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By 2024, North America Rapid Strength Concrete Market to Grow at a Rapid Pace

Author : Rahul Varpe | Published Date : 2019-11-14 

Rapid Strength Concrete Market study added by Global Market Insights provides an in-depth analysis pertaining to potential drivers fueling this industry. The study also encompasses valuable insights about profitability prospects, market size, growth dynamics, and revenue estimation of the business vertical. The study further draws attention to the competitive backdrop of renowned market contenders including their product offerings and business strategies.

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.

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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.

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.

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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.

Rapid Strength Concrete Market by Application

  • Roads/bridges construction
  • Building/floors (residential, industrial and commercial)
  • Tunnels construction
  • Airfield construction
  • Highway construction
  • Others

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.

Related News: https://www.marketwatch.com/press-release/doors-market-2019---2024-growth-insights-by-product-material-and-application-2019-11-14

https://www.marketwatch.com/press-release/scope-of-steel-rebar-market-to-2024-global-industry-analysis-by-growth-and-trends-2019-11-14

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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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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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