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Rapid Strength Concrete Market share research by applications and regions for 2017-2024
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Rapid strength concrete has ability to develop high resistance for chemical, abrasion and thermal resistance in less time which will further help in reducing project duration. Along with these properties, it also offers certain advantages like less maintenance, repair and extent services life of bridges, tunnels, highways, streets, and airfields. Rapid strength concrete has several product types with a wide range of strength and setting time which is propelling the market growth over the forecast period.
Growing demand for multi-story and high-rise infrastructure across the globe is augmenting construction and infrastructure activities. In addition, demand for better transportation in emerging and developed countries owing to boost in automotive industry will further drive the demand for rapid strength concrete. Moreover, government emphasis on its application as it has minimal carbon dioxide emission and environment-friendly nature is enhancing market growth.
It is mixed with minimal amount of water to develop compressive strength and high resistance within less time after application. Its ease of placing and time saving properties, offers constructors with better product in comparison to traditional concrete. It is majorly consumed for construction of roads and bridges which hold potential market share as government of several countries are investing in construction and infrastructural industry which is projected to drive the market over the coming years.
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The market is restricted by high cost of rapid strength concrete as compared to other available concrete in the market which is negatively impacting the market growth over the forecast period. Further, lack of awareness in developing economies, regarding its properties and advantages are posing challenge toward the global rapid strength concrete market growth.
Europe hold potential market share in term of volume consumption, rapid infrastructural development and recovering economy have enhanced the demand for construction & building industry of the region. Consumer demand in domestic market is increasing with declining rate of unemployment. The market is majorly dominated by Germany owing to growth in the non-residential construction such as dam, bridges, airport and roads significantly had augmented the overall demand for rapid strength concrete over the timeframe.
Asia Pacific which is one of the fastest growing market, increasing application of rapid strength concrete alternative of normal concrete will further enhance market growth. Expansion of low-cost novel products is estimated to provide high development opportunities to global players of rapid strength concrete market. The leading countries in the region are Japan, China and India, which is dominating the market and is likely to grow over the forecast period. Among these countries India is likely to grow owing to rising government initiative to construct metro, railway and road network which will in turn grow the rapid strength market over coming years.
The MEA is predicted to grow at a reasonable CAGR by the end of the forecast timeframe. The market is highly driven by growing multi story and high rise building majorly in Saudi Arabia region, due to rising construction and infrastructural building that is growing the regional market over the forecasted period. Whereas in Latin America the market is driven by Mexico and Brazil which is anticipated to expand at a moderate CAGR over the forecast timeframe.
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Prominent companies of global rapid strength concrete market are estimated to be highly competitive. Few of the primary players in the market include companies such as Boral Limited, CEMEX S.A.B. de C.V, CTS Cement, Emtek Ltd, Westbuild Group, Firth Industries, Holcim, Tarmac (a CRH company), Perimeter Concrete Ltd., Aggregate Industries UK Ltd., Instarmac Group plc, Short Load Concrete Inc, Westbuild Group, Buzzi Unicem SpA, BASF and Sika Corporation are the key participants of advanced ceramics market.
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