Press release
Concrete Restoration Market Trends, Top Companies, Share, Growth And Forecast 2033
Concrete Restoration Market
The Business Research Company offers in-depth market insights through Concrete Restoration Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The concrete restoration market size has grown strongly in recent years. It will grow from $16.13 billion in 2023 to $17.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth in the historic period can be attributed to aging infrastructure, harsh environmental conditions, structural deterioration, compliance with safety standards, increase in renovation projects, public safety concerns.
The concrete restoration market size is expected to see strong growth in the next few years. It will grow to $22.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to environmental sustainability, growing concerns about infrastructure longevity, increase in disaster-related restoration, preservation of cultural heritage, investments in public infrastructure. Major trends in the forecast period include adoption of advanced repair materials, sustainable restoration solutions, integration of carbon fiber reinforcement, nanotechnology for concrete repair, non-destructive testing (NDT) methods, self-healing concrete technologies.
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Market Segmentation:
The concrete restoration market covered in this report is segmented -
1) By Material Type: Shotcrete, Quick Setting Cement Mortar, Fiber Concrete, Other Material Types
2) By Application: Roads, Highways, And Bridges, Dams And Reservoirs, Marine, Buildings And Balconies, Water And Wastewater Treatment, Other Applications
3) By End User: Residential, Commercial And Institutional, Infrastructure
Major Driver - Increasing Number Of Construction Repair Projects
The increasing number of construction repair projects is expected to propel the growth of the concrete restoration market going forward. Construction repair refers to all types of work done by laborers and mechanics employed by the sub-recipient, construction contractor, or construction subcontractor on a particular building or work. Restoration is the process in which it will return the building to its original condition. For instance, in May 2022, according to the Office of National Statistics (ONS), a UK-based Statistics Authority, construction repairs in the UK increased by 5.5% year-on-year and seven of the nine ONS-monitored construction sectors have seen an increase in work, with only infrastructure and public new work seeing falls. Therefore, an increasing number of construction repair projects around the world will drive the concrete restoration market growth.
Competitive Landscape:
Major companies operating in the concrete restoration market report are BASF SE, Saint-Gobain Weber S.A., Toray Industries Inc., Solvay S.A., Sika AG, Teijin Limited, RPM International Inc., Mitsubishi Chemical Holdings Corporation, Mapei S.p.A, Sto SE & Co. KGaA, Hexcel Corporation, Pidilite Industries Limited, SGL Carbon SE, Fosroc Group, Gurit Holding AG., Normet Group Oy, Structural Group Inc., Flexcrete Technologies Ltd, The Euclid Chemical Company, Simon Surfaces, U-C Coatings LLC, Western Construction Group Inc., MBCC Group, Axiom Materials Inc., CROM Corp, MB Solutions Australia Pty Ltd, Concrete Restoration Inc., Edison Coatings Inc., Fyfe Co LLC, American Decorative Coatings LLC
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Top Trend - Concrete Restoration Market Flourishes With Strategic Collaborations
Major companies operating in concrete restoration market are focused on forming strategic alliances to strengthen their position in the market. A strategic partnership is a collaborative relationship between two or more entities, typically businesses, that work together to achieve mutual success. For instance, in August 2023, Bio Graphene Solutions (BGS), a Canada-based company that developed a one-of-kind graphene production process announced strategic partnership with Brook Restoration, a Canada-based largest structural restoration. The strategic partnership will enable Brook to leverage BGS's graphene-enhanced liquid admixture for concrete products in building and public infrastructure projects. Brook has also made a strategic investment in BGS's current financing further solidifying Brook's commitment to innovation and sustainability within the construction space.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Concrete Restoration Market Characteristics
3. Concrete Restoration Market Trends And Strategies
4. Concrete Restoration Market - Macro Economic Scenario
5. Concrete Restoration Market Size And Growth
…..
27. Concrete Restoration Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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