Dublin, Aug. 15, 2023 (GLOBE NEWSWIRE) -- The "Global Concrete Restoration Market 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global Concrete Restoration Market has been steadily growing, with an estimated worth of USD 19.84 billion in 2022, projected to reach USD 21.91 billion in 2023, and a remarkable Compound Annual Growth Rate (CAGR) of 10.90% expected to propel it to a value of USD 45.41 billion by 2030.
Market Dynamics
Several factors contribute to the thriving growth of the concrete restoration market. Firstly, the ever-expanding global population and urbanization are driving the demand for renovated and restored infrastructure. Governments worldwide are recognizing the importance of maintaining and enhancing existing infrastructure, leading to increased investments in restoration projects.
However, the industry faces some challenges. One significant restraint is the scarcity of skilled workers, which can hinder the pace of restoration projects. Additionally, government regulations and structural issues related to concrete restoration pose challenges to the market's growth.
Opportunities are abound in the concrete restoration industry as well. The rising focus on sustainable construction and green buildings presents a promising avenue for growth. Furthermore, continuous technological advancements in concrete restoration processes and materials offer innovative solutions and improved outcomes for the market.
Market Segmentation
The market is segmented based on products and applications. Under products, the categories are Materials and Services. The Materials segment further includes Bonding Agents, Coatings, and Mortar. While both segments show potential, Services are projected to witness significant market share during the forecast period.
Regarding applications, the market is divided into Buildings and Infrastructure. Within Buildings, various subcategories like Commercial, Hospitals, Manufacturing Plants, Residential, Schools, and Warehouses exist. On the other hand, Infrastructure is subdivided into Dams & Reservoirs, Marine Structures, Powerplants, Roads, Highways, & Railways, and Wastewater Treatment Plants. Buildings are expected to dominate the market share during the forecast period.
Regional Presence
The Global Concrete Restoration Market is analyzed across three major regions - Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas currently lead the market, holding the largest share of 38.75% in 2022, followed by Europe, Middle East & Africa.
Political and Economic Influences
The report acknowledges the impact of political and economic uncertainty in Eastern Europe, stemming from the Russia-Ukraine Conflict. This uncertainty can affect demand-supply balances, pricing variants, and import/export and trading activities in the concrete restoration market.
Additionally, the report takes into account the implications of High Inflation on the global economy. It delves into fiscal policies aimed at mitigating the effects of inflation on demand, supply, cash flow, and currency exchange, which can have ripple effects on the concrete restoration market.
FPNV Positioning Matrix
The FPNV Positioning Matrix plays a crucial role in evaluating the Global Concrete Restoration Market. It assesses vendors based on key metrics like Business Strategy and Product Satisfaction, helping users make informed decisions tailored to their specific needs. The analysis categorizes vendors into four quadrants - Forefront (F), Pathfinder (P), Niche (N), or Vital (V) - reflecting their levels of success.
Market Share Analysis
To gain insights into the competitive landscape, the Market Share Analysis compares vendor contributions to overall revenue and customer base, among other key metrics. This analysis offers companies a comprehensive understanding of their performance and competitive standing within the market.
Other Key Insights
- Market Trends
- Porter's Five Forces Analysis
- Value Chain & Critical Path Analysis
- Regulatory Framework
Key Attributes
| Report Attribute | Details |
| No. of Pages | 181 |
| Forecast Period | 2023-2030 |
| Estimated Market Value (USD) in 2023 | $21.91 Billion |
| Forecasted Market Value (USD) by 2030 | $45.41 Billion |
| Compound Annual Growth Rate | 10.9% |
| Regions Covered | Global |
Key Topics Covered
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Concrete Restoration Market, by Product
7. Concrete Restoration Market, by Application
8. Americas Concrete Restoration Market
9. Asia-Pacific Concrete Restoration Market
10. Europe, Middle East & Africa Concrete Restoration Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
Companies Mentioned
- Aegion Corporation
- AkzoNobel N.V.
- BASF SE
- CROM
- Fosroc Group
- MAPEI Corporation
- MBCC Group
- MCON Rasayan Pvt. Ltd.
- Pidilite Industries Ltd.
- RPM International Inc.
- Saint-Gobain Group
- Sika AG
- Simon Surfaces by Simon Roofing & Sheet Metal Corp.
- Sto SE & Co. KGaA
- The Euclid Chemical Company
For more information about this report visit https://www.researchandmarkets.com/r/j2n9pa
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