November 17, 2021
According to the research report titled ‘Rapid Strength Concrete Market Size By Strength (0 To 40 MPa, 40 To 80 MPa, Above 80 MPa) By Application (Roads/Bridges, Building/Floors, Tunnels, Airfields, Highways) Industry Analysis Report, Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026’, available with MarketStudyReport, global rapid strength concrete market size is anticipated to expand considerably over the forecast timeframe 2020-2026.
As per the findings of the report, increasing infrastructure development projects across numerous economies is driving global rapid strength concrete market growth.
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For the unversed, rapid strength concrete (RSC) is a type of concrete that has the potential to strengthen quickly. Concrete strengths of more than 3,000 psi can be achieved in as little as two hours, because of which formwork removal is simplified, and building construction is performed rapidly, thus saving time and money. In addition, it permits the structure to become operational in less time as compared to other traditional approaches.
Apart from a wide range of usages in road repair activities, concrete is also utilized in other infrastructural activities such as reinstatements, ironwork backfilling, and commercial post/sign installations.
Based on strength, 0 to 40 Mpa segment accounted for a 60% volume share in 2019 and is expected to record significant growth over the study period, owing to surging product demand in construction of slabs & paths.
In terms of application scope of global rapid strength concrete market, buildings/floors category is predicted to record 7.5% CAGR throughout the forecast period, driven by growing real estate market for new buildings and commercial complexes.
From a regional perspective, as per the report, the geographies covered in the market report are North America (U.S., Canada), Europe (U.K., Germany, Spain, France, Italy, Russia), Asia Pacific (Japan, China, Malaysia, Indonesia, India, Australia), MEA (Saudi Arabia, Kuwait, South Africa, Qatar, UAE), and Latin America (Mexico, Argentina, Brazil).
Among the aforementioned, MEA rapid strength concrete (RSC) market currently holds a volume share of 10% and is slated to witness notable growth over 2020-2026, creditable to escalating infrastructure expenditure in the region.
Considering the competitive landscape, Cemex S.A.B. de C.V, Boral Ltd., Aggregate Industries UK Ltd., Bostik S.A., Perimeter Concrete Ltd., Short Load Concrete Inc., Sakrete (Oldcastle APG Inc.), Instarmac Group plc, Sika Corporation, Westbuild Group, Holcim Ltd., Perimeter Concrete Ltd., BASF SE, Evocrete Industries GmbH, Tarmac Holdings Ltd., and CTS Cement Manufacturing Corporation are among the major companies influencing the market trends.