Enjoy complimentary customisation on priority with our Enterprise License!
The concrete cooling market share is expected to increase by USD 638.79 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 21.49%.
This concrete cooling market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers concrete cooling market segmentation by type (ice cooling, water cooling, air cooling, and liquid nitrogen), application (highway construction, power plant construction, port construction, and dams and locks), and geography (Middle East and Africa, APAC, South America, North America, and Europe). The concrete cooling market report also offers information on several market vendors, including Chirag Ice Factory Pvt. Ltd., Coldcrete Inc., ConCool, Focusun Refrigeration Corp., Fujian Snowman Co. Ltd., Gulf Cryo Holding CSC, Kirloskar Pneumatic Co. Ltd., KTI Plersch Kaltetechnik GmbH, Lair Liquide SA, Linde Plc, LINTEC Corp., Mellcon Engineers Pvt. Ltd., North Star Ice Equipment Corp., Penetron International Ltd., Polarmatic Oy, Recom Ice Systems BV, Rite-Temp Manufacturing Inc., SCHWING GmbH, Tamutom ICE MACHINES, and Vogt Ice among others.
Download the Free Report Sample to Unlock the Concrete Cooling Market Size for the Forecast Period and Other Important Statistics
The cities evolving into megacities is notably driving the concrete cooling market growth, although factors such as fewer opportunities for concrete cooling market in North America and Europe may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the concrete cooling industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Concrete Cooling Market Driver
One of the key factors driving the global concrete cooling market growth is the cities evolving into megacities. In 2018, the number of megacities across the world was 33, and it is expected that by 2030, the number will increase by an additional 10. China is home to six megacities, whereas India has five megacities. The tremendous growth of these countries is expected to exhibit strong demand for residential units in the coming years. The ten cities that are expected to witness major growth in population between 2016 and 2030 are Lahore (Pakistan), Hyderabad (India), Bogota (Colombia), Johannesburg (South Africa), Bangkok (Thailand), Dar es Salaam (Tanzania), Ahmedabad (India), Luanda (Angola), Ho Chi Minh City (Vietnam), and Chengdu (China). These cities are expected to witness vital residential unit construction in the coming years, which will further drive the demand for concrete cooling.
Key Concrete Cooling Market Trend
Global platform for innovative products is one of the key concrete cooling market trends that is expected to impact the industry positively in the forecast period. All vendors associated with the concrete and masonry industry submit their best innovative products to the concrete construction most innovative product award program, World of Concrete. This is an annual award show that recognizes new technologically innovative products in the concrete and masonry industry. There are various product categories that include materials for concrete construction, repair/demolition tools, slab tools and materials, and many others. The materials for the concrete construction segment include reinforcement products, concrete-making materials, and water-resistant materials. The slab tools and materials segment comprises surface finishing material trowels, strike-off tools, and joint sealers. Such innovation will further support the market growth in the coming years.
Key Concrete Cooling Market Challenge
One of the key challenges to the global concrete cooling market growth is the fewer opportunities for the concrete cooling market in North America and Europe due to the erratic climatic conditions, fewer construction activities, and other deterrent issues. The use of concrete cooling is limited in cold regions as the temperature is favorable for concrete settings and does not lead to cracking. Countries in North America and Europe have a temperature less than 20 degrees celsius. The climatic condition in the Middle East and some parts of APAC necessitates concrete cooling. At this temperature, concrete may form cracks, and the structure might get damaged. The concrete cooling markets in Europe and North America are being hampered due to less number of projects. This will have a negative impact on the global market during the forecast period.
This concrete cooling market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global concrete cooling market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the concrete cooling market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the concrete cooling market encompasses successful business strategies deployed by the key vendors. The concrete cooling market is fragmented and the vendors are deploying growth strategies such as the expansion of distribution channels to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The concrete cooling market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the concrete cooling market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
For more insights on the market share of various regions Request for a FREE sample now!
47% of the market's growth will originate from the Middle East and Africa during the forecast period. Saudi Arabia and the United Arab Emirates are the key markets for concrete cooling in Middle East and Africa. Market growth in this region will be faster than the growth of the market in other regions.
Due to harsh weather conditions in the Middle East, most residential and non-residential projects require high-quality construction materials, such as high-quality concrete mix. This will facilitate the concrete cooling market growth in Middle East and Africa over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The COVID-19 outbreak adversely impacted market growth in the region. The pandemic led to the temporary suspension of several construction projects, such as Expo 2020, which is now rescheduled as the 2021-2022 Dubai project. Therefore, the temporary or permanent shutdown of construction projects hindered the growth of the construction industry. However, vendors are resuming their operations by adopting safety guidelines and adhering to standard practices such as wearing masks and maintaining social distancing norms. Such initiatives are expected to help in the recovery of the regional market growth rate during the forecast period.
To gain further insights on the market contribution of various segments Request for a FREE sample
The concrete cooling market share growth by the ice cooling segment will be significant during the forecast period. Flake ice and a mixture of flake ice and water are the best choices for concrete cooling due to their versatility, low cost, and effectiveness. Such factors will drive market growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the concrete cooling market size and actionable market insights on post COVID-19 impact on each segment.
|
Concrete Cooling Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
120 |
|
Base year |
2021 |
|
Forecast period |
2022-2026 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 21.49% |
|
Market growth 2022-2026 |
$ 638.79 million |
|
Market structure |
Fragmented |
|
YoY growth (%) |
20.65 |
|
Regional analysis |
Middle East and Africa, APAC, South America, North America, and Europe |
|
Performing market contribution |
Middle East and Africa at 47% |
|
Key consumer countries |
Saudi Arabia, United Arab Emirates, India, Indonesia, and Brazil |
|
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
|
Key companies profiled |
Chirag Ice Factory Pvt. Ltd., Coldcrete Inc., ConCool, Focusun Refrigeration Corp., Fujian Snowman Co. Ltd., Gulf Cryo Holding CSC, Kirloskar Pneumatic Co. Ltd., KTI Plersch Kaltetechnik GmbH, Lair Liquide SA, Linde Plc, LINTEC Corp., Mellcon Engineers Pvt. Ltd., North Star Ice Equipment Corp., Penetron International Ltd., Polarmatic Oy, Recom Ice Systems BV, Rite-Temp Manufacturing Inc., SCHWING GmbH, Tamutom ICE MACHINES, and Vogt Ice |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Get the report (PDF) sent to your email within minutes.
