2021-10-08

Hollow Concrete Blocks Market Size, Growth Factors, Recent Trends, Key Companies, Forecast To 2027

The global Hollow Concrete Blocks market is forecasted to reach USD 602.69 Billion by 2027, according to a new report by Reports and Data. Hollow concrete blocks are lighter than bricks, simpler to position, and also prove frugal in terms of base costs and cement use. These blocks provide faster construction speed, even quality, lower labor involvement, and higher durability than conventional bricks. Builders use these blocks in construction works to build walls, floors, and the other structures on either side of a building. They are often used to develop foundations to sustain a house and disperse the building's load equally.

Growing customer inclination in modern architecture toward lightweight materials and government initiatives to build smart cities are anticipated to support this development further, propelling te sales of hollow concrete blocks in the upcoming years. Growing investment in infrastructure building activities in the public and private sectors in emerging economies has further increased the market's growth in the Asia Pacific. In the coming years, the Chinese government has decided to transfer 250 million individuals to modern megacities, prompting efforts to support the economy to an enormous service-oriented base. India's construction industry is expected to remain buoyant in the years ahead. The government is focused on raising construction by 200% by 2030, and growing numbers of laws, such as the new Metro Rail Act, which can draw private construction investment, would drive market growth.

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Key participants include UltraTech Cement Ltd., Acme Brick Company, CEMEX S.A.B. de C.V., Magicrete Building Solutions Pvt. Ltd., Xella Group, CRH plc, Brampton Brick, Midland Brick, Taylor Concrete Products Inc., and Tristar Brick & Block Ltd., among others.

Further key findings from the report suggest

Based on type, smooth-faced generated a revenue of USD 235.93 billion in 2019. It is projected to rise with a CAGR of 2.3% in the forecast period as it delivers better performance in natural calamities, including hurricane, tornado, and earthquake incidences. Therefore, demand from areas vulnerable to earthquakes is expected to increase over the projected period.
The commercial sector is the major contributor to the Hollow Concrete Blocks market. The forestry area of the Asia Pacific region is the major shareholder of the market and held around 36.5% of the market in 2019. They become indispensable, especially since mechanized agriculture and sophisticated industrial sensing solutions are essential for efficient operation.
The Asia Pacific dominated the market for Hollow Concrete Blocks in 2019. The increasing focus on innovative and cost-efficient procedures adopted in the region is driving the growth of the market. The Asia Pacific region held approximately 37.0% of the market, followed by North America, which contains around 25.0% market in the year 2019.

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For the purpose of this report, Reports and Data have segmented into the global Hollow Concrete Blocks market on the basis of type, distribution channel, application, and region:

Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Split-Faced
Smooth-Faced

Distribution Channel Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Online
Offline

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Residential
Commercial
Industrial
Others

The report explains the market share and sales volume of each company, along with the key details of the operations of these companies. The report further offers extensive coverage of their product portfolio, business expansion plans, gross profit margins, revenue contribution, investment plans, and financial standings. The report also covers the strategic alliances observed within these key companies such as mergers and acquisitions, joint ventures, corporate and government deals, partnerships and agreements, and brand promotions and product launches.

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Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers details about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.

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2021-10-08

Ultra-High Performance Concrete Market Trends, Revenue, Major Players, Share Analysis & Forecast Till 2027

The global ultra-high performance concrete market is expected to reach USD 642.0 Million by 2027, according to a new report by Reports and Data. Ultra-High Performance Concrete (UHPC) is a concrete material bearing the properties of cement and has the least compressive strength of 120 MPa with stated durability, robustness, and tensile ductility standards. UHPC is usually formulated by blending Portland cement, added cementitious materials, limestone, fine sand, reactive powders, quartz silica flour, superplasticizers, and water. Moreover, the application of fine materials aid in offering a smooth and dense surface garnering high demand for its aesthetics.

