What is Concrete Resurfacer?
Concrete Resurfacer is a compound of thin cement mixed with few adhesive bonds. It is usually used to give a finish to old or even sometimes new concrete flooring, drive away, side walk or patio. The process of Concrete Resurfacing is primarily done in 3 steps that is first, surface preparation/ removal of loose concrete residue, second is application of Concrete Resurfacer and third is levelling or settling of Concrete Resurfacer.
The market study is broken down by Type (Spray-able Concrete Resurfacer and Trowel-able Concrete Resurfacer), by Application (Roadways, Flooring, Sidewalks, Pateo and Others) and major geographies with country level break-up.
The market of Concrete Resurfacer is competitive one, with key players dominating the market being from Japan. China and India are one of the fastest growing markets in world, with the emergence of new segment and rising incomes, thus Concrete Resurfacer Manufacturers must especially keep a close eye on the Asia pacific and the two Asian giants China and India. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
The Quikrete Companies (United States), B. Fuller Construction Products Inc. (United States), The Sherwin-Williams Company (United States), Cemix Products Ltd (New Zealand), Versatile Building Products (United States), Flowcrete Group Ltd. (United Kingdom), TCC Materials (United States), Henry Company LLC (United States), Sika Group (Switzerland), Oldcastle APG, Inc. (United States), Elite Crete India Flooring Solutions Pvt Ltd (India), TNT Resurfacing Concrete, Inc. (United States) and Tennant Coatings (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Concrete Resurfacer market by Type, Application and Region.
On the basis of geography, the market of Concrete Resurfacer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End User , the sub-segment i.e. Residential will boost the Concrete Resurfacer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel , the sub-segment i.e. Direct will boost the Concrete Resurfacer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, Sika AG, the Swiss Multinational giant in chemical and building products announced the expansion of its production capacity in UAE with the launch of new manufacturing facility in Dubai. Earlier the facility was used as regional distribution and sales point. With the opening of new manufacturing facility in Dubai, Sika can better address its clients and further expand its market share in Middle East and North Africa Region.
Market Trend
- Beautification of Old Buildings and Repair of Old Roads or Sidewalks
Market Drivers
- Rapid Rise of Urbanization and Construction Related Activities
- Rise in Middle Income Households Purchasing Power Parity thus they Demand Better Living Standards
Opportunities
- Massive Construction and Urbanization Dynamics in China and India
Restraints
- Pandemic have halted the Construction Business
Challenges
- Limitation in Cold Environment
- Low Shelf Life
- Pollutants Released in Environment while Application and the Excessive Water Needed in the Concrete Industry is the Main Challenge which Needs to be Tackled by Innovative Products
Key Target Audience
Concrete Resurfacer Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.