[FURL=https://www.industryarc.com/Research/Ultra-High-Performance-Concrete-Market-Research-503074?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Ultra High Performance Concrete Market[/FURL] Ultra High Performance Concrete Market size is expected to be valued at $565 million by the end of the year 2026 and the ultra-high performance concrete industry is set to grow at a CAGR of 8.6% during the forecast period from 2021-2026. The increase in the growth of the ultra-high performance concrete market is due to the increase in the need for durable and high strength concrete for a strong base in buildings and other applications such as piers, marine applications (such as anchors), and machinery.Key Takeaways
Asia-Pacific market held the largest share in the ultra-high performance concrete market owing to the growth of the construction industry in countries like China, India and South Korea in the APAC region.
One of the significant reasons contributing to the growth of the ultra-high performance concrete industry is the benefits provided by the reactive powder concrete such as high strength and durability.
Ultra-high performance concrete is highly resistant to corrosion and other chemical reactions which is eventually increasing the demand for ultra-high performance cocnrete market.
The covid-19 pandemic has affected the ultra-high performance concrete market in terms of stock over piling which eventually lead to the outdating of the inventories, causing huge losses to the ultra-high performance concrete market.
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Ultra High Performance Concrete Market Segment Analysis – By Geography
Asia-Pacific region held the largest share of 36% in the ultra-high performance concrete market in the year 2020. The increase in building and construction activities in countries like China, India and South Korea in the APAC region is expected to drive the ultra-high performance concrete industry in the Asia-Pacific region. The revenue of the building & construction industry in China reached US $2.5 trillion in the year 2020, which is further expected to drive the growth of the ultra-high performance concrete industry in the APAC region. The increase in construction projects and government schemes in the countries like China and India is driving the ultra-high performance concrete market.
Ultra High Performance Concrete Market Drivers
Increasing construction activities coupled with government investments
Superior properties like durability and anti-corrosion
Ultra High Performance Concrete Market Landscape
Major players in the Ultra-High Performance Concrete Market are LafargeHolcim, SIKA Group, Gulf Precast Concrete Co. L.L.C, Cemex, Vicat, UltraTech Cement Ltd., ELO Concrete, Heidelberg Cement AG, ceEntek Pte Ltd and Illinois Tool Works Inc among others.
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