Concrete Resurfacer Market size is poised to cross USD 7 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of concrete resurfacer was USD 4 Billion. The reason behind the growth is impelled by growing spending on infrastructure development across the globe. Investing in infrastructure has a significant impact on economic growth, and is essential for improving living standards, and achieving growth that is environmentally, socially, and economically sustainable. For instance, an average of USD 85 billion has been allocated by investors to infrastructure projects in developing nations during the past five years. Particularly, by 2025, it is anticipated that infrastructure and capital project investment will exceed USD 8 trillion globally.
The growing production of cement is believed to fuel the concrete resurfacer market growth. Every year, more than 25 billion tonnes of concrete are utilized worldwide since it is indispensable for construction activity. For instance, in 2023, the world's cement production was projected to reach over 3 billion tons.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~6% |
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Base Year Market Size (2023) |
~ USD 4 Billion |
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Forecast Year Market Size (2036) |
~ USD 7 Billion |
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Regional Scope |
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Type (Cement-based, Acrylic-based, Polyurethane-based)
The acrylic-based segment in the concrete resurfacer market is estimated to gain a robust revenue share of 65% during the forecast period owing to increasing focus on sustainability. Acrylic Resurfacer is an emulsion with a 100% acrylic base that is blended with certain strands and fillers and is used to prepare existing acrylic surfaces for color painting as well as newly laid asphalt or concrete. Acrylic-based concrete resurfacers are known for their exceptional durability and longevity, which makes them an attractive choice for various applications, including sidewalks, driveways, parking lots, and industrial floors. They form a strong bond with existing concrete surfaces, creating a durable layer that can withstand heavy foot traffic, and offer versatility in terms of aesthetics that allows architects to achieve their desired look while maintaining the structural integrity of the concrete. They are relatively easy to apply as they can be sprayed, rolled, or troweled onto the surface, and have a rapid curing time, making them an efficient solution. Besides this, they offer superior resistance to UV exposure, which makes them particularly suitable for outdoor applications in harsh climates. Moreover, many acrylic-based resurfacers are formulated with environmentally friendly ingredients, which aids in minimizing environmental impact, reducing air pollution, and enhancing indoor air quality.
In addition, an additional choice for refinishing concrete is polyurethane coatings, which is a smooth, resinous flooring technology that is incredibly durable and is widely utilized in medium-duty traffic areas to resurface and protect floors vulnerable to water erosion and thermal shock.
Application (Sidewalks, Driveways, Floors, Pool Decks, Patios, Curbs, Concrete Floors, Parking Decks)
The floors segment in the concrete resurfacer market is set to garner a notable share shortly. Resurfacing a concrete floor is made of components that are incredibly resilient to corrosion and stains of any kind, which is a technique for making it possible to restore worn-out or damaged concrete floors, whether they are indoors or outdoors, and is a useful technique for evening out vast floor areas since it leaves a seamless, long-lasting surface that is resistant to heat shock, chemicals, and repeated washing. Resurfacing concrete floors offers a cost-effective and efficient way to rejuvenate worn-out without the need for extensive reconstruction, and allows property owners and designers to achieve a wide range of aesthetic effects, as it can customize colors, textures, and finishes to enhance the visual appeal of concrete floors. Resurfacing concrete floors reinforces their structural integrity by addressing surface imperfections, cracks, and wear patterns, and allows for the integration of advanced features including incorporating non-slip additives for improved traction in wet or slippery conditions, installing radiant heating systems for enhanced comfort and energy efficiency, and integrating drainage channels.
In addition, staining, texturing, and stamping are a few of the decorative possibilities for sidewalk restoration which is a great technique to prolong the life and revitalize a sidewalk in a retail mall to resurface the current concrete pavement. Sidewalks are subjected to constant wear and tear from foot traffic, weather exposure, and environmental factors which necessitates the use of concrete resurfacing since it provides a solution for repairing and restoring damaged sidewalks and creating a smooth, uniform surface. Resurfacing sidewalks allows for the integration of safety features as they improve traction and reduce the risk of slip-and-fall accidents. Moreover, as sustainability becomes a priority, concrete resurfacing offers a sustainable solution for sidewalk repair as it minimizes the environmental impact, such as carbon emissions.
Our in-depth analysis of the global concrete resurfacer market includes the following segments:
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End-Use |
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Type |
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Application |
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APAC Market Forecast
The concrete resurfacer market in Asia Pacific is predicted to largest share of 54% by 2036 impelled by rapid urbanization. India's towns and cities have grown quickly as more people move there in quest of employment opportunities, the presence of institutions of higher learning, urban lifestyle, and industrialization. Hence it is essential to create livable and sustainable cities, therefore it is imperative to make large investments in public services, commercial funding, and infrastructure. According to projections, India's urban population is expected to reach around 40% by 2030. In addition, housing and urban development projects have been given priority by the Union government, which has pledged to invest over USD 1 trillion in infrastructure development over the next 25 years.
North American Market Statistics
The North America concrete resurfacer market is estimated to the second largest revenue share, during the forecast period, led by the growing construction of highways. The foundation of the civilization is made up of highway and street building, which is expected to continue rising in the US between 2023 and 2027, since it makes it possible for individuals to travel conveniently and safely for a variety of reasons, including business, education, pleasure, are vital to the country's national security and economic growth, and is essential for the effective transportation of all commodities.
Author Credits: Mohd Shadab, Yashika Karodiwal
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