The impact of COVID-19 pandemic can be felt across the chemical industry. The growing inability in the production and manufacturing processes, in the light of the self-quarantined workforce has caused a major disruption in the supply chain across the sector. Restrictions encouraged by this pandemic are obstructing the production of essentials such as life-saving drugs.
Concrete resurfacer is a polymer mixed cementitious material comprised of polymer modifiers, Portland cement, sand and other additives. It is applied on concrete surfaces that are spoiled, aged, stained, damaged or cracked. Generally, damaged concrete is cured with the usage of either regular concrete or concrete resurfacer. If regular concrete is used for the curing of damaged concrete, it will only partially bond with it and will, eventually, start crumbling out. However, concrete resurfacer contains bonding agents that adhere to the surface and overcome the limitations of regular concrete. Further, the use of concrete resurfacer offers several advantages such as cost effectiveness, high flexibility, high bond strength and high durability, among others. Attributing to its expedient properties, concrete resurfacer is prevalently used for concrete repair, crack repair, curb & edge repair and slope & surface repair. Thus, the increasing demand for concrete resurfacer in the repair and maintenance of damaged or cracked concrete is the major factor driving the growth of the market. Further, several manufacture are offering modified concrete resurfacer, which imparts an aesthetic look to the surface, owing to which it is used in both, interior and exterior applications.
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Currently, concrete resurfacer is not only used for resurfacing or patching but also for decorative purposes. In various en-use industries, the floor surface undergoes periodic wear and tear during several processes and operations. This subsequently surges the need for the repair and maintenance of the floor surface. The unique characteristic properties of concrete resurfacer offer various advantages over traditional floor repair methods, which is shifting the industrial preference toward the use of concrete resurfacer. Thus, with provisions for repair and maintenance in the industry, the demand for concrete resurfacer is expected to grow over the forecast period. Moreover, rising investments in infrastructure development and the commercial sector across the globe provide the impetus for the growth of the concrete resurfacer market.
Concrete resurfacing is carried out in three steps, namely surface preparation, concrete resurfacer application and levelling and settling. Before the application of the concrete resurfacer, the concrete surface must be sound, clean, tough and free from contaminations such as dirt, dust, oil, grease and paint, among others as the presence of contaminants on the surface directly affects the bonding tendency of the concrete resurfacer. Also, weak concrete surfaces need to be cleaned down properly to hard concrete through mechanical means; for instance, high pressure washing or scarifying. Thus, after the surface preparation, concrete resurfacer is applied and leveled, then allowed to settle down above 50F. However, the application of concrete resurfacing is not feasible below 50F. Apart from this, high expenses involved in concrete resurfacer application is the major factor that effect on consumer preferences. Also, low awareness regarding concrete resurfacer and unskilled labor in developing region that may hamper growth of market
Concrete Resurfacer Market: Segmentation
On the basis of application, the global concrete resurfacer market has been segmented into;
On the basis of end use, the global concrete resurfacer market has been segmented into;
- Commercial & institutional
Concrete Resurfacer Market: Regional Outlook
In terms of demand, the global concrete resurfacer market is dominated by North America and Europe. This can be mainly attributed to the rising repair and refurbishment of existing buildings in these regions, which are expected to provide lucrative opportunities for the concrete resurfacer market. Moreover, the significant rise in infrastructure development in the U.S., Germany and the U.K. are expected to drive the market over the forecast period. North America and Europe concrete resurfacer markets are expected to witness healthy growth over the forecast period. However, a lack of awareness regarding concrete resurfacing, range of thickness as well as lack of skilled labor for application are the major factors that hamper the growth of the concrete resurfacer market in Asia Pacific. Moreover, Latin America and MEA concrete resurfacer markets are expected to register steady growth over the forecast period
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Concrete Resurfacer Market: Market Participants
Some of the key players identified across the value chain of the global concrete resurfacer market include,
- The Quikrete Companies
- B. Fuller Construction Products Inc.
- Cemix Products Ltd
- Flowcrete Group Ltd.
- TCC Materials
- Versatile Building Products.
- Elite Crete Systems, Inc.
- Henry Company
- TNT Resurfacing Concrete, Inc.
- The Sherwin-Williams Company
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, France, U.K., Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
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- Potential and niche segments, geographical regions exhibiting promising growth
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