PUBLISHER: Polaris Market Research | PRODUCT CODE: 1149998
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1149998
The global concrete restoration market size is expected to reach USD 25.52 billion by 2030, according to a new study by Polaris Market Research. The report "Concrete Restoration Market Share, Size, Trends, Industry Analysis Report, By Material Type (Fiber Concrete, Quick Setting Cement Mortar, Shotcrete); By Application; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The significant factors impacting the growth of the industry include growing industrialization and urbanization in developing economies, the rising construction industry, and the shortage of trained labor. Further factors, such as an increase in the construction sector across the world, will have a substantial influence on the growth of the industry.
The adoption of concrete restoration is increasing widely among key end-user industries such as commercial, civil infrastructure, residential, commercial, hospitality, and others. The growth of the industry is primarily driven by initiatives taken by governments across the work for development owing to growth in the construction sector and infrastructure investments.
It helps enhance the overall look of the building. Degradation of existing infrastructure, rising population, and urbanization support the growth of the industry, especially in emerging countries. The greater need to extend the life duration of existing buildings has significant increase the demand for restoration. Asia Pacific has generated significant demand for restoration from infrastructure projects, housing & commercial buildings, especially in China and India.
However, the lack of a skilled workforce is one of the major factors that restrain the growth of the industry. However, companies provide training to workers for better use of equipment, and formal vocational education, which would overcome this restraint in the coming years.
The outbreak of COVID-19 restricted the growth of the industry due to disruptions in the supply chain, travel restrictions, and low availability of raw materials. Implementation of lockdowns across the world resulted in delays and postponement of construction projects, limiting the growth of the industry. The industry suffered from operational challenges and restricted movement of goods.
Concrete Restoration Market Report Highlights
The market for quick setting cement mortar segment is expected to hold a significant share during the forecast period. This is due to the low cost and efficiency
The civil infrastructure is expected to be the largest segment in the concrete restoration industry. This is due to the increasing population, and rapid urbanization
Asia-Pacific region will lead the global market by 2030. This is due to the rising initiatives undertaken by the governments for infrastructure development
The global market is highly competitive owing to the existence of large industry players with global presence including Ardex GmbH, BASF SE, Chembond Chemicals Limited, Concrete Craft, Euclid Chemical, Fosroc, FYFE, Mapei SPA, SIKA AG, and TCC Materials.
Polaris Market Research has segmented the concrete restoration market report based on material type, application, and region:
Concrete Restoration, Material Type Outlook (Revenue - USD Billion, 2018 - 2030)
Fiber
Quick Setting Cement Mortar
Shotcrete
Concrete Restoration, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Civil infrastructure
Building and Balconies
Marine
Dams & Reservoirs
Others
Concrete Restoration, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1 Global Concrete Restoration Market, 2018 - 2030 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter's Five Forces
Figure 6 Market by Application
Figure 7 Global Concrete Restoration Market, by Application, 2021 & 2030 (USD Billion)
Figure 8 Market by Material Type
Figure 9 Global Concrete Restoration Market, by Material Type, 2021 & 2030 (USD Billion)
Figure 10 Concrete Restoration Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 11 Strategic Analysis - Concrete Restoration Market