Repair Construction - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Repair Construction Market is expected to grow at a CAGR of 10.2% during the forecast period. The market growth is triggered due to the increase in the remodelling and the repairing activities happening around the world. Finding skilled and efficient labour, raw material cost and the additional expenditure to break and make are some of the factors hampering the market.
Repair construction is the process of refining or enhancing a construction to stay strong and in good condition. The repair for a construction is necessary to avoid risks such as collapsing. In many situations repairs are even made to preserve the original beauty and texture of the construction. The repairs in constructions have become so common due to the early decoration of the construction sites.
By application, residential application segment has a prominent effect on the global repair construction market. The residential repair industry is triggered due to high in number of existing home sales, increasing consumer expenses, urbanization, and rising middle class population all over the world.
With respect to geography, Asia-Pacific predicted to be the largest regional market for repair construction. Major expansion in the building & construction section of emerging economies, like India and China and growing consumer spending on revamp and maintenance in developed economies like Australia and Japan are playing a major role in fuelling the major growth.
Some of the key players in the repair construction market are Pidilite Industries Ltd, The Dow Chemical Company, E. I. Dupont De Nemours & Company, Shanghai Construction Group (SCG), RPM International Inc, 3M Company, Bechtel Corporation, Uretek, Bostik, Grupo ACS, Fosroc International Ltd, Albemarle Corporation, Vinci S.A, Leighton Holdings, Hochtief AG, Strabag SE, Bouygues S.A, Asian Paints, Cementaid International Group and Terraco Holdings Ltd.
• Crack Repair
- North America
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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