The global concrete restoration market size is anticipated to reach USD 29.31 billion by 2030 and is projected to grow at a CAGR of 6.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. As infrastructure in countries like India, China, Brazil, and South Africa ages, the need for repairs and upgrades becomes important to maintain safety and functionality. For example, many bridges in the U.S. are in poor condition, highlighting the demand for services like concrete repair and reinforcement to extend the life of these structures. This creates a significant market for restoration services.
As cities and industries grow quickly, especially in countries like China and India, there’s a big push to improve infrastructure. This means not only building new structures but also updating old ones to meet current safety standards. For example, older buildings are being strengthened to withstand earthquakes, and industrial facilities are being upgraded to follow modern safety rules. This trend is driving the market growth for restoration projects.
Gather more insights about the market drivers, restrains and growth of the Concrete Restoration Market
Fixing and maintaining old concrete structures is usually better for the environment than tearing them down and building new ones. This approach uses fewer new materials and lowers the carbon footprint. Many governments are now promoting sustainable construction methods, like using eco-friendly materials for repairs. For example, recycled materials in concrete repairs make structures last longer and need less upkeep, boosting market growth.
Leading companies are investing heavily in research and development to drive technological advancements and strengthen their market position. As consumers increasingly prefer high-quality products, new companies are expected to enter the market in the coming years.
Concrete Restoration Market Report Highlights:
- Based on material, the quick setting cement mortar segment led the market with the largest revenue share of 45.23% in 2023, due to its fast-hardening properties. This material is ideal for urgent repairs, like fixing roads, bridges, and industrial floors, where time is crucial. The demand for quick-setting cement mortar is expected to grow as infrastructure projects aim to minimize traffic disruptions and enhance public safety
- Based on end use, the buildings and balconies segment led the market with the largest revenue share of 38.81% in 2023. Crack injection, resurfacing, and protective coatings are used to repair buildings and balconies. Techniques like polymer-modified concrete or epoxy injections fill cracks, restore strength, and prevent water damage and further deterioration
- North America accounted the market with the revenue share of 23.1% in 2023, due to aging infrastructure and a focus on sustainability. Investments in upgrading roads, bridges, and public buildings to meet safety and environmental standards are expected to drive further market growth
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List of Key Players in the Concrete Restoration Market
- BASF SE,
- Fosroc, Inc.,
- Fyfe,
- Mapei S.p.A,
- Master Builders Solutions,
- Pidilite Industries,
- RPM International,
- Saint-Gobain Weber S.A.,
- Sika,
- The Euclid Chemical Company
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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