Self-Compacting Concrete Market to exceed a $30 billion by 2024
Category: #business  By Partha Ray  Date: 2019-07-20
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Self-Compacting Concrete Market to exceed a $30 billion by 2024

Self-compacting concrete market by the building & construction segment is expected to rise at a CAGR of more than 5% over the projected time span. The product is widely applicable in the construction business, primarily in buildings in both residential and commercial sectors, due to its value-added advantages such as high productivity, low labor cost, and appeal value. Moreover, it doesn't involve vibration for settling and continues homogeneousness due to its high mobility and hence is likely to make a substantial input to the market.

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Self-compacting concrete market in Asia Pacific is accounted for over 70% share of the overall market in 2016. It is primarily due to instant industrial development, which is primarily due to growing population, which will propel the construction sector in Asia Pacific.

Self-compacting Concrete Market is expected to exceed USD 30.2 billion; according to a new research report. Robust demand for self-compacting concrete in the U.S. due to the increased drilling activities, which can be attributed to the fast pace of the petroleum industry will drive market during the forecast period.

The government is presently making regulations under structural reformation plans for the application of large projects to expand the total construction in the area that would positively affect the market during the forecast period.

Main self-compacting concrete market shareholders are:

  • BASF
  • Sika
  • Unibeton
  • Buzzi Unicem
  • CEMEX
  • Ultratech Cement
  • ACC
  • Breedon

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The aforementioned companies are involved in acquisitions, mergers, and joint venture activities to advance its occurrence in the trade. For example, in July 2016, HeidelbergCement acquired Italy's Italcementi to create the world's second-largest cement group

Self-compacting Concrete Market by Application

  • Concrete frames
  • Metal decking
  • Columns
  • Drilled shafts
  • Others

 

Drilled shafts application segment for self-compacting concrete market is anticipated to rise at a CAGR of over 4.5% by 2024. The product finds widespread applications across several end-user industries including infrastructure industry, construction, and petroleum, etc. The product is extensively used to avoid clogging due to coarse aggregates, which will lead to the isolation of concrete outside and inside the enclosure due to its improved workability as compared with the general drilled-shaft concrete. Its ability to impart superior performance will make a considerable impact on market during the forecast period.

 

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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