Global Rapid Strength Concrete Market size was valued at USD 161.21 billion in 2022 which is expected to reach USD 292.26 billion in 2030 with a CAGR of 7.72% for the forecast period between 2023 and 2030.
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Global Rapid Strength Concrete Market size was valued at USD 161.21 billion in 2022 which is expected to reach USD 292.26 billion in 2030 with a CAGR of 7.72% for the forecast period between 2023 and 2030. Construction of multi-story and high-rise structures is one of the main causes boosting the demand for fast strength concrete in a variety of applications in construction and infrastructure sector. Cost of building materials is a significant consideration during construction, particularly in underdeveloped nations. Affordability is one of the project owner's top priorities during construction. The construction sector is primarily driven by projects linked to corporate expansion, rehabilitation of existing buildings, and other structures in industrialized nations like the United States, which will likely present a significant potential for the market in the coming years.
The rapid increase in urbanization leading to a greater demand for infrastructural development such as airports, dockyards, rail network, roads, and bridges as well as other applications are likely to drive the market growth. Due to industrialization-driven fast urbanization, the construction industry is expanding at a healthy rate, especially in developing nations like India and China. In turn, this is increasing demand for commercial buildings, including offices, complexes, and other types of businesses like schools.
Demand in Airport Applications
In contrast to conventional pouring concrete, rapid strength concrete develops high strength within hours of placement, making it a popular choice for airport building. They are also useful in speeding up construction, are simple to install, and save a lot of time on building sites. In addition to a few other uses, quick strength concrete is used in airports for runways, taxiways, airport aprons, terminal buildings, aircraft hangars, fire stations, and parking lots. Additionally, as they are vulnerable to deterioration from abrasion, impact, frost attack, subsidence, and cracking, they are frequently employed in pavement concrete repairs. They therefore need quick-setting concretes that can offer urgent repairs.
Increase in Government Initiatives Supporting the Construction Industry
Conventional cement which are labour and time intensive in nature are gradually becoming less popular in the construction sector. This is due to the growing interest of construction industry in increasing the use of quick strength concrete based on specific chemicals. Government investment on boosting the building and construction sector has resulted in a booming building and construction business in places like Asia Pacific, Europe, and North America. In India, the government has started initiatives like "100 Smart Cities" and "Housing for All by 2022," which are anticipated to drive the residential building market there during the projection year. The Netherlands' construction industry is growing owing to the government's program for a circular economy, which aims to create a circular economy in the country by 2050. The Trump administration proposes to invest USD 906 million through the discretionary grant program Infrastructure for Rebuilding America (INFRA) in America's infrastructure, the Secretary of Transportation of the United States said in June 2020.
Growth in Industrial Construction Sector
Using certain chemicals that dry more quickly, rapid strength concrete is created to get rid of the supporting structure and produce it in a shorter amount of time. It also has improved qualities like fibers for crack resistance, higher toughness, and more, making it a superb corrosion inhibitors material for industrial buildings. As part of its efforts to reduce carbon emissions, the Spanish oil and gas giant Repsol intended to invest USD 90 million (EUR 80 million) in building two new units in the Bilbao region in June 2020. This project will construct one of the biggest net-zero emissions synthetic fuel production facilities. Globally, many oil and gas (O&G) and power generation firms are starting new capital projects to expand, consequently fueling the market for quick strength concrete.
Impact of COVID-19
Construction work was moderately hampered in 2020 due to numerous problems, such as supply chain disruption, a lack of subcontractors and building materials, and the termination of expense control contracts, even though short-term construction activity continued. As a result of the Engineering, Procurement and Construction (EPC) contractors' declaration of force majeure, there were financial shortfalls for construction. The government altered its 2020 budget to prioritize recurring investment in response to the pandemic. All these variables affected the annual short- to medium-term infrastructure investment deficit in 2020, which in turn affected the demand for the growth of the market for quick strength concrete.
