Overview and Scope
Rapid-strength concrete refers to a concrete mix that hardens faster and gains strength more quickly than standard mixes. It is used for maintenance, repair, and the extension of the service life of bridges, airfields, tunnels, highways, and city streets.
Sizing and Forecast
The rapid strength concrete market size has grown strongly in recent years. It will grow from $265.46 billion in 2023 to $286.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth in the historic period can be attributed to increased demand for construction materials, growing demand for renovation of existing buildings and other structures, urgency for quick construction and repair in infrastructure projects, increased need for minimizing downtime, demand for high-performance concrete in critical applications.
The rapid strength concrete market size is expected to see strong growth in the next few years. It will grow to $385.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to expansion of the construction industry in emerging markets, adoption of rapid strength concrete in precast and modular construction, rising demand for sustainable and eco-friendly construction materials, integration of advanced curing techniques for faster concrete strength development, government initiatives for rapid and efficient infrastructure development. Major trends in the forecast period include development of self-compacting rapid strength concrete, customization of rapid strength concrete, use of novel materials and additives, application of 3d printing technology, collaboration between construction companies and material suppliers.
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Segmentation & Regional Insights
The rapid strength concrete market covered in this report is segmented –
1) By Type: Under C30, C30-C60, Above C60
2) By Strength: 0 to 40 Mpa, 40 to 80 Mpa, Above 80 Mpa
3) By Application: Airport, Building Floor, Dockyard, Formed Work, Rail Network, Road or Bridge, Other Applications
Europe was the largest region in the rapid strength concrete market in 2023. 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, Africa
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Major Driver Impacting Market Growth
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 buildings with features that can maintain or improve the quality of life of the environment in which they are located by reducing carbon emissions, conserving energy, and conserving 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 green buildings had increased, and the market is expected to double in India by 2022, reaching 10 billion sq. ft. valued at around $35–50 billion, which 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.
Key Industry Players
Major companies operating in the rapid strength concrete market report are LafargeHolcim Ltd., Boral Limited, CEMEX S. A. B. de C. V, Fosroc Inc., Sika AG, Westbuild Products Pty Ltd., Aggregate Industries UK Ltd., BASF SE, Buzzi Unicem S. p. A., CTS Cement Manufacturing Corp., Perimeter Concrete Ltd., Instarmac Group plc, ACC Limited, Trumboo Industries Private Limited, Evecrete Construction Materials Private Limited, Tarmac Ltd., Aditya Birla Group Pvt. Ltd., Holcim Ltd., Hanson UK Ltd., Aev Crh Holdings Inc., Short Load Concrete Inc., Arkema SA, Euclid Chemical Company, QUIKRETE Companies, TITAN America LLC, Lafarge Canada Inc., Conmix Ltd., Mapei Corporation, Euromix Concrete Ltd.
The rapid strength concrete market report table of contents includes:
1. Executive Summary
2. Rapid Strength Concrete Market Characteristics
3. Rapid Strength Concrete Market Trends And Strategies
4. Rapid Strength Concrete Market – Macro Economic Scenario
5. Global Rapid Strength Concrete Market Size and Growth
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26. South America Rapid Strength Concrete Market
27. Brazil Rapid Strength Concrete Market
28. Middle East Rapid Strength Concrete Market
29. Africa Rapid Strength Concrete Market
30. Rapid Strength Concrete Market Competitive Landscape And Company Profiles
Top Major Players:
- LafargeHolcim Ltd
- Boral Limited
- CEMEX S. A. B. de C. V
- Fosroc Inc
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