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Self-compacting concrete market to depict appreciable growth prospects over 2019-2024, North america to emerge as a prominent revenue pocket

Author : Rahul Varpe | Published Date : 2019-03-26 

Self-Compacting Concrete Market share for viscosity agent design mix is anticipated to rise at over 4.5% CAGR in the near future. In this type, lower powder quantity is used which is approximately 350-450 kg/m3 which results in higher water/cement ratio and high water/powder ratio. It is characterized by modifying concrete structure at a microscopic level, enhancing viscosity and improving stability, but is preferred less compared to combination owing to its cost ineffectiveness.

Self-compacting Concrete Market is poised to surpass USD 30.2 billion. Strong product demand in North America which is attributed to rising drilling activities majorly due to growing oil & gas industry will make substantial contribution to self-compacting concrete market by 2024. For example, according to World Oil, drilling activities in the U.S. will increase by 26.8% in 2017 and henceforth augmenting drilling wells count to 18,552.

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Asia Pacific self-compacting concrete market attained the highest market and was valued over USD 14 billion in 2016. This is mainly due to rapid industrialization and urbanization which is chiefly due to rising population pace which will drive construction industry in the region in the near future. Government has been forming policies under structural reform plans to implement large projects in order to improve the overall infrastructure in the region which will positively influence the self-compacting concrete market by 2024.

Product is extensively used in oil & gas industry mainly in drilling shafts, pipelines, etc. to recover reserves beneath the ground, or to set up pipelines for transporting crude oil/gas from one place to another which will make prominent contribution to the self-compacting concrete market in the forecast timespan.

High cost of raw material including admixture, fibers, etc. and restricted product use in infrastructure sector may hinder self-compacting concrete market by 2024. However, better aesthetic value, low yield stress and reduced labor cost of product compared to conventional concrete will to generate growth avenues for self-compacting concrete market by 2024.

In terms of revenue, admixture for self-compacting concrete market was valued over USD 10 million in 2016. These are mineral admixtures which comprise of fly ash, hydrated lime, silica fume and ground blast furnace slag. It also constitutes chemical admixture which includes super plasticizers, viscosity modifying agents, etc. They possess properties similar to concrete which enhances the strength and density of finished concrete and henceforth augment the overall performance of concrete in the longer run which will make noteworthy contribution to self-compacting concrete market by 2024.

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Key self-compacting concrete market share contributors are Sika, BASF, Buzzi Unicem, Unibeton, Ultratech Cement, CEMEX, Breedon and ACC. Industry players are engaged in joint venture, acquisition and merger activities to improve its presence in the business. For example, in July 2010, Buzzi Unicem fully acquired Dyckerhoff, a German based company to strengthen its presence in Europe.

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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