Impact of Russia-Ukraine War
The Russia-Ukraine war created the energy and gas crises. Russian energy and gas are essential to all of Europe. The price of building materials and energy, particularly coal, has risen since the start of the war. Together, they had a devastating impact on the whole build material business. The German Statistics Office reports that in February 2022, cement prices increased by 5%. According to the Spanish Cement Association, the demand for cement has climbed by 14% from the previous year. European nations have grown their cement consumption, and there are no signs that this trend will reverse. However, because upstream crude oil costs are so high, the downstream cement industry needs help to keep up with demand. Since Russia supplies the majority of Europe's crude oil, the war has resulted in a decrease in that supply. The Netherlands, Belgium, and the United Kingdom have all slapped sanctions on Russia to exacerbate the situation. These penalties will cause trade between other nations and Russia to slow or end. Cement prices and related goods are significantly rising in Europe due to these factors.
Global Rapid Strength Concrete Market: Report Scope
“Global Rapid Strength Concrete Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the rapid strength concrete market globally, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
Report Attribute |
Details |
Base Year of the Analysis |
2022 |
Historical Period |
2016-2021 |
Forecast Period |
2023-2030 |
Projected Growth Rate |
CAGR of 7.72% between 2023 and 2030 |
Revenue Forecast in 2030 |
USD 292.26 billion |
Units |
Revenue in USD billion |
Segments Covered |
Application and Region |
Regions Covered |
North America, Europe, South America, Asia-Pacific, Middle East, and Africa |
Key Companies Profiled |
LafargeHolcim Ltd., Boral limited, Cemex S.A.B de C.V, Fosroc Ind., Sika A.G., Westbuild Products, BASF SE, CTS Cements, Aggregate Industries U.K Ltd., Perimeter Concrete Ltd., |
Customization Scope |
15% free report customization with purchase |
Pricing and Purchase Options |
Avail the customized purchase options to fulfil your precise research needs |
Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In this report, Global Rapid Strength Concrete Market has been segmented into the following categories:
1. By Application
1.1. Residential
1.1.1.Apartment Complexes
1.1.2.Family Dwellings
1.1.3.Others
1.2. Commercial
1.2.1. Road/Bridge
1.2.2. Dockyard
1.2.3. Parking Areas
1.3. Industrial
1.3.1.Airport
1.3.2.Rail Networks
1.3.3.Others
1.4. Others
2. By Region
2.1. North America
2.2. Europe
2.3. South America
2.4. Asia-Pacific
2.5. Middle East and Africa
Key Players Landscape and Outlook
Key players are investing in R&D projects to introduce technologically advanced products and increase production capabilities to stay ahead of the competition. The industry is growing through both organic and inorganic business strategies including alliances, mergers & acquisitions, joint ventures, etc. The global rapid strength concrete market is led by companies such as LafargeHolcim Ltd., Boral limited, Cemex S.A.B de C.V, Fosroc Ind., Sika A.G. and others.
In November 2021, Sika AG had acquired MBCC Group, which is a leading global supplier of construction chemicals which will help to drive a positive change in the building and construction sector. Some of the well-established brands of MBCC are Nautec, Thermotek, Colorbiotics, Fire Protectors, Master Builders Solutions, Watson Bowman Acme, Wolman, TPH, and PCI. In February 2023, The European Commission had approved the acquisition of MBCC by Sika AG under the EU Merger Regulation. Thus, such developments of mergers and acquisitions are expected to drive the market of rapid strength concrete in the coming years.
Key Players Operating in Global Rapid Strength Concrete Market are:
· LafargeHolcim Ltd.,
· Boral Limited
· Cemex S.A.B de C.V
· Fosroc Ind.
· Sika A.G.
· Westbuild Products
· BASF SE
· CTS Cements
· Aggregate Industries U.K Ltd.
