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Engineered Cementitious Composite (ECC) Market Growth Size 2023, Trends, Industry Analysis, Overview, Share And Forecast 2031 | Cemex, Sika Group, China National Building Material Co

01-31-2024 06:10 PM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

The global Engineered Cementitious Composite (ECC) market, valued at US$ 1.6 billion in 2022, is expected to witness substantial growth, reaching US$ 3.2 billion by the end of 2031. Analysts project a Compound Annual Growth Rate (CAGR) of 7.7% from 2023 to 2031. The surge in ECC adoption within the construction sector, driven by its sustainability and environmentally-friendly attributes, marks a significant factor contributing to market dynamics.

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Sustainable Construction Practices Propel ECC Market Growth
The increasing adoption of sustainable and eco-friendly materials in construction is a key driver for the ECC market. ECC's ability to reduce the carbon footprint of the built environment, owing to its self-healing properties, has become a major catalyst in shaping market dynamics.

The market is witnessing substantial investments in research and development by manufacturers to enhance product efficiency and create lucrative business opportunities. Collaborations with small-scale producers are also on the rise to scale up ECC production. However, the high cost of engineered cementitious composite is anticipated to pose challenges to market development in the coming years.

Engineered Cementitious Composite (ECC): A Versatile Construction Material
Engineered Cementitious Composite (ECC) is a specialized cement mixture with a composition of low-volume fibers and various composites, providing it with ductility, high tensile strength, and self-repairing capabilities. This versatile material finds applications in high-rise buildings, bridges, pavements, seismic retrofitting, and repair of existing structures.

The fibers used in ECC, such as polyvinyl alcohol (PVA), nylon, or steel, enhance the material's tensile strength and ductility, making it resistant to deformation. ECC's cementitious matrix is designed with a low water-cement ratio, resulting in a dense and impermeable material with high durability. The utilization of synthetic fibers in ECC contributes to reducing construction waste.

Demand Surge for High Tensile Strength and Sustainable Construction Materials
The popularity of ECC can be attributed to its unique properties, including self-healing, ductility, and high tensile strength. ECC's tensile strength is reported to be 500 times higher than that of standard concrete. Micromechanical interactions between fibers and the matrix drive the manufacturing of ECC, establishing these interactions as a key factor governing ECC behavior.

The construction industry's increasing awareness of the environmental impact of its activities has led to a rising demand for sustainable materials like ECC. ECC's use of recyclable materials and its eco-friendly attributes position it as a high-performance alternative to traditional concrete. As sustainability trends gain traction, the ECC market is expected to witness positive growth.

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Plasticizers Driving Growth in ECC Market
The global ECC market is segmented based on materials, with plasticizers holding a substantial 45.9% share in 2022. Plasticizers play a vital role in improving the ductility and toughness of ECC, allowing it to deform without fracturing, which is crucial in seismic-resistant construction. The increasing demand for plasticizers in the construction sector to enhance the durability and workability of concrete and other materials is contributing to market growth.

Regional Outlook
North America accounted for a significant share of 35.3% in the ECC market in 2022 and is expected to dominate the global landscape during the forecast period. The U.S. ECC market is poised for growth, driven by the adoption of sustainable construction practices.

In Asia Pacific, the rising demand for strong and durable building materials is fueling ECC industry growth. Increased awareness of ECC's excellent properties, such as high tensile strength, ductility, and self-healing, is contributing to market expansion in the region.

Analysis of Key Players
Leading players are expanding their businesses in untapped markets, particularly in developing countries, to increase their market share. Cemex, Sika Group, China National Building Material Co., Ltd., PRESTORUS LLC, Concrete Canvas Ltd., Precise Conchem, and Barefoot Concrete are the key entities operating in the global market. These players are following the latest engineered cementitious composite (ECC) industry trends to gain incremental opportunities.

Market Segmentation
Material
• Fiber
• PVA Fiber
• Polypropylene Fiber
• Natural Fiber
• Steel Fiber
• Others

Cement
• GGFBS
• Sand
• Fly Ash
• Plasticizer
• Others

Application
• Pavements
• Walls
• High Rise Buildings
• Roads
• Bridge Decks
• Others (Overlays, Joints, etc.)

Regions Covered
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

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