India Self-Consolidating Concrete Market to be Dominated by the Infrastructure Segment in the Future
The construction industry in
India is growing rapidly, this is creating a strong demand for
self-consolidating concrete is growing, owing to which the market is expected
to increase, during the forecast period.
According
to TechSci Research report, “India Self-consolidating
Concrete Market - By Region, Competition, Forecast & Opportunities, 2029,” the India self-consolidating
concrete market is expected to register a high CAGR during the forecast period.
Consolidated concrete has superior durability and reduce environmental
footprint, due to which the India Self-consolidating concrete market is
expected to grow. In addition, the non-requirement of the vibration process for
self-consolidating concrete is another main driver for the market growth.
The
Indian construction industry is one of the fastest-growing industries across
the world. The urbanization rate in India is one of the highest in the world.
This is leading to the development of new infrastructure projects, such as
roads, bridges, and buildings. The Government of India is increasing its
spending on infrastructure development. As a result, companies are focusing
upon self-consolidating concrete manufacturing. This is expected to boost the
growth of the construction industry in the coming years. For instance,
Ambuja Cement has been recognized for its innovation and R & D considering
the fact that its inception, and the corporation seeks to leverage this
understanding to expand new services and products to serve its clients better.
Ambuja Cements Limited has released a first-of-its-type initiative, the
'Concrete Futures Laboratory' (CFL), to assist this quest. The CFL is a
one-forestall answer for the network of Architects, Engineers, and Construction
Professionals (AEC). This is expected to drive the growth of the market
with a high CAGR during the forecast period.
Moreover,
the government of India has not yet put in place any policies to promote the
use of SCC. This is a missed opportunity to boost the growth of the market. Despite
these challenges, the India SCC market is expected to grow in the coming years.
The increasing demand for high-performance concrete, coupled with the growing
awareness of SCC among construction professionals, will drive the growth of the
market. However, the challenges mentioned above will need to be addressed in
order for the market to reach its full potential.
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The India self-consolidating concrete market is segmented
based on end user, type of design mix, constituent, application,
and region.
Based on
end user, the market is segmented into infrastructure, building &
construction, oil & gas construction, power & energy. The infrastructure
segment is expected to dominate the India self-consolidating concrete market in
the future. Self-consolidating concrete is utilized in diverse applications,
which include slabs, multiplied decks, skinny and radiant floors, columns,
bridge pier restore and rehabilitation, and full-intensity precast bridge deck
panels.
The India
self-consolidating concrete market is driven by the building and construction
sector. This sector is one of the largest and fastest-growing sectors in India,
and it is expected to continue the same in the coming years. Several factors
are driving the growth of the building and construction sector, including increasing
urbanization, growing government spending, and increasing demand for housing.
Based on type of design mix, the market is segmented into powder type, viscosity agent type, and combination type. Based on constituent, the market is segmented into cement, aggregates, admixtures, and other constituents. Based on application, the market is segmented into columns, concrete frame, and others. The columns segmented is sub-divided into drilled shaft and metal decking. Based on region, the market is segmented into West, North, South, and East.
Key market players in the India self-consolidating
concrete market include:
- ltraTech
Cement
- Ambuja
Cements
- ACC
Limited
- LafargeHolcim
- BASF
India
- Sika
India
- Mapei
India
- Jaypee
Cement Ltd
- Grasim
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“Self-consolidating
concrete can be used to create waterproof concrete structures as it has a low
permeability, which prevents water from penetrating the concrete.
Self-consolidating concrete can be used to create fire-resistant concrete
structures as it has a high thermal conductivity, which helps to dissipate heat
from the concrete. These factors are expected to propel the growth of the
market during the forecast period. In addition, with growing awareness toward
less environmental impact, people are adopting self-consolidating concrete as
they are environment friendly. Such factors are driving the growth of the market
during the forecast period,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“India Self-consolidating Concrete Market - By End User (Infrastructure, Building & Construction, Oil & Gas Construction, Power & Energy), By Type Of Design Mix (Powder Type, Viscosity Agent Type, and Combination Type), By Constituent (Cement, Aggregates, Admixtures, and Other Constituents), By Application (Columns (Drilled Shaft, Metal Decking), Concrete Frame, and Others), and By Region, Competition, Opportunity, and Forecast, 2029,” has evaluated the future growth potential of the India self-consolidating concrete market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India self-consolidating concrete market.
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