Rapid Strength Concrete Market Predicted to Hit US$ 188.3 Billion by 2028

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ABHINANDAN KUMAR 14 Nov 2023

The global rapid strength concrete market size reached US$ 137.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 188.3 Billion by 2028, exhibiting a growth rate (CAGR) of 5.05% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled “Rapid Strength Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global rapid strength concrete market size, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Rapid Strength Concrete?

Rapid strength concrete (RSC) refers to a type of concrete that gains strength quickly and provides a lasting repair for the remaining service life of a structure. It is manufactured using high-quality ingredients and mixture designs and consequently offers numerous benefits over conventional concrete. As RSC helps businesses operating in the construction sector reduce their capital expenditure, it finds wide applications in airports, dockyards, parking areas, and railway networks across the globe.

How Big Is the Rapid Strength Concrete Market ?

Global Industry Trends and Drivers:

The escalating demand for modern architecture across several countries is among the key factors driving the rapid strength concrete market. Moreover, the rising usage of RSC for pavement rehabilitation and reconstruction is also stimulating the market growth. Besides this, the increasing utilization of these pavements, as they provide a smooth and durable all-weather traveling surface to cars, trucks, buses, bicycles, commuters, commercial motor carriers, delivery and service providers, local users, and leisure travelers, is acting as another significant growth-inducing factor. Furthermore, the growing usage of RSC, which reaches opening strength in a short period, slab replacement can be accomplished overnight, is further propelling the global market. Apart from this, the rising utilization of the product for repairing different components of buildings and substructure elements on bridges, such as decks, piers, and columns, is positively influencing the market growth. Additionally, key players are focusing on minimizing the impact of producing concrete on the environment by developing next-generation sustainable cement, which is also fueling the global market. In addition to this, governing authorities of various countries are introducing new projects for constructing highways and freeways, which is anticipated to fuel the rapid strength concrete market over the forecasted period.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

Breakup by Strength:

0 To 40 MPa
40 To 80 MPa
Above 80 MPa

Breakup by Application:

Airport
Building Floor
Dockyard
Formed Work
Parking Areas
Rail Network
Roads and Bridges
Others

Breakup by Region:

North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:

Aggregate Industries (Holcim Group), Boral Limited, Bostik (Arkema S.A.), Buzzi Unicem SpA, Cemex S.A.B. de C.V., CTS Cement Manufacturing Corporation, Fosroc Inc. (JMH Group), Instarmac Group PLC, Short Load Concrete Inc., Sika AG, Tarmac (CRH plc) and Westbuild Group.

Key highlights of the Report: