Concrete Restoration Market to Reach US$26,414 Million by 2030

NEW YORK, June 13, 2022 (GLOBE NEWSWIRE) — The world concrete restoration market size is expected to grow at a CAGR of over 6% over the projected years and reach a value of approximately US$26,414 million by 2030.

The deterioration of old buildings, roads, bridges, dams and reservoirs will create a high demand for concrete restoration players operating globally. If a structure has served for 25-30 years without much maintenance or repair, it is realistic to assume that it will require work. The effects of earthquakes and wind also cause structural damage. The effects of weathering and aging as well as lack of maintenance and care are the main reasons for deterioration. On the other hand, many poorly constructed and poorly constructed buildings are in poor structural and general health conditions, requiring major structural repairs. This premature deterioration is mainly caused by the poor quality of buildings, poor design and the inability to carry out repairs in a timely manner. Improper structural design, poor construction or concreting practices, and water leaks leading to concrete and rebar corrosion are just a few of the major causes of structural deterioration.

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Impact of Covid-19 on the Global Concrete Restoration Industry

The impact of the COVID-19 pandemic has been felt by a significant number of concrete restoration companies in various ways, and they are now focused on long-term growth. Concrete restoration companies are expected to see significant near-term prospects as the global concrete restoration and other chemical industries play such an important role in the economic recovery of countries.

Report cover:

Market Concrete Restoration Market
Market size 2021 US$15,075 million
Market Forecast 2030 US$26,414 million
CAGR (2022 – 2030) More than 6%
Analysis period 2018 – 2030
Year of reference 2021
Forecast data 2022 – 2030
Segments Covered By type of material, by target application, by region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Profiled Key Companies BASF SE, Fosroc, Fyfe, Mapei SpA, Master Builders Solutions, Pidilite Industries, RPM International, Saint-Gobain Weber SA, Sika and The Euclid Chemical Company
Report cover Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis
Scope of customization 10 a.m. free customization and expert advice

Growth factors of the global concrete restoration market

As energy prices have risen and construction and operating budgets have been severely constrained, the real estate industry has been forced to pay more attention to the lifecycle impacts of infrastructure. Building maintenance is sometimes overlooked, but when done correctly, it can save money and resources. Concrete restoration assists in the renovation of areas such as roads and infrastructure, marine structures and utilities. It helps in the renovation and restoration of old structures that have deteriorated over time due to many environmental variables. In addition, it helps in the restoration of the architectural structure and stability of old structures.

Concrete restoration can also be used to complete unfinished work on older buildings that have deteriorated over time. Due to their high tensile and crack strength, restorations are commonly used in high stress applications such as parking lots and highway bridges. On the other hand, the strict regulation in the developed countries for the use of cementitious materials is one of the major restraints for the growth of the market.

Additionally, increasing expenditure in the restoration industry to save significant architectural monuments is expected to fuel the growth of the market throughout the forecast period 2022-2030.

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Segments of the global concrete restoration market

The concrete restoration market is divided into three categories: type of material, target application and geography. Based on the type of material, the market is divided into fiber-reinforced concrete, shotcrete, quick-setting cement mortar and others (grouts, concrete binders, etc.). Based on our analysis, the quick-setting cement mortars segment generated the maximum share in 2021. Quick-setting cement, often referred to as early strength concrete, has a cement formulation/content that allows the concrete to 90% strength in three days instead of the usual Seven. So, compared to typical cement systems, this is a specific cement formula that creates rapid compressive strength and dramatically minimizes the period waiting on cement (WOC).

Based on the target application segment, the market is divided into Roads, Highways & Bridges, Dams & Reservoirs, Marine, Buildings & Balconies, Water & Wastewater Treatment, and Others (Industrial Plants, Parking Structures & others). In 2021, the roads, highways and bridges segment achieved substantial market share. Governments around the world are striving to improve their transportation infrastructure to reduce overall transportation costs and time. Meanwhile, the marine segment reached the fastest CAGR in the projected years. Maritime operations, which provide natural resources as well as access to transport and trade, have become key drivers of economic expansion. As a result, some economies are focusing their efforts on strengthening their maritime infrastructure in order to increase their potential for economic growth.

Regional position of the concrete restoration market

North America, Latin America, Europe, Asia-Pacific, Middle East and Africa are covered under the regional category. Among all regions, Asia-Pacific garnered a major share in 2021 and is the fastest growing region during the projected period from 2022 to 2030. The major factor driving the growth of the catering market concrete in Asia-Pacific is China’s growing population. and India. The concrete structures of these nations become overloaded as the population grows. North America is also expected to increase significantly. The US president planned to spend nearly $2 trillion in 2019 to fix the country’s outdated infrastructure. This proposal is expected to cost over a trillion dollars to restore damaged roads, bridges and highways.

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Main actors

The concrete restoration industry involves many key players. Key players profiled in the report are BASF SE, Fosroc, Fyfe, Mapei SpA, Master Builders Solutions, Pidilite Industries, RPM International, Saint-Gobain Weber SA, Sika and The Euclid Chemical Company.

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