Advancements in Self-Compacting Concrete Market: Growth Insights and Opportunities

1. Self-Compacting Concrete Market – USD 30.2bn revenue by 20242017-2024

2. KeyInsights from Self-Compacting Concrete Market: • Strong product demand in North America which is attributed to rising drilling activities majorly due to growing oil & gas industry will make substantial contribution to self-compacting concrete market size by 2024. For example, according to World Oil, drilling activities in the U.S. will increase by 26.8% in 2017 and henceforth augmenting drilling wells count to 18,552. Product is extensively used in oil & gas industry mainly in drilling shafts, pipelines, etc. to recover reserves beneath the ground, or to set up pipelines for transporting crude oil/gas from one place to another which will make prominent contribution to the Self-Compacting Concrete Market size in the forecast timespan. • High cost of raw material including admixture, fibers, etc. and restricted product use in infrastructure sector may hinder self-compacting concrete market size by 2024. However, better aesthetic value, low yield stress and reduced labor cost of product compared to conventional concrete will to generate growth avenues for self-compacting concrete market size by 2024.

3. Continued... • In terms of revenue, admixture for self-compacting concrete market size was valued over USD 10 million in 2016. These are mineral admixtures which comprise of fly ash, hydrated lime, silica fume and ground blast furnace slag. It also constitutes chemical admixture which includes super plasticizers, viscosity modifying agents, etc. They possess properties similar to concrete which enhances the strength and density of finished concrete and henceforth augment the overall performance of concrete in the longer run which will make noteworthy contribution to self-compacting concrete market size by 2024. • Self-compacting concrete market share for viscosity agent design mix is anticipated to rise at over 4.5% CAGR in the near future. In this type, lower powder quantity is used which is approximately 350-450 kg/m3 which results in higher water/cement ratio and high water/powder ratio. It is characterized by modifying concrete structure at a microscopic level, enhancing viscosity and improving stability, but is preferred less compared to combination owing to its cost ineffectiveness.

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