Self-Compacting Concrete Market By Regional Manufacturers Sika, ACC Limited, Ultratech Cement, BASF
Self-compacting Concrete Market is poised to surpass USD 30.2 billion. Strong product demand in North America which is attributed to rising drilling activities majorly due to growing oil & gas industry will make substantial contribution to self-compacting concrete market by 2024. For example, according to World Oil, drilling activities in the U.S. will increase by 26.8% in 2017 and henceforth augmenting drilling wells count to 18,552.
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Asia Pacific self-compacting concrete market attained the highest market and was valued over USD 14 billion in 2016. This is mainly due to rapid industrialization and urbanization which is chiefly due to rising population pace which will drive construction industry in the region in the near future. Government has been forming policies under structural reform plans to implement large projects in order to improve the overall infrastructure in the region which will positively influence the self-compacting concrete market by 2024.
Self-compacting concrete market by raw material
• Fine & coarse aggregates
Self-compacting concrete market of design mix by application
o Concrete frames
o Metal decking
o Drilled shafts
• Viscosity agent
o Concrete frames
o Metal decking
o Drilled shafts
o Concrete frames
o Metal decking
o Drilled shafts
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Product is extensively used in oil & gas industry mainly in drilling shafts, pipelines, etc. to recover reserves beneath the ground, or to set up pipelines for transporting crude oil/gas from one place to another which will make prominent contribution to the self-compacting concrete market in the forecast timespan.
High cost of raw material including admixture, fibers, etc. and restricted product use in infrastructure sector may hinder self-compacting concrete market by 2024. However, better aesthetic value, low yield stress and reduced labor cost of product compared to conventional concrete will to generate growth avenues for self-compacting concrete market by 2024.
In terms of revenue, admixture for self-compacting concrete market was valued over USD 10 million in 2016. These are mineral admixtures which comprise of fly ash, hydrated lime, silica fume and ground blast furnace slag. It also constitutes chemical admixture which includes super plasticizers, viscosity modifying agents, etc. They possess properties similar to concrete which enhances the strength and density of finished concrete and henceforth augment the overall performance of concrete in the longer run which will make noteworthy contribution to self-compacting concrete market by 2024.
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Key self-compacting concrete market share contributors are Sika, BASF, Buzzi Unicem, Unibeton, Ultratech Cement, CEMEX, Breedon and ACC. Industry players are engaged in joint venture, acquisition and merger activities to improve its presence in the business. For example, in July 2010, Buzzi Unicem fully acquired Dyckerhoff, a German based company to strengthen its presence in Europe.
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