Government initiative to boost infrastructure development in developing nations is likely to drive ultra-high performance concrete demand in the forecast period. This has resulted in the order book position of several construction players to be currently sufficient to offer medium-term revenue visibility. For instance, the Bharatmala Pariyojana project, by the Government of India, is a macro and corridor-based approach to the development of roads, which caters to expansion as well as plugging of the existing infrastructure gaps and is likely to make available enormous opportunities for the construction sector as it is the largest road development program in India.

Rapid urbanization, changing lifestyle, and the demand for better visual aspects for high-rise residential and commercial construction, have persuaded architects and construction engineers to bring novelty in the design of concrete structures appropriate for various applications, which in turn, is anticipated to fuel ultra-high performance concrete demand.

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Further key findings from the report suggest

By type, slurry-infiltrated fibrous concrete (SIFCON) contributed to the largest ultra-high performance concrete market share of 7.8% in the forecast period. This type of concrete has various features comprising high strength and a high degree of ductility, which allows it to have exceptional stability under fatigue, dynamic and recurring loading systems.
By distribution channel, offline held a larger ultra-high performance concrete market share in 2019. The ultra-high performance concrete industry is very offline-intensive and witnesses transparency. The offline channel necessitates the requirement of substantial investment of time by the buyer and high selling costs, along with considerable knowledge of the market on the seller side.
By application, infrastructure held the largest ultra-high performance concrete market size in 2019, primarily owing to the construction of bridges, tunnels, roadways, as a result of its robustness, improved longevity, and better durability. It provides benefits like the speed of construction, and better visual appeal, and impermeability against abrasion, corrosion, and impact, leading to a lower cost of maintenance and longevity of the constriction.
The market in the North American region held the largest ultra-high performance concrete market share in 2019 and is estimated to grow at a rate of 7.5% in the forecast period. The market dominance of the region is mainly owing to the growing need to renovate aging bridges nod highways, as well as for new construction.
Key participants include ACC Limited, Lafargeholcim, Sika AG, Ceentek, Gulf Precast Concrete, Cemex SAB De CV, Vicat, US Concrete Inc., Ultratech Cement Ltd., and Metalco, among others.
In October 2017, Chin Hin Group Bhd made an announcement that its division Diva Victory Sdn Bhd, intends to invest RM 3.0 million for the purchase of equipment for setting up an HPC & UHPC production plant.

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For the purpose of this report, Reports and Data have segmented the global ultra-high performance concrete market on the basis of type, distribution channel, application, and region:

Type Outlook (Revenue, USD Million; 2017-2027)

Slurry-Infiltrated Fibrous Concrete
Reactive Powder Concrete
Compact Reinforced Concrete
Others

Distribution Channel Outlook (Revenue, USD Million; 2017-2027)

Online
Offline

Application Outlook (Revenue, USD Million; 2017-2027)

Residential
Commercial
Infrastructure
Others

Market Drivers:

The constant efforts of the prominent players to develop innovative products and technologies are driving the growth of the industry. Additionally, the market is witnessing numerous strategic collaborations and initiatives that are expanding the scope of the market. The report discusses in detail the factors and elements of the Ultra-High Performance Concrete market that are positively influencing the growth of the market.

Regional Analysis:

The report offers clear insights into the regional bifurcation of the market with regards to the regions where the market has already established its prominence. Furthermore, it analyzes the key regions for production and consumption ratio, import/export analysis, supply and demand dynamics, regional trends and demands, and the presence of prominent players in each region. The regional analysis segments also offer a country-wise analysis to offer a panoramic view of the market.

The regional analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Landscape:

The report offers a comprehensive overview of the competitive landscape of the market to provide an advantage to the reader. This segment focuses on the initiatives and innovations adopted by the key players to gain a strong foothold in the market. The report also sheds light on mergers and acquisitions, joint ventures, collaborations, partnerships, and agreements, among others, to offer a better understanding of the market. The report also offers insights into revenue, gross profit margin, financial standing, market position, product portfolio, and other vital aspects of each player. The report also includes a thorough SWOT analysis and Porter’s Five Forces analysis.

