The Global High Strength Concrete Market is estimated to grow at a CAGR of 10.12% to reach USD XX.XX million by 2020
— About High Strength Concrete:
High strength concrete is defined as a concrete composition that has higher compressive strength than traditional concrete (more than 6500 psi by American Standards and strength class higher than C50/60 by European Standards). This high-performance construction material, is manufactured just like traditional concrete, sans the increased use of pozzolans (fly ash or silica fume) and the comparatively lower water-cement ratio. It may also include specifically selected superplasticizers for increasing its workability.
The Global High Strength Concrete Market is estimated to be valued at USD XX.XX million in 2015, and it is expected to grow at a CAGR of 10.12% to reach USD XX.XX million by 2020.
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Owing to its superior properties and various benefits, such as significant reduction in the form-work area, self-weight and super-imposed dead load, and the required number of supports and the supporting foundations; high strength concrete is used extensively in the European and North American region for various construction activities, primarily in high-rise building, offshore structures, and highways.
In the global high strength concrete market report, we have considered the following major construction application areas: Commercial, Residential, Infrastructure, and others. The commercial concrete segment accounted for the majority of consumption in the global high strength concrete market in 2015.
The global high strength concrete market has been bifurcated according to the product type into Ready-mix/Pre-mix, Precast, and On-site (Fresh Mixed) segments. The market has also been divided according to the constituent type into Cement, Aggregates, Admixtures, and others. The market in the admixtures segment has been further sub-segmented into mechanical and chemical segments.
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This market is driven by a number of factors, such as the increased construction of high-rise buildings in Asia-Pacific and Middle Eastern countries, the improved long term performance and reduced MRO cost benefits of high strength concrete, and its superior resistance to natural and chemical damagers, which can cause thawing due to extreme temperatures and crack propagation. However, this market faces certain drawbacks, primarily the high costs associated with using high strength concrete, and the limited usage of high strength concrete in construction activities in emerging economies. The scenario in developing countries in Asia-Pacific, especially in India, is expected to change drastically in the coming years.
The market has also been geographically segmented on the basis of consumption into Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. The regions have further been bifurcated into countries. North America is the current leader in the world for high strength concrete, and is expected to grow at a CAGR of XX.XX% during the forecast period. The US led the market in the aforementioned region in 2014.
The gradually growing use of high strength concrete in precast construction applications in the Nordic countries (especially Norway), the recovering construction and housing sector in Europe, and the growing popularity of high strength lightweight concrete for constructing bridges in the recent years, are some of the major growth opportunities for the players in the global high strength concrete market.
The major producers in the global high strength concrete market include AfriSam, BASF SE, CEMEX Group, Clayton Block Co., Hope Construction Materials, Lafarge, The QUIKRETE Companies, Sakrete, Sika Group, Tarmac (CRH), U.S. Concrete Inc., and UltraTech Cement Limited,.
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Key Deliverables in the Study
• Market analysis for the Global High Strength Concrete Market, with region specific assessments and competition analysis on global and regional scales
• Market definition along with the identification of key drivers and restraints
• Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale
• Extensively researched competitive landscape section with profiles of major companies along with their market shares
• Identification and analysis of the macro and micro factors that affect the Global High Strength Concrete market on both global and regional scales
• A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
• A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
• Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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