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Self-Compacting Concrete Market size is projected to witness significant growth at more than 5.3% CAGR from 2023 to 2032, driven by the ongoing government initiatives aimed at constructing new housing infrastructure worldwide. The rising recognition of several governments about the potential of self-compacting concrete (SSC) to streamline construction processes, improve structural integrity, and reduce environmental impact will drive the market growth.
For instance, the European government is likely to finance investments of about EUR 26.8 billion for infrastructure, housing, and R&D by 2022 through the National Productivity Investment Fund. The growing number of housing projects has stirred the higher usage of SSCs to shorten the construction timelines, leading to quicker delivery of homes to cater to the surging demands. The burgeoning government efforts on affordable housing and urban development will also augment the industry outlook.
Report Attribute | Details |
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Base Year: | 2022 |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 5.3% |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 258 |
Tables, Charts & Figures: | 434 |
Segments covered: | Raw Material, Design Mix, Application, End-user and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The rising product demand for the ongoing development of the oil and gas sector, particularly in North America will define the industry growth. Driven by their ability to enhance construction efficiency and durability, SSCs are increasingly adopted for various projects. However, the higher raw material costs compared to conventional concrete may lead to sluggish industry development. The specialized ingredients required for SCC in escalate production are also expensive. Thus, this cost disparity may limit product adoption, particularly in price-sensitive construction markets.
The COVID-19 pandemic exerted multifaceted impacts on the self-compacting concrete market expansion due to unprecedented challenges mainly in the construction sector due to lockdowns, labor shortages, and disrupted supply chains. With the rapid virus spread globally and the hindered construction projects, the demand for SCC witnessed significant decline in the short term. However, the surging prominence of efficient construction practices owing to labor limitations along with the rising government support and surge in infrastructure projects contributed to significant industry expansion.
The increasing adoption of sustainable construction practices is one of the major trends influencing the market expansion. The rising environmental concerns has pushed the construction industry to seek various eco-friendly solutions, adding to the market size.
For instance, in March 2022, to spread awareness about the usage of green cement, the governments of India, the U.K., Germany, the UAE, and Canada, as part of the new Industrial Deep Decarbonization Initiative, announced a pledge to purchase low-carbon steel and concrete from the heavy industry. The growing stringency of green building standards and regulations is likely to further drive the market demand.
Self-compacting concrete market size from the admixture segment is anticipated to grow at over 5.5% CAGR through 2032, attributed to the rising demand for high-performance additives to improve workability, flowability, and segregation resistance for enabling efficient construction and reducing labor efforts. Moreover, manufacturers are taking constant efforts to innovate and provide specialized admixtures to cater to different construction needs, supporting the segment growth. For instance, in January 2023, Bio Graphene Solutions (BGS) developed a strength performance admixture for commercial concrete mix designs for transforming 100% organic materials into high-quality graphene via proprietary cleantech methods.
The self-compacting concrete market from the viscosity agent segment is estimated to exhibit significant growth at more than 4.5% CAGR during the forecast period, due to rising adoption for construction efficiency and quality. Effective viscosity agents offer optimal workability, even in congested reinforcement areas, intricate shapes, and tight spaces, leading to improved construction speed, reduced labor requirements, and enhanced surface finishes. The thriving urbanization and infrastructure projects globally and the rising product uptake for superior flow and placement characteristics will add to the segment growth.
The columns application segment of the self-compacting concrete market is poised to depict over 5% CAGR till 2032, owing to the extensive application of SCCs in constructing columns for better compressive and tensile strength. With rising number of construction projects emphasizing efficient construction practices and superior aesthetics, the need for distinct flowability and filling intricate molds without vibration while constructing columns is substantially rising, further driving the product uptake.
Asia Pacific self-compacting concrete market is likely to foresee more than 5% CAGR between 2023 and 2032. The rapid industrialization and urbanization has amplified investments in the construction sector of the region. For instance, the Indian construction industry is anticipated to reach $1.4 Tn by 2025. On account of their unique ability to flow and fill complex molds without the need for vibration, SSCs are witnessing higher adoption in high-density urban areas of countries, including China, Japan, and India. Additionally, the rising emphasis on durable and aesthetically appealing structures will add to the regional industry growth.
The competitive landscape of the self-compacting concrete market includes major companies, such as
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Market, By Raw Material
Market, By Design Mix
Market, By Application
Market, By End-User
The above information has been provided for the following regions and countries: