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Rapid Strength Concrete Market - Segmented by Application, and Geography - Growth, Trends and Forecasts (2018 - 2023)

  • ID: 4663741
  • Report
  • October 2018
  • Region: Global
  • 174 pages
  • Mordor Intelligence
The global rapid strength concrete market is expected to register a CAGR of 5.05% during the forecast period, 2018 to 2023. Europe dominated the global market, accounting for almost 33% of the market share in 2017. The market is being driven by growing construction industry and advantages offered by rapid strength concrete such as ease of placing and low-time consumption.

Increasing Construction of Multi-storey and High-Rise Buildings

The high-demand construction projects are to be completed within a stipulated time, which is directly dependent on the drying or settling time of concrete. The rapid strength concrete plays a vital role in this case, in completing the projects with utmost strength, within a short time. With the increasing construction activities, the demand for such rapid strength concrete has been increasing. The construction industry is growing at a healthy rate, primarily in developing countries, such as India and China, owing to the industrialization resulting in rapid urbanization. This, in turn, is boosting the demand for commercial buildings, such as schools, offices, complexes and other industries.

The increasing trend of multi-storey buildings due to the rise in construction of hotels, service sector offices, multi-family culture, hospitals, etc., has been driving the demand for high-strength concretes across various regions.

Roads/Bridges – the Dominating Application Segment

The strength and long-term durability of roads and bridges are of main importance to avoid any damage or accident to the structure. Use of rapid strength concrete in such cases is of great help for the preservation and rehabilitation of roads and bridges and increasing the speed of construction. Saudi Arabia’s major initiatives concerning infrastructural development included white land tax initiative and transport infrastructure development plan in Riyadh. Under this, the government is focusing on the construction of 175 km of six-lane road and 85 stations; this is anticipated to be completed by the end of 2018. Such continuous progress is expected to drive the market through the forecast period.

In 2017, the roads/bridges application segment dominated the global market with a market share of almost 20%.

Asia-Pacific – the fastest growing market through 2023

Europe dominated the global market in 2017; however, Asia-Pacific is expected to be the fastest growing market through the forecast period, primarily driven by Japan and China. The Japanese construction sector remains positive in terms of short-term growth, due to the increasing demand, triggered by a sudden rise in residential construction and projects related to the Tokyo Olympics, 2020. The government of Japan is also constantly focusing on both long-term and short-term development plans. Besides, despite experiencing a volatile growth in the real estate market, China is experiencing significant development of rail and road infrastructure, all of which are expected to drive the market through the forecast period.

Key Developments in the Market
  • June 2017: BASF launched MasterEase admixture to support rapid construction growth in northern Vietnam
  • March 2017: EMEX Philippines introduced an admixture solution, Promptis concrete solution which is expected to provide superior strength to road construction
Key Players: Aggregate Industries UK LTD., LafargeHolcim, CEMEX S.A.B de C.V., Tarmac (CRH), BASF SE, Boral Limited, and Buzzi Unicem USA, amongst others.

Rapid Strength Concrete Market Report Summary

Key Developments

BASF launched MasterEase admixture to support rapid construction growth in northern Vietnam

Regions Covered

Asia-Pacific, North America, South America, Europe, and Middle East & Africa

Companies Covered

Aggregate Industries UK LTD., LafargeHolcim, CEMEX S.A.B de C.V., Tarmac (CRH), BASF SE, Boral Limited, and Buzzi Unicem USA, etc.

Reasons to Purchase This Report
  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Information about the application segment which is going to dominate the market over the forecast period
  • The latest developments, market shares, and strategies that are employed by the major market players
  • 3 months analyst support along with the Market Estimation sheet (in excel).
Customization of the Report

This report can be customized to meet your requirements. Please connect with our Customer Service team, who will ensure you to get a report that suits your needs.
Note: Product cover images may vary from those shown
1. Introduction
1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Intensity of Competitive Rivalry
3.3 Regulatory Policy Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Increasing Construction of Multi-storey and High-Rise Buildings
4.1.2 Ease-of-Placing and Time-Saving Advantages
4.1.3 Growing Emphasis on the Use of Environment-Friendly Concrete
4.2 Restraints
4.2.1 Higher Cost
4.2.2 Lack of Awareness
4.3 Opportunities
4.3.1 Replacement of Traditional Concrete
4.3.2 Recovering South American Construction Industry

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Application
5.1.1 Airports
5.1.2 Buildings/Floors
5.1.3 Dockyards
5.1.4 Formed Work
5.1.5 Parking Areas
5.1.6 Rail Networks
5.1.7 Roads/Bridges
5.1.8 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Rest of the Asia-Pacific
6.2 North America
6.2.1 United States
6.2.2 Canada
6.2.3 Mexico
6.2.4 Rest of North America
6.3 Europe
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3.4 France
6.3.5 Spain
6.3.6 Nordic Countries
6.3.7 Russia
6.3.8 Rest of Europe
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle-East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis
7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 Aggregate Industries UK Ltd.
8.2 BASF SE
8.3 Boral Limited
8.4 Buzzi Unicem SpA
8.5 CEMEX S.A.B. de C.V
8.6 CTS Cement
8.7 Emtek Ltd.
8.8 Fosroc Inc.
8.9 Instarmac Group PLC
8.10 Lafarge Holcim
8.11 Perimeter Concrete Ltd.
8.12 Short Load Concrete Inc.
8.13 Sika Corporation
8.14 Tarmac (CRH)
8.15 Westbuild Group

9. DISCLAIMER

**Subject to availability on public domain
Note: Product cover images may vary from those shown

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