New York (US), April 06, 2023 (GLOBE NEWSWIRE) -- Self-Consolidating Concrete Market Overview
According to a Comprehensive Report by Market Research Future (MRFR), “Self-Consolidating Concrete Market Information by Constituent, Application, and Region - Forecast till 2027", the market for self-consolidating concrete can expect to attain a valuation of USD 18.90 billion, developing at a rate of 6.9% from 2021 to 2027.
Market Synopsis
Self-consolidating concrete (SCC), often referred to as self-compacting concrete, is a combination of concrete with moderate viscosity, low yield stress, segregation resistance, and high deformability to ensure uniform suspension of solid particles. The market is expanding since self-consolidating concrete doesn't need vibration operations during installation. In addition, self-consolidating concrete produces extremely little noise during building operations, and rising government financing for the construction of transportation infrastructure is one of the key factors driving the operational market.
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Market Competitive Landscape
The affluent companies in the self-consolidating concrete market are
- BASF SE
- CEMEX S.A.B. DE C.V.
- Breedon Group plc
- LafargeHolcim
- Sika AG
- Tarmac
- UltraTech Cement Ltd.
- Unibeton Ready Mix
- Among others.
| Report Attribute | Details |
| Market Size in 2030 | USD 18.90 billion |
| CAGR | 6.9% (2021-2027) |
| Base Year | 2020 |
| Forecast Period | 2021–2027 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Constituent, Application |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Market Drivers | Increased demand for a non-vibrating technique |
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Given the moderate competition, the market is exhibiting a strategic monopoly. Nonetheless, the number of new entrants has favored the ability to capture market share from the local market due to the modest initial expenditures in self-consolidating concrete manufacture. New competitors may have an impact on the businesses of world leaders. Also, to maintain a competitive edge in a moderately competitive environment, the world's leaders will constantly pursue technical advancements and strategic alliances.
The major competitors in the market engage in a variety of methods, such as the introduction of new products, joint ventures, business transactions, mergers, and acquisitions, to maintain and increase their market share.
Market USP Covered:
Market Drivers:
In the oil and gas sector, drilled holes are commonly built with self-compacting concrete. The desire for a non-vibrating method of setting concrete, declining M.R.O. prices, improved air quality, and reduced environmental effect of self-consolidating concrete-based reworking and construction activities are all factors contributing to the market's expansion. In order to sustain structures that are subjected to considerable axial and lateral stresses, deep foundation solutions known as "drilled shafts" are utilized. Concrete is used to fill cylindrical shafts that have been drilled into the earth. Self-compacting concrete is quicker and simpler to install. In terms of aesthetics, mechanical capabilities, and durability, self-compacting concrete can perform better than regular concrete. Self-compacting concrete demand is anticipated to be driven by finance in the oil and gas industry.
In the next years, the market is expected to see a range of development opportunities due to the rising demand for low-fines self-compacting concrete (also known as smart, dynamic concrete) and the booming building and construction sector.
Market Restraints:
Limited use of self-compacting concrete in emerging economies is anticipated to pose a challenge to market growth in the given period. High raw material prices and eco-SCC as an alternative to self-compacting concrete are anticipated to act as key restraints on the self-compacting concrete market growth rate in the forecast period.
COVID 19 Analysis
Cement manufacturing produces 7 to 8% of global emissions, therefore the industry's need to become carbon neutral is growing. Companies must reduce carbon emissions to ensure long-term profitability. Due to worldwide closures to stop the spread of disease, activities at manufacturing facilities and building sites ended, which caused a significant delay in the expansion of concrete output. Due to overcapacity, product sales have declined as the COVID-19 epidemic in several countries has subsided. Due to the economic crisis and poor consumer confidence, cement consumption fell in the first half of 2020, even in nations where building was not on the list of forbidden economic activity during the lockdown.
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Market Segmentation
By Constituent
Cement, aggregates, admixtures, and other constituents make up the market segmentation for self-consolidating concrete depending on the constituent. Self-consolidating concrete saw a market growth that was noticeably high in the admixtures category in 2021 and is anticipated to lead the market with the highest CAGR over the anticipated period. Due to their capacity to stabilize and resist segregation in the plastic concrete mix, additives hold the biggest market share. When grading the available aggregate sources cannot be optimized for cohesive blends or when there are significant source differences, additives are employed to change the viscosity of the mixture. A well-distributed aggregate grade results in S.C.C. that contains fewer cementitious materials and requires less admixture. They are also used to increase the durability of concrete.
By Application
Precast concrete, architectural, residential, infrastructure, and other applications make up the self-consolidating concrete market segmentation by application. The industry with the largest market share in 2021 is also anticipated to expand at the quickest CAGR. In comparison to more established technologies like shotcrete, self-consolidating concrete offers high flow rates, strong bonding, low permeability, and smooth surfaces. Self-consolidating concrete can also be used in small spaces to match the geometry of an existing structure. These benefits have led to a growth in the usage of self-consolidating concrete (S.C.C.) in the infrastructure building sector in recent years. S.C.C. is employed in a variety of applications, including full-depth precast bridge deck panels, raised decks, thin and radiant flooring, columns, and bridge pier repair and rehabilitation.
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Regional Insights
The Asia-Pacific market holds the top position, up to 48%, as a result of the region’s flourishing building and construction sector, which is raising demand for self-consolidating concrete. China and India are experiencing a rise in construction as enormous amounts of funding flow in. Due to several businesses creating and adopting S.C.C., it is anticipated to change significantly throughout the projection period, particularly in India. India's Gross Domestic Product (GDP) is heavily influenced by the construction industry. Because to its substantial contribution to India's Gross Domestic Product, the sector serves as a platform for new prospects.
Because of encouraging government policies and upgraded infrastructure, North America is predicted to see the strongest development over the projected period. The rise of the market will probably be aided by the improving economies of countries like Brazil and the Middle East. Drilling operations will expand as a result of the US oil and gas industry's expansion, which will ultimately grow the self-compacting concrete market throughout the forecasted period of time. Also, Saudi Arabia will spend over USD 500 billion on a megaproject to boost its economy, which would have a favorable effect on the growth of the sector throughout the projection period.
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