Ultra-High Performance Concrete Market ism
Ultra-High Performance Concrete Market is Expected to Reach USD 753.47 million till the year 2029
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
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.
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
- Sand and Quartz Flour
- Slurry-infiltrated Fibrous Concrete (SIFCON)
- Reactive Powder Concrete (RPC)
- 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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