Global Concrete Restoration Market Report and Forecast 2024-2032

Global Concrete Restoration Market Outlook

The global concrete restoration market size reached a value of approximately USD 15.84 billion in 2023. The market is further projected to grow at a CAGR of 6.30% between 2024 and 2032, reaching a value of USD 27.45 billion by 2032.

Key Trends in the Market

Concrete restoration is the method through which an old and damaged concrete is repaired, resulting in the restoration of its original appearance. Restoring concrete aids the structure in attaining back its former strength and stability.

• The rising investment in the development of public infrastructure such as schools, roads, hospitals, and bridges, among other facilities, owing to the rising population and the increasing need to improve existing infrastructure, is fuelling the demand for concrete restoration.

• The key manufacturers are focusing on developing sustainable and green solutions such as eco-friendly building materials with low carbon footprint for use in concrete restoration. This is expected to further enhance the concrete restoration market demand globally.

• Various developers and building owners are increasingly investing in concrete restoration as it helps in improving safety and reducing costs by increasing the lifespan of the structure. Additionally, by restoring and preserving the existing structures, the high costs of reconstruction and demolition can be avoided.

Market Analysis

Based on type, the market is divided into skin coating mortars, concrete repair products, anchoring and grouting, masonry structures products, admixtures for mortar, road engineering products/epoxy deck overlays, and FRP concrete strengthening, among others. On the basis of application, the market is categorised into buildings, bridges, tunnels, highways, and parking structures, among others. By end use, the market is classified into residential, commercial, and industrial. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global concrete restoration market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Sika AG

• MAPEI Corporation

• RPM International Inc.

• Fosroc, Inc.

• ARDEX GmbH

• TCC Materials

• The Euclid Chemical Company

• Saint-Gobain Group

• SCHOMBURG GmbH & Co. KG

• Others

Market Share by End Use

The commercial segment is anticipated to account for a significant share in the market owing to the rising investments and focus on the restoration of existing infrastructures including schools, offices, hotels, and hospitals, among other public buildings. The public buildings tend to undergo more wear and tear and thus require more attention and maintenance in order to protect and preserve their structural integrity.

Market Share by Region

The Asia Pacific is expected to account for a significant share of the market owing to the growing population in countries such as India and China. The rapid population growth is resulting in the increased need for maintenance and repair of infrastructure, which is leading to a rise in demand for concrete restoration activities in the region. Moreover, growing urbanisation, high industrial growth, and rapid modernisation in various countries of the Asia Pacific are also contributing towards the regional concrete restoration market growth.

Competitive Landscape

Sika AG was founded in 1910 and is headquartered in Baar, Switzerland. The chemical company is known for developing systems and products for building and motor vehicle industries. The products are utilised for bonding, damping, protecting, and sealing applications.

MAPEI Corporation is a construction company that was founded in 1983 and is headquartered in Florida, United States. The company is known for manufacturing mortars, grouts, waterproofing agents, and adhesives, among others.

RPM International Inc. was established in 1947 and has its headquarters located in Ohio, United States. The company produces and markets speciality coatings, building materials, and sealants, among others.

Other major players in the concrete restoration market include Fosroc, Inc., ARDEX GmbH, TCC Materials, The Euclid Chemical Company, Saint-Gobain Group, and SCHOMBURG GmbH & Co. KG, among others.

Key Highlights of the Report