Self-compacting Concrete Market is Anticipated Witness Phenomenal Growth by Changing Trends of Construction Industry over 2019 – 2024

According to Global Market Insights, Self-compacting Concrete Market provides a comprehensive analysis of the Self-compacting Concrete market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Self-compacting Concrete industry.

Self-compacting concrete market has indeed brought a revolution in the construction sector, inherently fueled by its ability to achieve full consolidation without any kind of mechanical vibration and compromise on consistency of quality. With the deployment of SCC getting more pronounced in constructional projects, the requirement of R&D activities to exploit its full potential has become even more crucial. In fact, recently, market players are heavily engaging in diversifying the product matrix in sync with the sustainability and environmental viability trends.

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One of the most remunerative, renowned, and rapidly evolving business spheres of recent times, self-compacting concrete market has been phenomenally influenced by the changing trends of construction industry. Self-compacting concrete, of late, has become an integral component of modern construction activities owing to some of its excellent beneficiary features like high flowability and segregation resistance. In response to the extensive use of this material in the evolving constriction sector, self-compacting concrete industry size is anticipated to witness a massive proliferation in the forthcoming years. Statistics further can be placed as an affirmation to the aforementioned declaration- the overall construction spending in the year 2015, was almost around USD 7 trillion, and is slated to exceed USD 13 trillion by the end of 2023.

A large number of macro-economic factors which are closely linked with construction domain, needless to say, has left a perpetual influence on the self-compacting concrete market dynamics. For instance, the demographic structure across GCC countries had wide range implications on the construction sector, which by extension has soared up the demand for self-consolidating concrete. Reports claim, the GCC belt has been one of those few regions which have observed a tremendous economic boost post the financial crisis in 2008, with a record of GDP growth of almost 24% over the period of 2008-2013.

Speaking of geographical penetration, Asia Pacific has been a vanguard of global self-compacting concrete market over the recent years, having held a revenue of USD 14 billion in 2016. Rapid industrialization and urbanization across major economies are claimed to be the prime factors enhancing the regional market outlook. According to the reports, with China at the growth front, APAC belt is expected to account for almost 60% of the overall construction spending by 2025. In addition, numerous favorable policies implemented by the governmental bodies under the structural reform plan will further complement the self-compacting concrete industry growth.

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Companies engaged in self-compacting concrete market are concentrating on forging strong alliance to come up with innovative sustainable solutions. Citing a latest instance, Tarmac, one of the most acclaimed U.K. based leading sustainable materials group, has recently acquired remaining 50% share of Scottish Power under its long-standing ScotAsh joint venture. Reportedly, through this deal, the U.K. based giant would get the full ownership of ScotAsh. Experts deemed this move to be highly strategic from Tarmac’s perspective, with regards to its aim of expanding its customer base with cutting-edge solutions, leveraging the superfluity of combined expertise of both the organizations. With the world treading on the path of sustainability trends, the room for evolution of self-compacting concrete industry is huge. Global Market Insights, Inc., forecasts the overall market size to exceed a valuation of USD 30 billion by 2024.

Partial Chapter of the Table of Content

Chapter 2. Executive Summary

2.1.  Self-compacting concrete industry 360° synopsis, 2013 – 2024

2.1.1.     Business trends

2.1.2.     Raw material trends

2.1.3.     Design mix by application trends

2.1.4.     Application trends

2.1.5.     End-user trends

2.1.6.     Regional trends

Chapter 3. Self-compacting Concrete Industry Insights

3.1.  Industry segmentation

3.2.  Industry size and forecast, 2013 – 2024

3.3.  Industry ecosystem analysis

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3.3.1.     Vendor matrix

3.3.2.     Distributor channel analysis

3.3.3.     Profit margin analysis

3.3.4.     Value addition at each stage

3.4.  Industry impact forces

3.4.1.     Growth drivers

3.4.1.1.   Strong growth in the building & construction industry in Asia Pacific

3.4.1.2.   Rising oil & gas industry in North America

3.4.1.3.   Rapidly growing construction industry in the Middle East & Africa

3.4.2.     Industry pitfalls & challenges

3.4.2.1.   High raw material cost compared to conventional concrete

3.4.2.2.   Limited product use in the infrastructure industry

3.5.  Growth potential analysis

3.6.  Regulatory trends

3.6.1.     U.S.

3.6.2.     Europe

3.6.3.     China

3.7.  Porter’s analysis

3.8.  Company market share analysis, 2016

3.8.1.     Strategy dashboard

3.9.  PESTEL analysis

3.10.  Regional price trends

3.10.1.   Cost structure analysis

3.10.2.   Raw material trends

3.10.3.   Product pricing trends

Related News: https://www.marketwatch.com/press-release/rapid-strength-concrete-market-2019—study-by-regions-applications-and-growth-prospects-2019-04-10