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The self-compacting concrete market size is forecast to increase by USD 4.02 billion at a CAGR of 5.69% between 2023 and 2028. 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 2018 to 2022.
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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 5.29 billion in 2018. 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 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 34% 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. Hence, such factors are driving the market in Europe during the forecast period.
Self-compacting concrete, also known as self-consolidating concrete, is a high-performance concrete type that ensures optimal workability and placement without the need for vibration or compaction equipment. This concrete type is gaining popularity in the construction industry due to its ability to provide better durability and finish in various projects. The market is witnessing significant growth in the construction sector, particularly in residential, commercial, and infrastructure projects. The concrete's moderate viscosity, high deformability, strong segregation resistance, and low yield stress make it an ideal choice for complex and large-scale projects. The market for self-compacting concrete is driven by the increasing demand for infrastructure development and the precast industry. However, the market faces impediments such as the high cost of raw materials and manufacturing processes, examination procedures, and the availability of alternative concrete types. Self-compacting concrete can be produced using blended cement, bulk cement, Portland slag cement, gold cement, or silver cement. Building chemicals and ready-mixed concrete manufacturers are also key players in the market. The placement of self-compacting concrete is achieved using molds and tamping techniques, ensuring a smooth and uniform finish. In conclusion, the market is expected to continue its growth trajectory in the construction industry due to its unique properties and benefits. However, the market faces challenges that need to be addressed to ensure its widespread adoption. Our researchers analyzed the data with 2023 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 report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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Self-compacting concrete, also known as self-consolidating concrete, is a high-performance concrete type that ensures optimal workability and placement without the need for external vibration. This concrete is gaining popularity in the construction industry due to its numerous benefits. In construction, self-compacting concrete offers improved structural integrity, finish quality, and construction speed. It reduces labor requirements and eliminates the need for manual compaction, leading to cost savings for contractors and builders. The concrete's ability to flow and fill formwork without segregating makes it an ideal choice for residential, commercial, and infrastructure projects. The durability of self-compacting concrete is another significant advantage. It can withstand harsh environmental conditions, making it suitable for various applications, including oil and gas construction.
Moreover, the concrete's placement and curing techniques require careful consideration to ensure optimal results. Regulations regarding sustainable construction practices are driving the demand for self-compacting concrete. It offers noise pollution reduction, environmental impact minimization, and energy efficiency, making it an eco-friendly choice. The industry is witnessing various training initiatives and education programs to promote the use of self-compacting concrete and its mix design. Raw materials and quality control are essential factors in the production and application of self-compacting concrete. Admixtures and specialized materials play a crucial role in enhancing the concrete's properties. Construction professionals must adhere to industry standards and best practices to ensure the successful implementation of self-compacting concrete frames in infrastructure and building and construction projects. In residential projects and commercial projects, infrastructural development often utilizes ready mixed concrete for its efficiency and durability. Addressing issues like mold is crucial to ensure long-lasting quality and safety in both types of developments. Proper management and quality control of ready mixed concrete are essential to prevent mold and support robust construction.
Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.69% |
Market growth 2024-2028 |
USD 4.02 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.39 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 34% |
Key countries |
US, China, Germany, UK, and India |
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, QUIKRETE Holdings Inc., RDC Concrete India Pvt. Ltd., Sakrete, Sika AG, TCC Materials, and Unibeton Ready Mix |
Market dynamics |
Parent market analysis, market forecast, market report , market growth analysis , market research and growth , Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, 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 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 Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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