The market is expected to generate an incremental $ opportunity of US$ 7.2 Bn between 2022 and 2030
Category: Chemicals & Materials Published Date : August 2022 ID: CVC-00181 Format: PDF Pages: 315
Self-Compacting Concrete Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Self-Compacting Concrete Market was worth US$ 11,079.8 Mn and is expected to grow at a CAGR of 6.5% over the forecast period. The market is expected to hit US$ 18,337.0 Mn by 2030 end.
Self-compacting concretes are utilized in the construction sector to assure long-lasting concrete constructions without needing expert labor. These concretes may compact into every corner of a formwork only via their weight, eliminating the requirement for vibrating compaction.
The self-compacting ability of self-compacting concrete reduces the need for vibrations, resulting in the market for little personnel to place it. In some circumstances, the labor demand might be cut in half compared to ordinary concrete.
Using self-compacting concrete eliminates the need for energy to be consumed when performing vibration activities. Furthermore, formworks are no longer exposed to strains induced by vibration processes, lowering the actual and ongoing expenses of formworks.
NON VIBRATING PROCESS FOR LAYING THE CONCRETE TO DRIVE THE MARKET
The low noise associated with self-compacting concrete building activities is projected to affect the growth of the self-compacting concrete industry. Following this, the significant decrease in total prices of self-compacting concrete also serves as a key driver of the development of the self-compacting concrete market throughout the forecast period.
The fast expansion of the oil and gas sector, as well as improvements in air quality and reduce negative environmental effects, are predicted to affect the self-compacting concrete market favorably. The absence of the need for vibration operations to install self-compacting concrete is likely to drive market expansion.
The growing need for a non-vibrating process for laying concrete, the reduction in the cost of MRO, the improvement in air quality, and the less negative impact on the environment in self-consolidating concrete-based repair and construction activities can all be attributed to the growth of the self-compacting concrete market.
HIGH RAW MATERIAL PRICES HAMPER THE GROWTH
High raw material prices and the presence of eco-SCC as an alternative to self-compacting concrete are expected to act as key restraints on the self-compacting concrete market growth rate in the forecast period of 2022 to 2030. In contrast, limited usage of self-compacting concrete in emerging economies is expected to challenge self-compacting concrete market growth in the forecast period.
Market Segments Covered in Report
By Raw Material:
By Design Mix:
By Region and Country:
Why are admixture–type raw materials for Self-Compacting Concrete projected to have the highest CAGR?
In the predicted term, the admixture segment is expected to grow to 5.7%. Admixtures have an important role in the growth of SCC by increasing its fluidity rate, minimizing water use, and reducing shrinkage, among other things. Hydrated lime, fly ash, pulverized blast furnace slag, and silica fume are some of the admixtures utilized in SCC.
Which application segment is expected to expand the fastest during the forecast period?
The self-compacting concrete market for columns is estimated to increase at a CAGR of around 5.5% over the forecast period. Columns are structures that serve as the foundation of buildings and need a huge amount of concrete.
SCC is widely utilized in column construction because it has higher compressive and tensile strength. Furthermore, its excellent product flowability is preferred in the building business for producing columns. It also aids in the reduction of manpower requirements.
Which end-user segment is expected to expand the fastest during the forecast period?
In 2021, the self-compacting concrete market size for building & construction grabbed the biggest market share, accounting for nearly 50% of the total market. Because of its superior properties, such as high flowability, low water demand, and low shrinkage, the product has a broad range of applications in building concrete frames, columns, metal decks, and so on.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The global self-consolidating concrete (SCC) industry is relatively consolidated, with a few manufacturers controlling most of the market share.
Some of the key developments that have taken place in the Self-Compacting Concrete Market include:
A list of some of the key suppliers present in the market are:
Global Self-Compacting Concrete Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Raw material, Design Mix, Application, End-User, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|