Rapid Strength Concrete Market Forecast | 2023-2028

Market Insights

The rapid strength concrete market is estimated to grow from USD 145.99 billion in 2022 to USD 231.57 billion by 2028 at an impressive CAGR of 7.93% during the forecast period.

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What is rapid strength concrete?

Rapid strength concrete is a type of concrete that gains strength quickly post-use. Rapid strength concrete provides strength above 3,000 psi which can be obtained in less than 2 hours of time. It is an alternative solution for the rehabilitation and preservation of aging infrastructure in lower time. Low volume consumption of natural resources, reduction in servicing duration of structures and pavements, and reduction in global carbon dioxide footprint are one of the key reasons behind the growth of the market.

Market Dynamics

These factors are expected to boost the demand for the market in the coming years:

• The rapidly expanding construction industry across the world and rapid industrialization and urbanization in developing economies.
• Increasing demand for the replacement of concrete in ageing structures and new projects in mature markets.
• Increasing infrastructure investment in emerging economies.

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Key Players

Some of the major rapid strength concrete manufacturers are-

• LafargeHolcim Ltd
• Boral Limited
• CEMEX S.A.B. de C.V
• Fosroc Inc.
• Sika AG
• Westbuild Group
• BASF SE
• Buzzi Unicem S.p.A.
• CTS Cements
• CRH plc

Segments Analysis

By Strength

The market is segmented as 0 to 40 MPa, 40 to 80 MPa, and above 80 MPa. The 0 to 40 MPa segment held the largest share of the market in 2022, and is expected to register the fastest growth during the forecast period. Residential buildings, floors, and apartments are the key application areas of the segment. Rising housing demand in emerging economies due to increasing population and improving socio-economic conditions are the key factors behind the dominance of the segment of the market.

By Application

The rapid strength concrete market is segmented as airport, building floor, dockyard, formed work, parking areas, rail network, road/bridges, and others. The road/bridges segment held the largest share of the market in 2022 and is expected to register the fastest growth during the assessment period. The dominance of the segment is mainly due to increasing highway construction activities across the world, and rapidly increasing road network in emerging economies.

Regional Insights

Europe is estimated to be the largest market during the forecast period with Germany, France, the UK and Russia being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by rising investments in infrastructural projects such as high-capacity transport infrastructure. Further, the increasing need for structural maintenance of the existing roads, rail, and waterway networks is also a key factor driving the growth of the region’s market.

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Segmentation

The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

The rapid-strength concrete market is segmented into the following categories:

By Strength:

• 0 To 40 MPa
• 40 To 80 MPa
• Above 80 MPa

By Application:

• Airport
• Building Floor
• Dockyard
• Formed Work
• Parking Areas
• Rail Network
• Road/Bridges
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the strength types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.