Pune, India, June 07, 2022 (GLOBE NEWSWIRE) -- The ultra high performance concrete (UHPC) market size stood at USD 371.0 million in 2021. The market is estimated to surge from USD 388.3 million in 2022 to USD 574.7 million by 2029, at a 5.8% CAGR during the forecast period. Fortune Business Insights™ has deep-dived these inputs in its latest research report, titled, "Ultra High-Performance Concrete (UHPC) Market, 2022-2029."
According to the study, ultra-high-performance concrete mixes have become sought-after in civil engineering projects, including structural rehabilitation and highway infrastructure applications. The trend for innovative designs and architectural structures, including unitized curtain walls, cantilever balconies, and floating stairs will encourage leading companies to inject funds into the landscape.
Road & Bridge Construction to Gain Prominence with Rising Demand to Expand Infrastructure
With respect to application, the market is segmented into building construction, road & bridge construction, military construction and others. Stakeholders expect the road & bridge construction segment to grow with bullish investments in infrastructure expansion.
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Dip in Construction Activities Derailed Industry Growth
The emergence of the COVID-19 pandemic did not augur well for business outlook as construction activities witnessed a notable disruption. Shortage of raw materials and trade restrictions jolted most industries globally. Some factors, such as logistic challenges, lack of construction materials, and postponement of construction activities challenged leading companies gearing to boost their portfolios. Meanwhile, investments in advanced solutions could help build a resilient supply chain.
Ultra High Performance Concrete (UHPC) Market Report Scope & Segmentation:
| Report Attribute | Details |
| Market size value in 2021 | USD 371.0 billion |
| Revenue forecast in 2029 | USD 574.7 billion |
| Growth Rate | CAGR of almost 5.8% 2022-2029 |
| Base Year | 2021 |
| Historic Years | 2018 - 2020 |
| Forecast Years | 2022 - 2029 |
| Segments Covered | By Product Type, By Region |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2022 to 2029 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 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.), Freyssinet Limited (England), and other players profiled |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Major Players Profiled in the Report:
- 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.)
- Freyssinet Limited (England)
Segments
Slurry Infiltrated Fibrous Concrete to be Sought-after with Bullish Investments in Construction Sector
In terms of type, the market is segmented into Compact Reinforced Composite (CRC), Slurry Infiltrated Fibrous Concrete (SIFCON), and Reactive Powder Concrete (RPC). The slurry infiltrated fibrous concrete segment will account for a considerable share of the global market due to rising demand for residential and commercial construction activities.
Report Coverage
The report offers a comprehensive perspective of the market size, share, revenue, and volume. It has deep-dived into SWOT analysis. Quantitative and qualitative assessments have provided a holistic view of the market. The primary interviews validate assumptions, findings, and the prevailing business scenarios. The report also includes secondary resources such as annual reports, press releases, white papers, and journals.
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Drivers and Restraints
Buoyant Demand from Construction Sector to Bolster Industry Growth
With a surge in public and private investments in infrastructure and building projects, the Ultra High Performance Concrete (UHPC) market share could receive major impetus during the forecast period. Construction projects have gained ground across the U.S., India, and China, boding well for the industry outlook. To illustrate, in November 2021, the U.S. government contemplated pouring USD 1.2 trillion on infrastructure projects, such as a range of civil construction projects across the country. The bill reportedly includes USD 110 billion for bridges, roads, and other major infrastructure projects. Ultra high performance concrete suppliers are slated to invest in construction activities to tap into markets. However, rising capital costs could dent the industry growth in the ensuing period.
Regional Insights
North America to Witness Investments Abound with Rising Bridge Construction
Expansion of road and bridge construction activities across the U.S. and Canada could encourage leading companies to invest in the region. North America market size was pegged at USD 127.8 million in 2021 and will witness a similar upward trend due to robust government policies. Governments are expected to prioritize upgrading existing infrastructure, auguring well for the regional outlook.
The Asia Pacific Ultra High Performance Concrete (UHPC) market growth will gain ground in the wake of burgeoning urbanization and expanding infrastructure activities. Emerging economies, such as China and India, exhibited resilience to the COVID-19 pandemic and could gain impetus from the economic rebound. Moreover, heightened awareness about UHPC usage across the commercial and residential sectors will trigger investments across the region.
Industry players anticipate Europe to emerge as a favorable investment hub during the assessment period. The growth is primarily attributed to an increased demand for road construction and bridges. Moreover, burgeoning industrialization and rising footfall of buildings have further encouraged leading companies to foster their portfolios.
Competitive Landscape
Leading Players Invest in Collaboration to Bolster Footprint
Prominent players could inject funds into mergers & acquisitions, product rollouts, technological advancements, and R&D activities. Besides, major companies could invest in innovations and product offerings in the ensuing period.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/ultra-high-performance-concrete-uhpc-market-102954
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Trends
- Key Insights
- Key Emerging Trends – For Major Countries
- Insights on Regulatory Scenario
- Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- Porters Five Forces
- Qualitative Insights – Impact of COVID-19 on Global Ultra High Performance Concrete (UHPC) Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Global Ultra High Performance Concrete (UHPC) Market Analysis, Insights and Forecast, 2018-2029
- Key Findings / Summary
- Market Size Estimates and Forecast
- By Type (Value)
- Slurry Infiltrated Fibrous Concrete (SIFCON)
- Reactive Powder Concrete (RPC)
- Compact Reinforced Composite (CRC)
- By Application (Value)
- Road & Bridge Construction
- Building Construction
- Military Construction
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- By Type (Value)
Key Industry Development
- November 2021: Holcim rolled out DYNAMax to provide higher durability, rigidity, and strength compared to other concrete products.
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