Rapid Strength Concrete Market Analysis

Rapid Strength Concrete Market Analysis

Increasing demand for residential properties in developing countries, such as India, China, Brazil, Indonesia, etc., owing to rising population and changing socio-economic status will cater to the rapid strength concrete market share by 2027.

Rapid strength concrete with strength between 0 to 40 MPa is likely to cross around USD 115 billion by 2027 as it can offer prefabricated concrete construction with greater weather-resistance ability, significant strength, and resiliency. Moreover, a rising per capita income and favorable government policies, such as low mortgage rates, has soared the demand for residential dwellings in recent years, which will eventually fuel the industry size.

Building application exhibited a considerable share of above 53% in the rapid strength concrete market in 2020 on account of extensive applications in construction activities. Factors including versatility, flexibility, and high-end performance create scopes for residential applications that will gradually contribute to the market demand. In addition, increasing demand for energy-efficient, economical & low-maintenance buildings will gradually enhance industry demand in developed cities.
 

Europe rapid strength concrete market size is poised to cross USD 60 billion by 2027. A steady industrial development along with increasing spending on the building & construction sector will propel the product adoption across the Europe. Rising infrastructure projects led by stable economic growth will spur the regional real estate business. Major road construction projects in the region will further augment demand. For instance, the European Commission announced to support large infrastructure projects under the European Fund for Sustainable Development through an estimated amount of over USD 150 billion by 2027, which will influence the overall market share.