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Self-Compacting Concrete Market Forecasts to 2024 and Analysis:Global Market Insights

06-29-2017 09:25 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights Inc.

Self-Compacting Concrete Market Forecasts to 2024

Self-Compacting Concrete Market size has seen a substantial growth owing to up surge in construction industry coupled with engineering advantages and aesthetics will drive the industry growth. The key factors driving the industry are the improved air quality, significant reduction in MRO costs and non-requirement of vibration process in laying SCC along with eco-friendly process which is less harmful to the environment. Its improved durability and noise free construction features will be major indicators to fuel the self-compacting concrete market. Rapidly growing repairing activities of old buildings and quickly expanding in construction industries in both developed and developing economies will foster the market demand.

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Self-compacting concrete (SCC) can flow under its own weight and fills the form work without applying any vibrating machines and huge work force which reduces the total cost. Some of the advantages in using SCC in building & construction sector are improved quality & strength, reduced vibration, faster development and low clamor level will further enhance the product demand. However, limited usage of the product in infrastructure activities and high cost associated with using SCC may restrain the self-compacting concrete market over the forecasted years.

SCC is manufactured in the same way as old traditional concrete without adding viscosity modifying admixtures and super-plasticizers. It is a high flow construction and high-performance material. Moreover, rising usage of SCC in precast and repairing activities will impel the self-compacting concrete market.

Raw materials required for manufacturing self-compacting concrete are fine & coarse aggregates, fibres, fly ash, admixtures, water and cement. The product is available in distinct designs which include powder type, viscosity agent and combination type. Amongst, combination type is the fastest growing design segment owing to property of effectively balancing the moisture fluctuations during solid blocks production process.

Self-compacting concrete is used for marking concrete frames, metal decking, columns and drilled shafts. Among these, concrete frames application holds the largest market share and is anticipated to witness the same trend due to upsurge in demand of specific complex design desired by the customers in construction industry.

End-use industry for self-compacting concrete market include building & construction, oil & gas and infrastructure. Construction industry holds the fastest growing application segment owing to rise in building activities in both developed and developing countries.

North America self-compacting concrete market is predicted to grow at moderate rate as the region suffered with the crisis in residential and commercial sector.

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Europe, led by Germany is the fastest growing region for self-compacting concrete market owing to increased construction activities. The region is expected to witness a high demand due to rising precast activities along with gradually recovering housing and construction sector.

Asia Pacific self-compacting concrete market is expected to witness significant growth urbanizing with growing transportation & power industry in India and escalating investment in building industry in China will flourish the market demand.

The Middle East and Africa region will be the fastest growing self-compacting concrete market over the forecasted years. Rapidly rising oil & gas and construction industry in this region will augment the SCC market. Growing industrialization is the key reason to propel the product market.

Global self-compacting concrete market is moderately consolidated in nature. Several well-known participants operating in the field are Unibeton Ready Mix, Ultratech Cement, Tarmac, Sika Group, Lafarge, Cemex and BASF SE.

Numerous market leaders are trying to develop new product & technology and mergers & acquisitions strategies to expand their product portfolio and to sustain in the market. In 2016, Sika Group introduced an innovative technology named. ‘Sika Viscocrete’ for SCC. Using the technology enables high strength, easy finishing, significant water reductions, excellent SCC properties and consistent slump & flow in SCC.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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