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Global High-strength Concrete Market Outlook to 2029

Market Research Reports | 2024 Edition | Report ID: BQ01675
Global High-strength Concrete Market Outlook to 2029

Report Description

High-strength concrete is mentioned as concrete with a defined compressive strength of 55 MPa or higher, and it has a compressive strength of over 69 MPa and is routinely produced daily. According to BlueQuark Research and Consulting, the global High-strength concrete market is expected to grow considerably during the forecasted period. Factors such as the increasing construction of high-rise buildings and superior features, such as resistivity to natural and chemical damages and high early strength advantage, are expected to drive the need for the High-strength concrete market in the forecasted period. Further, it makes the building structure less porous, which surges the bond strength and also helps in lowering the construction time and reducing costs, due to which it is widely utilized in the repair and construction activity expected to drive the need for High strength concrete market in the forecasted period. Furthermore, advancement in concrete technology and the availability of raw materials has spurred the usage of high-strength concrete. These factors are estimated to rise the demand for high-strength concrete in construction. However, premium pricing and limited use in emerging economies will likely hinder the growth of the High-strength concrete market.

The recent developments in the construction industry where high-end buildings are constructed using modern technologies have led to a surge in demand for high-strength concrete as it is extensively used in heavily engineered structures such as skyscrapers, dams, bridges, flyovers, coastal engineering, etc.

The rising demand from the building & construction sector is one of the prime features responsible for the development of the global high-strength concrete market. On-site (fresh mixed) concrete also uses similar materials, such as water, cement, aggregates, and admixtures. However, the difference is that freshly mixed concrete is produced at the construction site. While fresh-mixed concrete is made on-site, it helps ensure an exact and efficient ratio of cement and water. The produced concrete mixture can also be changed according to the requirement of the construction, which helps to keep away the wastage of material and time. Further, builders can eliminate the shortage and overage of concrete material, which can help them save on construction costs. One of the significant advantages of fresh-mixed concrete is in continuous and manageable supply. In contrast, volumetric concrete mixers can provide on-demand products for two to 400 yards per day in ready-mix concrete. On site, concrete is freshly prepared in the construction site as per requirements. This helps in designing the exact and efficient ratio of cement, mixtures, and water and aids in the efficient management of resources, and changes the production according to requirements, eliminating wastage of material and time. Furthermore, this helps the users reduce shortage or overage in output, lowering the overall cost of the construction. The construction industry is increasing at a healthy rate, primarily in developing countries, such as India and China, owing to the industrialization resulting in rapid urbanization. This, in turn, boosts the demand for commercial buildings, such as schools, offices, complexes, and other industries. Furthermore, the on-site high-strength concrete is preferred over any other type owing to its various benefits, such as easy spraying, controlling water content, and adding mixtures per design requirements during the mix preparation. These factors are coupled to enhance the global market growth in the forecasted periods.

Asia Pacific accounted for the largest share, holding more than 50% of the total worth of the high-strength concrete market share. Most of the demand is concentrated in China, Japan, and India. China hosts a vast construction sector, and the developments in the infrastructure and residential sectors in the past two years have supported the construction sector's growth. China is a global leader in the consumption of concrete and related products and is also the home for many domestic manufacturers of cement and concrete products. China has been focusing on reducing the environmental impact in the form of reductions in carbon dioxide emissions and other waste emissions in the recent past. Using high-strength concrete can further enhance the country's vision to support the reduction in environmental impact when applied to appropriate projects. The superior properties of reactive powder concrete, such as high tensile strength and durability, high compressive strength, high strength, durability, and high resistance to corrosion and other chemical reactions, make it one of the biggest drivers of the high-strength concrete market. High-strength concrete does not succumb to heavyweight and wind, even under extreme conditions and exposure, making it one of the best properties of high-strength. These superior qualities of high-strength concrete are also why it is known as reactive powder concrete. Cement can help quickly create a large and robust structure and can be molded in different shapes. The high thermal mass of cement makes it ideal for residential construction to fulfill the demand for temperature moderation. In addition, the diversified use of cement in the construction industry, such as in building applications, is predicted to bolster the segment's growth in the forecast period. Furthermore, underground space development is susceptible to extreme geological conditions, harmful gas outbursts, high-ground stress, and rock bursts. High-strength concrete is a well-known method for installing permanent structural lining for non-uniform surfaces in underground construction.

Some market key players are BASF SECEMEX SAB DE C.V.Ultratech Cement LtdACC Limited, and Clayton Block Co.

In November 2021, Sika AG acquired the MBCC group specializing in chemical and construction. This strategic acquisition has strengthened Sika AG's product portfolio in the Europe region.

On 16 February 2021, ACC ready mix launched a low-carbon range of concrete, the Green Concrete, for high-performing, sustainable, and circular construction.

Global High-strength Concrete Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the High-strength concrete Market by segmenting based on Constituent (Cement, Aggregates, and Admixtures), Product Type ( Ready-mix /Pre-mix, Precast concrete, and on-site), Application (Commercial, Residential, Infrastructure, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.

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  Table of Contents

 

  This report helps to:-

  • Gain a deeper understanding of the impact of coronavirus on the High-strength concrete market.
  • Equip yourself with rigorous analysis and forward-looking insight into the High-strength concrete market across various regions.
  • Evaluate the attractiveness and state of competition in the industry to identify opportunities and develop a strategy.
  • Gain an understanding of uncertainty and discover how the most influential growth drivers and restraints in the regions will impact market development.
  • Assess market data and forecasts to understand how the demand for the High-strength concrete Market evolves over the next five years across various regions.
  • Gain a comprehensive view of the emerging market trends and developments to assess market opportunities.
  • Be better informed of your competition by gaining access to detailed information and analysis of key industry players.
  • Keep on top of M&A developments, JVs, and other agreements to assess the evolving competitive landscape and enhance your competitive position.

  Tables and charts

Global High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

North America High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United States High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Canada High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Mexico High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Europe High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

United Kingdom High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Germany High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Italy High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

France High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Other Supporting Charts

Rest of Europe High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South America High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Brazil High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Argentina High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of South America High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Asia-Pacific High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

China High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

India High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Japan High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Korea High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Asia-Pacific High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Middle East & Africa High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Saudi Arabia High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

South Africa High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

Rest of Middle-East & Africa High-strength concrete Market Size, Market Growth & Market Forecast Revenue (in USD Millions), 2017-2027

  Who need this report?

  • Construction Companies
  • Infrastructure
  • Cement companies
  • Suppliers, distributors of High-strength concrete
  • Government Bodies and Industry Associations
  • Investor Community
  • Financing Companies
  • Others

  What's included

Report - Global High-strength Concrete Market Outlook to 2027.pdf
Market Data - Global High-strength Concrete Market Outlook to 2027.xls

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