· Perimeter Concrete Ltd.,
Key Benefits of Buying This Report
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1. Research Methodology
2. Project Scope & Definitions
3. Impact of COVID-19 on Rapid Strength Concrete Market
4. Impact of Russia-Ukraine War
5. Executive Summary
6. Voice of Customer
6.1.1.Market Awareness and Product Information
6.1.2.Brand Awareness and Loyalty
6.1.3.Factors Considered in Purchase Decision
6.1.3.1. Brand Name
6.1.3.2. Quality
6.1.3.3. Quantity
6.1.3.4. Price
6.1.3.5. Product Specification
6.1.3.6. Application Specification
6.1.3.7. Shelf-Life
6.1.3.8. Availability of Product
6.1.4.Frequency of Purchase
6.1.5.Medium of Purchase
7. Rapid Strength Concrete Market Outlook, 2016-2030F
7.1. Market Size & Forecast
7.1.1.By Value
7.1.2.By Volume
7.2. By Application
7.2.1.Residential
7.2.1.1. Apartment Complexes
7.2.1.2. Family Dwellings
7.2.1.3. Others
7.2.2.Commercial
7.2.2.1. Road/Bridge
7.2.2.2. Dockyard
7.2.2.3. Parking Areas
7.2.3.Industrial
7.2.3.1. Airport
7.2.3.2. Rail Networks
7.2.3.3. Others
7.2.4.Others
7.3. By Region
7.3.1.North America
7.3.2.Europe
7.3.3.South America
7.3.4.Asia-Pacific
7.3.5.Middle East and Africa
8. Rapid Strength Concrete Market Outlook, By Region, 2016-2030F
8.1. North America*
8.1.1. By Application
8.1.1.1. Residential
8.1.1.1.1. Apartment Complexes
8.1.1.1.2. Family Dwellings
8.1.1.1.3. Others
8.1.1.2. Commercial
8.1.1.2.1. Road/Bridge
8.1.1.2.2. Dockyard
8.1.1.2.3. Parking Areas
8.1.1.3. Industrial
8.1.1.3.1. Airport
8.1.1.3.2. Rail Networks
8.1.1.3.3. Others
8.1.1.4. Others
8.1.2.United States*
8.1.2.1. By Application
8.1.2.1.1. Residential
8.1.2.1.1.1. Apartment Complexes
8.1.2.1.1.2. Family Dwellings
8.1.2.1.1.3. Others
8.1.2.1.2. Commercial
8.1.2.1.2.1. Road/Bridge
8.1.2.1.2.2. Dockyard
8.1.2.1.2.3. Parking Areas
8.1.2.1.3. Industrial
8.1.2.1.3.1. Airport
8.1.2.1.3.2. Rail Networks
8.1.2.1.3.3. Others
8.1.2.1.4. Others
*All segments will be provided for all regions and countries covered
8.1.3.Canada
8.1.4.Mexico
8.2. Europe
8.2.1.Germany
8.2.2.France
8.2.3.Italy
8.2.4.United Kingdom
8.2.5.Russia
8.2.6.Netherlands
8.2.7.Spain
8.2.8.Turkey
8.2.9.Poland
8.3. South America
8.3.1.Brazil
8.3.2.Argentina
8.4. Asia-Pacific
8.4.1.India
8.4.2.China
8.4.3.Japan
8.4.4.Australia
8.4.5.Vietnam
8.4.6.South Korea
8.4.7.Indonesia
8.4.8.Philippines
8.5. Middle East & Africa
8.5.1.Saudi Arabia
8.5.2.UAE
8.5.3.South Africa
9. Supply Side Analysis
9.1. Capacity, By Company
9.2. Production, By Company
9.3. Operating Efficiency, By Company
9.4. Key Plant Locations (Up to 25)
10. Market Mapping, 2022
10.1. By Application
10.2. By Region
11. Macro Environment and Industry Structure
11.1. Supply Demand Analysis
11.2. Import Export Analysis – Volume and Value
11.3. Supply/Value Chain Analysis
11.4. PESTEL Analysis
11.4.1. Political Factors
11.4.2. Economic System
11.4.3. Social Implications
11.4.4. Technological Advancements
11.4.5. Environmental Impacts
11.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
11.5. Porter’s Five Forces Analysis
11.5.1. Supplier Power
11.5.2. Buyer Power
11.5.3. Substitution Threat
11.5.4. Threat from New Entrant
11.5.5. Competitive Rivalry
12. Market Dynamics
12.1. Growth Drivers
12.2. Growth Inhibitors (Challenges, Restraints)
13. Key Players Landscape
13.1. Competition Matrix of Top Five Market Leaders
13.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
13.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
13.4. SWOT Analysis (For Five Market Players)
13.5. Patent Analysis (If Applicable)
14. Pricing Analysis
15. Case Studies
16. Key Players Outlook
16.1. LafargeHolcim Ltd.
16.1.1. Company Details
16.1.2. Key Management Personnel
16.1.3. Products & Services
16.1.4. Financials (As reported)
16.1.5. Key Market Focus & Geographical Presence
16.1.6. Recent Developments
16.2. Boral Limited
16.3. Cemex S.A.B de C.V
16.4. Fosroc Ind.
16.5. Sika A.G.
16.6. Westbuild Products
16.7. BASF SE
16.8. CTS Cements
16.9. Aggregate Industries U.K Ltd.
16.10. Perimeter Concrete Ltd
*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
17. Strategic Recommendations
18. About Us & Disclaimer
List of Figures: Global Rapid Strength Concrete Market
Figure 1. Global Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 2. Global Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 3. Global Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 4. Global Rapid Strength Concrete Market Share, By Region, in USD Billion, 2016-2030F
Figure 5. North America Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 6. North America Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 7. North America Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 8. North America Rapid Strength Concrete Market Share, By Country, in USD Billion, 2016-2030F
Figure 9. United States Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 10. United States Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 11. United States Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 12. Canada Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 13. Canada Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 14. Canada Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 15. Mexico Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 16. Mexico Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 17. Mexico Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 18. Europe Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 19. Europe Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 20. Europe Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 21. Europe Rapid Strength Concrete Market Share, By Country, in USD Billion, 2016-2030F
