Selbyville, Delaware, Nov. 14, 2023 (GLOBE NEWSWIRE) — The Ultra-high Performance Concrete Market could cross a valuation of USD 700 Mn by 2032, according to the latest reportRequest for a sample of this research report @The admixtures material segment is expected to account for significant revenue of the ultra-high performance concrete market by 2032. This is attributed to the growing importance of admixtures in architectural and structural applications to help achieve complex designs and shapes as they are easier to place, mold, and finish.  The rising usage of UHPC admixtures in optimizing mix designs with improved dispersion of fine materials, enhanced packing of particles, and reduced water demand to render superior workability, strength, and durability will also drive the segment growth.
Rising potential in industrial applicationsUltra-high performance concrete market size from the industrial application segment is slated to record appreciable growth rate from 2023-2032 driven by higher usage for floors, machine foundations, bridges, tanks and silos and wastewater treatment structures across the petrochemical and manufacturing industries. Owing to its significantly higher compressive strength compared to traditional concrete, ultra-high performance concrete is employed in applications with extreme loads, heavy machinery and high impact forces across industrial settings. Advantages, such as enhanced integrity as well as resistance to wear, tear and abrasion in industrial flooring and surfaces that are subjected to heavy foot traffic, forklifts, and industrial vehicles will also contribute to the product adoption.Europe ultra-high performance concrete market size is likely to reach significant revenue share by the end of 2032 driven by the surging focus on sustainable construction. Of late, several European governments and organizations are continuously investing in infrastructure projects, such as bridges, tunnels, and high-performance buildings, further adding to the UHPC demand. To cite an instance, in June 2023, The European Investment Bank (EIB) pledged €50M (£43M) for building temporary bridges in Ukraine. The presence of well-established standards and regulations to ensure consistency and quality in construction projects will also favor the regional industry growth.
(GlobeNewsWire)