Austin, TX, US, May 18, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “High Strength Concrete Market Size, Trends and Insights By Product Type "(Ready-mix/Pre-mix, Precast concrete, On-site), By Application (Underground Construction, Inground swimming pool Commercial, Residential, Infrastructure, Other Applications), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand for global High Strength Concrete Market size & share was valued at approximately USD 169 Billion in 2022 and is expected to reach USD 211.36 Billion in 2023 and is expected to reach a value of around USD 507.9 Billion by 2030, at a compound annual growth rate (CAGR) of about 5.0% during the forecast period 2023 to 2030.”
High-strength concrete is defined as concrete with a specified compressive strength of 55 MPa (8000 psi) or higher. It has a compressive strength of over 69 MPa (10,000 psi) and is routinely produced daily. It has many vital attributes, widely preferred in various end-use industries. For instance, it has high strength and resilience compared to an average concert and is resistant to uncertain environmental factors. As a result, it has a wide range of applications in various end-use industries, including building & construction, residential, commercial, and others.
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Market Drivers.
Robust demand from the building and construction sector
The high strength concrete is a very agile material and makes the building structure less porous, which increases the bond strength and also helps in lowering the construction time and reducing costs owing to which it is widely used in the repair and construction activity. In response to this, increasing demand from the building & construction sector is one of the critical factors responsible for the growth of the global high-strength concrete market.
Market Restraints
Lack of technology and skilled labor
However, unfamiliarity with making high-strength concrete technology and lack of awareness regarding high-strength concrete methods and techniques will affect the overall market growth.
Opportunities.
Development of bridges
High strength is preferred over conventional concrete material due to its low volatile organic content. Therefore, high-strength concrete is used extensively in the bridges and construction sector as it is resistant to corrosion, scratch, and chemical spill and possesses high strength. For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025.
Furthermore, advancement in concrete technology and the availability of raw materials has spurred the usage of high-strength concrete. These factors are anticipated to increase the demand for high-strength concrete in the construction sector.
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Challenges
High production cost
The high installation and machine costs will be challenging in the high-strength concrete market. In response to this, the need for more skilled labour and technical knowledge regarding the installation of the shotcrete technique will restrain the overall market.
Report Highlights.
The segment includes ready-mix/pre-mix, precast concrete, and on-site based on product type.
The segment dominated the market in 2021 and is expected to grow with a total share of 28% over the forecast period. In on-site-based high-strength concrete, ingredients, including water, are mixed before introduction into the buildings. Furthermore, the on-site high-strength concrete has a higher water-holding capacity than the pre-mix. These factors are escalating the demand for the on-site-based high-strength concrete market during the forecast period. In addition, the growing population led to a rise in demand for building and construction where on-site high-strength concrete is used for making columns, walls, and slabs.
Furthermore, the on-site high-strength concrete is preferred over any other type owing to its various benefits, such as controlling water content, easy spraying, and adding mixtures per design requirements during the mix preparation. These factors are coupled to enhance the market growth in the upcoming years.
The segment includes commercial, residential, infrastructure, and other applications based on application. It is expected that the global building and construction segment to hold a dominant position during 2022 -2031. It is growing at the fastest CAGR and had 35% of the total share during the forecast period.
The construction industry is expected to be a significant driving factor for the solid concrete market in the upcoming years. For instance, according to a report published by Marsh and Oxford Economics, the global construction industry is forecast to grow 42% to $15trn by 2030.
High-strength concrete is especially preferred over conventional concrete due to its high strength, resistance to uncertain weather, and high resilience. This factor is anticipated to drive the market in the coming years. Furthermore, an increase in underground construction activities, a surge in underground transport, and government initiation and investment in the construction activity drive the overall market growth.
(A free sample of the High Strength Concrete report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the High Strength Concrete report has been modified to include the COVID-19 impact study prior to delivery.)
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Regional Insights.
Asia-Pacific is the dominant region in the high-strength concrete market and accounts for 35%. Countries such as China, India, Japan, and other countries are declared densely populated, which in turn leads to a rise in the demand for building and construction activity. This factor is expected to be one of the key drivers responsible for market growth.
