Rapid Strength Concrete Market Showing 7%CAGR Growth to 2024: Company Profiles & Trends Analysis

MaketStudyReport.com adds a New Rapid Strength Concrete Market Research Report for the period of 2017 - 2024 that shows the growth of the market is rising at 2024.

Rapid Strength Concrete Market will cross USD 450 billion by 2024, according to a new research report.

The robustly expanding construction sector across the globe will propel rapid strength concrete market in the years ahead. The increasing requirement of concrete in numerous residential and commercial building construction projects is also certain to augment rapid strength concrete industry size, slated to generate a revenue more than USD 450 billion by the end of 2024. Most of big shots in the construction industry are giving preference to rapidly setting concrete for minimizing construction time and associated costs. Regional governments have also been making substantial investments in the development of mega construction projects that will enhance rapid strength concrete market outlook over the coming timeframe.

Rapid industrialization and urbanization across the globe has led to a spur in the construction arena, demanding the deployment of strong concrete products. However, lesser product awareness among the masses may lead to a slight hindrance in the growth of rapid strength concrete market.

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Based on the application spectrum, rapid strength concrete market is segregated into tunnels, highways, roads, buildings, and airfields. Highways, among these, will be one of the most profitable avenues for this business space. Rapid strength concrete market share from highways is expected to register a CAGR of more than 6.5% over the coming six years, owing to increasing investment in development and renovation of highways for improving tourism. Elaborating further on the application landscape, rapid strength concrete market size from buildings, in 2016, was pegged at USD 80 billion, pertaining to the heavy investments in construction activities across developing countries including India and Brazil. The growing demand for fast-setting concrete to save costs and time is one of the essential factors driving rapid strength concrete industry outlook from buildings.

According to the Asian Development Bank, over the coming fifteen years, Asia Pacific plans to invest USD 26 trillion in construction sector. The region is one of most booming avenues for the construction industry, gradually fueling APAC rapid strength concrete industry size, which in 2016, was declared to be around USD 50 billion. Considerable spending in construction projects such as buildings, roads, tunnels, dockyards, and airport highways mainly across China, India, and Japan is also anticipated to augment APAC rapid strength concrete market.

Well-known players in rapid strength concrete industry are looking forward to generating mainstream awareness about the product in order to expand their regional reach. Technological advancements leading to the development of innovative products are also expected to aid companies in scoring a competitive edge over their rivals. Most companies, incidentally, have been working toward fulfilling user requirements to expand their consumer pool.
Some of the notable players in rapid strength concrete market are Boral Limited, BASF, Perimeter Concrete Ltd., Aggregate Industries, Perimeter Concrete Ltd., CEMEX, Bostik, Westbuild Group, Sakrete Concrete, Evercrete Construction Materials Pvt. Ltd., Tarmac, Instarmac, Short Load, Holcim Ltd., CTS Cement, and Sika Corporation.

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