Ultra High Performance Concrete (UHPC) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ultra High Performance Concrete Market
The ultra high performance concrete market size was valued at USD 371.0 million in 2021, and the market is now projected to grow from USD 388.3 million in 2022 to USD 574.7 million by 2029, exhibiting a CAGR of 5.8% during the forecast period of 2022-2029.
COVID-19 continued to cause significant disruptions in the supply chain, it also disrupted the ultra high performance concrete market growth due to material constraints, logistics and workforce interruptions that halted many projects. The pandemic acted as an eye-opener to how weak companies’ supplies had become and they needed to make improvements. Mergers and acquisitions have become popular among industry stakeholders with an attempt at vertical integration and better resistance to any shocks. This change is sought to address the volatile nature of the supply of materials and fluctuations in the supply chain, thus avoiding such experiences in future.
Ultra high performance concrete is increasingly being adopted in construction due to factors of time and efficiency compared to ordinary concrete. Increased investment in infrastructure by both private and public industries drives this growth in the US, China and India. The construction industry will continue to boost the ultra high performance concrete market share as it is expected to expand internationally due to this rising demand. The durability and efficiency of the sector emphasize the possibility of further development of UHPC.
Also, the growing demand for architectural applications of ultra high performance concrete (UHPC) is driving the market forward as architects develop and introduce new concepts such as floating stairs and cantilever balconies. The high mechanical properties of UHPC help accommodate beauty with functionality which makes building owners want unique designs for their projects. This kind of construction has received increased attention in the past decade due to the growing need for lightweight, high-performance structures. More owners are adopting distinct designs to express their creativity and this will push up the consumption of UHPC. This continuing emphasis on distinctiveness in outlooks will greatly enhance the UHPC market’s size.
Comprehensive Analysis of Ultra High Performance Concrete Market
The ultra high performance concrete market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the chemicals & advanced materials industry. These segmentations are methodically segregated by types and by applications. The type includes, Slurry Infiltrated Fibrous Concrete (SIFCON), Reactive Powder Concrete (RPC) and Compact Reinforced Composite (CRC). The application includes, Road & Bridge Construction, Building Construction, Military Construction and Others.
North America led the ultra high performance concrete (UHPC) market in 2021, holding a 34.45% share with a market size of USD 127.8 million. The region's dominance is attributed to strong demand from the construction sector, particularly for bridge construction. Due to the flexibility and advantages offered by UHPC, it’s become the favourite of many builders in North America. This trend is expected to continue establishing the region within the UHPC market over the forecast period. The functionality of UHPC in the construction industry underlines this material’s importance in increasing infrastructural quality.
The top players in the market play a crucial role in the chemicals & advanced materials industry assuring industrial prospectus growth and setting market standards. These players include, Holcim (Switzerland), CEMEX S.A.B. de C.V. (Mexico), Vicat (France), ACC Limited (India), SIKA CANADA (Canada), TAKTL (U.S.), Gulf Precast (UAE), ceEntek (Singapore), CHRYSO UK Limited (U.K.) and Freyssinet Limited (England). These market players provide a level-playing competitive landscape.
In December 2020, ceEntek also increased its North American footprint in late 2013 by launching a new branch, ceEntek Canada Ltd., in Calgary, Canada. The move is with the company’s vision of becoming a global provider of niche UHPC solutions.
Segmentation Table
Global Ultra High Performance Concrete Market Scope
Study Period 2018-2029
Base Year 2021
Forecast Period 2022-2029
Growth Rate CAGR of 5.8% from 2022 to 2029
Historical Period 2018-2020
Unit Value (USD Billion)
Segmentation By Type, Application, and Geography
By Type Slurry Infiltrated Fibrous Concrete (SIFCON)
Reactive Powder Concrete (RPC)
Compact Reinforced Composite (CRC)
By Application Road & Bridge Construction
Building Construction
Military Construction
Others
By Geography North America (By Type, By Application, By Country)
U.S. (By Application)
Canada (By Application)
Europe (By Type, By Application, By Country)
Germany (By Application)
U.K. (By Application)
France (By Application)
Spain (By Application)
Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
China (By Application)
India (By Application)
Japan (By Application)
South Korea (By Application)
Rest of East Asia (By Application)
Latin America (By Type, By Application, By Country)
Brazil (By Application)
Rest of Latin America (By Application)
Middle East and Africa (By Type, By Application, By Country)
South Africa (By Application)
Rest of Middle East & Africa (By Application)
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