Overview and Scope
Crack-free concrete refers to concrete produced with an expanding agent, provided enough wet curing is performed. It is commonly used on industrial floors without wet curing and with control joints.
Sizing and Forecast
The crack free concrete market size has grown strongly in recent years. It will grow from $134.2 billion in 2023 to $142.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to infrastructure development projects, urbanization and population growth, increased focus on sustainable construction, stringent building codes and standards, demand for high-performance concrete.
The crack free concrete market size is expected to see strong growth in the next few years. It will grow to $175.56 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to growing importance of resilient structures, rising adoption of fiber-reinforced concrete, increased construction in seismic zones, enhanced quality control measures. Major trends in the forecast period include advanced admixtures for crack mitigation, innovations in concrete mix designs, crack monitoring technologies, importance of proper curing techniques, research in self-healing concrete.
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Segmentation & Regional Insights
The crack free concrete market covered in this report is segmented –
1) By Type: Conventional Aggregate, Lightweight Aggregate, Other Types
2) By Mix design: Shrinkage Reducing Admixtures, Shrinkage Compensating Cement
3) By Reinforcement: Carbon Nano Fibers, Asphalt, Rubber, Other Reinforcements
4) By Application: Industrial, Construction, Other Applications
North America was the largest region in the crack free concrete market in 2023. The regions covered in the crack free concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the crack-free concrete market going forward. Construction refers to constructing, changing, repairing, renovating, enhancing, or destroying an infrastructure establishment, including any general framework, public structure, or other enhancements to real property. The rise in construction work is boosting the crack-free concrete market as it is used to build substantial buildings, including bridges, dams, canals, highways, warehouses, and factories. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, the growing construction industry is driving the crack-free concrete market.
Key Industry Players
Major companies operating in the crack free concrete market report are BASF SE, Dow Chemical Company, Holcim, CRH Concrete A/S, HeidelbergCement, Cemex S.A.B. de C.V., Sika AG, Vulcan Materials Company, MDU Resources Group Inc., RPM International, Martin Marietta Materials, Votorantim Cimentos, Mapei S.p.A., W. R. Grace & Co.-Conn., Charah Solutions Inc., The Euclid Chemical Company, Xypex Chemical Corporation, Kryton International, Penetron International, Oscrete Construction Products, CarbonBuilt, Fosroc, Akzo Nobel N.V., Hycrete Inc., GCP Applied Technologies, Ameron International Co., Buzzi Unicem
The crack free concrete market report table of contents includes:
1. Executive Summary
2. Crack Free Concrete Market Characteristics
3. Crack Free Concrete Market Trends And Strategies
4. Crack Free Concrete Market – Macro Economic Scenario
5. Global Crack Free Concrete Market Size and Growth
…
32. Global Crack Free Concrete Market Competitive Benchmarking
33. Global Crack Free Concrete Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Crack Free Concrete Market
35. Crack Free Concrete Market Future Outlook and Potential Analysis
36. Appendix
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