Self-Compacting Concrete Market to 2024 | Growth Trends and Development Status
Category: #reports  By Rahul Varpe  Date: 2020-04-09
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Self-Compacting Concrete Market to 2024 | Growth Trends and Development Status

Self-consolidating concrete has lately become an indispensable component in modern construction activities, pertaining to some of its exceptional beneficiary features such as high segregation resistance and flowability. It is therefore quite indisputable that the growth in construction domain will leave a perpetual impact on self-compacting concrete market trends.

 The overall Self-Compacting Concrete Market is slated to depict a valuation of USD 30.2 billion by 2024, having registered a remuneration of USD 20 billion in 2016.

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Market Growth Drivers –

  1. Strong growth in the building & construction industry in Asia Pacific
  2. Rising oil & gas industry in North America
  3. Rapidly growing construction industry in the Middle East & Africa

High raw materials price trends compared to its conventional counterparts along with limited utilization of the product in the infrastructural domain are claimed to be the two major constraints deterring self-compacting concrete market penetration across some of the geographies. Nonetheless, renowned biggies are set to explore various opportunities and challenges of the business fraternity in the ensuing years by investing in advanced technologies that not only ensures improved functionality but also competitive pricing.

Asia Pacific is slated to be one of the most lucrative avenues for increasing self-compacting concrete industry size, given the strong pipeline of constructional projects across major countries like China. Statistics depict, with China at the forefront, APAC belt is forecast to account for almost 60% of the overall construction expenditure by 2025.

Furthermore, Asia Pacific self-compacting concrete market is governed by a stringent regulatory frame of reference enforced by authorized bodies that have implemented favorable policies under the structural reform plan. Pertaining to the massive industrialization and urbanization across the continent, APAC self-compacting concrete market share is expected to register commendable proceeds by 2024.

Top Companies

Unibeton Ready Mix, Ultratech Cement Ltd., Tarmac Trading Limited, Sika AG, LafargeHolcim, CEMEX Group, BASF SE, Gilson Company, Inc., ACC Limited, Breedon Group, Buzzi Unicem Spa, HeidelbergCement AG, Kilsaran, Unik Readymix Concrete, Fletcher Buildings Limited

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The competitive matrix of self-compacting concrete market is all inclusive of top notch companies that have been heavily investing in strong alliances to come up with innovative solutions that are not only efficient but also environmentally viable. For instance, Tarmac, one of the most acclaimed U.K. based sustainable material group, recently acquired the remaining 50% share of Scottish Power, under the long-standing ScotAsh joint venture.

Market By Raw Material

  1. Fine & Coarse Aggregates
  2. Water
  3. Cement
  4. Admixture
  5. Fibers

Split by application, the market is divided into

  1. Concrete Frames
  2. Metal Decking
  3. Columns
  4. Drilled Shafts

This report contains detailed information pertaining to the consumption of the product as well as market share of the application, alongside the growth rate of every application segment.

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What are the key takeaways of this report?

  1. A well-detailed evaluation of the pricing trends has been given in the report, pertaining to the product, application, as well as regional landscapes
  2. A well-detailed analysis of the vendor matrix alongside the important companies that will help to better understand the competitive scenario in the global market
  3. Important insights pertaining to the regulatory spectrum surrounding the industry, along with the investments by many shareholders in the global market
  4. A significantly deep evaluation of the many parameters propelling the overall market growth in combination with their influence on the projection as well as dynamics of the global market
  5. A detailed understanding of the numerous available growth opportunities in the global industry
  6. An extensive evaluation of the various trends prevailing in the global business space


About Author

Rahul Varpe

Email: [email protected]   

Rahul Varpe

Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products ...

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