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The high-strength concrete industry is driven by the rising demand for cement, aggregates, and admixtures from the building and construction sector. This surge in demand can be attributed to the rapid urbanisation in emerging economies. In addition, the thriving healthcare sector across the continents is likely to generate a high demand for concrete owing to the rising investments towards the development of hospitals, nursing homes, and ambulatory surgical centres, among others. Moreover, the increasing inclination of engineers and architects towards using construction materials with extremely high strength and toughness is anticipated to augment the market in the forecast period.
In November 2021, Holcim (OTCMKTS: HCMLY) announced the launch of DYNAMax high-performance concrete, which will provide durability along with extremely high strength. In addition to this, DYNAMax will enable resource efficiency and sustainability.
In terms of region, Europe is anticipated to witness a considerable growth in the forecast period. The market in the region is being driven by accelerated development and renovation of roads, schools, colleges, commercial buildings, and residential structures in the region. In addition to this, the stringent government regulations against the use of construction materials capable of degrading the environment is likely to provide impetus to the market. Furthermore, the growing focus to develop sustainable building materials, including high-strength concrete, is expected to further aid the market in the coming years.
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The major players in the global high-strength concrete market are Holcim Ltd., Sika AG, ACC Limited, CEMEX S.A.B. de C.V., Clayton Block Co., and Gulf Precast Concrete Co. LLC, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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