Figure 22. Germany Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 23. Germany Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 24. Germany Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 25. France Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 26. France Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 27. France Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 28. Italy Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 29. Italy Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 30. Italy Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 31. United Kingdom Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 32. United Kingdom Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 33. United Kingdom Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 34. Russia Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 35. Russia Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 36. Russia Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 37. Netherlands Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 38. Netherlands Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 39. Netherlands Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 40. Spain Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 41. Spain Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 42. Spain Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 43. Turkey Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 44. Turkey Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 45. Turkey Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 46. Poland Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 47. Poland Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 48. Poland Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 49. South America Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 50. South America Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 51. South America Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 52. South America Rapid Strength Concrete Market Share, By Country, in USD Billion, 2016-2030F
Figure 53. Brazil Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 54. Brazil Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 55. Brazil Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 56. Argentina Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 57. Argentina Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 58. Argentina Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 59. Asia-Pacific Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 60. Asia-Pacific Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 61. Asia-Pacific Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 62. Asia-Pacific Rapid Strength Concrete Market Share, By Country, in USD Billion, 2016-2030F
Figure 63. India Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 64. India Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 65. India Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 66. China Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 67. China Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 68. China Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 69. Japan Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 70. Japan Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 71. Japan Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 72. Australia Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 73. Australia Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 74. Australia Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 75. Vietnam Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 76. Vietnam Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 77. Vietnam Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 78. South Korea Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 79. South Korea Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 80. South Korea Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 81. Indonesia Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 82. Indonesia Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 83. Indonesia Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 84. Philippines Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 85. Philippines Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 86. Philippines Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 87. Middle East & Africa Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 88. Middle East & Africa Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 89. Middle East & Africa Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 90. Middle East & Africa Rapid Strength Concrete Market Share, By Country, in USD Billion, 2016-2030F
Figure 91. Saudi Arabia Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 92. Saudi Arabia Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 93. Saudi Arabia Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 94. UAE Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 95. UAE Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 96. UAE Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 97. South Africa Rapid Strength Concrete Market, By Value, in USD Billion, 2016-2030F
Figure 98. South Africa Rapid Strength Concrete Market, By Volume, in Gigawatts, 2016-2030F
Figure 99. South Africa Rapid Strength Concrete Market Share, By Application, in USD Billion, 2016-2030F
Figure 100. By Application Map-Market Size (USD Billion) & Growth Rate (%), 2022
Figure 101. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2022
List of Tables: Global Rapid Strength Concrete Market
Table 1. Pricing Analysis of Products from Key Players
Table 2. Competition Matrix of Top 5 Market Leaders
Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
Table 4. About Us - Region and Countries Where We Have Executed Client Projects
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2,760
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6,970
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15%
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