Concrete Resurfacer Market Size

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.