Selbyville, Delaware, Feb. 07, 2022 (GLOBE NEWSWIRE) —
The rapid strength concrete market is expected to surpass US$ 212 billion by 2027, as reported in a research study by Global Market Insights Inc. Increasing spending on concrete road construction projects will provide impetus to the industry.
The rapid strength concrete market will showcase significant growth through 2027 due to increasing demand for concrete road construction across the globe. Rapid strength concretes are versatile and most durable products, which can be effectively used in road construction projects. In emerging countries, concrete is preferably used for paving highways, tunnels, and airports owing to its stress-bearing capacity, low maintenance, and high-temperature resistivity.
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Based on strength, above 80 MPa strength concrete segment is expected to reach USD 33 billion by 2027. Growing applications of box culverts, multi-sided structures, traffic barriers, bridge elements, pavements, etc., in the transportation industry will augment product demand. The rapid expansion of rail & road transport systems, specifically in Asia Pacific and Latin America, is likely to boost the overall market demand.
The infrastructure sector is forecast to grow at a CAGR of around 8.8% through 2027. Due to its high stability, rapid strength concrete is considerably used in the construction of infrastructure projects include bridges, tunnels, highways, airfields, etc. Moreover, favorable government policies are likely to boost sustainable development projects in the coming years. For instance, the Government of India has taken initiatives to develop new greenfield airport projects under the Regional Connectivity Scheme with Public-Private Partnerships (PPP), which will create market opportunities throughout the projected period.
The Asia Pacific rapid strength concrete market will gain sizeable growth and is likely to capture nearly 11% share by 2027. The rising demand for sustainable building materials, specifically in civil and commercial construction projects, will thrive product consumption in the coming years. Moreover, increasing investments in the transportation & infrastructure industries will stimulate economic growth across the region, which will further augment the overall industry size in the coming years.
Key industry leaders in the global rapid strength concrete industry are BASF SE, Sika Corporation, CTS Cement, Cemex S.A.B, and Tarmac.
Some of the major findings in the Global Rapid Strength Concrete Market report include:
- Increasing demand for sustainable buildings and eco-friendly construction will proliferate new market opportunities.
- Rapidly growing building construction activities across developing regions will augment the industry size.
- Rising concerns of water scarcity will create product demand as it requires minimal water to develop compressive strength and significant resistance.
- Key industry participants are investing in research & innovation, capacity expansion, and Merger & Acquisition (M&A) to obtain competitive advantages in the market.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Rapid Strength Concrete market 360° synopsis, 2017 – 2027
2.1.1 Business trends
2.1.2 Strength trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Rapid Strength Concrete Market Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2017 – 2027
3.2.1 Covid-19 impact on Industry size
3.3 Industry ecosystem analysis
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.2 Industry pitfalls & challenges
3.5 Regulatory landscape
3.5.1 North America
3.5.3 Asia Pacific
3.6 Growth potential analysis
3.7 Regional price trends
3.8 Cost structure analysis
3.9 Competitive landscape, 2020
3.10 Porter’s analysis
3.11 PESTEL analysis
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.