Global Ultra-High Performance Concrete Market 2019-2026
The global Ultra-High Performance Concrete Market is projected to reach USD 8.3 billion by 2026, growing at a CAGR of 4.25% from 2018 to 2025.
Ultra High-Performance Concrete, is a class of concrete defined by its exceptionally high strength and durability. UHPC is an advanced cementitious-based composite material that offers new opportunities for building constructions, infrastructure works, and many niche markets. However, this outstanding technology has struggled to become a mainstream technology for everyday use owing to lack of design codes and initial high investment costs of manufacturing facilities. Moreover, the high UHPC material cost makes it hard to compete with conventional designs optimized for other materials.
The ultra-high performance concrete is composed of materials such as fine sand, ground quartz, HRWR, accelerating admixture, steel fibers, Portland cement, and water. UHPC has heat curing properties, which increase the compressive strength and tensile cracking strength. It also decreases creep and eliminates subsequent shrinkage, which drives the growth of the global ultra-high performance concrete market.
On Basis of Type:
By type, the global ultra-high performance concrete market has been segmented as SIFCON (Slurry infiltrated fibrous concrete), RPC (Reactive Powder Concrete), CRC (Compacted Reinforced Composite). Among all, Reactive powder concrete (RPC) is expected to witness the highest growth rate in the global ultra-high performance concrete market as it allows optimized material use, generates economic benefits, and is highly environment-friendly. RPC is expected to the highest growth rate during the forecast period owing to properties such as increased durability, high strength, and ability to withstand high load and pressure. It is more environment-friendly than other conventional concrete products. These are the major factor for its high use in high-strength applications.
On Basis of Application:
The demand for Ultra-high performance concrete is increasing in end-use industries such as building construction, military construction, anti-detonating construction, and the development of roads and bridges, is a significant factor driving the growth of Ultra-high performance concrete market. In building construction, UHPC can be used as a structural precast element, facade, and column. Furthermore, the material is also used in the machinery industry to manufacture integrated machine parts. These are other factors expected to drive the growth of the global Ultra-high performance concrete market.
Geographically, Asia-Pacific is expected to grow in the ultra-high performance concrete market owing to the increasing industrialization. Furthermore, the rapid urbanization in the developing economies such as India, is generating need for more constructions, thereby driving the growth of the ultra-high performance concrete market. Strong demand from countries such as Japan, China, and South Korea, and the emerging opportunities in countries such as Africa are expected to contribute to this scenario. This region is characterized by rising demand for energy infrastructure, is expected to drive the demand for ultra-high performance concrete market.
LafargeHolcim, Sika AG, Metalco Srl, CeEntek, CEMEX, Gulf Precast Concrete, ELO KG, ITW Engineered Polymers, TAKTL, and Illinois Tool Works Inc. are prominent players of the global ultra-high performance concrete market.
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