Press release
Rapid Strength Concrete Market Research: Size, Share, and Growth Forecasted Amid Construction Industry Advancements
Rapid Strength Concrete Market
The rapid strength concrete market size is expected to see strong growth in the next few years. It will grow to $385.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to expansion of the construction industry in emerging markets, adoption of rapid strength concrete in precast and modular construction, rising demand for sustainable and eco-friendly construction materials, integration of advanced curing techniques for faster concrete strength development, government initiatives for rapid and efficient infrastructure development. Major trends in the forecast period include development of self-compacting rapid strength concrete, customization of rapid strength concrete, use of novel materials and additives, application of 3d printing technology, collaboration between construction companies and material suppliers.
Market Overview -
Rapid-strength concrete refers to a concrete mix that hardens faster and gains strength more quickly than standard mixes. It is used for maintenance, repair, and the extension of the service life of bridges, airfields, tunnels, highways, and city streets.
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Growing Demand For Sustainable Buildings And Eco-Friendly Drives The Rapid-Strength Concrete Market
The growing demand for sustainable buildings and eco-friendly construction is contributing to the growth of the rapid-strength concrete market. Sustainable buildings and eco-friendly construction refer to buildings with features that can maintain or improve the quality of life of the environment in which they are located by reducing carbon emissions, conserving energy, and conserving water. Rapid-strength concrete is used to improve the maintenance of such sustainable buildings. For instance, in August 2021, according to the Financial Express, an Indian business newspaper, the demand for green buildings had increased, and the market is expected to double in India by 2022, reaching 10 billion sq. ft. valued at around $35-50 billion, which will achieve net-zero greenhouse gas emissions by 2050. Therefore, the growing demand for sustainable buildings and eco-friendly construction is driving the growth of the rapid-strength concrete market.
Competitive Landscape -
Major companies operating in the rapid strength concrete market report are LafargeHolcim Ltd., Boral Limited, CEMEX S. A. B. de C. V, Fosroc Inc., Sika AG, Westbuild Products Pty Ltd., Aggregate Industries UK Ltd., BASF SE, Buzzi Unicem S. p. A., CTS Cement Manufacturing Corp., Perimeter Concrete Ltd., Instarmac Group plc, ACC Limited, Trumboo Industries Private Limited, Evecrete Construction Materials Private Limited, Tarmac Ltd., Aditya Birla Group Pvt. Ltd., Holcim Ltd., Hanson UK Ltd., Aev Crh Holdings Inc., Short Load Concrete Inc., Arkema SA, Euclid Chemical Company, QUIKRETE Companies, TITAN America LLC, Lafarge Canada Inc., Conmix Ltd., Mapei Corporation, Euromix Concrete Ltd.
Rapid Technological Advancements Shaping The Future Of The Rapid-Strength Concrete Market
Technological advancements are the key trends gaining popularity in the rapid-strength concrete market. The companies operating in the rapid-strength concrete market are looking for new technologies to strengthen their position in the market. For instance, in September 2021, the National Research Development Corporation, an India-based non-departmental government body, launched PolyCC, a fast-setting and high-strength polymer concrete composite for rapid road repair. The unsaturated polyester resin system serves as the foundation for the PolyCC. It is based on two different resin system types and is mostly used for quick repairs of runways, helipads, and bunkers. Due to the three-dimensional cross-linking of the resin, it achieves very strong compressive strength in less than two hours. Water is not at all necessary for technology.
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Key Segments -
The rapid strength concrete market covered in this report is segmented -
1) By Type: Under C30, C30-C60, Above C60
2) By Strength: 0 to 40 Mpa, 40 to 80 Mpa, Above 80 Mpa
3) By Application: Airport, Building Floor, Dockyard, Formed Work, Rail Network, Road or Bridge, Other Applications
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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