The Ultra High Performance Concrete Market size is estimated at USD 532.55 million in 2024, and is expected to reach USD 784.30 million by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).
The COVID-19 pandemic negatively impacted the ultra-high-performance concrete market. Due to the lockdown and brief halts in production facilities, several applications suffered significant damage, limiting the consumption of ultra-high-performance concrete. Nonetheless, beyond 2020, the market developed slowly due to ongoing efforts in the main end-user categories and is likely to continue on its path.
The major factors driving the market studied include the rising construction activities across the world and the increasing benefits of ultra-high-performance concrete.
The high material cost of UHPC, when compared with conventional concrete, is expected to significantly hinder the growth of the market studied.
Growing trends toward the use of ultra-high-performance concrete in prefabricated construction are likely to act as a driving force in the future.
North America is expected to dominate the global market during the forecast period. Meanwhile, Asia-Pacific is expected to register the highest CAGR during the forecast period due to the increasing construction activities across the region.
The global ultra-high-performance concrete (UHPC) market is relatively fragmented in nature. Some of the major companies are (not in any particular order) Holcim, Sika AG, Illinois Works Inc., RAMPF Holding GmbH & Co. KG, and ceEntek.
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