Rapid Strength Concrete Market Report by Strength (0 To 40 MPa, 40 To 80 MPa, Above 80 MPa), Application (Airport, Building Floor, Dockyard, Formed Work, Parking Areas, Rail Network, Roads and Bridges, and Others), and Region 2024-2032
The global rapid strength concrete market size reached USD 144.8 Billion in 2023. Looking forward, the market is expected to reach USD 216.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032.
Report Attribute
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
USD 144.8 Billion
Market Forecast in 2032
USD 216.1 Billion
Market Growth Rate 2024-2032
4.4%
Rapid strength concrete (RSC) refers to a type of concrete that gains strength quickly and provides a lasting repair for the remaining service life of a structure. It is manufactured using high-quality ingredients and mixture designs and consequently offers numerous advantages over conventional concrete. As it helps businesses operating in the construction sector reduce their capital expenditure, RSC finds extensive applications in airports, dockyards, parking areas, and railway networks across the globe.
Rapid Strength Concrete Market Trends:
The rising demand for modern architecture around the world represents one of the key factors bolstering the growth of the market. Besides this, there is a considerable increase in the use of RSC for pavement rehabilitation and reconstruction. These pavements provide a smooth and durable all-weather traveling surface to cars, trucks, buses, bicycles, commuters, commercial motor carriers, delivery and service providers, local users, and leisure travelers. In addition, they play a pivotal role in the roadway network of a country and offer societal benefits, such as access to schools, services, offices, and general mobility. Apart from this, as RSC reaches opening strength in a short period, slab replacement can be accomplished overnight. Consequently, it is utilized for repairing different components of buildings and substructure elements on bridges, such as decks, piers, and columns. Moreover, key players are focusing on minimizing the impact of producing concrete on the environment by developing next-generation sustainable cement. They are also engaging in collaborations and mergers and acquisitions (M&A) with domestic players, which is positively influencing the market. Furthermore, governing authorities of numerous countries are introducing new projects for constructing highways and freeways, which is facilitating the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global rapid strength concretemarket report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on strength and application.
Breakup by Strength:
0 To 40 MPa
40 To 80 MPa
Above 80 MPa
Breakup by Application:
Airport
Building Floor
Dockyard
Formed Work
Parking Areas
Rail Network
Roads and Bridges
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global rapid strength concretemarket. Detailed profiles of all major companies have also been provided. Some of the companies covered include:
Aggregate Industries (Holcim Group)
Boral Limited
Bostik (Arkema S.A.)
Buzzi Unicem SpA
Cemex S.A.B. de C.V.
CTS Cement Manufacturing Corporation
Fosroc Inc. (JMH Group)
Instarmac Group PLC
Short Load Concrete Inc.
Sika AG
Tarmac (CRH plc)
Westbuild Group
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Report Coverage:
Report Features
Details
Base Year of the Analysis
2023
Historical Period
2018-2023
Forecast Period
2024-2032
Units
Billion USD
Segment Coverage
Strength, Application, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
Aggregate Industries (Holcim Group), Boral Limited, Bostik (Arkema S.A.), Buzzi Unicem SpA, Cemex S.A.B. de C.V., CTS Cement Manufacturing Corporation, Fosroc Inc. (JMH Group), Instarmac Group PLC, Short Load Concrete Inc., Sika AG, Tarmac (CRH plc) and Westbuild Group.
Customization Scope
10% Free Customization
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global rapid strength concrete market was valued at USD 144.8 Billion in 2023.
We expect the global rapid strength concrete market to exhibit a CAGR of 4.4% during 2024-2032.
The rising demand for rapid strength concrete over conventional concrete across the construction sector to reduce their capital expenditure is primarily driving the global rapid strength concrete market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for rapid strength concrete.
Based on the application, the global rapid strength concrete market can be bifurcated into airport, building floor, dockyard, formed work, parking areas, rail network, roads and bridges, and others. Currently, roads and bridges hold the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.
Some of the major players in the global rapid strength concrete market include Aggregate Industries (Holcim Group), Boral Limited, Bostik (Arkema S.A.), Buzzi Unicem SpA, Cemex S.A.B. de C.V., CTS Cement Manufacturing Corporation, Fosroc Inc. (JMH Group), Instarmac Group PLC, Short Load Concrete Inc., Sika AG, Tarmac (CRH plc), and Westbuild Group.
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