Self-Compacting Concrete Market and Its Key Opportunities and Challenges

January 24 20:47 2020
Self-Compacting Concrete Market and Its Key Opportunities and Challenges

Browse 113 market data tables and 48 figures spread through 172 pages and in-depth TOC on “Self-Compacting Concrete Market”
Self-Compacting Concrete Market by Type (Powder, Viscosity, Combination), Application (Drilled Shafts, Columns, Metal Decking, Concrete Frames), End User (Oil & Gas Construction, Infrastructure, Building & Construction), Region

The global self-compacting concrete market is expected to reach USD 15.18 billion by 2026, at a CAGR of 5.7% between 2016 and 2026. Key players in the global self-compacting concrete market include CEMEX S.A.B de C.V., ACC Limited, Sika Group, BASF SE, LafargeHolcim, and Tarmac, among others.

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Self-compacting concrete is one of the most preferred concretes utilized in the construction industry. Self-compacting concrete (SCC) is a flowing concrete mixture that is able to consolidate under its own weight. The highly fluid nature of self-compacting concrete makes it suitable for use in difficult conditions and in areas with congested reinforcement.

On the basis of type of design mix, the global self-compacting concrete market has been segmented into powder type self-compacting concrete, viscosity agent type self-compacting concrete, and combination type self-compacting concrete. The powder type self-compacting concrete accounted for the largest share of the global self-compacting concrete market in 2015. Whereas, the combination type self-compacting concrete is projected to grow at the highest CAGR between 2016 and 2021. The self-compacting concrete has been further segmented on the basis of raw material into cement, additions, admixtures, and fibers, among others.  Among all raw materials, additions are commonly used in self-compacting concrete owing to the need for substantial contents of fine particles.

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On the basis of application, the global self-compacting concrete market has been classified into drilled shafts, columns, metal decking, and concrete frames. The demand for self-compacting concrete is progressing at a rapid pace owing to significant reduction in maintenance, repairing, and overhauling costs of self-compacting concrete, coupled with non-requirement of vibration processes in laying self-compacting concrete. Among varied applications, the concrete frames segment accounted for the largest share of the global self-compacting concrete market in 2015. Based on end user, the self-compacting concrete market has been segmented into oil & gas construction, infrastructure, and building & construction. Among all end users, the infrastructure segment accounted for the largest share of the global self-compacting concrete market.

The Asia-Pacific region accounted for the largest share of the global self-compacting concrete market in 2015, followed by Middle East & Africa and Europe. The demand for SCC witnessed significant growth in recent years, especially in the Middle East & Africa and Asia-Pacific regions, owing to the rising construction activities and the consequent demand for concrete in these regions. Countries such as Japan, India, and China are expected to drive the growth of the self-compacting concrete market in the Asia-Pacific region, due to rapid urbanization, population growth, and government infrastructural plans. The self-compacting concrete market in Europe is mature, due to the gradual shift of manufacturing industries to countries with high demand for SCC and low production cost. Significant investments in the construction industry in Europe by private companies are driving the growth of the self-compacting concrete market in this region.

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