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2019 – 2024 | Self-Compacting Concrete Market is Anticipated to Witness Significant Growth from Construction Sector

Author : Rahul Varpe | Published Date : 2019-09-24 

The qualitative research study introduced by Global Market Insights on Self-Compacting Concrete Market Report provides primary Data, surveys, Scope of the Product and vendor briefings. The market dynamic forces have been determined after conducting a detailed study of the Global Self-Compacting Concrete market.

As per estimates, the overall construction spending is forecast to cross USD 13 trillion by 2023, almost double than what is recorded in 2015 (USD 7 trillion). The humungous figure, itself is enough to draw a positive picture of the growth opportunities likely to drive self-compacting concrete market size over the forecast period.

Driven by the considerable developments on the product front in tandem with expansive application landscape, the self-compacting concrete market is forecast to exceed a valuation of USD 30 billion by 2024.

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Self-consolidating concrete has lately become an indispensable component in modern construction activities, pertaining to some of its exceptional beneficiary features such as high segregation resistance and flowability. It is therefore quite indisputable that the growth in construction domain will leave a perpetual impact on self-compacting concrete market trends.

With increasing deployment of self-compacting concrete in constructional activities, the necessity of R&D investments to exploit the material’s fullest potential has become even more crucial. In fact, self-compacting concrete market giants have been showcasing a great deal of interest in diversifying their product portfolio in sync with the sustainability trends.

A plethora of driving factors including spreading awareness about sustainable buildings, green certification, and governmental standardization, collectively depicts that Eco-SCC, in all likeliness, would prove to be the next disruptive trend prevalent in self-compacting concrete market space.

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Self-compacting Concrete Market by Application:

  • Concrete frames
  • Metal decking
  • Columns
  • Drilled shafts
  • Others

Important pointers encompassed pertaining to the application spectrum:

  • Substantial details about the application spectrum are provided in the report.
  • The study mentions about the valuation estimate of each of the application categories in detail, by the end of the forecast period.
  • The market share that each of the application segments account are mentioned in the study.
  • The trends that the application landscape is defined by are also contained in the report.

Key players in the global self-compacting concrete market are CEMEX, Breedon Group, Sika AG, Tarmac Trading, Unibeton Ready Mix, BASF and LafargeHolcim. Some of these companies are forming strategic alliances with the small or medium scale players to improve its profitability. For instance, Tarmac acquired 50% share in ScotAsh to become the largest producer for construction materials in Europe in 2017.3

High raw materials price trends compared to its conventional counterparts along with limited utilization of the product in the infrastructural domain are claimed to be the two major constraints deterring self-compacting concrete market penetration across some of the geographies. Nonetheless, renowned biggies are set to explore various opportunities and challenges of the business fraternity in the ensuing years by investing in advanced technologies that not only ensures improved functionality but also competitive pricing.

Related News: https://www.marketwatch.com/press-release/south-korea-aerial-work-platform-awp-rental-market-2019-industry-growth-analysis-regional-forecast-to-2025-2019-09-24

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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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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