High-Strength Concrete Market - Forecast(2023 - 2028)

Report Code: CMR 44185 Report Format: PDF + Excel

High-Strength Concrete Market Overview

High-Strength Concrete Market size is expected to be valued at US$ 505.3 billion by the end of the year 2027 and is set to grow at a CAGR of 4.2% during the forecast period from 2022-2027. The increase in the construction activities of high raised buildings is majorly driving the demand for high strength concrete market. Certain types of high strength concrete such as reactive powder concrete is prepared by replacing ordinary aggregates of ordinary concrete with silica fume gel, quartz powder, steel fibers and others. This provides high compressive strength to the concrete. Additives such as superplasticizers are used in making high strength concrete that enables the production of concrete with less water content. This provides the high strength concrete a higher modulus of elasticity and high tensile strength. Therefore, this is majorly driving the high-strength concrete market.

COVID-19 impact

Amid the Covid-19 pandemic, the growth of high-strength concrete market drastically slowed down. The production of high-strength concrete reduced to a great deal which in turn affected the operation of the high-strength concrete industry and disrupted other activities such as marketing, supply chain management and sales of the companies dealing in high-strength concrete products, leaving the high-strength concrete top 10 companies in huge losses. Furthermore, restrictions on import and export activities due to the economic lockdown across the globe, affected the growth of the high-strength concrete market. However, the high-strength concrete industry is set to grow in terms of value by the year-end 2021.

Report Coverage

The report: “High-Strength Concrete Market – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the High-Strength Concrete Industry.

By Product Type: Ready-mix/Pre-mix concrete, Precast Concrete and On-Site.
By Types: High Performance Concrete and Very High-Performance Concrete.
By End-Use Industry: Residential Construction, Commercial Construction, Industrial Construction and Infrastructure.
By Geography: North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, France, Netherlands, Belgium Spain, Russia and Rest of Europe), APAC (China, Japan India, South Korea, Australia, New Zealand, Indonesia, Taiwan, Malaysia), South America (Brazil, Argentina, Colombia, Chile and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

  • Asia-Pacific market held the largest share in the high-strength concrete industry owing to the increasing construction activities in countries like China, India and South Korea in the APAC region.
  • One of the significant reasons contributing to the growth of the high-strength concrete market is the benefits provided by the reactive powder concrete such as high tensile strength and durability.
  • Increased demand for high raise buildings is majorly driving the demand for high-strength concrete market.
  • The covid-19 pandemic has affected the high-strength concrete market in terms of stock over piling which eventually led to the outdating of the inventories, causing huge losses to the high-strength concrete industry.

    FIGURE: Asia-Pacific High-Strength Concrete Market Revenue, 2021-2027 (US$ Billion)

    Asia-Pacific High-Strength Concrete Market Revenue

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High-Strength Concrete Market Segment Analysis – By Product Type

On-Site concrete segment held the largest share in the high-strength concrete market in the year 2021. On site (fresh mixed) concrete comprises of additives such as superplasticizers, aggregates and admixtures such as silica fume gel, quartz powder, steel fibers and others. On site concrete is freshly prepared in the construction site as per requirements. This helps in preparing the exact and efficient ratio of cement, mixtures and water and aid in efficient management of resources and changes the production according to requirements, therefore eliminating wastage of material and time. Furthermore, this helps the users in reducing shortage or overage of production in reducing the overall cost of the construction. Therefore, this is driving the demand for high-strength concrete market.

High-Strength Concrete Market Segment Analysis – By Type 

High performance concrete segment held the largest share in the high-strength concrete market in the year 2021 and is growing CAGR of 4% during the forecast period 2022-2027. The strength range of high-performance concrete is around 50-100 Megapascal. High strength performance concrete such as reactive powder concrete is used in the construction of high raised buildings and infrastructure such as bridges, skyscrapers, monuments and others. This helps in giving fundamental strength to the structure and aid in increasing the lifespan of that particular building or infrastructure. This is driving the demand for high performance concrete.

High-Strength Concrete Market Segment Analysis – By End-Use Industry

Building and construction segment held the largest share in the high-strength concrete market in the year 2021 and is growing CAGR of 4.5% during the forecast period 2022-2027. According to Oxford Economics, the construction industry is estimated to reach US$8 trillion by 2025 which is a progressive sign for the building and construction industry. The increase in the construction industry is directly impacting the growth of high-strength concrete in terms of volume. The investments made by governments in the construction sector is also boosting the growth of the construction sector, such as India received Foreign Direct Investment worth of US$17.22 billion for infrastructure activities and US$25.78 billion for construction activities development during the year 2020. The Australian Federal Government announced US$1 billion worth of funding package for small scaled construction projects across Australia. This will further drive the high-strength concrete market and increase improve the high-strength concrete market share during the forecast period.

High-Strength Concrete Market Segment Analysis – By Geography

Asia-Pacific region held the largest share of 30% in the high-strength concrete market in the year 2021. Reactive powder concrete has a good scope for use in the Asia pacific region owing the increase in building and construction activities in countries like China, India and South Korea. For instance, in the Union Budget of 2020-2021 made by the Indian government, the government allocated US $6.85 billion (Rs. 50,040 crore) to Ministry of Housing and Urban Affairs. According to International Trade Administration, the public and private infrastructure and civil engineering services recorded a growth of 16.9% during the year 2020. The Japanese Government provided an annual subsidy of about US$1.3 billion towards the construction of public infrastructure during the year 2019. This is eventually contributing to the demand for high-strength concrete which is further expected to drive the growth of the high-strength concrete industry in the APAC region. The increase in construction projects and government schemes in the countries like China and India is driving the high-strength concrete market.

