Ultra-High Performance Concrete Market Worth $550 Million by 2024 - Exclusive Report by MarketsandMarkets
Northbrook, IL -- (SBWire) -- 08/19/2019 --The report "Ultra-high Performance Concrete Market by application (Residential, Commercial, Infrastructural, and Others (healthcare, institutional, military, hospitality, and anti-detonating construction)), and Regions – Global Forecast to 2024", is projected to grow from USD 369 million in 2019 to USD 550 million by 2024, at a CAGR of 8.3% from 2019 to 2024. It is expected to grow in accordance with the growth of the construction industry across the globe. Factors such as the increase in the infrastructural and residential construction and innovation, along with the demand for durable construction material with the ability to withstand extreme weather and resist chemical attacks & deterioration, are expected to support market growth during the forecast period.
Browse 81 market data Tables and 30 Figures spread through 125 Pages and in-depth TOC on "Ultra-high Performance Concrete Market – Global Forecast to 2024"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/ultra-high-performance-concrete-market-216557370.html
In terms of volume, the infrastructural segment is estimated to lead the ultra-high performance concrete market in 2019.
The infrastructural segment held the largest market share among all the application segments of the ultra-high performance concrete market, as ultra-high performance concrete offers new opportunities for infrastructural works, building constructions, and many niche markets. However, UHPC, as an outstanding technology, has been struggling to become a main-stream technology for everyday use due to the lack of design codes and the initial high investment costs involved in constructing manufacturing facilities.
In terms of both value and volume, the residential segment is projected to grow at the highest rate in ultra-high performance concrete market during the forecast period.
The ultra-high performance concrete market is widely accepted in residential high-rise buildings, owing to various advantages offered, which include durability, high strength, and protection from extreme weather conditions. The growth of the ultra-high performance concrete (UHPC) market is largely associated with the growth in the residential applications in the construction industry. The construction industry is expected to push the concrete industry to new altitudes, which, in turn, will help the construction market achieve greater revenues and volumes in the near future, which will drive the demand for UHPC at a significant pace.
Requst Sample @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=216557370
The Asia Pacific region is projected to grow at the highest rate in the ultra-high performance concrete market during the forecast period
The Asia Pacific region is projected to grow at the highest rate in the ultra-high performance concrete (UHPC) market, in terms of both value and volume, from 2019 to 2024. Factors such as the increasing number of new housing units and huge investments in the infrastructural sector are expected to drive the UHPC market. Also, the increasing demand in China, Japan, Malaysia, South Korea, and other countries, due to the tremendous growth of construction opportunities in these countries, has also driven the market for UHPC.
Some of the key players operating in the UHPC market are LafargeHolcim (Switzerland), ACC Limited (India), Sika AG (Switzerland), Vicat (France), U.S. Concrete (US), CEMEX (Mexico), TAKTL (US), and Gulf precast concrete (Abu Dhabi). Mergers & acquisitions, expansions, investments, partnerships, and agreements are some of the major strategies adopted by these key players to enhance their position in the ultra-high performance concrete market.
Speak to Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=216557370
- In June 2019, Holcim Philippine, a subsidiary of LafargeHolcim, completed the expansion of its plant in La Union, Philippines. The company increased its production capacity at the facility, from 1 million tonnes per year to 1.8 million tonnes.
- In March 2019, CEMEX Ventures and Tefken Ventures signed a collaboration agreement. This collaboration aimed at promoting a generation of new business models, with players in the construction ecosystem.
- In January 2019, Vicat acquired Cimento Planalto – Ciplan (Brazil) to increase its manufacturing capacity of cement to 3.2 million tons per year.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
Media Relations Contact
Mr. Shelly Singh
View this press release online at: http://rwire.com/1256416