Global Ultra-High Performance Concrete Market 2018-2022
About Ultra-High-Performance Concrete
Ultra-high-performance concrete is an advanced cement material with a strength of 150-200 Megapascal (MPa). It displays properties such as high strength, energy capacity, and excellent durability compared to other conventional concrete products.
Technavio’s analysts forecast the global ultra-high performance concrete market to grow at a CAGR of 6.91% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global ultra-high performance concrete market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of ultra-high-performance concrete.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ultra-High Performance Concrete Market 2018-2022
Technavio recognizes the following companies as the key players in the global ultra-high performance concrete market: ceEntek, CEMEX, Gulf Precast Concrete, Illinois Tool Works, LafargeHolcim, and Sika
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increasing demand for reactive powder concrete. RPC is an evolving composite material, and it 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 witness 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.”
According to the report, one of the major drivers for this market is Increased benefits of ultra-high performance concrete. Ultra-high performance concrete exhibits excellent properties, which are a major driving factor for its increased demand for applications such as military construction, building construction, anti-detonating construction, and the construction of roads and bridges. It is a high-strength, ductile material. Due to its high ductility, ultra-high-performance concrete can deform and support flexural loads even after initial cracking. It has a very high tensile strength and can withstand high loads. It has a very good flexural load, compressive strength, and a high modulus of elasticity.
Further, the report states that one of the major factors hindering the growth of this market is Higher cost when compared to conventional concrete. The ultra-high performance concrete is being used extensively in infrastructure and construction applications mainly due to its benefits and superior properties. Even though it exhibits good mechanical and chemical properties, the price of ultra-high performance concrete is comparatively higher than conventional concrete. This can hinder the growth of the market and can pose a severe threat during the forecast period.
ceEntek, CEMEX, Gulf Precast Concrete, Illinois Tool Works, LafargeHolcim, and Sika