Ferrocement Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Application (Housing, Marine, Agriculture, Rural Energy, Water Supply & Sanitation, Others), By Manufacturing Process (Hand Plastering, Semi Mechanized, Guniting, Centrifuging), By Region

Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Infrastructure | Format: Report available in PDF / Excel Format

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Ferrocement Market– Global Industry Size, Share, Trends, Opportunity, and Forecast, 2024-2032-2027, Segmented By Application (Housing, Marine, Agriculture, Rural Energy, Water Supply & Sanitation, Others), By Manufacturing Process (Hand Plastering, Semi Mechanized, Guniting, Centrifuging), By Region

 

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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.

The global ferrocement market is anticipated to flourish with an impressive CAGR during the forecast period, 2023-2027. The market growth can be attributed to the increasing demand for lightweight construction materials in offshore construction. Structures made from ferrocement are comparatively less thick; therefore, they have less self-weight and facilitate rapid and easy installation at offshore construction sites. Apart from this, the increasing investments and expenditure on the development of infrastructure of both residential and commercial sectors, primarily due to increasing population, rising per capita income of individuals, and strong economic growth in both developed and developing countries, is further adding to the demand for ferrocement in the construction industry across the globe.

Ferrocement refers to a construction material made up of thin cement slabs reinforced with light wire steel mesh. A large number of small diameter wire meshes are uniformly spread in a cross-sectional form to make the concrete material strong. It is utilized to build relatively thin, strong, and hard structures of numerous shapes and sizes, such as water tanks, shell roofs, boats, etc. Ferrocement offers excellent mechanical characteristics at relatively lower prices and has better durability as compared to ordinary found at reinforced concrete. Additionally, ferrocement is resistant to shrinkage and has the capacity to undergo large deformations before high deflection or cracking. As a result, it is utilized in several applications such as Housing, Marine, Agriculture, Rural Energy, Water Supply & Sanitation, etc.

Moreover, ferrocement is considered an ideal material to repair and strengthen old and deteriorated buildings and other structures as it facilitates uniform distribution and a high surface-area-to-volume ratio of the wire mesh. As a result, it has high resistance to cracking and is highly preferred for repairing and renovation work in numerous industries. Apart from this, with the flourishing agriculture industry across the globe, the application of ferrocement in manufacturing agricultural tools such as grain storage tanks, water tanks, pipes, irrigation, drainage channels, silos, and underground pits are also bolstering. As a result, the global ferrocement market is expected to witness robust growth over the coming years.

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Market Segmentation

The global ferrocement market is segmented by application, by manufacturing process, competitional landscape, and regional distribution. Based on application the market is differentiated between housing, marine, agriculture, rural energy, water supply & sanitation, and others. By manufacturing process, the market is bifurcated into hand plastering, semi-mechanized, guniting, and centrifuging. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North America, Europe, Asia Pacific, Middle East and Africa, South America.

Company Profile

Constro-tech Innovative Components, Star Ferro, Milinkovic Company, NBM&CW, and am-cor inc are some of the major market leaders

Report Scope

In this report, Global ferrocement market has been segmented into following categories, in addition to the industry trends which have also been detailed below

Global Ferrocement Market, By Application
Housing
Marine
Agriculture
rural energy
water supply & sanitation
Others
Global Ferrocement Market, By Manufacturing Process
Hand plastering
Semi mechanized
Guniting
Centrifuging
Global Ferrocement Market, By Region
North America
Europe
Asia Pacific
Middle east and Africa
South America.

Attribute

Details

Base Year

2024-2032

Historical Data

2024-2032 – 2024-2032

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, volume in units, and CAGR for 2024-2032-2024-2032 and 2022-2027

Report coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         By application

·         By manufacturing process

·         By region

Regional scope

North America, Europe, Asia Pacific, Middle east and Africa, South America.

Key companies profiled

Constro-tech Innovative Components, Star Ferro, Milinkovic Company, NBM&CW, Am-Cor Inc.

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)

Table of Content

Table of content
1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Ferrocement Market

4.    Executive Summary

5.    Voice of Customer

6.    India Ferrocement Market Outlook

6.1.  Market Size & Forecast

6.1.1.               By Value

6.2.  Market Share & Forecast

6.2.1.               By Application (Agriculture, Water Supply & Sanitation, Rural Energy, Housing, Marine, Others)

6.2.2.               By Manufacturing Process (Centrifuging, Guniting, Semi Mechanized, Hand Plastering)

6.2.3.               By Region (North, East, West, South)

6.2.4.               By Company (2023)

6.3.  Market Map

7.    South India Ferrocement Market Outlook

7.1.1.               By Value

7.2.  Market Share & Forecast

7.2.1.               By Application

7.2.2.               By Manufacturing Process

8.    West India Ferrocement Market Outlook

8.1.1.               By Value

8.2.  Market Share & Forecast

8.2.1.               By Application

8.2.2.               By Manufacturing Process

9.    North India Ferrocement Market Outlook

9.1.1.               By Value

9.2.  Market Share & Forecast

9.2.1.               By Application

9.2.2.               By Manufacturing Process

10. East India Ferrocement Market Outlook

10.1.1.                 By Value

10.2.        Market Share & Forecast

10.2.1.             By Application

10.2.2.             By Manufacturing Process

11. Market Dynamics

11.1.        Drivers

11.2.        Challenges

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. India Economic Profile

15. Company Profiles

15.1.        M/s Ganesh Ferrocement Works

15.1.1. Business Overview

15.1.2. Key Revenue and Financials (If Available)

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. Key Product/Services

15.2.        Tara Nirman Kendra

15.2.1. Business Overview

15.2.2. Key Revenue and Financials (If Available)

15.2.3. Recent Developments

15.2.4. Key Personnel

15.2.5. Key Product/Services

15.3.             Ferro Build

15.3.1. Business Overview

15.3.2. Key Revenue and Financials (If Available)

15.3.3. Recent Developments

15.3.4. Key Personnel

15.3.5. Key Product/Services

15.4.             Prefer Industries

15.4.1. Business Overview

15.4.2. Key Revenue and Financials (If Available)

15.4.3. Recent Developments

15.4.4. Key Personnel

15.4.5. Key Product/Services

15.5.        Ferro Concrete Construction (India) Pvt Ltd

15.5.1. Business Overview

15.5.2. Key Revenue and Financials (If Available)

15.5.3. Recent Developments

15.5.4. Key Personnel

15.5.5. Key Product/Services

16. Strategic Recommendations

17. About Us & Disclaimer


 

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