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Global High-Strength Concrete Market to Grow at a CAGR of 4.10% During 2022-2027, Aided by the Rising Demand for the Product from the Building and Construction Sector

According to a new report by EMR titled, ‘Global High-Strength Concrete Market Report and Forecast 2022-2027’, the market is expected to grow at a CAGR of 4.10% between 2022 and 2027.

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.

Market Breakup by Constituent, Product Type, Application, and Region:

  • The market is segmented, based on constituent, into cement, aggregates, and admixtures.
  • Based on product type, the market has been divided into ready-mix/pre-mix, precast, and on-site (fresh mixed).
  • By application, the market is divided into commercial, residential, and infrastructure, among others.
  • Region-wise, the global market for high-strength concrete can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for high-strength concrete is being driven by the rapid urbanisation and increased renovation activities in residential and commercial sectors.
  • The growing innovations and rising investments in the building and construction sector, especially in emerging economies, are anticipated to augment the market in the forecast period.
  • In addition to this, the increased preference of engineers and architects towards construction materials with high strength and toughness is likely to augment the market.
  • The market is estimated to be further aided by the increasing settlements in the urban areas and growing efforts to increase the quality of living in the rural areas.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for high-strength concrete for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the constituents, product types, applications, and regions of high-strength concrete.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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