PUBLISHER: Orion Market Research | PRODUCT CODE: 1159331
PUBLISHER: Orion Market Research | PRODUCT CODE: 1159331
Global Concrete Restoration Market Size, Share & Trends Analysis Report by Material Type (Shotcrete, Quick Setting Cement, Fiber Concrete, and Others), and by Application (Dams & Reservoirs, Roads, Highway & Bridges, Marine, Buildings & Balconies, and Others) Forecast Period (2022-2028)
The global concrete restoration market is anticipated to grow at a substantial CAGR of 6.3% during the forecast period. The growth of the global concrete restoration market during the forecast period can be attributed to the increasing number of construction repair projects due to the rising population as well as rapid urbanization globally. For instance, in April 2022, The Rajasthan Government Tender Information System issued a project for the repair and construction work of drains and roads in various places in the state.
The global concrete restoration market is segmented based on material type and application. Based on the material type, the market is sub-segmented into shotcrete, quick setting cement, fiber concrete and others. Based on the application, the market is sub-segmented into dams & reservoirs, roads, highways & bridges, marine, buildings & balconies and others. Among these, the marine segment is anticipated to grow during the forecast period due to the increasing use of concrete in marine ships for restoration. The marine industry is exposed to numerous conditions such as physical and chemical attacks that are increasing the need for restoration which in turn is driving the growth of the segment.
Geographically, the global concrete restoration market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. Asia-Pacific holds a prominent share in the market due to the increasing population in the countries such as China, and India in the region which is overburdening the concrete structures. Furthermore, North America is anticipated to hold the market share following the Asia-Pacific due to the increasing restoration of commercial, residential, bridges, silo-flue pipes, and oil and natural gas pipelines, among others in the region. Additionally, the restoration projects such as Old Youngs Bay Bridge across Youngs Bay in Astoria, Oregon, Huntley Bridge Perry's Creek Bridge in Burleigh Falls, Ontario are further driving the market growth in the region.
The major companies serving the global concrete restoration market include BASF SE, Fosroc, Mapei S.p.A, Master Builders Solutions, and Sika Group, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, geographical expansion and collaborations to stay competitive in the market. For instance, in December 2019, Sakrete launched a new product line, Pro-Mix, a complete portfolio of concrete repair products. It is built for commercial and industrial products and enhances the workability, strength and speed professionals need to confidently complete their most challenging jobs.
Research Methodology
The market study of the global concrete restoration market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: