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Smart Concrete Market Share

Report ID: GMI12569
Published Date: Dec 2024
Report Format: PDF

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Smart Concrete Market Share

In 2023, key companies like Owens Corning, Holcim, Kryton, Sika, etc. held a combined market share of 5-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Companies are heavily investing in research and development to develop technologically advanced smart concrete that align with the changing and evolving industry’s needs and preferences. Competitive strategies frequently center on product differentiation, where manufacturers augment their offerings with distinctive features, and geographic expansion to penetrate emerging markets. In this dynamic environment, companies that adeptly innovate and respond to market trends are poised for the most significant growth.

Smart Concrete Market Companies

Major players operating in the smart concrete industry are:

Acciona
BASF
Basilisk
Bouygues Construction
Breedon Group
Cemex
Heidelberg Materials
Holcim
Hycrete
Kryton
Sika AG
Xypex Chemical Corporation

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for smart concrete was reached USD 88.2 billion in 2023 and is estimated to grow at a 11.9% CAGR from 2024 to 2032, driven by the construction industry's focus on reducing its carbon footprint.

The self-healing concrete segment reached USD 57.7 billion in 2023, led by research into organic materials like bacteria and fungi that enhance self-repair capabilities.

The commercial buildings segment held approximately 32.4% share of the smart concrete market in 2023, propelled by the need for robust materials to minimize maintenance in structures like office complexes, malls, hotels, and hospitals.

The U.S. smart concrete market size surpassed USD 23.7 billion in 2023 and is estimated to grow at a 12.6% CAGR from 2024 to 2032, due to substantial infrastructure investments and stringent regulatory frameworks.

Key players in the smart concrete industry include Acciona, BASF, Basilisk, Bouygues Construction, Breedon Group, Cemex, Heidelberg Materials, Holcim, Hycrete, Kryton, Sika AG, and Xypex Chemical Corporation.