Self-Compacting Concrete Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Self-consolidating or self-compacting concrete refers to a blend which comprises moderate viscosity, good resistance to segregation, high deformability, and low yield stress. In generic terms, when self-compacting concrete or SCC is poured, it is an extensively fluid mixture that flows easily around and within the formwork, can flow around the corners and through obstructions, is very close to self-levelling, does not need tamping or vibration, and gets into the texture and shape of a mold. Thus, pouring self-compacting concrete is less labor exhaustive in comparison to standard concrete mixes. Self-compacting concrete does not also use much amount of water in order to become a liquid.
The global market for self-compacting concrete has been witnessing substantial growth due to an extensive upsurge in the global building and construction industry along with aesthetics and engineering advantages. They primary factors that have been influencing the growth of the global self-compacting concrete market and is likely to maintain a strong impact on the market are enhanced quality of air, substantial decrease in the cost of MRO, and elimination of the vibration process during laying the SCC coupled with a less environment harmful procedure. The market is further expected to foster with the robustly progressing repair activities of old structures and the incessantly expanding construction industries across the globe. However, the market is expected to face challenges from an alternative that is emerging known as Eco-SCC.
The global self-compacting concrete market is gaining considerably traction from the rising building and construction activities especially across the emerging nations. Between 2017 and 2025, experts predict strong growth of the market. Self-compacting concrete comes will several properties such as it significantly reduces costs incurred on maintenance, repairing, and overhauling (MRO), and has minimum impact on the environment.
With environmental laws across the globe getting tougher with every passing days, industries are compelled to look for more eco-friendly materials. Spurred by the factor, the demand for self-compacting concrete is expected to surge in the building and construction industry in the coming years. The report studies in detail growth trajectory of the global self-compacting concrete market and the factors influencing the same. It identifies the growth drivers and key restraints besides assessing opportunities existing for the market across the key regional segments.
Self-compacting concrete is extensively used in the construction of concrete frames, which also constitute one of the key application segments in the global self-compacting concrete market. As the concrete frame industry aims towards improvement in the process of designing and building in-situ frame buildings, the demand from the segment will continue to rise. Given the scenario, both efficiency and profitability of all members across the supply chain from building construction will improve, subsequently increasing opportunities for the concrete frames segment in the overall self-compacting concrete market.
In terms of end user, infrastructure constitute one of the key market segments. Constructing a building or architectural structure as per contemporary standards has certain specific requirements. It is therefore necessary to develop concrete with specific properties to meet the requirements. This has resulted in the development of self-compacting concrete, which flows under its own weight and thus can easily fill formworks. Furthermore, self-compacting concrete is compacted under the influence of self-weight, without any additional processing. These factors have significantly impacted the use of self-compacting concrete in the infrastructure sector.
Among all regional segments, Asia Pacific has been exhibiting high lucrative opportunities for the market. Considerable rise in construction activities in the region, coupled with rapid urbanization, has helped the market players establish strong presence in Asia Pacific. Opportunities for the market players are especially ripe in India and China, as both the countries showcase high expenditure on infrastructural developments. The growth of power and transportation sectors will also aid the expansion of the self-compacting concrete market in India.
Besides this, the market will also gain pace from the rising residential and non-residential construction in Europe. In North America due to stagnancy the market will witness comparatively lesser opportunities.
For an in-depth overview, the report provides a detailed assessment of market’s vendor landscape. It therefore includes profiles of some of the leading companies operating in the global self-compacting concrete market. This section covers the development status of the companies profiled, besides analyzing the impact of their latest mergers and acquisitions. For the purpose of the study, information is also obtained from the financial records of these companies. Furthermore, strengths and weaknesses of the companies profiled are analyzed using SWOT analysis. This also helps readers in identifying the opportunities and threats that the companies are likely to face in the forecast period.
Some of the most prominent companies in the global self-compacting concrete market are LafargeHolcim Limited, CEMEX S.A.B. de C.V., Sika Group, BASF SE, and ACC Limited. In order to strengthen their market position, a majority of these companies are focusing on product launch and diversification.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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