Global High-Strength Concrete Market - Segmented by Constituent, Product Type, Application, and Geography - Growth, Trends and Forecast (2018 - 2023)
The global high-strength concrete market is expected to witness a significant growth rate during the forecast period, 2018 - 2023. By product type, ready-mix/pre-mix segment dominated the global market in 2017.
Increased Construction of High-Rise Buildings Driving the Market
The major challenge faced during the construction of high-rise structures is the ability to pump the concrete to greater heights while maintaining very good flowability. High-strength concrete owing to their superior compressive strength, low shrinkage, low permeability, high modulus of elasticity, discontinuous pores, and the resulting smooth fracture surface; are hugely preferred in the construction of high-rise buildings. High-rise building construction is rapidly increasing in the United States, United Kingdom, India, and Saudi Arabia amongst few other regions. Growing high-rise building construction all across the world will hugely augment the consumption of high-rise concrete through the forecast period.
Ready-mix/Pre-mix Segment to Dominate the Global Market
Ready-mix segment is the largest consumer in the global high-strength concrete market and is expected to dominate the market through the upcoming years. They offer superior technical properties over other forms of concrete. Additionally, the reduce the cement consumption by 10% to 12% due to better handling and proper mixing and also, their usage speeds up the construction time. Furthermore, they are environment friendly and provides better durability to building structures. Owing to such factors, they are widely preferred over other forms of high-strength concrete.
North America – the Largest Regional Market
North America dominated the global market in 2017, however, Asia-Pacific is expected to register the fastest growth through the forecast period. Growing high-rise building construction in United States primarily in cities, such as New York, Chicago, Los Angeles, San Francisco, and Seattle was the reason North America continued to dominate the market. However, various countries in Asia-Pacific, such as India, Japan, China, and Indonesia are rapidly adapting to newer concrete technologies owing to their advantages. Such rapid development is expected to help the Asia-Pacific market to register the fastest growth through the forecast period.
Key Developments in the Market
September 2017: CRH Structural Concrete Belgium decided to invest in precast concrete element production
Major Players: BASF SE, CEMEX Group, Sika Group, Lafarge, ACC Ltd., amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type and application in the market
Information about the regions and countries which are expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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