Press release
Rapid Strength Concrete Market Growth Projections to 2024 – Boral, BASF, CEMEX, Tarmac, Sika, Bostik
Rapid Strength Concrete Market
Roads and bridges acquire more than 20% of the total Rapid Strength Concrete Market. Advanced development in the ongoing construction of roads and bridges in North America is going to propel the industry in the near future. Heavy construction activities for the repair and upgradation of bridges in the U.S. will considerably increase the market by over 6% CAGR till 2024.
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Increasing high-rise and multi-story construction operations across the globe will trigger the future growth and development of the rapid strength concrete market owing to its time-saving and higher strength advantages. Every government around the world is presently emphasizing on the use of environment-friendly construction materials, which would benefit the rapid strength concrete industry immensely.
Rapid strength concrete when added with small amount of water, acquires high resistance and compressive strength in a short span of its use. It is produced by carefully picking high quality materials and admixture. After the completion of mixture designing, it is placed, mixed, batched, cured and compacted to the highest industry benchmarks upon the sort of application. Product usage has several benefits such as removing of formwork at an initial construction process in minimal time and mending of road surfaces that becomes totally functional instantly after the completion of construction. This special and high-performance feature of the product will propel the rapid strength concrete market in the coming time frame.
Rapid Strength Concrete Market by Application
• Roads/bridges construction
• Building/floors (residential, industrial and commercial)
• Tunnels construction
• Airfield construction
• Highway construction
• Others
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The key players in the rapid strength concrete market share are Sika Corporation, Aggregate Industries, BASF, Boral Limited, Tarmac, Bostik, Sakrete, CEMEX, Perimeter Concrete Ltd, Westbuild Group, Short Load, Evecrete India, CTS Cements, Instarmac and Holcim Ltd. The aforementioned players are strategizing mergers and acquisitions with new and innovative products to increase the market efficiency. For instance, in April 2016, Sika Group acquired L.M. Scofield Company of Los Angeles, it's a concrete product producer to expand its product segment which will help boost company's development in the future.
Rapid strength concrete is a recent technology in the construction industry, therefore the awareness about the product is considerably low which may act as a limiting factor for the industry growth. Nevertheless, growing high rise buildings and mega projects globally will fortify the rapid strength concrete market till 2024.
Related News: https://www.globenewswire.com/news-release/2018/01/30/1314065/0/en/Rapid-Strength-Concrete-Market-to-cross-450bn-by-2024-Global-Market-Insights-Inc.html
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