Ultra-high-performance concrete market is expected to grow from USD 454.43 million in 2021 to USD 785.31 million by 2028 at a CAGR of 8.04% during the forecast period of 2022-2028. The growing demand for ultra-high-performance concrete is mainly due to high growth of construction activities across the world. The increasing number of commercial, residential and infrastructural assets worldwide is driving the market.
Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments' Analysis
Stratview Research has segmented the Ultra-high-Performance Concrete Market by Material Type (Cement, Admixtures, Sand and Quartz Flour, and Others), by Application Type (Residential, Commercial, Infrastructural, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Based on the application type, the ultra-high-performance concrete market is segmented as residential, commercial, infrastructural, and others (healthcare, institutional, military, hospitality, and anti-detonating construction). The infrastructural segment dominated the market in 2020, and is likely to lead the market during the forecast period. On the other hand, the residential segment is estimated to be the fastest-growing segment during the forecast period. The need for concrete with superior quality, higher compressive strength, durability, and reduced weight is expected to drive the market.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing ultra-high-performance concrete market during the forecast period. The market is driven by the extensive growth of construction industry in developing countries and huge investments made for building and rehabilitation of existing infrastructure, and the increasing units of new housing projects. All these factors are driving the growth of the ultra-high-performance concrete market in the region. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
The following are the key players in the Ultra-high-Performance Concrete Market -
- LafargeHolcim Ltd
- ACC Limited
- Sika AG
- Vicat SA
- S. Concrete, Inc.
- CEMEX S.A.B. de C.V.
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