According to data published by Invest India in September 2022, cement production (weight: 5.37 %) increased by 2.1 % in July 2022 over July 2021. Its cumulative index increased by 13.3 % from April to July 2022-23 over the corresponding period of the previous year. This factor is anticipated to drive the market in the Asia-Pacific region.
Moreover, China’s bridge, tunnel, and construction activity are expected to grow at a rapid pace owing to the rapid increase in population, industrialization, urbanization, and government support for the construction sector has spurred the overall market growth.
For instance, according to an article published by IBIS World in the year March 2022, the bridge, tunnel, and subway construction industry in China has been multiplying over the past five years, where industry revenue is expected to rise at an annualized 9.7% over the five years through 2022. In addition, Industry firms are set to generate $1.6 trillion in 2022.
The industry is generally profitable as the government controls many construction enterprises, particularly large-scale firms, and assists firms with various preferable policies
Key questions answered in this report:
- What is the size of the High Strength Concrete market and what is its expected growth rate?
- What are the primary driving factors that push the High Strength Concrete market forward?
- What are the High Strength Concrete Industry's top companies?
- What are the different categories that the High Strength Concrete Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the High Strength Concrete market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 126.56 Billion |
| Projected Market Size in 2030 | USD 507.9 Billion |
| CAGR Growth Rate | 5.0 % CAGR (2022-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Prominent Players | BASF SE, CEMEX SAB DE C.V., Ultratech Cement Ltd, ACC Limited, Clayton Block Co., Godrej & Boyce Mfg. Co. Limited, U.S. Concrete Inc., Gulf Precast Concrete Co. LLC, LafargeHolcim, Sakrete, Sika AG, TAKTL, Tarmac, The Quikrete Companies, and Others |
| Key Segment | By Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Players
- BASF SE
- CEMEX SAB DE C.V.
- Ultratech Cement Ltd
- ACC Limited
- Clayton Block Co.
- Godrej & Boyce Mfg. Co. Limited
- S. Concrete Inc.
- Gulf Precast Concrete Co. LLC
- LafargeHolcim
- Sakrete
- Sika AG
- TAKTL
- Tarmac
- The Quikrete Companies
- Others
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(We customized your report to meet your specific research requirements. Inquire with our sales team about customizing your report.)
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Segments covered in the report
By Product Type
- Ready-mix/Pre-mix
- Precast concrete
- On-site
By Application
- Underground construction
- Inground swimming pool Commercial
- Residential
- Infrastructure
- Other Applications
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On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
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Spectacular Deals
- Comprehensive coverage
- Maximum number of market tables and figures
- The subscription-based option is offered.
- Best price guarantee
- Free 35% or 60 hours of customization.
- Free post-sale service assistance.
- 25% discount on your next purchase.
- Service guarantees are available.
- Personalized market brief by author.
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This High Strength Concrete Market Research/Analysis Report Contains Answers to the following Questions.
- What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This High Strength Concrete Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the High Strength Concrete Market? What Was the Capacity, Production Value, Cost and PROFIT of the High Strength Concrete Market?
- What Is the Current Market Status of the High Strength Concrete Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of High Strength Concrete Market by Considering Applications and Types?
- What Are Projections of the Global High Strength Concrete Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is High Strength Concrete Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On High Strength Concrete Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of High Strength Concrete Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for High Strength Concrete Industry?
Click Here to Access a Free Sample Report of the Global High Strength Concrete Market @ https://www.custommarketinsights.com/report/high-strength-concrete-market/
Reasons to Purchase High Strength Concrete Market Report
- High Strength Concrete Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- High Strength Concrete Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- High Strength Concrete Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- High Strength Concrete Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global High Strength Concrete market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide High Strength Concrete market analysis.
- The competitive environment of current and potential participants in the High Strength Concrete market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide High Strength Concrete market should find this report useful. The research will be useful to all market participants in the High Strength Concrete industry.
- Managers in the High Strength Concrete sector are interested in publishing up-to-date and projected data about the worldwide High Strength Concrete market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in High Strength Concrete products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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