Global Self-Compacting Concrete Market - 2023-2030

Overview

Global Self-Compacting Concrete (SCC) Market reached US$ 12.1 billion in 2022 and is expected to reach US$ 19.8 billion by 2030, growing with a CAGR of 6.3% during the forecast period 2023-2030.

The self-compacting concrete (SCC) market has undergone substantial evolution and expansion recently, owing to its unique characteristics and the advantages it offers in the construction sector. SCC distinguishes itself by its capacity to flow and settle naturally, eliminating the necessity for mechanical vibration and making it an increasingly favored choice for intricate and densely packed concrete structures.

For instance, in the context of high-rise building projects, SCC's self-leveling attributes have proven indispensable, ensuring even dispersion of concrete within tall formworks, thereby diminishing the likelihood of defects while simultaneously expediting construction timelines.

Additionally, SCC contributes to sustainable construction practices by decreasing the necessity for energy-intensive mechanical compaction processes and optimizing the utilization of locally sourced materials, thus further reducing the ecological footprint of construction initiatives. The illustrations underscore the escalating significance of self-compacting concrete within contemporary construction methodologies, establishing it as a pivotal player in the ever-evolving realm of the concrete market.

The residential construction sector accounts for over 39.3% of the market share. Similarly, the Asia-Pacific dominates the self-compacting concrete market, capturing the largest market share of over 1/3rd. The booming building construction industry in the area is to blame for the increased demand for self-compacting concrete there. For instance, the India Brand Equity Foundation predicts that by 2025, India will overtake China as the third-largest building market in the world.

Dynamics

Increasing Demand from the Residential Sector

Despite rising building activity throughout the forecast period, self-compacting concrete, which is utilized extensively in construction applications, is anticipated to increase at the highest rate. Self-compacting concrete can be laid and compacted without the need for vibration. It has better qualities than vibrated concrete and compacts and is positioned according to its weight.

Utilizing self-compacting concrete has several benefits, including lower labor and equipment costs, easier construction, higher quality, durability and dependability. Utilizing self-compacting concrete decreases permeability and construction ties. Hand-arm vibration syndrome and hearing damage are prevented by reducing the noise generated by vibrator equipment.

The Energy Information Administration states that residential sector spending in U.S. will be around US$ 9.4 billion in 2021. Because of favorable commercial real estate market fundamentals coupled with increased federal and state financing for public works and institutional buildings, the construction industry in U.S. continued to grow in the future. During the forecast period, the market for self-compacting concrete is anticipated to be driven by an increase in spending for the construction of residential structures including apartments, duplexes, individual houses and others.

Expanding oil and gas industry

Drilled shaft construction in the oil and gas industry uses self-compacting concretes. The oil and gas sector makes substantial use of drilling shafts to discover and drill through natural resources. Energy production and consumption are increasing, which will fuel the oil and gas industry's expansion and propel the market's growth throughout the projection period.

For instance, the Employment and Income Assistance Program's statistics indicate that US LNG exports are predicted to be the greatest in the world in 2022 due to the opening of two new LNG liquefaction facilities in that year, Calcasieu Pass LNG and Sabine Pass LNG.

Similarly, the use of natural gas is predicted to reach 143.08 million tonnes by 2040, according to a report by the India Brand Equity Foundation. The oil and gas industry's high energy production and consumption will complement the increased use of self-compacting concretes, which will accelerate the market's expansion throughout the projected period.

Housing Demand, Real Estate Boom and Mega Infrastructure Projects

Fly ash and ground blast furnace slag are two materials used extensively in self-compacting concretes because they provide excellent finishing and don't require external vibration to undergo compaction, which improves the economic condition of the buildings. Global growth in the building construction industry will support market expansion throughout the forecast period.

For instance, according to statistics from the India Brand Equity Foundation, the residential market in India is predicted to expand dramatically as a result of the national government's announcement that 20 million affordable homes will be built nationwide by 2022.

Similarly, according to statistics from the Federal Reserve Economic Data, total spending on residential buildings reached US$ 618,162 million in June 2020, up from US$ 548,306 million in June 2019. The significant expansion of the building construction industry will increase demand for self-compacting concretes, which will fuel the market's expansion over the forecast period.

Raw Material Costs and Availability

One prominent constraint within the self-compacting concrete (SCC) market revolves around the affordability and accessibility of essential raw materials. SCC demands specific components, including high-quality aggregates, mineral admixtures and superplasticizers, to achieve its desired characteristics. The availability of these materials can fluctuate regionally, potentially leading to logistical hurdles within the supply chain.

The cost of raw materials, especially premium-grade superplasticizers and specialized aggregates, can be relatively steep when compared to traditional concrete constituents. It cost factor may restrict the widespread adoption of SCC, particularly in markets where pricing sensitivity is a concern or in large-scale construction projects with constrained budgets.

Absence of Standardization and Building Codes

A notable hindrance facing the SCC market is the absence of universally accepted testing procedures, guidelines and building codes tailored specifically for self-compacting concrete. Traditional concrete benefits from well-established standards and specifications that ensure its quality, durability and safety. However, the distinctive properties and behavior of SCC make it difficult to fit neatly within existing regulatory frameworks.

The lack of clearly defined, widely embraced standards can lead to uncertainty among architects, engineers and contractors when specifying and designing SCC for construction projects. It dearth of standardization also impacts quality control and quality assurance protocols. In the absence of clear guidelines, assessing the consistency, workability and performance of SCC can become a subjective process, open to interpretation.

