Concrete Restoration Market Size, Share & Trends Analysis Report By Material (Shotcrete, Fiber Concrete), By End Use (Building & Balconies, Industrial Structures), By Region, And Segment Forecasts, 2024 - 2030

Concrete Restoration Market Size & Trends

The global concrete restoration market size was estimated at USD 17.33 billion in 2023 and is projected to grow at a CAGR of 6.7% from 2024 to 2030. The aging infrastructure in many developed countries such as India, China, Brazil, and South Africa is a primary market driver. As buildings, bridges, highways, and other structures reach the end of their design life, the need for restoration and repair becomes critical to ensure safety and functionality. For instance, the American Society of Civil Engineers (ASCE) states that more than 45,000 U.S. bridges are in poor condition. This creates a substantial demand for concrete restoration services, including crack repair, resurfacing, and reinforcement, to extend the lifespan of existing structures.

Rapid urbanization and industrialization, particularly in emerging economies worldwide, fuel the market. Countries like China and India invest heavily in infrastructure development, leading to a parallel rise in restoration projects to ensure that aging urban structures meet contemporary standards. This includes retrofitting buildings for better earthquake resistance and restoring industrial facilities to comply with modern safety regulations.

Restoring and maintaining existing concrete structures is often more environmentally friendly than demolishing and rebuilding them, as it reduces the consumption of new materials and the associated carbon footprint. Governments around the globe are increasingly focusing on sustainable construction practices, which include the use of eco-friendly restoration materials and techniques. For instance, using recycled aggregates in concrete repair enhances durability and reduces maintenance needs for any structure, leading to high market growth.

Major players are involved in extensive research and development to aid technological innovations that help them consolidate their market presence. Rising consumer demand and a shift in consumer preference towards high-quality products are projected to attract new entrants in the market over the forecast period.

Furthermore, key players are heavily investing in R&D activities. These activities are focused on manufacturing products suitable for various conditions at affordable prices. Consumer demand and a shift in consumer preference toward high-quality products are projected to open up growth avenues for new entrants in the market over the forecast period.

Material Insights

Regarding material, quick setting cement mortar segment led the market with the largest revenue share of 45.23% in 2023 due to its rapid hardening properties. This material is ideal for emergency repair situations where time is critical, such as fixing roadways, bridges, and industrial floors. The need for quick turnaround times in infrastructure projects, coupled with the growing emphasis on reducing traffic disruptions and improving public safety. Such factors are expected to fuel the demand for quick-setting cement mortar.

Shotcrete is forecasted to grow at the highest CAGR of 7.0% from 2024 to 2030, owing to its versatility and efficiency in restoration projects. Shotcrete is ideal for tunnel linings, retaining walls, and slope stabilization applications. The increasing demand for infrastructure development, particularly in urban and underground projects, significantly boosts the material demand. Shotcrete is employed for stabilization, support, and lining purposes within the mining and tunnel construction sectors. Hence, the expansion of the mining industry, in conjunction with underground construction projects, significantly affects the market growth.

Fiber concrete is rising owing to its high tensile strength, crack resistance, and durability. Incorporating steel, glass, synthetic, or natural fibers into concrete mixtures enhances repaired structures' structural integrity and longevity. This makes fiber concrete an attractive option for applications in seismic retrofitting, bridge deck overlays, and industrial flooring. The rising awareness of the benefits of fiber concrete and the growing need for resilient and long-lasting infrastructure drives its adoption in restoration projects.

End Use Insights

In terms of end use, buildings and balconies accounted for the largest segment in 2023, with a revenue share of 38.81%. Crack injection, resurfacing, and protective coatings techniques are employed to restore buildings and balconies. For instance, polymer-modified concrete or epoxy injections can fill cracks and restore the load-bearing capacity of balconies, preventing water ingress and further deterioration.

The marine application segment is expected to grow at the fastest CAGR of 7.1% from 2024 to 2030. Saltwater, waves, and marine organisms deteriorate docks, piers, and seawalls, causing issues like corrosion of reinforcement, spalling, and surface degradation. Techniques such as cathodic protection, the application of high-performance coatings, and the use of self-healing concrete are employed to restore and protect marine structures.

Concrete restoration is vital for maintaining the functionality and safety of roads, bridges, and highways. These structures are constantly exposed to heavy traffic loads, environmental stressors, and de-icing chemicals, which can cause cracks, potholes, and surface degradation. Techniques such as shotcrete application, deck overlays with fiber concrete, and quick setting cement mortar for patching are commonly used in restoration. These restorative measures help prevent costly replacements, reduce traffic disruptions, and ensure safe travel conditions. Hence, the segment is expected to grow at a CAGR of 7.0% from 2024 to 2030.

