Rapid Strength Concrete Market expected to experience a positive growth by 2024

 Vinayak Shinde

Global Market Insights recently introduced new title on 2019-2024 Global Rapid Strength Concrete Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2024.

The Asia Pacific has lately depicted a spectacular growth rate in the construction cosmos, driven by the escalating number of infrastructural development projects such as roads, highways, bridges, tunnels, etc., impelling the regional rapid strength concrete market share. Recent entrants in this thriving business space apart from Indian, China, and Japan, are that of Indonesia and Singapore – estimates claim that both the regions have depicted an appreciable growth in the construction industry.

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Indonesia is one of Asia’s largest construction markets – approximately 30 infrastructure projects, inclusive of ports, railway links, public transport networks, and toll roads, adding up to a valuation of close to USD 68 billion, have been planned by the Indonesian government to be completed by 2019. Unrefutably, the region has emerged to be one of the largest consumers of concrete material and products, majorly stimulating APAC rapid strength concrete industry size.

India on the other hand, has emerged to be one of the most lucrative consumers of concrete products, given the vast expanse of the region’s construction sector, which has overtly augmented the commercialization potential of India rapid strength concrete market. Recently, for instance, a 250-million-dollar loan agreement had been finalized between the Manila-based Asian Development Bank (ADB) and the Indian government, as a part of a construction initiative to build 6,254 km of all-weather roads across the rural terrains of Chhattisgarh, West Bengal, Assam, Odisha, and Madhya Pradesh, under the Rural Roads Program.

In response to the aforementioned conundrum, companies partaking in global rapid strength concrete industry have been striving to develop green concrete via CSA cement. Developed in China in the 1970s, calcium sulfoaluminate (CSA) cements, apart from being perpetually stronger and quick-setting than Portland cements, possess the advantage of being greener than their traditional counterparts. In fact, concrete manufactured completely from CSA is apparently 2 to 6 times greener than ordinary Portland cement. In consequence, rapid strength concrete market players have been planning to deploy CSA-infused concrete on a large scale, thereby aiming to reduce carbon emissions.

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Another instance validating the stability of the region’s construction industry is that of JMC Projects, an arm of the Kalpataru Power Transmission, bagging construction contracts for one residential and two commercial projects in South India, worth INR 448 crore, alongside one industrial and two residential projects in East and North India, worth INR 303 crore. Undeniably, India will emerge to be one of the most profitable avenues for APAC rapid strength concrete market, fueled by the plethora of construction projects in the country.

It is prudent to mention that companies have also been attempting to develop new concrete additives to manufacture a stronger concrete product that would help reduce CO2 emissions, thereby successfully eliminating this particular constraint hampering the growth of rapid strength concrete industry. Driven by the efforts undertaken by renowned giants such as Sika Corporation, BASF, CTS Cements, Boral Limited, Perimeter Concrete, Aggregate Industries, and Tarmac to innovate varied concrete products, rapid strength concrete market is likely to observe extensive growth in the ensuing years. With the increasing percentage of urbanization and industrialization and the rapid rise in the construction of dockyards, highways, tunnels and airports across the globe, rapid strength concrete industry trends are certain to observe a change of dynamics over 2017-2024.

The Rapid Strength Concrete Market Report Consists of,

1. Methodology and Scope

2. Executive Summary

3. Absorption Chiller Industry Insights

3.1 Industry segmentation

3.2. Industry size, forecast and growth expectations, 2019 - 2024

3.3. Industry ecosystem analysis

3.4. Raw material insights

3.5. Technology insights

3.6. Regulatory framework

3.7. Industry dynamics

3.8. Key growth opportunities

3.9. Porter's analysis

3.10. Company market share, 2019

3.11. PESTEL analysis

3.14. Regional price trends

4. Rapid Strength Concrete Product Insights

5. Rapid Strength Concrete Application Insights

6. Rapid Strength Concrete Regional Insights

7. Competitor Profiles

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Domain: Business
Posted By: Vinayak Shinde and Contact Vinayak Shinde

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