Self-compacting Concrete Market Trends

  • Report ID: 5661
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Self-compacting Concrete Market Trends

Growth Drivers

  • Surge in the demand for efficient construction techniques - The goal of construction businesses is to finish projects on schedule. This is increasing the demand for cutting-edge materials that can speed up construction without sacrificing quality. The drive for efficiency in building is aligned with SCC's unique capacity to flow and compact under its weight, without the need for standard vibration methods.
  • This feature expedites the placement procedure and lessens the need for manual labor, which saves money and accelerates project completion. Thus, the growth of self-compacting concrete market is being driven by an increase in demand for effective construction approaches.
  • Growing trend for enhanced aesthetic - Architecture and design elements are always changing. This is increasing the demand for building supplies that can satisfy these needs without sacrificing effectiveness or quality. Surfaces produced by SCC are remarkably smooth and homogeneous because of their remarkable flowability and ease of filling intricate formwork and reinforcing systems. This intrinsic feature saves time and costs by doing away with the requirement for labor-intensive manual finishing procedures. As a result, SCC is increasingly the go-to option for projects where aesthetics is important.
  • Precision and fine detailing are frequently needed for modern building projects, with an emphasis on immaculate surface finishes. Because of SCC's ability to provide outstanding finishes, architects, and designers are coming to them more and more to realize their creative ambitions. This is accelerating the self-compacting concrete market's progress.
  • Growing shift towards sustainable construction practices - Waste and water consumption are accounted for by buildings and the construction sector at 33%. Materials that minimize environmental effects and reduce waste are becoming more and more popular as a result of the global move towards sustainable construction practices.
  • Because of its effective placement method, SCC produces less construction waste, which is consistent with sustainability standards and makes it a desirable option for projects that care about the environment. Therefore, it is predicted that in the coming years, the self-compacting concrete market will grow impelled by the rise in the need for restoration services and the trend toward sustainable and efficient building.

Challenges

  • Exorbitant cost of raw materials - Microsilica, sometimes referred to as silica fume, can cost anywhere between USD 500 and USD 1000 per metric ton on average. The cost of silica fume is mostly determined by its quality, purity, and processing cycle have a direct impact on material cost.
  • The price of silica fume is larger requires more transportation, and is also somewhat affected by the product packaging. Moreover, silica fume is roughly three to four times more expensive than cement, especially in the Arabian Gulf countries. The cost of silica fume concrete is higher than that of fly ash or GGBS concrete, raising the total cost of the concrete since it is produced from coke which is a natural resource and must be extracted with significant investment.
  • Availability of alternatives which can be a barrier to the widespread adoption of self-compacting concrete
  • Quality control issues leading to variations in raw materials which may hinder the self-compacting concrete market growth.

Self-compacting Concrete Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.6%

Base Year Market Size (2024)

USD 13.56 billion

Forecast Year Market Size (2037)

USD 24.33 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Shweta Patidar


  • Report ID: 5661
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of self-compacting concrete is evaluated at USD 14.06 billion.

The self-compacting concrete market size was over USD 13.56 billion in 2024 and is poised to exceed USD 24.33 billion by 2037, witnessing over 4.6% CAGR during the forecast period i.e., between 2025-2037. The market growth is impelled by increasing construction industry across the globe.

Asia Pacific industry is likely to hold largest revenue share of 37% by 2037, impelled by increase in industrial activities in the region.

The major players in the market include Sika Limited, MBCC Group, CEMEX S.A.B de C. V, HOLCIM Group, Breedon Group plc, ACC Limited, UltraTech Cement Ltd., Firth, Buzzi Unicem S.p.A., Unibeton
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