LONDON–(BUSINESS WIRE)–Technavioâ€™s latest market research report on the global ultra-high performance concrete market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
According to Technavio analysts, the global ultra-high performance concrete market will grow at a CAGR of close to 7% during the forecast period. The benefits of ultra-high-performance concrete are driving the growth of the market.
Ultra-high performance concrete exhibits excellent properties, which are leading to its increased demand in various applications such as military construction, building construction, anti-detonating construction, and the construction of roads and bridges.
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In this report, Technavio highlights the increasing demand for reactive powder concrete as one of the key emerging trends driving the global ultra-high performance concrete market:
Increasing demand for reactive powder concrete
Reactive powder concrete (RPC) is an evolving composite material, and it is expected to witness the highest growth rate in the global ultra-high performance concrete market as it allows optimized material use, generates economic benefits, and is highly environment-friendly. RPC is expected to witness the highest growth rate during the forecast period owing to properties such as increased durability, high strength, and ability to withstand high load and pressure. It is more environment-friendly than other conventional concrete products. The material also has lower permeability, and this is a major factor for its high use in high-strength applications.
â€œRPC contains mineral admixtures and chemical components apart from aggregates, cement, and water, which bestows special properties and characteristics to RPC, thus, increasing its usability in infrastructure applications. With increased construction activities on a global scale, RPC is expected to exhibit high growth potential during the forecast period,â€� says a senior analyst at Technavio for specialty chemicals research.
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Global ultra-high performance concrete market segmentation
This market research report segments the global ultra-high performance concrete market based on application (roads and bridge construction, anti-detonating construction, building construction, military construction, and others). The report also provides an analysis of the market based on geographic regions (the Americas, APAC, and EMEA).
The roads and bridge construction segment held the largest market share in 2017, accounting for nearly 44% of the market. It is also the fastest growing application and is expected to witness an increase of more than 1% during the forecast period.
APAC was the leading region for the global ultra-high performance concrete market in 2017, accounting for a market share of over 42%. APAC is expected to maintain its lead during the forecast period followed by the Americas and EMEA.
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