Self-Compacting Concrete Market size worth over $30.2bn by 2024

Self-Compacting Concrete Market size is poised to surpass USD 30.2 billion by 2024; according to a new research report by Global Market Insights Inc.
 

Self-compacting concrete finds wide-ranging applications across the construction industry, owing to its excellent properties such as, having the ability to flow under its own weight and fill congested sections and complicated framework. Therefore, it is used in constructing multi-story reinforced concrete frames, columns in buildings, metal decking system, etc. Rapid industrialization and urbanization have triggered construction sector in the emerging economies such as Asia Pacific and the Middle East. Moreover, government in China, India and Saudi Arabia are making substantial investment in major infrastructure projects to boost country’s economy. With growing population in these economies, there is strong demand for residential construction which in turn will make significant boost in the product demand and thereby drive the self-compacting concrete market share by 2024. For example, Saudi Arabian government announced an investment of USD 426 billion in infrastructure projects over the next ten years.
 

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Browse key industry insights spread across 258 pages with 403 market data tables & 31 figures & charts from the report, “Self-Compacting Concrete (SCC) Market Size By Raw Material (Fine & Coarse Aggregates, Water, Cement, Admixture, Fibers), By Design Mix (Powder, Viscosity Agent, Combination), By Application (Concrete Frames, Metal Decking, Columns, Drilled Shafts), By End-user (Building & Construction, Infrastructure, Oil & Gas), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/self-compacting-concrete-market
 

As per the raw materials segment, fibers used in the self-compacting concrete market is predicted to grow with CAGR of about 5% by 2024. Thin polypropylene (PP) fibers are used in the SCC production as it provides secondary reinforcement to control shrinkage cracking and to improve impact resistance. Generally, these fibers are used up to the extent of 1% of the overall composition of raw materials. Furthermore, these fibers also contribute to the flow characteristics of the concrete.
 

In terms of revenue, combination design mix of the SCC market share constituted close to USD 9.5 billion in 2016, likely to foresee gains of approximately 6% by 2024. This concrete mix is a combination of powder type and viscosity agent type SCC. In this design mix, powder quantity varies between 450 to 550 kg/m3 and an addition of a viscosity agent effectively balances the moisture fluctuations during the manufacturing process of concrete blocks.
 

Self-compacting concrete market size for concrete frames constituted approximately USD 8.9 billion in 2016, projecting gains of more than 5.5% by 2024. SCC is widely applicable in multi-story reinforced concrete frames as they have congested structural element and concrete technology with high flow rate is preferred. Growing investment to boost construction of residential buildings & other construction projects majorly in economies experiencing significant population growth such as India, Saudi Arabia, UAE, etc., will positively drive the industry size in the near future.
 

The Middle East & Africa SCC market size is expected to show gains close to 5.5% in the forecast timeframe. This is majorly due to rapidly growing population which has triggered investment in infrastructure projects. Additionally, availability of oil & gas reserves in the region and growing energy consumption from transportation, household and power sector will trigger exploration and production activities. These factors will in turn have a positive impact on the SCC demand, thus propelling the market growth in the forecast time spell.
 

Key players in the self-compacting concrete market share are CEMEX, Breedon Group, Sika AG, Tarmac Trading, Unibeton Ready Mix, BASF and LafargeHolcim. Some of these companies are forming strategic alliances with the small or medium scale players to improve its profitability. For instance, Tarmac acquired 50% share in ScotAsh to become the largest producer for construction materials in Europe in 2017.
 

Self-compacting concrete market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
 

SCC Market by Raw Material

• Fine & coarse aggregates
• Water
• Cement
• Admixture
• Fibers
• Others

Self-Compacting Concrete Market of Design Mix by Application

• Powder
  • Concrete frames
  • Metal decking
  • Columns
  • Drilled shafts
  • Others
• Viscosity agent
  • Concrete frames
  • Metal decking
  • Columns
  • Drilled shafts
  • Others
• Combination
  • Concrete frames
  • Metal decking
  • Columns
  • Drilled shafts
  • Others

SCC Market by Application

• Concrete frames
• Metal decking
• Columns
• Drilled shafts
• Others

Self-Compacting Concrete (SCC) Market by End-User

• Building & construction
• Infrastructure
• Oil & gas
• Others

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • Indonesia
  • Malaysia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • GCC