Europe is the second-largest market for concrete restoration worldwide and is projected to witness a CAGR of 5.9% during the forecast period.
The key players in the concrete restoration market are Sika (Switzerland), Mapei S.p.A (Italy), Master Builders Solutions (Germany), Fosroc (UAE), BASF SE (Germany), Pidilite Industries (India), RPM International (US), Fyfe (US), Saint-Gobain Weber S.A. (France), and The Euclid Chemical Company (UK).
Request Customized Report as Per Your Requirements at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=198206216
Sika AG is a specialty chemicals company that provides construction and industrial solutions. The company manufactures and sells products for bonding, sealing, damping, reinforcing, and protecting applications in the building and automotive industries. The company’s key focus is concrete, roofing, waterproofing, flooring, sealing & bonding, industry, and refurbishment, which are predicted to be high growth areas. The company manages its operations under these business segments, construction industry products and industrial manufacturing products. Sika has a strong geographical presence with manufacturing facilities in North America, Europe, and APAC, covering over 100 countries.
Fosroc is a British company headquartered in Dubai, UAE, specializing in manufacturing specialized chemicals mainly for building and civil engineering applications. It primarily caters to infrastructure, power, marine, residential, commercial, and industrial sectors. It offers a range of concrete restoration products. Fosroc has manufacturing facilities in Europe, Africa, the Middle East, India, North, South, and East Asia.
Read Our Trending Press Release Below:
Isobutyric Acid Market – Global Forecast to 2028
Underwater Concrete Market – Global Forecast to 2028
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
