The Crack Free Concrete Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Crack Free Concrete Global Market Report 2024, 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.
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.
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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
Product innovation is the key trend gaining popularity in the crack-free concrete market. Major companies operating in the crack-free concrete market are focused on developing innovative products to strengthen their position in the market. In October 2021, Jogani Reinforcement, an India-based engineering fiber and fabrics company, launched polyfiber 3S, a new generation of concrete and construction fiber for durable and crack-free infrastructure in India. In all construction-related areas, this cutting-edge micro-synthetic fiber guarantees durability and high standards. The mortar or concrete is more ductile and gains tensile reinforcement from this. A further benefit of these fibers is that they support the concrete in all three dimensions, making the building sturdy and crack resistant.
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 Analysis.
5. Crack Free Concrete Market Size And Growth
6.Crack Free Concrete Segmentation
7.Crack Free Concrete Regional And Country Analysis
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27. Crack Free Concrete Competitive Landscape And Company Profiles
28. Crack Free Concrete Key Mergers And Acquisitions
29.Crack Free Concrete Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- BASF SE,
- Dow Chemical Company,
- Holcim,
- CRH Concrete A/S,
- HeidelbergCement.
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