Concrete Resurfacer Market Size & Share, by End-Use (Residential, Commercial & Institutional, Infrastructure); Type (Cement-based, Acrylic-based, Polyurethane-based); Application (Sidewalks, Driveways, Floors, Pool Decks, Patios, Curbs, Concrete Floors, Parking Decks) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5803
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Concrete Resurfacer Market
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Concrete Resurfacer Market: Growth Drivers and Challenges

Growth Drivers

  • Rising Aging Infrastructure - Concrete Resurfacer is a cement-based product that has been treated with polymers, which can be applied to conceal damage and restore worn surfaces.
  • Growing Construction of Green Buildings- More builders and homeowners are embracing green building practices which has necessitated the use of concrete resurfacing since it is widely acknowledged as a sustainable building material owing to its lower carbon footprint.
  • Increasing Tourism- Concrete resurfacing involves covering the concrete with a decorative overlay, which is suitable for commercial spaces such as hotel lobbies.
  • Surging Development of Smart City- The construction of a smart city involves the renovation of roads and sidewalks which is expected to drive the demand for concrete resurfacer market which is used to repair and maintain these surfaces.

Challenges

  • Availability of Alternate Materials - In general, asphalt—a black or brown substance with a viscosity ranging from sticky liquid to glassy solid is often utilized as a substitute for concrete driveway resurfacing. The act of adding a fresh layer of asphalt to the top layer is known as asphalt resurfacing which is a reasonably priced method of patching imperfections in a driveway or parking lot. Resurfacing asphalt pavement, sometimes referred to as overlay installation is the procedure of resurfacing involves taking off and replacing the top layers of current asphalt, an affordable option to update old or damaged pavement, and for repairing asphalt on roads, and sidewalks. Besides this, as they are strong reasonably priced effective, and long-lasting, epoxy resurfacing is a popular option for many ornamental concrete resurfacing projects.
  • Environmental concerns associated with concrete resurfacer products may limit the adoption
  • Technological limitations may hamper the concrete resurfacer market growth

Concrete Resurfacer Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~6%

Base Year Market Size (2023)

~ USD 4 Billion

Forecast Year Market Size (2036)

~ USD 7 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Concrete Resurfacer Segmentation

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:

          End-Use

  • Residential
  • Commercial & Institutional
  • Infrastructure

          Type

  • Cement-based
  •  Acrylic-based
  •  Polyurethane-based

          Application

  • Sidewalks
  •  Driveways
  •  Floors
  •  Pool Decks
  •  Patios
  •  Curbs
  •  Concrete Floors
  •  Parking Decks

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Concrete Resurfacer Industry - Regional Synopsis

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.

Research Nester
Concrete Resurfacer Market Size
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Companies Dominating the Concrete Resurfacer Market

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • W. R. Meadows, Inc.
    • Saint-Gobain
    • GCP Applied Technologies Inc.
    • Henkel AG & Co. KGaA
    • Fosroc International Ltd.
    • The Dow Chemical Company
    • Pidilite Industries Ltd.
    • Sika AG
    • Mapei Spa
    • 3M Company

In-the-news

In The News

  • W. R. Meadows, Inc. announced the acquisition of Mississauga-based Gemite Products, Inc. to expand the development of Gemite's proprietary technology for strengthening, shielding, and waterproofing reinforced concrete buildings.
  • Saint-Gobain acquired GCP Applied Technologies Inc., a major global player in construction chemicals to preserve Saint-Gobain's dominant position in the global building chemicals market and advance the Group's goal of being the global leader in light- and sustainable construction.

Author Credits:  Mohd Shadab, Yashika Karodiwal


  • Report ID: 5803
  • Published Date: Mar 05, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing spending on infrastructure development across the globe and the growing production of cement are the major factors driving the growth of the market.

The market size of Concrete Resurfacer is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024 - 2036.

The major players in the market are Mapei Spa, 3M Company, W. R. Meadows, Inc., GCP Applied Technologies Inc., Henkel AG & Co. KGaA, and Fosroc International Ltd., BASF SE, The Dow Chemical Company, Pidilite Industries Ltd., Sika AG, and others.

The Acrylic-based segment is anticipated to garner the largest market by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Concrete Resurfacer Market Report Scope
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