Self-Consolidating Concrete Market Insight | Size Analysis by Current Industry Status & Growth Opportunities, Top Key Players, Target Audience and Forecast to 2027
Market Synopsis
According to the
study presented by Market Research Future (MRFR), the global Self-Consolidating Concrete Market Insight has
been prognosticated to expand at a moderate CAGR over the forecast period 2016
to 2021. Self-consolidating concrete, also known as SCC, has been gaining much
popularity in the since the last few decades. The market is anticipated to
witness an upsurge in demand owing to accelerated activities in the
construction sector.
SCC offers certain advantages such as
no requirement for tamping, easy flow through barriers, etc. It is likely to
drive the growth of the self-consolidating concrete market over the next couple
of years. SCC is extensively used for precast and repairing purposes, such as
drainage, roof tiles, flooring, etc., for better durability and quicker
construction. This, in turn, has been projected to expedite the expansion of
the market in the forthcoming years. The product has also developed an
application in new construction which is further expected to accelerate revenue
creation for the participants of the self-consolidating concrete market.
Market
Segmentation
On the basis of type, the global
self-consolidating concrete market insight has been segmented into powder,
viscosity modifying agent and combination.
On the basis of ingredients, the
self-consolidating concrete market has been segmented into aggregates, cement,
admixtures, and others.
On the basis of
application, the global Self-Consolidating
Concrete market has been segmented into infrastructure, precast concrete,
architectural and others.
Competitive
Dashboard
Few of the Major
Market Leaders Profiled in this report are BASF SE, Sika AG, Hope Cement
Limited, ACC Concrete Limited, CEMEX Group, Lafarge, UltraTech Cement Limited,
Tarmac Trading Limited, Lafarge, and Unibeton Ready Mix.
Regional
Analysis
The geographical
study of the global self-consolidating concrete market spans across four major
regions – North America, Europe, Asia Pacific, and the Rest of the World (RoW).
Asia Pacific is anticipated to exhibit command over a dominant share of the
global market. The rising infrastructural projects of the region are likely to
boost the growth trajectory of the regional self-consolidating concrete market
in the forthcoming years. The region is poised to witness rapid developments
and investments from global leaders which are projected to catapult the market
on an upward trajectory. In addition, the influx of Foreign Direct Investment
is expected to revolutionize the future trajectory of the market in the
forthcoming years. China and India are the major country-level markets for the
region.
North America is
poised to overgrow over the next few years. The revamp of the construction
sector, and increasing demand for renovation are the major factors that are
responsible for driving the growth of the self-consolidating concrete market in
the region.
Industry News
- In March 2019, a West
Michigan marine transportation, Port City Barge Inc., has announced its
plan of investing USD 40 Mn for the expansion of operations such as
hauling cement for St. Marys Cement US LLC.
- In February 2019, Holcim
Philippines, a listed cement manufacturer, has announced the completion of
its La Union plant that is expected to double up its production capacity.
The plant has been equipped with new grinding equipment and storage
facilities.
- In February 2019, JSW Cement
Limited, which is a subsidiary & new diversification foray of the JSW
Group based in India, has announced its plan for the investment of 2,000
crore INR for reaching a production capacity of 20 MT by 2020 from the
current 12.6 MT.
- In October 2018, Sika AG, a
specialty chemical company for building and motor vehicle supplies, has
announced the establishment of a production facility for high-performance
concrete admixtures in Dubai. The facility is worth AED 40 Mn. It has been
established as the sales center for the entire Gulf Coast Council area
(GCC).
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