High-Strength Concrete Market Drivers

Increasing construction activities coupled with government investments is driving the high-strength concrete market

The recent developments in the construction industry where high-end buildings are constructed using modern technologies has led to the surge in the demand of high-strength concrete as it is extensively used in heavy engineered buildings such as skyscrapers, dams, bridges, flyovers, coastal engineering etc. According to Indian Brand Equity Foundation, the revenue of heavy engineering industry, which mostly uses superplasticizers and silica gel as aggregates, stood at US$92 billion in India alone during the year 2019, which is one of the biggest factors driving the growth and demand of high-strength concrete market. The UK government has come up with new policies related to infrastructure during 2019 which aims at increasing the National Productivity Investment Fund to US$35.4 billion (£31 billion). According to United States Census Bureau, the construction industry spending during June 2021 increased by 0.1% to 1 billion from May 2021. The Brazil Government planned new investments of up to US$2.4 billion for building and maintaining 45 airports in the country. Additionally, the government of India has sanctioned projects for Rs.750 billion in the construction sector, which is driving the construction sector which in turn is contributing to the increase in demand for high-strength concrete market. 

Superior properties like durability and anti-corrosion is likely to boost the demand for high-strength concrete market

The superior properties of reactive powder concrete such as high tensile strength and durability, high compressive strength, high strength, durability and high resistance to corrosion and other chemical reactions makes is one of the biggest drivers of the high-strength concrete market. High-strength concrete does not succumb to heavy weight and wind, even under extreme conditions and exposure, making it one of the best properties of high-strength. These superior qualities of high-strength concrete are also why it is known as reactive powder concrete. This is one of the major factors driving the high-strength concrete market. 

High-Strength Concrete Market Challenges

High cost of investment is a major challenge to the high-strength concrete market

One of the biggest challenges of high-strength concrete is the high cost of initial investment. It requires the installation of high-end machinery (such as applications like blending equipment and others) which increases the cost of operations. Small-time businesses and establishments cannot afford to invest so much for concrete, making them opt for normal concrete rather than high-strength concrete, which is one of the biggest challenges restricting the growth of the high-strength concrete market.

Slow and Controlled Release Pesticides Market Industry Outlook

New product launches, investments, acquisitions and mergers, collaborations and expansions are some of the key strategies adopted by players in the
High-Strength Concrete Market. Major players in the High-Strength Concrete Market are: 

  1. LafargeHolcim
  2. SIKA Group
  3. BASF SE
  4. Gulf Precast Concrete Co. L.L.C
  5. Cemex Group
  6. Vicat
  7. UltraTech Cement Ltd
  8. ELO Concrete
  9. Heidelberg Cement AG
  10. ceEntek Pte Ltd
  11. Illinois Tool Works Inc.

Acquisitions/Technology Launches

  • In 16 February 2021, ACC ready mix launched a low-carbon range of concrete; the Green Concrete for high-performing, sustainable and circular construction.
  • In 22 December 2020, Technique Concrete, Arteon, Mandelli-Setra and Ideaplast merged and formed Tam Group. TAM Groupe expertly combines specialist manufacturing with a comprehensive portfolio of products for the concrete construction industry.

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1. High-Strength Concrete Market- Market Overview
    1.1 Definitions and Scope
2. High-Strength Concrete Market - Executive Summary
    2.1 Key Trends by Product Type
    2.2 Key Trends by Product
    2.3 Key Trends by Application
    2.4 Key Trends by End-Use Industry
    2.5 Key Trends by Geography
3. High-Strength Concrete Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. High-Strength Concrete Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. High-Strength Concrete Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. High-Strength Concrete Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. High-Strength Concrete Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. High-Strength Concrete Market – By Product Type (Market Size -$Million/Billion)
    8.1 Ready-mix/Pre-mix concrete
    8.2 Precast Concrete
    8.3 On-Site
9. High-Strength Concrete Market - By Types (Market Size -$Million/Billion)
    9.1 High Performance Concrete
    9.2 Very High-Performance Concrete
10. High-Strength Concrete Market – By End Use Industry (Market Size-$Million/Billion)
    10.1 Residential construction
    10.2 Commercial construction
        10.2.1 Hospitals and Healthcare Infrastructure
        10.2.2 Hotels and Restaurants
        10.2.3 Banks and Financial Institutions
        10.2.4 Airports
        10.2.5 Others
    10.3 Industrial Construction
    10.4 Infrastructure
        10.4.1 Roads
        10.4.2 Bridges
        10.4.3 Military Construction
        10.4.4 Others
11. High-Strength Concrete Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. High-Strength Concrete Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. High-Strength Concrete Market – Industry/Segment Competition Landscpae Premium
    13.1 Company Benchmarking Matrix- Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. High-Strength Concrete Market – Key Company List by Country Premium Premium
15. High-Strength Concrete Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"