Global Ultra High Performance Concrete (UHPC) Market Size By Material (Sand And Quartz Flour, Cement, Admixtures), By Application (Commercial, Residential, Infrastructure), By Geographic Scope And Forecast
Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Ultra High Performance Concrete (UHPC) Market Size By Material (Sand And Quartz Flour, Cement, Admixtures), By Application (Commercial, Residential, Infrastructure), By Geographic Scope And Forecast
Ultra High Performance Concrete (UHPC) Market Size And Forecast
Ultra High Performance Concrete (UHPC) Market size was valued at USD 162.76 Billion in 2024 and is projected to reach USD 298.75 Billion by 2031, growing at a CAGR of 8.70% during the forecast period 2024-2031.
The Global Ultra High Performance Concrete (UHPC) Market is witnessing significant growth owing to various driving factors such as a rise in demand from the growing construction industry across the globe, the surge in need for chemical and corrosion-resistant construction material, and increasing demand for durable, and high strength concrete for various applications. The Global Ultra High Performance Concrete (UHPC) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Ultra High Performance Concrete (UHPC) Market Executive Summary
Ultra-High-Performance Concrete (UHPC), also known as reactive powder concrete (RPC) is a relatively cementitious, concrete material with very high strength, ductility, and durability. UHPC strengthened with fiber can be treated as a combination of three concrete technologies i.e. self-compacting concrete (SCC), fiber-reinforced concrete (FRC), and high-performance concrete (HPC). UHPC has the potential to be a viable solution for enhancing the sustainability of architecture when compared to other conventional concrete products owing to its multifunctional properties such as high strength, energy capacity, and durability. It has a minimum specified compressive strength of 17,000 pounds per square inch (120 MPa) with specified durability, tensile ductility, and toughness requirements.
The Global Ultra High Performance Concrete (UHPC) Market is segmented into two segments such as Application, and Material. Based on Application, the market is sub-segmented into Commercial, Residential, Infrastructure, and Others. Infrastructure accounted for the largest market share of 44.71% in 2022 and is projected to grow at the highest CAGR of 10.52% during the forecast period. Residential was the second-largest market in 2022. Based on Material, the market is sub-segmented into Sand and quartz Flour, Cement, Admixtures, and Others. Sand & Quartz Flour accounted for the largest market share of 49.21% in 2022, and is projected to grow at the highest CAGR of 10.68% during the forecast period. Cement was the second-largest market in 2022.
The Global Ultra High Performance Concrete (UHPC) Market is witnessing significant growth owing to various driving factors such as a rise in demand from the growing construction industry across the globe, the surge in need for chemical and corrosion-resistant construction material, and increasing demand for durable, and high strength concrete for various applications, and rest of other factors. The construction industry has always been one of the top revenue-generating industries across the globe. Despite the size and scope of the industry, it is constantly changing and adapting to the current economic and social environment. The growing construction industry has offered new opportunities for UHPC as the future sustainable construction material and it is here to stay and will grow continuously throughout the globe.
However, high initial investment costs associated with ultra-high-performance concrete (UHPC) can be the major restraining factor for the market’s growth. The market size of the Global Ultra High Performance Concrete (UHPC) Market stood at USD 436.11 Million in 2022 and is projected to reach USD 906.95 Million by 2030. The Market is projected to grow at a CAGR of 10.10%. Asia Pacific accounted for the largest market share of 33.21% in 2022 and is projected to grow at the highest CAGR of 12.84% during the forecast period. Europe was the second-largest market in 2022, and it is projected to grow at a CAGR of 9.74%.
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Global Ultra High Performance Concrete (UHPC) Market Segmentation Analysis
The Global Ultra High Performance Concrete (UHPC) Market is segmented on the basis of Material, Application, and Geography.
Ultra High Performance Concrete (UHPC) Market, By Material
- Sand & Quartz Flour
- Cement
- Admixtures
- Others
To Get Summarized Market Report By Material-
Based on Material, the market is bifurcated into Sand & Quartz Flour, Cement, Admixtures, and Others. The Global Ultra High Performance Concrete (UHPC) Market is experiencing a scaled level of attractiveness in the Sand & Quartz Flour segment. Sand & Quartz Flour accounted for the largest market share of 49.21% in 2022, with a market value of USD 214.60 Million, and is projected to grow at the highest CAGR of 10.68% during the forecast period. Cement was the second-largest market in 2022, with a value of USD 127.70 Million in 2022; it is projected to grow at a CAGR of 10.35%.
