Fast Track Concrete Market Scope
Fast-track concrete mixtures develop strength rapidly and are beneficial when the early opening of the pavement is necessary. There are several practical options available to produce concrete that gains strength rapidly. Most often, the concrete mixture components are specially proportioned and selected for rapid early strength. The most common approach uses greater-than-normal quantities of ordinary Type I or Type II Portland cement. High early strength, Type III cement, blended cement, and admixtures are also may be used to alter the mixture for rapid strength development.
|Unit||Value (USD Million)|
|Key Companies Profiled||LafargeHolcim (Switzerland), Anhui Conch Cement (China), CNBM (China), Heidelberg Cement (Germany), Cemex (Mexico), Italcementi (Italy), China Resources Cement (China), Taiwan Cement (Taiwan), Eurocement (Russia) and Votorantim Group (Brazil)|
To entice more end users, market players are focusing on providing fast-track concrete of higher quality while adhering to all regulatory standards. In the global fast-track concrete market, there are numerous large and small-scale service providers. They are also concentrating on the implementation of numerous advanced technologies. Furthermore, the numerous industry profits have led to the entry of new players, raising the level of rivalry in an already competitive market. The fast-track concrete market is currently expanding due to the rapid advancement of technology and infrastructure. Some of the key players in this market follow strategies, which include new product offerings, product approvals, partnerships and alliances, mergers and acquisitions, and business expansions.
LafargeHolcim (Switzerland), Anhui Conch Cement (China), CNBM (China), Heidelberg Cement (Germany), Cemex (Mexico), Italcementi (Italy), China Resources Cement (China), Taiwan Cement (Taiwan), Eurocement (Russia) and Votorantim Group (Brazil) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Fast Track Concrete market by Type , by Application (Residential & Commercial Buildings, Civil Engineering and Others) and Region with country level break-up.
On the basis of geography, the market of Fast Track Concrete has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2021.
Market Leaders and their expansionary development strategiesIn January 2022, Heidelberg Cement announced that its North American subsidiary Lehigh Hanson has finalized the acquisition of Corliss Resources, Inc., one of the largest, family-owned aggregates and ready-mixed concrete companies in the U.S. Pacific Northwest. The acquisition includes major aggregate operations with annual sales volumes of about 2 million tonnes and reserves and resources of about 170 million tonnes and four ready-mixed concrete plants selling about 0.3 million cubic meters in the Greater Seattle area. Both parties agreed not to disclose the purchase price.
In July 2021, Holcim launches ECOPlanet, its global range of green cement delivering at least 30 lower carbon footprints with equal to superior performance. ECOPlanet is available in Germany, Romania, Canada, Switzerland, Spain, France, and Italy and will be distributed across 15 countries in 2021, with the objective of doubling its market presence by the end of 2022 to enable low-carbon construction at scale.
In April 2022, in a bid to fast-track road construction and reduce pollution, the government has mandated use of factory manufactured pre-cast concrete items in the construction of the National Highway projects. The minimum mandatory usage should be 25 percent of total concrete volume, a Road Transport Ministry release said on Tuesday (19 April). To harness the benefits of pre-fabrication in the construction of National Highways, expressways, and other centrally sponsored road projects, the Ministry of Road Transport and Highways (MORT&H) has made it mandatory to use factory-manufactured pre-cast concrete elements in projects within a 100 km radius of Pre-cast factory," the release said.
Fast Track Concrete Market Dynamics:
|Trends Influencing Market|
- Reducing Pollution through Controlling Emission Rate has Been Showing a Positive Impact on Market Growth.
- Consumer Preference toward Traditional Concrete and Misconceptions has been hindering Market Growth.
- Rising Labour Cost and Lack of Skilled Labour Has Been Challenging the Growth In Market.
- Rising Government Investments in Infrastructure Development Shall Bring More Opportunities in Market.
Key Target AudienceConcrete manufacturer, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others