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2021-10-08

Concrete Repair Mortars Market Size Analysis, Industry Outlook, & Region Forecast, 2021-2027

The global Concrete Repair Mortars market is forecast to reach USD 3.65 Billion by 2027, according to a new report by Reports and Data. The market is seeing an expanded interest from the road infrastructure sectors for manual applications owing to the properties, including impermeability, tensile strength, stress immunity, and thixotropy. Moreover, they are also used to prevent corrosion of internal structural supports, resulting from unwanted water inflow. Furthermore, massive investments by the governments across various countries for the development of marine structures, long-lasting buildings, and roads is expected to drive the concrete repair mortars market. However, the rising new construction technology acts as a replacement for repair materials, which will hamper the demand for the market.

During the forecast period, the cementitious mortars are projected to be the most widely used type of concrete repair mortars, due to their lower cost compared to epoxy based mortars. They are also simple to use and can be used for structural, as well as non-structural repairs, which contributed to their market popularity. The construction industry is experiencing rapid expansion, with substantial investment from both public and private players in infrastructure projects. The growing construction maintenance sector is boosting demand for concrete repair mortars, driven by the increasing preference for maintaining and restoring old infrastructure over constructing new infrastructure from scratch. Such mortars reinforce and repair structures by guarding against deterioration, cracks, and exposure to water and chemical substances. They also exist for aesthetic fixes and network re-profiling.

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Key participants include Pidilite Industries Ltd., Fosroc International Ltd., The Euclid Chemical Company, BASF SE, Saint-Gobain Weber S.A, SIKA AG, Flexcrete Technologies Ltd., Adhesive Technology Corp., Remmers Baustofftechnik GmbH, and Mapei S.p.A., among others.

Further key findings from the report suggest

Based on type, Epoxy-Based Mortars generated a revenue of USD 0.34 billion in 2019 and expected to grow with a CAGR of 3.1% in the forecast period, owing to its superior fundamental characteristics such as flexibility, durability, stain-proof, and are primarily used to repair cracked or broken concrete flooring, providing additional concrete strength and making it useful for a longer duration.
The road infrastructure sectors are expected to grow with a CAGR of 4.9% in the forecasted period, as good quality roads reduce transportation time, as well as its costs. It is also necessary to periodically maintain the road infrastructure to prevent mishaps or accidents.
The manual application is the major contributor to the market. The manual application of the Asia Pacific region is the major shareholder of the market and held around 55.7% of the market in the year 2019 as it can be used for both vertical and horizontal building repair typically used for cracks with a depth of 10–75 mm.
The Asia Pacific dominated the market in 2019. The consistent focus of the region on cost-effective and innovative procedures adopted in the area is driving the market. The Asia Pacific area controlled approximately 36.0% of the market, followed by North America, which contains around 28.0% market in the year 2019.

The report further provides key insights into the market share held by each product and application in the Concrete Repair Mortars market. Moreover, it also offers radical information about growth prospects and patterns. It also provides extensive coverage of the product consumption of each application and product. The report also provides a pricing analysis and growth trends for the key segments of the market.

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For the purpose of this report, Reports and Data have segmented into the global Concrete Repair Mortars market on the basis of product, end-user, application, and region:

Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Cementitious
Epoxy-based mortars

End-User Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Utility Industries
Marine Structures
Road Infrastructure
Buildings & Car Park Constructions
Others

Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)

Manual
Spraying
Pouring

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2021-10-08

Prestressed Concrete (PC) Wire and Strand Market Competitive Landscape, Growth Factors, Revenue Analysis, 2021–2027

The Global Prestressed Concrete (PC) Wire and Strand Market is projected to reach USD 260.8 million in 2027. Countries around the world are investing heavily in the infrastructure sector. This along with growth of offsite construction and rapid urbanization taking place around the world is expected to drive the market’s growth during the forecast period.

Governments around the world are aiming to strengthen their infrastructure and allocating a huge amount of budgets in this sector. This is leading to large scale construction activities. Apart from this rapid urbanization is taking place, which is leading to the development of massive real estate projects, flyovers or bridges, malls, hotels, hospitals. These factors are having a massive positive impact on the market under study. The consumption of products is continuously increasing resulting in huge amount of revenue. As a result, several startups are also entering the market in order to cater to the continuously growing demands from the end-use industries. Changing lifestyle of people, an increase in the average disposable income of people, is also acting as catalysts in the market’s growth.

