Research Nester published a report titled “Concrete Cooling Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of theglobalconcrete cooling market in terms of market segmentation by cooling method, application, end-use, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The globalconcrete cooling market is anticipated to attain a CAGR of ~8% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of cooling method into air, water, ice, liquid nitrogen, and others. Among these, the water segment is estimated to garner significant share over the forecast period, owing to the growing usage of water-cooling systems owing to its easy availability, and cost-effectiveness. Based on application, the industrial segment is anticipated to grow at a significant CAGR over the forecast period owing to the requirement of strong concrete for large pour, as hot concrete can have unequal density.
The globalconcrete cooling market is estimated to grow on the back of increasing demand for concrete cooling in industrial sector. Hot concrete can cause problems, such as, unequal concrete density, low tensile strength and durability, and higher water evaporation rate. To avoid these setbacks, concrete cooling is being adopted, which is estimated to boost the market growth.
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On the basis of geographical analysis, the global concrete cooling market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is expected to provide maximum growth opportunities owing to the growing construction activities, baked by economic development in the region. As per the data by the India Brand Equity Foundation (IBEF), the ministry of Road Transport and Highways is allocated a budget of USD 14.85 billion in 2021-25, for the construction of bridges and highways. The market in the middle east is estimated to grow significantly throughout the forecast period, owing to the high temperature in this region, which increases demand for concrete cooling systems.
The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Demand for Concrete Cooling in Industrial Application to Boost the Market Growth
Industrial construction involves large pour of concrete, for which, temperature of the concrete plays an important role. If the concrete is too hot, it will dry unequally, and water will evaporate quickly, leaving unequal density in the structure. To avoid this, concrete cooling is used in industrial sector, which is estimated to boost the market growth.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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However, low demand in colder countries is expected to operate as key restraint to the growth of the global concrete cooling market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global concrete cooling market which includes company profiling of Plersch Kältetechnik GmbH, Fujian Snowman Co., Ltd, Coldcrete Inc., ConCool Concrete Cooling Systems, North Star Ice Equipment, The Kirloskar Group, LINTEC Corporation, Chirag Ice Factory Pvt Limited, Recom Ice Systems B.V., Focusun Refrigeration (Shanghai) Corporation and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global concrete cooling market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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