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The self-compacting concrete market size is forecast to increase by USD 4.15 billion at a CAGR of 6.14% between 2022 and 2027. Market growth accelerates due to factors such as expansion in the construction sector, heightened government infrastructure investments, and rising demand in developing nations. These trends drive opportunities for stakeholders, reflecting the dynamic landscape of construction materials. With increased construction activity and infrastructure funding, coupled with growing demand for innovative concrete solutions, the market anticipates robust growth momentum. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the market growth and forecasting report includes historic market data from 2017 to 2021.
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This market report extensively covers market segmentation by type (powder, combination, and viscosity), end-user (infrastructure, building and construction, and oil and gas construction), and geography (Europe, North America, APAC, South America, and Middle East and Africa).
The powder segment is estimated to witness a significant boost during the forecast period. It is composed of several extremely fine particles with free movement when tilted, coming together to form a dry solid. Several fillers, including kaolin, limestone, metakaolin, and fly ash pozzolans, are mixed in powder to further enhance the strength and workability of the self-compacting concrete.
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The powder segment was the largest segment and was valued at USD 5.07 billion in 2017. When compared to various types of self-compacting concrete, the powder type is the most affordable one. This feature is greatly accountable for the increasing demand of this segment of the global self-compacting concrete market. Hence due to its affordability and ability to further enhance properties, this segment is likely to drive market growth during the forecast period.
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Europe is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In Europe, the largest construction markets include Germany, the UK, Spain, France, and Italy. The SCC market is likely to witness growth in the region particularly due to it being an environmentally friendly construction material. This is due to low energy consumption and low emissions of fine dust.
Further, when it comes to market growth, Norway is predicted to witness the largest growth rate in Europe while Turkey and Sweden are significant markets due to the construction of new shopping malls, hotels, and hospitals. The UK’s evolving dynamic with other member countries of the region shall impact newly formed regional trade agreements. The UK and Germany are expected to have low growth rates due to their sluggish economic growth. Other countries that shall contribute towards the growth of the self-compacting concrete (SCC) market during the forecast period include Hungary, Poland, Ireland, and Portugal due to the increasing demand for modern and sustainable construction materials.
The self-consolidating concrete revolutionizes the construction industry with its properties, making it ideal for various applications like concrete frames and columns. Embraced by contractors and builders, it facilitates sustainable construction practices and aligns with green building initiatives. Utilizing raw materials efficiently, it ensures quality control and meets the demands of the building and construction sector. Unlike conventional concretes, it eliminates the need for vibrations and reduces energy consumption during manufacturing. With a shortage of skilled workers, it addresses labor costs and speeds up construction activities, particularly for high-rise structures. This innovation promotes sustainable development in both established and emerging economies, supporting initiatives like the Housing Infrastructure Fund. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Growth in the construction industry is driving the market expansion. This is primarily due to the demand for self-consolidating concrete and high-performance concrete in the construction industry. Self-compacting concrete can also be used to install vinyl tiles, ceramic tiles, carpets, and resilient flooring on concrete surfaces. The various advantages it offers include ease of application, strength, reduced labor time, and durability.
Moreover, infrastructure in Western Europe and North America is of exceptional quality, vastly due to collaboration and coordination between both public and private stakeholders in the development of new construction projects due to high-performance concrete. Additionally, emerging regions such as MEA and APAC, also witnessing large construction and infrastructure activities with green building initiatives, contractors and builders, are expected to boost the growth of the market during the forecast period.
The adoption of new technologies and materials is a key trend in the market. It is vital in the construction industry due to it being of higher strength, requiring less labor, and resulting in faster construction. Various technologies and the shifting emphasis towards in the industry are helping in productivity gains that are boosting the growth of the SCC market.
Additionally, the usage of nanomaterial (nano SiO2) which helps enhance strength, stability, strength, sustainability, and environment-friendly characteristics also promises great scope for improving operational efficiency. It can be of immense resilience and hence can be used to construct earthquake-resistant building structures. Hence these factors are expected to boost the expansion of the market during the forecast period.
Volatility in raw material prices is challenging market expansion. Raw materials like cement, aggregates, plasticizers, additives, or admixtures themselves are heavily dependent on coal. The prices of raw materials like limestone, clay, shale, and fly are expected to rise. Higher labor costs, management of the manufacturing site, and transportation of concrete further add to the cost associated with the market.
Additionally, the limited number of skilled workforce in the construction industry, and crude oil price volatility, which impacts polymer additives, polyacrylic ester, and vinyl acetate, are other factors that result in price volatility. One of the core suppliers of polymer additives and plasticizers is the oil and gas industry. Hence crude oil price volatility can have a negative impact on the supply of plasticizers and polymer additives. The reduced availability will further hike prices, resulting in even greater challenges for the market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
BASF SE - The company offers self-compacting concrete such as master X seed STE admixture.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market research and growth report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
The market is integral to the building & construction sector, offering innovative solutions for building designs and construction activities. With contractors and builders seeking efficient alternatives, self-consolidating concrete provides benefits like labor savings and smooth surface finish. It addresses environmental concerns with noise reduction and supports sustainable construction practices in high-rise structures and infrastructure projects. Emerging economies drive market growth amid population growth and urbanization, while advancements in research and product development enhance quality control and raw material supply. As demand rises for high-performance concrete, the market expands globally, catering to diverse construction needs and project schedules.
Further, the market plays a vital role in the building and construction sector, offering innovative solutions for various applications such as columns, concrete frames, and concrete structures. It caters to the needs of concrete producers and supports component manufacturing with its unique properties. Combination type SCC and viscosity type SCC provide versatility in the design mix and enable efficient distribution and sale. Amid green building initiatives and sustainable development, SCC addresses housing shortages and contributes to the infrastructure sector.
Additionally, with demand driven by factors like economic conditions and oil & gas projects, the market thrives, relying on skilled workers and advanced vibration processes for optimal performance. Also, in the market, concrete frames and columns benefit from enhanced durability compared to conventional concretes. Cost beneficial factors drive adoption, especially in regions facing economic building conditions or slowdowns. It reduces equipment wearing & tearing during drilled shafts installation and offers efficiency in formwork setups. The housing infrastructure fund stimulates demand, particularly in the residential sector.
Market Scope |
|
Report Coverage |
Details |
Page number |
158 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.14% |
Market growth 2023-2027 |
USD 4.15 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.25 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 35% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adani Group, Aditya Birla Management Corp. Pvt. Ltd., BASF SE, Breedon Group plc, Buzzi SpA, CEMEX SAB de CV, CRH Plc, CTS Cement Manufacturing Corp., Firth, Flowcrete Group Ltd., Holcim Ltd., JMH International Ltd., Kilsaran, Mapei SpA, RDC Concrete (India) Pvt. Ltd., Sakrete, Sika AG, TCC Materials, Unibeton Ready Mix, and QUIKRETE Holdings Inc. |
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, and Market condition analysis for the 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 market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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