India Ferrocement Market By Application (Agriculture, Water Supply & Sanitation, Rural Energy, Housing, Marine, Others), By Manufacturing Process (Centrifuging, Guniting, Semi Mechanized, Hand Plastering), By Region, Competition Forecast & Opportunities 2024-2032
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Ferrocement Market By Application (Agriculture, Water Supply & Sanitation, Rural Energy, Housing, Marine, Others), By Manufacturing Process (Centrifuging, Guniting, Semi Mechanized, Hand Plastering), By Region, Competition Forecast & Opportunities 2024-2032
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The Ferrocement Market grew from USD 2.77 billion in 2023 to USD 2.92 billion in 2024. It is expected to continue growing at a CAGR of 5.68%, reaching USD 4.08 billion by 2030.
Ferrocement is a relatively novel substance made of wire mesh and cement mortar. Ferrocrete is another name for ferrocement. The building method entails shaping the necessary structure with the use of an exemplary support mesh, such as expanded metal or chicken wire mesh. Ferrocement can be used to build a range of structural shapes with relatively thin, strong, and hard surfaces, such as water tanks, boat hulls, and shell roofs.
Adoption of Ferrocement instead of White Cement
Download Free Sample ReportIncreasing Urbanization
Increasing Use of Renewable Power Generation
Market Segmentation
Market Players
|
Attribute |
Details |
|
Base Year |
2023 |
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Historic Data |
2024-2032 – 2022 |
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Estimated Year |
2024 |
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Forecast Period |
2025– 2029 |
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Quantitative Units |
Revenue in USD Million, and CAGR for 2024-2032-2023 and 2024-2025 |
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Report coverage |
Revenue forecast, company share, growth factors, and trends |
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Segments covered |
Application Manufacturing Process |
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Regional scope |
West India, South India, North India, East India |
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Key companies profiled |
M/s Ganesh Ferrocement Works, Ferro Concrete Construction (India) Pvt Ltd, Ferro Build, Prefer Industries and Tara Nirman Kendra |
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Customization scope |
10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Ferrocement, a composite material made of hydraulic cement mortar reinforced with closely spaced layers of continuous and relatively small diameter wire mesh, possesses significant utility across infrastructure and construction domains due to its cost-effectiveness and high tensile strength. The scope of ferrocement extends across varying applications, including residential and commercial construction, marine structures, water tanks, and prefabricated products. Its necessity in the market is driven by an increased focus on sustainable building materials coupled with its adaptability and ease of maintenance. End-use sectors range from housing and urban development to marine and industrial facilities, given the material’s resistance to cracking and corrosion. Market growth is largely influenced by urbanization trends, the need for affordable housing solutions, and the adoption of sustainable construction practices. Emerging opportunities arise from green building certifications and the burgeoning demand for modular construction solutions. To capitalize on these opportunities, companies might focus on enhancing production techniques to improve material properties and reduce waste.
Despite its potential, the growth of the ferrocement market faces challenges such as limited awareness among builders and architects and competition from more traditional building materials. These limitations are compounded by a shortage of skilled labor capable of working with ferrocement, which can impact quality and performance outcomes. Innovation opportunities exist in developing advanced formulations that include recycled materials or alternative binders for improved environmental performance. Continuing research into improving the tensile strength and reducing the cost of production could drive broader adoption. The market is currently characterized by a moderate level of fragmentation, with regional players dominating due to localized sourcing and production. For business growth, companies may explore strategic partnerships or joint ventures to leverage regional expertise and penetrate new markets. Furthermore, educating stakeholders about ferrocement’s long-term benefits and versatility could drive greater acceptance and utilization in various construction projects.
Understanding Market Dynamics in the Ferrocement Market
The Ferrocement Market is rapidly evolving, shaped by dynamic supply and demand trends. These insights provide companies with actionable intelligence to drive investments, develop strategies, and seize emerging opportunities. A comprehensive understanding of market dynamics also helps organizations mitigate political, geographical, technical, social, and economic risks while offering a clearer view of consumer behavior and its effects on manufacturing costs and purchasing decisions.
- Market Drivers
- Increasing investments in water infrastructure projects across economies
- Expansion in residential and commercial building projects with urbanization
- Market Restraints
- High production and material costs of ferrocement
- Market Opportunities
- Development of advanced production technologies for ferrocement
- Innovative applications of ferrocement in disaster-resistant structures
- Market Challenges
- Possibility of excessive shrinkage and corrosion of reinforcement
Exploring Porter’s Five Forces for the Ferrocement Market
Porter’s Five Forces framework further strengthens the insights of the Ferrocement Market, delivering a clear and effective methodology for understanding the competitive landscape. This tool enables companies to evaluate their current competitive standing and explore strategic repositioning by assessing businesses’ power dynamics and market positioning. It is also instrumental in determining the profitability of new ventures, helping companies leverage their strengths, address weaknesses, and avoid potential pitfalls.
Key Company Profiles
The report delves into recent significant developments in the Ferrocement Market, highlighting leading vendors and their innovative profiles. These include BASF SE, CAC Admixtures, CEMEX, Inc., Chembond Chemicals Limited, Don Construction Products Inc., ECMAS Group, Fibrex LLC, Fosroc International Limited, GCP Applied Technologies Inc., HeidelbergCement, Mapei S.p.A, Master Builders Solutions US LLC, MC-BAUCHEMIE MÜLLER GmbH & Co. KG, NV Bekaert SA, Owens Corning, Sika AG, and Stromberg Architectural.
Market Segmentation & Coverage
This research report categorizes the Ferrocement Market to forecast the revenues and analyze trends in each of the following sub-markets
- Material
- Admixtures
- Cement
- Sand
- Wire Mesh/Metal Rods
- Technique
- Centrifuging & Guniting
- Hand plastering
- Semi-mechanised process
- Application
- Agriculture
- Energy projects
- Housing
- Water Supply & Sanitation
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report provides a detailed overview of the market, exploring several key areas
- Market PenetrationA thorough examination of the current market landscape, featuring comprehensive data from leading industry players and analyzing their reach and influence across the market.
- Market DevelopmentThe report identifies significant growth opportunities in emerging markets and assesses expansion potential within established segments, providing a roadmap for future development.
- Market DiversificationIn-depth coverage of recent product launches, untapped geographic regions, significant industry developments, and strategic investments reshaping the market landscape.
- Competitive Assessment & IntelligenceA detailed analysis of the competitive landscape, covering market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, technological advancements, and innovations in manufacturing by key market players.
- Product Development & InnovationInsight into groundbreaking technologies, R&D efforts, and product innovations that will drive the market in future.
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