Quartz powder or quartz flour is primarily used in developing high-performance concrete and ultra-high-performance concrete (UHPC). Quartz powder is known to be chemically inert at normal temperatures, however, shows some kind of reactivity at high temperatures and high pH values. Quartz powder has shown its effectiveness in improving the microstructures and compressive strength of the concrete. Moreover, the addition of crushed quartz can impart fire resistance properties in concrete.
Ultra High Performance Concrete (UHPC) Market, By Application
- Commercial
- Residential
- Infrastructure
- Others
To Get Summarized Market Report By Application-
On the basis of Application, the market has been segmented into Commercial, Residential, Infrastructure, and Others. The Global Ultra High Performance Concrete (UHPC) Market is experiencing a scaled level of attractiveness in the Infrastructure segment. Infrastructure accounted for the largest market share of 44.71% in 2022, with a market value of USD 194.99 Million, and is projected to grow at the highest CAGR of 10.52% during the forecast period. Residential was the second-largest market in 2022, with a value of USD 146.92 Million in 2022; it is projected to grow at a CAGR of 10.35%.
UHPC has approximately 10 times compressive strength as compared to traditional concrete. UHPC has emerged as a concrete solution to solve the problem of premature deterioration of infrastructure in developing countries. UHPC is being considered for use in a wide variety of highway infrastructure and roadway bridge applications. UHPC has been used in prestressed concrete girder simple-span bridges, precast concrete deck panels, and field-cast connections between prefabricated bridge components. UHPC has emerged as a preferred concrete choice for use in seismic columns for bridges owing to its strength and durability.
Ultra High Performance Concrete (UHPC) Market, By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
On the basis of Regional Analysis, the Global Ultra High Performance Concrete (UHPC) Market is classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The Global Ultra High Performance Concrete (UHPC) Market is experiencing a scaled level of attractiveness in the Asia Pacific region. Asia Pacific accounted for the largest market share of 33.21% in 2022, with a market value of USD 144.85 Million, and is projected to grow at the highest CAGR of 12.84% during the forecast period. Europe was the second-largest market in 2022, with a value of USD 132.68 Million in 2022; it is projected to grow at a CAGR of 9.74%. The Asia Pacific is projected to gain an incremental market value of USD 183.12 Million.
Asia’s economic system maintains to develop progressively with developing needs from the rural, city, and coastal populations throughout Asia Pacific. New regulations are being initiated and are assisting the development of the vicinity’s economic system. The ongoing project of construction industrialization is redefining the construction industry in APAC and growing a brand new generation for building construction.
Key Players
The “Global Ultra High Performance Concrete (UHPC) Market” study report will provide valuable insight with an emphasis on the global market including some of the major players such as Lafargeholcim, Sika AG, Vicat, ACC Limited, CEMEX S.A.B. De C.V., ceEntek Pte Ltd, Gulf Precast Concrete, MC-Bauchemie Müller GmbH & Co. Kg, TAKTL, and U.S. Concrete, Inc. This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Key Developments
- Lafargeholcim has expanded the business by increasing the production capacity in the plant-based in La Union, Philippines.
- Sika AG acquired Parex, and it is considered one of the biggest acquisitions by the company to strengthen the world leader position in construction chemicals.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating Global Ultra High Performance Concrete (UHPC) Market. takes into consideration several factors before providing a company ranking. The top three players for the Lafargeholcim, Sika AG, Vicat. The factors considered for evaluating these players include the company’s brand value, product portfolio (including product variations, specifications, features, and price), company presence across major regions, product-related sales obtained by the company in recent years, and its share in total revenue. further studies the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance its market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Ultra High-Performance Concrete (UHPC) markets.
Company Regional/Industry Footprint
The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, Lafargeholcim has its presence globally i.e., in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. The product portfolio of the companies is classified in terms of their diversification as well as the number of products/services that are available. The geographic reach and the market penetration are determined considering the penetration of the company’s products and services in various geographical regions and industries.
Ace Matrix
This section of the report provides an overview of the company evaluation scenario in the Global Ultra High Performance Concrete (UHPC) Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.