Although the prospects of the industry are quite bright, there are some factors that are creating concerns for the major manufacturers. A slowdown in global trade has been noticed across many sectors in recent times, and the situation has become worse after the outbreak of the COVID-19 pandemic. Thus major players in the market are not making expected profits, and this may be quite discouraging for them. Apart from this, the demand for steel is also decreasing, and this is affecting the market’s growth since steel is the most important raw material used in manufacturing the products. These factors are predicted to restrain the market’s growth during the forecast period.

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Key players in the market include ArcelorMittal, Bekaert, FAPRICELA, Henan Hengxing Science & Technology Co. Ltd, Shagang Group, Insteel, Kiswire Limited, Sumiden Wire, Usha Martin and The Siam Industrial Wire Company Limited, among others.

Further key findings from the report suggest

The galvanized products segment is expected to steadily increase its market share during the forecast period since it finds its usage in construction of tall buildings. The consumption from real estate sector would primarily drive the segment’s growth.
Medium Carbon Content products have low market share but is expected to witness slight growth due to its usage in architectural building components.
Bridges & Flyovers application segment is expected to be the fastest growing segment due to rapid urbanization across the world. PC strands are extensively used in various components of flyovers.
USA would act as the primary consumer of the market products in the North American region due to increasing investments in infrastructure sector as well as rapid urbanization.
In May 2020, ArcelorMittal has received a loan of EUR 75 million for two projects Steelanol and Torero which are meant for aimed at reducing CO₂emissions by 350,000 tonnes per year.
In March 2019, Bekaert expressed its intentions of restructuring its activities in Belgium. Recently the company has developed Dramix steel fiber concrete reinforcement solutions and would showcase its strengths in the TurkeyBuild2020.
FAPRICELA has recently launched products like PC STRAND COMPACTED 7 WIRES, PC STRAND 3 WIRES, PC STRAND 2 WIRES, HDPE COATED SMOOTH STRAND amongst others.
There have been a number of M&A in the industry like Insteel Wire Products company acquiring certain assets of Ortiz Engineered Products Inc in 2017, Shagang Group acquiring 24.01% stakes of Global Switch Holdings Ltd in 2019 and Insteel Wire Products Company acquiring all assets of Strand-Tech Manufacturing Inc in 2020.

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For the purpose of this report, Reports and Data have segmented into the global Prestressed Concrete (PC) Wire and Strand Market market on the basis of Surface Coatings, Carbon Content, Application and region:

Surface Coatings Outlook (Revenue, USD Billion; 2020-2027)

Uncoated
Galvanized
Epoxy
Others

Carbon Content Outlook (Revenue, USD Billion; 2020-2027)

High Carbon Content
Medium Carbon Content
Low Carbon Content

Application Outlook (Revenue, USD Billion; 2020-2027)

Bridges & Flyovers
Buildings
Railroad Industry
Construction Equipment
Others

Market Drivers:

The constant efforts of the prominent players to develop innovative products and technologies are driving the growth of the industry. Additionally, the market is witnessing numerous strategic collaborations and initiatives that are expanding the scope of the market. The report discusses in detail the factors and elements of the Prestressed Concrete (PC) Wire and Strand market that are positively influencing the growth of the market.

Regional Analysis:

The regional analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Landscape:

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2021-10-08

Translucent Concrete Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2026

The global translucent concrete market was valued at USD 875 Thousand in 2018 and is expected to reach USD 94.2 Million by the year 2026, at a CAGR of 80.0%. Translucent concrete is a fine material with various applications in the construction industry, such as buildings, furniture, and the ornament industry. Translucent concrete utilizes sunlight as a source of light to reduce the consumption of power for illumination. Because of the lesser energy used by translucent concrete, sunlight is used as a light source in the daytime. To increase its adoption rate across the globe, it brightens up and enhances the aesthetic view of the building. This type of concrete becomes beneficial for those countries which have low access to light.

