Growing connectivity to the remote locations through construction of roads, highways, bridges for smooth road transport and burgeoning number of construction activities including high rise towers, dams, and power projects, nuclear power plants, etc. in emerging countries are the key factors for the growth of Ultra-High Performance Concrete (UHPC) Market during 2020-25. Ultra-high Performance Concrete is widely preferred by the military sector across the globe due to its high compressive strength ranging between 30,000psi to 45,000 psi and also due to its high-temperature resistance and ability to absorb the impact of heavy blasts.
According to the MarkNtel Advisors’ research report titled “Global Ultra-High Performance Concrete (UHPC) Market Analysis, 2020”, the market size of the global Ultra-high Performance Concrete Market is projected to grow at a CAGR of around 8.4% during 2020-25 reaching the market size of USD 920 million by 2025. Massive construction activity in the Asia-Pacific and Middle East regions is the prime reason for the considerable growth of global Ultra-High Performance Concrete (UHPC) Market. However, the ongoing refurbishment of various buildings in Europe and North America are set to stimulate the demand for UHPC. According to the European Commission, more than 35% of the buildings in Europe are more than 50 years old and would require renovation. Moreover, as per EIA (Energy Information Administration), around 75% of the buildings in the United States would be refurbished by 2035. Therefore, these initiatives are expected to catalyze the demand for Ultra-High Performance Concrete in North America and Europe.
Global Ultra-High-Performance Concrete Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decision, hotspots and growth opportunities available for Ultra-High Performance Concrete manufacturers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings.
Rising Opportunity Areas for Ultra-High Performance Concrete Manufacturers
Apart from the long span bridges for road transportation and military use, the Ultra-High Performance Concrete manufacturers are increasingly targeting arenas such as power installations in dams, nuclear power plants, water resources, etc. Moreover, the manufacturers are moving further ahead in value chain by exploring the potential for “Super High Strength Concrete” with compressive strength ranging between 200 to 250 MPa, as stated in the MarkNtel Advisors’ in its research report Global Ultra-High Performance Concrete Market Analysis, 2020.
According to MarkNtel Advisors, the key players operating in the Ultra-High Performance Concrete Market are Lafargeholcim, CEMEX, ACC, SIKA, US Concrete, MC-Bauchemie Müller, Ultratech, Metalco, Densit, Ceentek, Elementbau Osthessen, Heidelbergcement, Gulf Precast Concrete Co., RAMPF Holding, etc. acquiring a substantial market share in 2019.
Key questions answered in the study