The ultra-high performance concrete market was valued at USD 425.63 million in 2021 and is expected to reach USD 753.47 million by 2029, registering a CAGR of 7.40 % during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and technological advancements.
Ultra-High Performance Concrete (UHPC)
has strong structures with high compressive strength due to which it is extensively
used in the construction industry. It is a type of concrete with a compressive
strength above 150 megapascals (MPa). It derives with required tensile
ductility, toughness, and specified durability. To attain these requirements,
fiber is used in the mixture. Due to the low cost of ultra-high performance
concrete, it is preferred over conventional concrete coatings. In ultra-high
performance concrete, water to binder ratio is commonly below 0.25.
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Ultra-high Performance Concrete Market
Dynamics
Drivers
Increase the demand of new construction
projects
Due to improvement in macroeconomic
conditions increase the demand for new construction projects globally. Strong
growth has been witnessed in housing projects and new residential. Also, the
demand for concrete with better durability, sustainability, superior quality
higher compressive strength, and reduced weight is anticipated to drive the
growth of the ultra-high performance concrete market
Rise in demand for non-residential and
non-commercial construction
The demand for ultra-high performance
concrete is mainly driven by increased demand for non-residential and
non-commercial construction. Public-private organizations (PPPs) are also
driving the growth of this section, which is driving the demand for several
grades of ultra-high performance concrete in infrastructure projects.
Opportunities
Development of new products and services
Due to Increasing the urbanization
globally which leads to the increase the number of prevalence of high
performance material, construction activities, rising funds for the development
of industrialisation and infrastructure are few factors which will expected to
increase the growth of the ultra-high performance concrete market during
forecast period
COVID-19 Impact on Ultra-High Performance
Concrete Market
Ultra-high-performance concrete market
affected drastically during COVID-19 pandemic because the demand of
ultra-high-performance concrete from several industries decreased mostly from
the construction sector. Due to the imposed lockdown, the imports and exports
of the construction materials are ceased. The transportation services are
banned globally, affecting the trade of construction materials. Therefore, the
supply and demand for these materials are halted. But after lifting the
lockdown, the ultra-high performance concrete market growth increases due to
the increase for its multiple benefits in several industries.
Global Ultra-High Performance Concrete
Market Scope
Material
- Cement
- Admixtures
- Sand and Quartz Flour
- Others
Product
- Slurry-infiltrated Fibrous Concrete (SIFCON)
- Reactive Powder Concrete (RPC)
- Others
Application
- Residential
- Infrastructure
- Commercial
- Others
End-user
- Construction Industry
- Marine Industry
Ultra-High Performance Concrete Market
Regional Analysis/Insights
The countries covered in the ultra-high
performance concrete market report are U.S., Canada, Mexico, Brazil, Argentina,
Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia,
Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea,
Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia,
Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt,
Israel, South Africa, Rest of Middle East and Africa.
Asia-Pacific dominates the ultra-high
performance concrete market in terms of residential and infrastructural
construction sector and will continue to flourish its dominance during the
forecast period of 2022 to 2029.
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