Concrete Restoration Market: Current Analysis and Forecast (2022-2028)

Global Concrete Restoration Market is expected to grow at a significant rate of around 6% during the forecast period. Concrete Restoration is defined as the process of repairing old and damaged concrete. In addition, concrete restoration is a process of restoring a hardened surface that has lost its ability to hold the concrete materials together over time due to deterioration or exposure to the environment. Furthermore, concrete is used to build everything from parking lots to roadways and skyscrapers. It is one of the most resilient and thus commonly used man-made materials on the globe due to its structural strength and great fire resistance. Restoring concrete helps return it to its original appearance, and this process can be used on sidewalks and driveways.

BASF SE, Fosroc, Mapei S.p.A, Sika AG, Master Builders Solutions, Pidilite Industries Limited, Saint-Gobain Weber S.A., The Euclid Chemical Company, Fyfe Co, Normet Group Oy are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst material type, quick-setting cement mortar category to witness the highest CAGR during the forecast period"

Based on material type, the market is segmented into shotcrete, quick-setting cement mortar, fiber concrete, and others. Quick-setting cement mortar category is expected to witness the highest CAGR during the forecast period owing to the special cement formulation which develops a rapid compressive strength and significantly reduces the waiting on cement time compared to other traditional cement systems. Furthermore, it increases the material's strength, lowers permeability, lowers hydration heat, and increases durability which is increasing its demand in the market.

"Amongst application, the marine held a significant share in the market in 2020"

On the basis of application, the market is categorized into water and wastewater treatment, dams & reservoirs, roads, highways & bridges, marine, buildings & balconies, and others. Among these, the marine held a significant share of the market in 2020. This is mainly because the marine industry is exposed to numerous harsh conditions, such as physical and chemical attacks. In addition, marine time activities have emerged as the major drivers of economic growth as they provide natural resources and access to transport and trade. Thus, marine concrete restoration offers better control capability and performance in the field and is highly preferred for restoration.

"APAC to hold a significant share in the market"

APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly the result of several economies, including those of India, China, and ASEAN countries, among others, which are rapidly modernizing and urbanizing within the region. Additionally, concrete restoration demand in the industry is rising as a result of their prospective benefits of speed and affordability. Furthermore, the demand for concrete restoration in the region has also increased as a result of numerous large-scale infrastructure repair projects, as well as the repair of bridges, pipelines, public buildings, and water structures, among other projects. The region's construction products are experiencing significant expansion due to rising socio-economic levels, massive private investment, and government spending on infrastructure repairs.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

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