Industrial structures include factories, warehouses, and chemical plants that require robust concrete restoration solutions to withstand harsh operational environments. These structures often face damage from chemical spills, heavy machinery, and thermal cycling, leading to the deterioration of concrete surfaces and foundations. Therefore, these structures require regular maintenance and restoration to help prevent operational downtime and extend the longevity of the infrastructure.

Regional Insights

North America Concrete Restoration Market Trends

The concrete restoration market in North America accounted for the largest revenue of USD 4.00 billion in 2023, owing to the region's aging infrastructure and increasing focus on sustainable practices. Significant investments related to upgrading deteriorating roads, bridges, and public buildings to meet current safety and environmental standards are expected to further boost the market demand.

U.S. Concrete Restoration Market Trends

The concrete restoration market in the U.S. is expected to grow significantly over the forecast period. Federal and state-level funding supports the U.S. concrete restoration market to revitalize the country's infrastructure. The country's ongoing infrastructure development plans emphasize repairing and modernizing highways, bridges, and public transportation systems, thereby spurring demand for concrete restoration services. Additionally, the focus on resilience against natural disasters and climate change has led to increased adoption of advanced materials like ultra-high-performance concrete (UHPC) and polymer-modified concrete, which offer enhanced durability and resistance.

Europe Concrete Restoration Market Trends

The concrete restoration market in Europe is expected to grow significantly during the forecast period due to stringent regulatory standards and a strong emphasis on sustainable fuel. The European Union's Green Deal and various national initiatives aim to improve infrastructure while reducing environmental impact, encouraging eco-friendly restoration materials. Moreover, countries like Germany, France, and the UK are leading in adopting innovative restoration techniques to maintain their extensive network of aging infrastructure, including roads, bridges, and historic buildings. These factors drive product growth to reach USD 2.50 billion by 2030.

Asia Pacific Concrete Restoration Market Trends

The concrete restoration market in Asia Pacific largest revenue share of 39.7% of the global revenue in 2023. Rising urbanization in countries like China, India, Australia, South Korea, and Japan. Moreover, the region's susceptibility to natural disasters such as earthquakes and typhoons necessitates robust restoration solutions to ensure the resilience and safety of structures, thereby driving product demand.

Key Concrete Restoration Company Insights

Some of the key players operating in the market include BASF SE and Pidilite Industries.

• BASF SE is a leading player in the market and has a business presence in 91 different countries. This company is involved in certain domains, including industrial, personal care, paints & coatings, building & construction, food & nutrition, and consumer goods.

• Pidilite Industries caters to several industries, including Textile And Paper Chemicals, Industrial Resins, Organic Pigments and preparations, Leather Chemicals, Industrial Adhesives, Footwear Adhesives, Industrial Bonding Solutions, Maintenance, Repair, Overhaul Solutions, and Paper Chemicals. Some of the major brands created by the company are Fevicol, Fevicol MR, Dr. Fixit, Fevikwik, M-Seal, Fevistik, Fevicryl, Hobby Ideas, and Motomax.

Fosroc is one of the emerging market participants.

• Fosroc manufactures and supplies high-performance chemicals mainly for the construction industry. Some of the major product lines include concrete admixtures, surface treatments, grouts, anchors, industrial flooring, waterproofing, concrete repair, protective coatings, adhesives, joint sealants, and cement grinding aids.

Recent Developments

• In June 2022, Cortec introduced an improved horizontal concrete repair mortar named “MCI-2039”, a single-component, fast-setting, cement-based, high-strength repair mortar enhanced with migrating corrosion inhibitors. The inhibitor creates a molecular protective layer on the surface while increasing the product quality and extending the service life of the repair.

• In August 2021, Hawk expanded its concrete coating systems and CreteFx Concrete resurfacing systems, a range of high-performance, low-odor, and low-VOC concrete systems that further includes the “CreteFx Concrete Repair System” for filling substantial holes and cracks. These systems are available as individual components and product kits.

Concrete Restoration Market Report Scope

Global Concrete Restoration Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global concrete restoration market report based on materials, end use, and region.

• Materials Outlook (Revenue, USD Million, 2018 - 2030­)

  • Shotcrete

  • Quick Setting Cement Mortar

  • Fiber Concrete

  • Others

• End Use Outlook (Revenue, USD Million, 2018 - 2030)

  • Building & Balconies

  • Roads, Bridges & Highways

  • Industrial Structures

  • Marine

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia