February 11, 2021
According to the research report titled ‘Global Ultra-high Performance Concrete Market Analysis, 2020’, available with Market Study Report LLC, worldwide ultra-high performance concrete market is expected to register 8.4% CAGR during 2020-2025.
The report claims that global ultra-high performance concrete market growth is driven by rapid expansion of road networks with growing connectivity to remote locations through bridges, increasing establishment of nuclear power plants, escalating demand for water management resources.
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Moreover, surging construction of high-rise buildings especially in Asia Pacific and Middle East is augmenting the industry growth. In addition, increasing refurbishment of buildings in North America and Europe are enhancing the overall market outlook.
The research report on global ultra-high performance concrete market also entails all the other important growth factors, lucrative prospects, as well as challenges shaping the industry dynamics over the study period. It also contains data regarding economic status of the top regions and their respective contribution to the overall market valuation.
Moving ahead, the business intelligence report discusses the key factors impacting vendor selection and issues encountered. It also analyses the domain in terms of several segment, including type of material, application spectrum, and geographical ambit. Moreover, it provides a holistic view of the competitive landscape of the vertical.
Based on type of material, global ultra-high performance concrete market is categorized into sand & quartz flour, admixtures, cement, and others. With respect to application scope, the industry is bifurcated into military, industrial, commercial, residential, and others.
Citing the regional landscape, Asia Pacific is projected to augment the overall ultra-high performance concrete industry size in the forthcoming years, creditable to growing residential skyline construction in economies like Malaysia, India, Indonesia, China, etc., to fulfill the escalating demand of the population. Further, development of power and water resources infrastructure in such economies is projected to boost adoption of ultra-high performance concrete in the region.
Meanwhile, soaring demand from North America, Europe, and Middle East market is anticipated to add to profit margins of manufacturers in the upcoming years.
Major contenders in worldwide ultra-high performance concrete market sphere are ceEntek Pte Ltd., Densit, Metalco s.r.l, UltraTech Cement Ltd., MC-Bauchemie, US Concrete, Inc., Sika AG, ACC Ltd., CEMEX S.A.B. de C.V., and LafargeHolcim Ltd.