The ‘United States Concrete Restoration Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the United States concrete restoration market growth, assessing the market on the basis of its segments like type, application, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 4.02 billion
- Forecast CAGR (2023-2028): 5.7%
- Forecast Market Size (2028): USD 5.57 billion
The United States concrete restoration market is being driven by the increasingly ageing infrastructure across residential, commercial, and industrial spaces in the country. Concrete constructions can be found in various types of structures, ranging from buildings and bridges to tunnels, highways, and parking structures, among others. Rising awareness of the potential dangers of older concrete constructions are resulting in growing investments towards concrete restoration in the United States. Through concrete restoration, the structural strength of older concrete constructions can be enhanced and the visual aesthetics can also be improved. Increasing population in the United States is also resulting in heightened pressure on older infrastructure, thereby increasing the importance of concrete restoration.
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With vast distances across the country and a spread out demographic, the highway system in the United States is of significant importance and is anticipated to be a key application of the United States concrete restoration market. The highway system of the United States is the largest worldwide and is used for domestic movement as well as for shipping of products through truckers. Due to the importance of highways in the country, they are significant focus for concrete restoration so as to support uninterrupted movement across highways. Development of new roads and increased connectivity between highways and suburbs is anticipated to further bolster the concrete restoration market in the United States.
United States Concrete Restoration Industry Definition and Major Segments
Concrete restoration is the repair and restoration of older concrete construction that may have been deformed or damaged, returning the concrete construction to its original appearance and capabilities. Various techniques and tools can be used as a part of concrete restoration, depending on the type of construction, age, deformities, and usage.
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Based on type, the market is divided into:
- Skin Coating Mortars
- Concrete Repair Products
- Anchoring and Grouting
- Masonry Structures Products
- Admixtures for Mortar
- Road Engineering Products/Epoxy Deck Overlays
- FRP Concrete Strengthening
On the basis of application, the market is segmented into:
- Parking Structures
By end use, the market is categorised into:
Based on region, the market is classified into:
- New England
- Great Lakes
- Rocky Mountain
- Far West
United States Concrete Restoration Market Trends
A key trend anticipated to influence the United States concrete restoration market in the coming years is the increasing end uses of concrete restoration in the industrial sector. Concrete restoration in the industrial sector aids in maintaining the strength of concrete structures, ensuring that there is adequate structural integrity for heavy duty applications.
In the industrial sector in the United States, there is rising demand for concrete restoration in marine applications. Concrete restoration is extensively used in the marine sector to strengthen concrete, protecting it from damage such as cracking, corrosion, pitting, and harsh weather. The growing marine sector in the United States, fuelled by increase in trading as well as recreational activities, is projected to surge the United States concrete restoration market in the coming years.
Growing usage of concrete across the United States is another key trend in the concrete restoration market in the country, leading to a greater demand for maintenance of concrete infrastructure. As concrete is increasingly being used for sidewalks, floors, cubs, steps, and ramps, among others, in commercial and residential settings, the demand for concrete restoration would rise in the coming years.
Advancements in technology for concrete restoration products and processes is a crucial trend in the United States concrete restoration market. The well-established presence of leading market players and extensive product development are boosting the demand for eco-friendly concrete restoration solutions such as sustainable concrete repair mortars.
Key Market Players
The major players in the United States concrete restoration market report are Sika AG, MAPEI Corporation, RPM International Inc., Fosroc, Inc., TCC Materials, Saint-Gobain Group, The Euclid Chemical Company, W. R. Meadows, Inc., and JE Tomes, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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