In a recent published report, Kenneth Research has updated the market report for Global High Strength Concrete Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global High Strength Concrete Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.
Global High Strength Concrete Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period. High-Performance Concrete (HPC) is a specialized concrete designed and made to provide several benefits in construction. It is defined as a concrete meeting special combination of performance and uniformity requirements that cannot always be achieved routinely using normal mixing, placing, and curing practices. Properties of HPC include high early strength, toughness, long-term strength, density, reduced maintenance, and aesthetics. Different types of materials are used for making HPC. Major materials used are portland cement or blended cement, silica, water, sand, fly ash, superplasticizers, and many others. HPC has durability, high strength, and visual appearance as well. Water damns, road bridges, railways bridges, and fly-overs, tall building are major applications of the HPC.
This market is driven by many factors, such as the increased construction of high-rise buildings in Asia-Pacific and the Middle Eastern countries, the improved long-term performance and reduced MRO cost benefits of high-strength concrete. Its superior resistance to cracks caused by natural and chemical damagers is another factor driving the high-strength concrete market. However, this market faces certain drawbacks, primarily the high-cost associated with using high-strength concrete and the limited usage of high-strength concrete in construction activities in emerging economies. The scenario in developing countries in Asia-Pacific, especially in India, is expected to change drastically in the coming years.
The gradually growing use of high-strength concrete in precast construction applications in the Nordic countries, the recovering construction and housing sector in Europe, and the growing popularity of high-strength lightweight concrete for constructing bridges are some of the major growth opportunities available in the global high-strength concrete market.
The global high-strength concrete market has been bifurcated by the product type into pre-mix, precast, and on-site segments. The market has also been divided as per the constituent type into cement, admixtures, aggregates, and others. The market in the admixtures segment has been further sub-segmented into mechanical and chemical segments. Based on the application in construction, the market is divided into commercial, residential, infrastructure, and others. The market has also been geographically segmented by consumption into Asia-Pacific, North America, Europe, South America, and the Middle East and Africa.
The North America region is expected to witness the highest growth rate over the forecast period. The construction industry has emerged as a substantial consumer for UHPC owing to its inherent UHPC benefits and wide applicability, which is, in turn, is expected to propel the industry growth. The Asia Pacific is expected to witness a high growth rate over the forecast period. Strong demand from countries such as Japan, China, and South Korea, and the emerging opportunities in countries such as India are expected to contribute to this scenario. The region is characterized by rising awareness regarding UHPC.
Some of the major players in the market include BASF SE, CEMEX Group, Lafarge SA, Sika Group, and Sakrete.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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