Segment Analysis

The global self-compacting concrete market is segmented based on type, raw material, application, end-user and region.

Increasing Demand for High-Pitched Self-compacting Concrete in the Residential Sector

Self-compacting concretes are widely employed in the construction of residential buildings because they help achieve great finishing and do not require external vibration to undergo compaction, enhancing the financial condition of the buildings. The market will increase at a faster rate during the forecast period due to the global expansion of the building construction industry, making the segment cover nearly 38.6% of the global market.

SCC offers architects and builders the flexibility to create intricate and aesthetically pleasing designs. Its exceptional flowability allows for the casting of complex shapes and patterns with ease. In the residential sector, where homeowners often seek unique and visually appealing structures, SCC's ability to achieve intricate formwork designs and produce smooth, flawless finishes is highly advantageous. It versatility enhances the appeal of SCC in residential construction.

According to information from the Federal Reserve Economic Data (FRED), the total amount spent on residential buildings in U.S. in September 2020 was US$657,608, up from US$642,031 in August 2020. Self-compacting concretes will be used more frequently as a result of this significant rise in the globally building construction industry, which will fuel the market's expansion over the forecast period.

Geographical Penetration

Infrastructure Development, Urbanization and Construction Projects

The Asia-Pacific self-compacting concrete market held the largest market share of 39.3% in 2022 in the self-compacting concrete market analysis. New construction and infrastructure investments in developing nations like China, India and Japan are leading to market expansions in the region.

The booming building construction industry in the area is to blame for the increased demand for self-compacting concrete there. For instance, according to the India Brand Equity Foundation, India will surpass China to become the third-largest global building market by 2025.

Similar to this, according to trade.gov research, China's construction industry revenue value will increase from US$ 968 billion in 2019 to US$ 1.1 trillion in 2021. It significant growth in the region's building industry will encourage a rise in the use of self-compacting concrete during the projection period.

Competitive Landscape

The major global players in the market include: Buzzi Unicem, LafargeHolcim, Cemex, Heidelberg Cement, BASF, Sika AG, GCP Applied Technologies, CEMEX Group, ACC Limited and Ultratech Cement.

COVID-19 Impact Analysis

During the COVID-19 pandemic, the market for self-compacting concrete suffered. Amid the epidemic, problems like supply chain disruption, plant closures and raw material procurement emerged. Market participants took the required steps to continue running their businesses as usual during the pandemic.

However, the COVID-19 pandemic's severity had an impact on many participants' self-compacting concrete businesses. For instance, Holcim claimed that the COVID-19 pandemic had a negative influence on their business in the second quarter of 2020 in its report from March 2020. Additionally, the first half of 2020 saw a fall in construction activity, which deteriorated the ecology for self-compacting concrete.

Russia-Ukraine War Impact Analysis

The conflict has the potential to disrupt the supply chains of crucial raw materials required for self-compacting concrete production, like cement, admixtures and others. Ukraine and Russia are substantial producers and suppliers of these materials to neighboring nations and beyond.

Such disruptions can lead to production delays and increased costs for self-compacting concrete manufacturers on a global scale. Higher energy costs resulted in increased cement prices, which can impact construction project budgets and timelines. Such uncertainty can impact investments in construction projects, potentially leading to delays or project cancellations.

Currency exchange rates may experience turbulence during geopolitical conflicts. The value of currencies in countries directly or indirectly affected by the war may fluctuate, impacting the cost of imported self-compacting concrete and construction materials. The fluctuations can affect the profitability of international self-compacting concrete companies operating in the affected regions.

By Type

• Power
• Viscosity Modifier Agent
• Combination

By Raw Material

• Cement
• Aggregates
• Admixtures
• Others

By Application

• Drilled Shafts
• Columns
• Earth Retaining Systems
• Slabs
• Beams
• Prestressed Girders
• Retrofitting and Repairing
• Raft and Pile Foundations
• Others

By End-User

• Residential
• Commercial
• Industrial
• Infrastructure

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On July 16, 2022, to buy Ol-Trans's five concrete plants, Holcim agreed on a contract with the company, which is the top provider of ready-mix concrete in the Gdansk-Sopot-Gdynia region. The deal will bolster Holcim's regional ready-mix concrete network and solidify its position as the market leader in Northern Poland with expected net sales of CHF 27 million in 2022. Additionally, this deal will boost Holcim's sales of ECOPact green concrete in Poland, which has a carbon footprint that is up to 50% lower.
• On June 1, 2021, Breedon acquired Micromix (Northern) Limited, formerly known as Express Minimix, a Durham-based provider of "mini mix" concrete. With a fleet of 25 mixer trucks under its control, the business specializes in delivering small loads of ready-mixed concrete and screeds, up to four cubic meters, to residential and commercial clients throughout the North of England and some regions of Scotland.
• On October 13, 2021, A non-binding memorandum of understanding (MoU) was signed by Punjab Renewable Energy Systems Pvt. Ltd. (PRESPL) and UltraTech Cement in October 2021. The MoU aims to considerably increase the use of biomass instead of fossil fuels like coal in UltraTech's manufacturing processes as part of the company's effort to decarbonize its operations.

Why Purchase the Report?

• To visualize the global self-compacting concrete market segmentation based on type, raw material, application, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of self-compacting concrete market-level with all segments.
• The PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global self-compacting concrete market report would provide approximately 69 tables, 81 figures and 218 Pages.

Target Audience: 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies