The global high-strength concrete market size reached US$ 346.26 Million in 2022. Looking forward, the publisher expects the market to reach US$ 490.37 Million by 2028, exhibiting a growth rate (CAGR) of 6.07% during 2023-2028. The growing construction activities, increasing utilization to build dams and nuclear power plants, and rising demand for weather and chemical resistant solutions represent some of the key factors driving the market.
High-strength concrete comprises cement, fine and coarse aggregates, water, and admixtures, such as fly ash and silica fume. It is widely available as ready-mix or pre-mix, precast, and on-site or fresh-mixed high-strength concrete. It is brittle in nature and provides a higher rate of strength gain at early stages as compared to lower-strength concrete. It assists in reducing the total amount of material placed and lowering the overall cost of the structure. It aids in decreasing dead load, reducing repair and maintenance costs, and lowering the number of vertical supports. It also reduces the structure of members, such as beams and columns, while providing high strength to carry heavy loads. Besides this, it is beneficial in allowing a longer life span of a product and the construction of thinner slabs and floors. As it is widely utilized for the construction of high-rise buildings and bridges, the demand for high-strength concrete is rising across the globe.
High-strength concrete comprises cement, fine and coarse aggregates, water, and admixtures, such as fly ash and silica fume. It is widely available as ready-mix or pre-mix, precast, and on-site or fresh-mixed high-strength concrete. It is brittle in nature and provides a higher rate of strength gain at early stages as compared to lower-strength concrete. It assists in reducing the total amount of material placed and lowering the overall cost of the structure. It aids in decreasing dead load, reducing repair and maintenance costs, and lowering the number of vertical supports. It also reduces the structure of members, such as beams and columns, while providing high strength to carry heavy loads. Besides this, it is beneficial in allowing a longer life span of a product and the construction of thinner slabs and floors. As it is widely utilized for the construction of high-rise buildings and bridges, the demand for high-strength concrete is rising across the globe.
High-Strength Concrete Market Trends:
At present, the increasing demand for high-strength concrete, as it has low volatile organic content (VOC) compared to conventional concrete, represents one of the key factors contributing to the growth of the market. Moreover, the growing utilization of high-strength concrete due to the increasing number of construction activities around the world is offering a positive market outlook. Apart from this, the rising adoption of high-strength concrete to reduce harmful emissions in the environment worldwide is offering lucrative growth opportunities to industry investors. In addition to this, there is a rise in the demand for corrosion-resistant and high tensile strength material across the globe. This, coupled with the increasing adoption of fresh mixed high-strength concrete, as it reduces the wastage of materials and costs and is easily modified, is strengthening the growth of the market. Besides this, the growing demand for high-strength concrete to build dams and nuclear power plants that require extreme durability is positively influencing the market. Additionally, various benefits offered by high-strength concrete, such as the ability to support greater loads, resist chemical and environmental degradation, and provide enhanced performance in extreme weather conditions, are propelling the growth of the market. Furthermore, the rising employment of high-strength concrete, as it aids in decreasing the construction time and reducing costs, is supporting the growth of the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global high-strength concrete market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on constituent, product type, and application.Constituent Insights:
- Cement
- Aggregates
- Admixtures
Product Type Insights:
- Ready-mix/Pre-mix
- Precast
- On-site (Fresh Mixed)
Application Insights:
- Commercial
- Residential
- Infrastructure
- Others
Regional Insights:
North America
- United States
- Canada
Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global high-strength concrete market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include ACC Limited, Cemex S.A.B. de C.V., Clayton Block Co., Holcim Ltd., Sika AG, Tarmac Group Limited (CRH plc), The Quikrete Companies, U.S. Concrete Inc. (Vulcan Materials Company), Ultratech Cement Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global high-strength concrete market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global high-strength concrete market?
- What is the impact of each driver, restraint, and opportunity on the global high-strength concrete market?
- What are the key regional markets?
- Which countries represent the most attractive high-strength concrete market?
- What is the breakup of the market based on the constituent?
- Which is the most attractive constituent in the high-strength concrete market?
- What is the breakup of the market based on the product type?
- Which is the most attractive product type in the high-strength concrete market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the high-strength concrete market?
- What is the competitive structure of the global high-strength concrete market?
- Who are the key players/companies in the global high-strength concrete market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global High-Strength Concrete Market
6 Market Breakup by Constituent
7 Market Breakup by Product Type
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- ACC Limited
- Cemex S.A.B. de C.V.
- Clayton Block Co.
- Holcim Ltd.
- Sika AG
- Tarmac Group Limited (CRH plc)
- The Quikrete Companies
- U.S. Concrete Inc. (Vulcan Materials Company)
- Ultratech Cement Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 346.26 Million |
| Forecasted Market Value ( USD | $ 490.37 Million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
