Repair Construction Market Trends and Forecast
The future of the global repair construction market looks promising with opportunities in the commercial, industrial, infrastructure, and residential markets. The global repair construction market is expected to grow with a CAGR of 7.8% from 2024 to 2030. The major drivers for this market are increasing need for repair and maintenance of aging buildings and rising frequency of natural disasters and extreme weather events.
• Lucintel forecasts that crack repair is expected to witness the highest growth over the forecast period.
• Within this market, commercial is expected to witness the highest growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the Repair Construction Market
• United States: In the United States, companies like BASF and Sika are leading the way in the repair construction market. BASF has introduced advanced repair solutions under its MasterEmaco product line, focusing on enhancing durability and sustainability in concrete repair (source: BASF press releases). Sika has expanded its range of SikaRepair® solutions, emphasizing innovative materials and technologies for concrete repair and protection. The U.S. government supports infrastructure maintenance through initiatives like the Fixing AmericaÄX%$%Xs Surface Transportation (FAST) Act, which allocates funding for highway and bridge repair projects.
• India: IndiaÄX%$%Xs repair construction market is growing with initiatives from companies such as Saint-Gobain Weber and Larsen & Toubro (L&T). Saint-Gobain Weber provides a range of Weber repair products tailored to local infrastructure repair needs, promoting durability and performance (. L&T has implemented advanced repair techniques for infrastructure projects, focusing on efficient and sustainable solutions. The Indian government targets infrastructure development through programs like the National Infrastructure Pipeline (NIP), which includes provisions for maintenance and repair of existing infrastructure.
• China: ChinaÄX%$%Xs repair construction market is driven by companies like China National Building Material Group Corporation (CNBM) and BBMG Corporation. CNBM offers comprehensive repair and maintenance solutions for infrastructure, including advanced materials and technologies for concrete repair. BBMG Corporation focuses on sustainable repair practices and has invested in innovative repair technologies to enhance infrastructure durability. The Chinese government supports infrastructure maintenance through policies under the 14th Five-Year Plan, promoting sustainable development and efficient use of resources in construction projects
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Repair Construction Market by Segment
The study includes a forecast for the global repair construction market by type, application, and region.
Repair Construction Market by Type [Value from 2018 to 2030]:
• Crack Repair
• Restoration
• Retrofit
• Others
Repair Construction Market by Application [Value from 2018 to 2030]:
• Commercial
• Industrial
• Infrastructure
• Residential
• Others
Repair Construction Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Repair Construction Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies repair construction companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the repair construction companies profiled in this report include-
• Akzonobel
• Pidilite Industries
• Ashland
• Sika
• Basf
• Bostik
• Asian Paints
Recent Development in the Repair Construction Market
• BASF SE : BASF has launched its MasterEmaco line of repair products, including repair mortars and concrete admixtures. These products are designed to enhance the durability and structural integrity of concrete structures through advanced formulation and application techniques. BASFÄX%$%Xs initiative focuses on providing sustainable repair solutions that improve the performance and lifespan of infrastructure assets.
• Sika AG : Sika offers a range of SikaRepair® solutions for concrete repair and protection. These include repair mortars, corrosion inhibitors, and structural strengthening systems. SikaÄX%$%Xs initiative emphasizes the use of innovative materials and technologies to address diverse repair challenges, ensuring long-term durability and cost-effectiveness for infrastructure repair projects.
• Saint-Gobain Weber : Saint-Gobain Weber provides Weber repair products for structural repair and protection of buildings and infrastructure. These products include repair mortars, grouts, and waterproofing solutions tailored to various repair applications. Saint-Gobain WeberÄX%$%Xs initiative focuses on delivering high-performance repair solutions that meet stringent quality standards and environmental requirements.
• Boral Limited : Boral offers a comprehensive range of construction materials and services, including repair and maintenance solutions for infrastructure. BoralÄX%$%Xs initiative includes the provision of specialized concrete repair products, asphalt mixes, and road surfacing materials aimed at improving infrastructure performance and sustainability. BoralÄX%$%Xs focus on innovation and customer-centric solutions supports efficient and effective repair practices across diverse construction projects
Features of the Global Repair Construction Market
Market Size Estimates: Repair construction market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Repair construction market size by type, application, and region in terms of value ($B).
Regional Analysis: Repair construction market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the repair construction market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the repair construction market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for repair construction market?
Answer: The global repair construction market is expected to grow with a CAGR of 7.8% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the repair construction market?
Answer: The major drivers for this market are increasing need for repair and maintenance of aging buildings and rising frequency of natural disasters and extreme weather events.
Q3. What are the major segments for repair construction market?
Answer: The future of the repair construction market looks promising with opportunities in the commercial, industrial, infrastructure, and residential markets.
Q4. Who are the key repair construction market companies?
Answer: Some of the key repair construction companies are as follows:
• Akzonobel
• Pidilite Industries
• Ashland
• Sika
• Basf
• Bostik
• Asian Paints
Q5. Which repair construction market segment will be the largest in future?
Answer: Lucintel forecasts that crack repair is expected to witness the highest growth over the forecast period.
Q6. In repair construction market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the repair construction market by type (crack repair, restoration, retrofit, and others), application (commercial, industrial, infrastructure, residential, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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