Global Rapid Strength Concrete Market - Segmented by Application, Constituent, and Geography - Trends and Forecasts (2015-2020)
The Global Rapid Strength Concrete market is estimated to be valued at USD XX.XX million in 2015, and it is expected to grow at a CAGR of ~10.20% to reach USD XX.XX million by 2020. Rapid Strength concrete, a construction material, has the ability to provide high early strength in comparison to traditional Portland cement-based concrete; thereby, providing the constructors/end-users with reduced project length and turnaround time advantages. Rapid strength concrete is available in the market in numerous product types with a large range of strength and setting time characteristics. Additionally, rapid strength concrete can be prepared for special exposure conditions, such as resistance to sulfates or alternate thawing. Some of the variants currently available globally can harden and attain high strength in a matter of ~4 hours after being poured. In the global rapid strength concrete report, we have considered the revenue being generated by the sales of rapid strength concrete as a whole product.
Owing to its various advantages, in comparison to Portland cement-based concrete, such as accelerated construction, flexibility in construction schedules (ability to choose the strengthening time), and environment-friendliness; rapid strength concrete has been gaining popularity in the recent years as an alternative to the traditional construction materials. Although, the aforementioned concrete provides the builders and residents with many other major advantages, however, its usage is still majorly limited to North American and European countries.
Rapid strength concrete is primarily used in repair and new construction activities in various major application areas. In the market report, we have considered the following major construction application areas: airports, buildings/floors, dockyards, formed work, parking areas, rail networks, roads/bridges, and others. The market in the buildings/floors application segments have been further sub-segmented into industrial/commercial and residential sub-segments. The roads/bridges construction application segment accounted for the majority of consumption in the global rapid strength concrete market in 2015.
This market is driven by a number of factors, such as the increasing multi-story and high rise construction activities across the globe, rapid strength concrete’s ease-of-placing and time saving advantages, and the growing consumer and government emphasis on use of environment-friendly concrete. However, this market faces certain drawbacks, primarily the premium pricing of rapid strength concrete, and the dearth of demand and awareness regarding rapid strength concrete in the emerging economies.
The market has also been geographically segmented on the basis of consumption into Asia-Pacific, North America, Europe, South America, and MEA. The regions have further been bifurcated into countries. Europe is the current leader in the world for rapid strength concrete, and is expected to grow at a CAGR of XX.XX% during the forecast period. The UK led the market in the aforementioned region in 2014. The markets with promising growth forecasts include the ASEAN countries, along with Australia, China, and India.
The replacement of traditional concrete and increase in awareness and usage in Asia-Pacific region, the recovering European construction industry, and the development of cheaper novel products, are expected to offer major growth opportunities for the players in the global Rapid Strength concrete market. The producers mentioned in the report include Aggregate Industries UK Ltd., BASF, Boral Limited, Buzzi Unicem SpA, CEMEX S.A.B. de C.V, CTS Cement, Emtek Ltd, Firth Industries, Holcim, Instarmac Group plc., Perimeter Concrete Ltd., Short Load Concrete Inc., Sika Corporation, Tarmac (a CRH company), and the Westbuild Group.
Key Deliverables in the Study
Market analysis for the Global Rapid Strength Concrete Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Global Rapid Strength Concrete market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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