Concrete Restoration Market Size Worth $25.52 Billion By 2030 | CAGR: 6.1%

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.

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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