DUBLIN, Oct. 4, 2022 /PRNewswire/ -- The "Rapid Strength Concrete Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
The global rapid strength market is expected to grow from $221.52 billion in 2021 to $246.28 billion in 2022 at a compound annual growth rate (CAGR) of 11.2%. The rapid strength market is expected to grow to $334.50 billion in 2026 at a CAGR of 8%.
Major players in the rapid strength concrete market are LafargeHolcim Ltd, Boral Limited, CEMEX S.A.B. de C.V, Fosroc Inc., Sika AG, Westbuild Products, BASF SE, Buzzi Unicem S.p.A., CTS Cements, Aggregate Industries UK Ltd, Perimeter Concrete Ltd, Instarmac Group PLC, ACC Limited, Trumboo Industry, and Evecrete India.
The rapid strength concrete market consists of sales of rapid strength concrete by entities (organizations, sole traders, and partnerships) that are used for maintenance, repair, and the extension of the service life of bridges, airfields, tunnels, highways, and city streets. Rapid-strength concrete refers to a concrete mix that hardens faster and gains strength more quickly than standard mixes.
The main types of rapid-strength concrete are under C30, C30-C60, and above C60. The under c30 is a type of concrete that is a commercial concrete mix that is used for outdoor projects such as pavements. The different strengths include 0 to 40 Mpa, 40 to 80 Mpa, and above 80 Mpa. These are used in airports, building floors, dockyards, formwork, rail networks, road/bridges, and other applications.
Europe was the largest region in the rapid strength concrete market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rapid strength concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for sustainable buildings and eco-friendly construction is contributing to the growth of the rapid-strength concrete market. Sustainable buildings and eco-friendly construction refer to a building with features that can maintain or improve the quality of life of the environment in which it is located by reducing carbon emissions, conserving energy, and water. Rapid-strength concrete is used to improve the maintenance of such sustainable buildings.
For instance, in August 2021, according to the Financial Express, an Indian business newspaper, the demand for having green buildings has increased and the market is expected to double in India by 2022, reaching 10 billion sq. ft. valued at around $35-50 billion, that will achieve net-zero greenhouse gas emissions by 2050. Therefore, the growing demand for sustainable buildings and eco-friendly construction is driving the growth of the rapid-strength concrete market.
Technological advancements are the key trends gaining popularity in the rapid-strength concrete market. The companies operating in the rapid-strength concrete market are looking for new technologies to strengthen their position in the market. For instance, in August 2019, Far Eastern Federal University, Russia scientists developed a brand-new rapid strength eco-concrete technology.
With this technology, the compressive strength of concrete has increased by 2.7 - 3.3 times compared with (B60) traditional concrete mixtures of similar components, and the energy costs decreased up to 70%. The main aim of the scientists is to improve the strength of new building materials using innovative technologies.
In April 2021, Holcim Participations (US) Inc., a subsidiary of Holcim Group, a US-based building material company acquired Firestone Building Products for an undisclosed amount.
The acquisition would enable Holcim Participations Inc. to become the global leader in flat roofing systems along with the company's expansion from the US to Europe and Latin America. Firestone Building Products is a US-based building materials manufacturing company.
The countries covered in the rapid strength concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Key Topics Covered:
1. Executive Summary
2. Rapid Strength Concrete Market Characteristics
3. Rapid Strength Concrete Market Trends And Strategies
4. Impact Of COVID-19 On Rapid Strength Concrete
5. Rapid Strength Concrete Market Size And Growth
5.1. Global Rapid Strength Concrete Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Rapid Strength Concrete Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Rapid Strength Concrete Market Segmentation
6.1. Global Rapid Strength Concrete Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Under C30
- Above C60
6.2. Global Rapid Strength Concrete Market, Segmentation By Strength, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 0 to 40 Mpa
- 40 to 80 Mpa
- Above 80 Mpa
6.3. Global Rapid Strength Concrete Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Building Floor
- Formed Work
- Rail Network
- Road or Bridge
- Other Applications
7. Rapid Strength Concrete Market Regional And Country Analysis
7.1. Global Rapid Strength Concrete Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Rapid Strength Concrete Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/ip224u
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