Rapid Strength Concrete Global Market Report 2024

Rapid-strength concrete refers to a type of concrete mix that achieves hardening and strength at a faster rate compared to standard mixes. It is commonly employed for maintenance, repair, and extending the service life of structures such as bridges, airfields, tunnels, highways, and city streets.

The main categories of rapid-strength concrete are categorized as under C30, C30-C60, and above C60. Under C30 is a commercial concrete mix suitable for outdoor projects like pavements. The different strength classifications include 0 to 40 MPa, 40 to 80 MPa, and above 80 MPa. These varying strengths find applications in diverse areas such as airports, building floors, dockyards, formwork, rail networks, and road/bridges.

The rapid-strength concrete market research report is one of a series of new reports that provides rapid-strength concrete market statistics, including rapid-strength concrete industry global market size, regional shares, competitors with a rapid-strength concrete market share, detailed rapid-strength concrete market segments, market trends and opportunities, and any further data you may need to thrive in the rapid-strength concrete industry. This rapid-strength concrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The rapid strength concrete market size has grown strongly in recent years. It will grow from $265.46 billion in 2023 to $286.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth observed in the historical period can be attributed to factors such as an increased demand for construction materials, a growing need for the renovation of existing buildings and structures, an urgency for quick construction and repair in infrastructure projects, an increased need for minimizing downtime, and a demand for high-performance concrete in critical applications. These factors have collectively contributed to the adoption and utilization of rapid-strength concrete in various construction and infrastructure projects.

The rapid strength concrete market size is expected to see strong growth in the next few years. It will grow to $385.78 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The anticipated growth in the forecast period can be attributed to factors such as the expansion of the construction industry in emerging markets, the adoption of rapid-strength concrete in precast and modular construction, a rising demand for sustainable and eco-friendly construction materials, the integration of advanced curing techniques for faster concrete strength development, and government initiatives for rapid and efficient infrastructure development. Major trends expected in the forecast period include the development of self-compacting rapid-strength concrete, customization of rapid-strength concrete, the use of novel materials and additives, the application of 3D printing technology, and collaboration between construction companies and material suppliers.

The rapid growth of the rapid-strength concrete market is attributed to the increasing demand for sustainable buildings and eco-friendly construction practices. Sustainable buildings, focused on reducing carbon emissions, conserving energy, and preserving water, are driving the adoption of rapid-strength concrete for enhanced structural integrity. A noteworthy example is the surge in demand for green buildings in India, which is expected to double by 2022, reaching 10 billion sq. ft. valued at approximately $35-50 billion. This growth aligns with the broader goal of achieving net-zero greenhouse gas emissions by 2050, highlighting the pivotal role of rapid-strength concrete in sustainable construction practices.

Furthermore, the market is anticipated to benefit from heightened investments in the repair and maintenance of transport infrastructure. Allocations for the upkeep, restoration, and preservation of transportation networks, including roads, bridges, railways, and public transit systems, are driving the use of rapid-strength concrete in efficient road repair. With approximately 43% of public roads in the United States rated as poor or mediocre due to wear and tear, and a substantial backlog of $1.01 trillion for road and bridge repairs in 2021, increased spending in this sector is poised to fuel the growth of the rapid-strength concrete market.

Key trends in the market include technological advancements that seek to bolster the position of companies in the rapid-strength concrete sector. Notably, the introduction of PolyCC by the National Research Development Corporation in India represents a fast-setting and high-strength polymer concrete composite designed for swift road repairs. This innovative solution, based on unsaturated polyester resin, achieves robust compressive strength in under two hours, facilitating quick repairs of runways, helipads, and bunkers without the need for water.

Major players in the market are focusing on developing advanced products to maintain a competitive edge. For instance, Meon Limited, a UK-based civil engineering company, unveiled HardMaster W910, a user-friendly pre-blended mixture of rapid-strength concrete. With applications in ironwork backfilling, haunching, and post installations, this concrete allows for rapid early strength development and a return to service within just 90 minutes. Such innovative products underscore the industry's commitment to accelerating construction timelines.

In April 2021, Holcim Participations (US) Inc., a subsidiary of the Holcim Group, a US-based building material company, acquired Firestone Building Products. This acquisition positions Holcim Participations Inc. as a global leader in flat roofing systems, expanding its presence from the US to Europe and Latin America. Firestone Building Products, a US-based manufacturing company, complements Holcim's endeavors in the building materials sector.

Major companies operating in the in the rapid strength concrete market report are LafargeHolcim Ltd., Boral Limited, CEMEX S. A. B. de C. V, Fosroc Inc., Sika AG, Westbuild Products Pty Ltd., Aggregate Industries UK Ltd., BASF SE, Buzzi Unicem S. p. A., CTS Cement Manufacturing Corp., Perimeter Concrete Ltd., Instarmac Group plc, ACC Limited, Trumboo Industries Private Limited, Evecrete Construction Materials Private Limited, Tarmac Ltd., Aditya Birla Group Pvt. Ltd., Holcim Ltd., Hanson UK Ltd., Aev Crh Holdings Inc., Short Load Concrete Inc., Arkema SA, Euclid Chemical Company, QUIKRETE Companies, TITAN America LLC, Lafarge Canada Inc., Conmix Ltd., Mapei Corporation, Euromix Concrete Ltd.

Europe was the largest region in the rapid strength concrete market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rapid strength concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the rapid strength concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The rapid strength concrete market consists of sales of tricalcium silicate, dicalcium silicate, tricalcium aluminate, and tetracalcium aluminoferrite. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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