United States Concrete Restoration Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the United States concrete restoration market size reached nearly USD 4.02 billion in 2023. Aided by the increasing need for infrastructure maintenance and the rising emphasis on sustainable construction practices, the market is projected to grow at a CAGR of 5.7% between 2024 and 2032 to reach a value of around USD 5.57 billion by 2032.
Concrete restoration in the United States is an essential aspect of infrastructure management, involving the repair, protection, and reinforcement of existing concrete structures. This practice is crucial in extending the life of buildings, bridges, roads, and other concrete structures, ensuring their safety and functionality. The need for concrete restoration is particularly pronounced in the U.S., where much of the infrastructure is aging and requires regular upkeep to remain in good condition.
The United States concrete restoration market growth is significantly driven by the increasing age of the American infrastructure. Many structures, built in the mid-20th century, are now in dire need of repair and renovation. This situation is exacerbated by the exposure of concrete to environmental factors like temperature fluctuations, moisture, and chemicals, leading to deterioration over time. Concrete restoration is not just a matter of aesthetics but is essential for safety and structural integrity.
Another factor contributing to the United States concrete restoration market demand is the growing awareness and adoption of sustainable construction practices. There is a rising demand for eco-friendly and durable materials in the construction sector. Concrete restoration often involves the use of such materials, contributing to the sustainability of structures and reducing the need for new construction.
Technological advancements in concrete restoration techniques and materials have also played a pivotal role in market growth. Modern methods like concrete resurfacing, epoxy injection, and carbon fibre reinforcement have revolutionised the way restoration projects are carried out. These techniques not only provide enhanced durability and strength but also allow for quicker and more cost-effective restoration processes.
The United States concrete restoration market outlook is further influenced by the increasing government initiatives and investments in infrastructure development and maintenance. The U.S. government has been actively investing in infrastructure projects, including the repair and restoration of existing structures, which has provided a significant impetus to the concrete restoration industry.
Regionally, the market is segmented into various states, with states having older infrastructure and higher population densities typically seeing higher demand for concrete restoration services. Regions prone to environmental stressors like coastal areas or areas with extreme weather conditions also contribute significantly to the market growth.
Market Segmentation
The market can be divided based on type, application, end use, and region.
Market Breakup by Type
- Skin Coating Mortars
- Concrete Repair Products
- Anchoring and Grouting
- Masonry Structures Products
- Admixtures for Mortar
- Road Engineering Products/Epoxy Deck Overlays
- FRP Concrete Strengthening
- Others
Market Breakup by Application
- Buildings
- Bridges
- Tunnels
- Highways
- Parking Structures
- Others
Market Breakup by End Use
- Residential
- Commercial
- Industrial
Market Breakup by Region
- New England
- Mideast
- Great Lakes
- Plains
- Southeast
- Southwest
- Rocky Mountain
- Far West
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the United States concrete restoration market. Some of the major players explored in the report by Expert Market Research are as follows:
- Sika AG
- MAPEI Corporation
- RPM International Inc.
- Fosroc, Inc.
- TCC Materials
- Saint-Gobain Group
- The Euclid Chemical Company
- W. R. Meadows, Inc.
- JE Tomes
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.