Concrete Cooling Market expected to grow up to 1,722.4 Million USD by 2026

 Wahid Tamboli

The report [137 pages] "Concrete Cooling Market by Type (Water Cooling, Ice Cooling, Air Cooling, Liquid Nitrogen Cooling), Application (Highway Construction, Dams & Locks Construction, Port Construction, Nuclear Plant Construction) and Region - Global Forecast to 2026", The global concrete cooling market was valued at USD 936.0 Million in 2015 and is projected to reach USD 1,722.4 Million by 2026, at a CAGR of 5.7% from 2016 to 2026. Increasing demand of concrete cooling systems from the Middle East region and regions which have high temperatures and require large amounts of concrete are projected to drive the growth of the market in the future.

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Target Audience

  • Concrete Cooling Manufacturers
  • Concrete Cooling Traders, Suppliers, and Distributors
  • Government and Research Organizations
  • Associations and Industrial Bodies
  • Raw Material Suppliers and Distributors
  • Industry Associations

Water cooling is the fastest-growing type segment of the global concrete cooling market

The water cooling segment in the concrete cooling market accounted for the largest share in 2015. There is a steep increase in the usage of water cooling systems across several applications due to its simple functionality, availability, and cost-effectiveness.

Highway construction industry was the fastest-growing application segment of the global concrete cooling market

Among all applications, highway construction holds the largest market share, in terms of value, as of 2015. Many regions in the world have a hot climate. In these regions, concrete needs to be cooled during the construction phase to maintain its bonding characteristics. In such scenarios, solutions such as flake ice, water chillers, or nitrogen cooling systems are frequently used depending upon the temperatures and requirements of the project. In most cases, a combination of several concrete cooling solutions is used.

The Middle East region is the fastest-growing market for concrete cooling

The Middle East region accounted for the largest share of the concrete cooling market in 2015, and is projected to continue its dominance till 2026. The UAE, Saudi Arabia, and Qatar led the Middle East concrete cooling market in 2015. The concrete cooling market in Saudi Arabia is projected to grow at the highest CAGR among all countries in the Middle East region between 2016 and 2026.

Key players operational in the global concrete cooling, such as KTI-Plersch Kältetechnik GmbH (Germany), Coldcrete Inc. (U.S.), and ConCool LLC (U.S.), Kirloskar Pneumatic Company Limited (India), LINTEC Germany GmbH (Germany), Icelings (India), North Star Ice Equipment Corporation (U.S.), Recom Ice Systems (Netherlands), and Focusun Refrigeration Corporation (China) undertook several contracts to cater to the diverse needs of customers and to expand their presence in the market. Recom Ice Systems (Netherlands) launched a new product to maintain a competitive position in the market.

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