+1-888-308-5802     
News Contact Us

Self-compacting concrete market to generate $ 30.2 bn revenue by 2024, U.S. & APAC to emerge as crucial revenue grounds

Author : Rahul Varpe | Published Date : 2019-05-20 

Asia Pacific Self-Compacting Concrete Market is governed by a stringent regulatory frame of reference enforced by authorized bodies that have implemented favorable policies under the structural reform plan. Pertaining to the massive industrialization and urbanization across the continent, APAC self-compacting concrete market pegged a valuation of USD 14 billion in 2016 and is likely to record a decent growth pace over 2017-2024.

Asia Pacific is slated to be one of the most lucrative avenues for self-compacting concrete industry growth, given the strong pipeline of constructional projects across major countries like China. Statistics depict, with China at the forefront, APAC belt is forecast to account for almost 60% of the overall construction expenditure by 2025.

Request for a sample copy of this report @ https://www.gminsights.com/request-sample/detail/1717

The competitive matrix of self-compacting concrete market is all inclusive of top notch companies that have been heavily investing in strong alliances to come up with innovative solutions that are not only efficient but also environmentally viable. For instance, Tarmac, one of the most acclaimed U.K. based sustainable material group, recently acquired the remaining 50% share of Scottish Power, under the long-standing ScotAsh joint venture.

Reportedly, through the deal, the self-compacting concrete market giant would get full proprietorship of ScotAsh. Experts claim this agreement to be highly strategic from Tarmac’s end, given its long term plan of widening its customer base with cutting-edge products, tapping the superfluity of expertise from both the organizations. The pipeline of such innovative projects on-board has undoubtedly sent out waves of expectations in self-compacting concrete industry.

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.

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 picture of the growth opportunity of self-compacting concrete industry over the forthcoming period.  

Make an Inquiry for purchasing this Report @ https://www.gminsights.com/inquiry-before-buying/1717

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

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

Related News

Construction Composite Market to register an appreciable growth rate through 2025

Published Date: 2019-11-22         Author: Rahul Varpe

Global Market Insights, Inc. has recently added a new report on construction composite market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of construction composite industry. Extensive construction activities due to the increasing per capita ... Read More

Performance Elastomers Market Growth Statistics & Regional Forecast, 2019-2024

Published Date: 2019-11-22         Author: Rahul Varpe

The latest trending report on global performance elastomers market research offered by Global Market Insights, Inc is an informative study covering the market with detailed analysis, the report will assist reader with better understanding and decision making. Growing consumer preferences and... Read More

Laser Materials Market Growth Statistics & Regional Forecast, 2019-2024

Published Date: 2019-11-22         Author: Rahul Varpe

The latest trending report on global Laser Materials Market research offered by Global Market Insights, Inc is an informative study covering the market with detailed analysis, the report will assist reader with better understanding and decision making. The laser based materials have been pop... Read More

© 2019 Fractovia. All Rights Reserved