-- The self-compacting concrete market by the building & construction segment is expected to rise at a CAGR of more than 5% over the projected time span. The product is widely applicable in the construction business, primarily in buildings in both residential and commercial sectors, due to its value-added advantages such as high productivity, low labor cost, and appeal value. Moreover, it doesn't involve vibration for settling and continues homogeneousness due to its high mobility and hence is likely to make a substantial input to the self-compacting concrete industry.
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In terms of revenue, Asia Pacific accounted for over 70% market share of the overall self-compacting concrete market in 2016. It is primarily due to instant industrial development, which is primarily due to growing population, which will propel the construction sector in Asia Pacific. The government is presently making regulations under structural reformation plans for the application of large projects to expand the total construction in the area that would positively affect the market during the forecast period.
Rapidly rising price of raw materials, such as fibers, admixtures, etc., and restrictions to use these products in the construction sector may hamper the self-compacting concrete market by 2024. Nevertheless, low labor cost, enhanced appeal, and low productivity stress of the product will drive self-compacting concrete industry.
Browse key industry insights report, “Self-compacting Concrete Market Size By Raw Material (Fine & Coarse Aggregates, Water, Cement, Admixture, Fibers), By Design Mix (Powder, Viscosity Agent, Combination), By Application (Concrete frames, Metal decking, Columns, Drilled shafts), By End-user (Building & Construction, Infrastructure, Oil & Gas), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/self-compacting-concrete-market
Viscosity agent segment of self-compacting concrete market was valued at over USD 4.5 billion in 2016. In this category, the amount of powder used is comparatively lesser, which indicates a high water to powder proportion. It helps in altering the concrete form at minute level and enhances stability and viscosity. However, it is used less in comparison to combination design mix due to its futile prices and comparable performance.
Robust demand for self-compacting concrete in the U.S. due to the increased drilling activities, which can be attributed to the fast pace of the petroleum industry will drive self-compacting concrete market during the forecast period. For example, as per World Oil, there would be an increase of over 27% in exploration & production activities in the U.S. Additionally, there would be a hike in drilling wells, which will reach over 18,500 in 2017. The product is mainly used in the petroleum industry in setting up pipelines, drilling shafts, etc., to acquire mineral deposits below the land or to transport crude oils/gas by setting up pipelines, which will positively influence self-compacting concrete industry during the forecast span.
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Main self-compacting concrete market shareholders are BASF, Sika, Unibeton, Buzzi Unicem, CEMEX, Ultratech Cement, ACC, and Breedon. The aforementioned companies are involved in acquisitions, mergers, and joint venture activities to advance its occurrence in the trade. For example, in July 2016, HeidelbergCement acquired Italy's Italcementi to create the world's second-largest cement group.
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