According to a market research report, the “Concrete Restoration Market by Material Type (Shotcrete, Quick Setting Cement Mortar, Fiber Concrete), Target Application (Roads, Highways & Bridges, Buildings & Balconies, Industrial Structures) and Region – Global Forecast to 2026″, The global concrete restoration market 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.
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- 75 Market data Tables
- 41 Figures
- 144 Pages and in-depth TOC on “Concrete Restoration Market – Global Forecast to 2026”.
This report also provides a comprehensive analysis of the companies listed below:
Major players operating in the concrete restoration market include Sika AG (Switzerland), Fosroc (UK), Mapei SpA (Italy), RPM International (US) and Master Builders Solutions (US).
Merger & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Concrete Restoration Market.
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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.
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.
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