There are three layers in Optical fiber as core, cladding and buffer coating or jacket. Transmission of light takes place through the core of the optical fiber. Like any other aggregate this fiber blends into the concrete. These optical fibers have the ability to transmit light from natural and artificial sources into spaces which are further enclosed by the translucent concrete panels. Transmission of light in the optical fiber takes place even at an incident angle greater than 60 degrees, because of which it is highly used. Transparent concrete does not contain coarse aggregates, it is manufactured using fine materials only. There has been a lack of awareness among the masses for the use and benefits of translucent concrete, which hampers its growth. But there has been increase in the research and development by knowing the fact and benefits provided by the usage of translucent concrete, which thereby expected to fuel the market growth in the near future.

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Further key findings from the report suggest

The market for translucent concrete is anticipated to grow at a CAGR of 1% in the Middle East and Africa, followed by Europe and North America, with 79% and 73% CAGR, respectively. Increasing demand for green buildings for construction and infrastructure, robust growth in the fine concrete materials are the key factors to accelerate market growth during the forecast period across all regions.
As of 2018, the facade and wall cladding segment was valued at USD 756 thousand. The translucent concrete, when used in facade & wall cladding, offers natural light transmission and saves electrical energy. It also provides high strength due to the presence of concrete as a raw material has one of the reasons for the growth of the translucent concrete market.
The penetration of translucent concrete structures into the Asia-Pacific region is primarily due to population growth, leading to high electrical energy consumption in the region, especially in India, Japan, and China
China’s Transportation Ministry of Science and Technology in April 2018 has announced the construction of smart roads which will charge the cars automatically. The road will be paved with electric battery, sensors and solar panels which will be embedded underneath a translucent concrete.
The MEA region holds the largest market share in the translucent concrete industry. This is because the region has the presence of construction & infrastructure industry that focuses significantly on the development of modern and advance technological restaurant accessories, floorings, residential & commercial buildings, monuments, and worship places technologically.
The translucent concrete, when used in facade & wall cladding as an application, saves electrical energy and offers natural light transmission. It is also weather-insensitive and hence, offers durability. As there is a presence of concrete provides high strength as raw material.
Key participants include Litracon Ltd, Lucem GmbH, Dupont Lightstone, Cre Panel GmbH, Italcementi Spa, Pan-United Corporation Ltd, Beton Broz, Glass Block Technology Limited, Florack Bauunternehmung GmbH, and Illuminart.

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For this report, Reports and Data have segmented the translucent concrete market based on application, end-use, and region.

Raw Material (Revenue in USD Thousand; Volume in Tons, 2016–2026)

Fine Concrete
Optical Elements

Application (Revenue in USD Thousand; Volume in Tons, 2016–2026)

Facade & Wall Cladding
Flooring
Others

End-Use Industry (Revenue in USD Thousand; Volume in Tons, 2016–2026)

Construction & Infrastructure
Others

Furniture
Ornament

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2021-10-08

Concrete Surface Retarders Market Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2028

The global concrete surface retarders market is forecast to reach USD 105.8 Million by 2028, according to a new report by Reports and Data. Retarders for concrete surfaces are used to delay the initial setting time of the concrete up to an hour. They are generally used in the hot weather conditions to counter the rapid hardening due to high temperature, thus allowing them time for mixing, transporting, and placing. Retarders also act as water reducers. The increasing construction activities across the globe, coupled with the rising population and changing lifestyles are propelling the growth of the market. Rapid urbanization will also drive the demand for concrete surface retarders during the forecast period. The increasing upcoming commercial, industrial, and residential projects will contribute to the growth of the market throughout the forecast period.

In 2018, the European market held the largest market share, and the region is expected to retain its dominance during the forecast period. North America accounted for the second-largest market share, followed by Asia Pacific, owing to the increasing construction activities in the regions. Increasing population in the regions, contribute directly to the GDP and employment. Investment in infrastructure has also created job opportunities both directly and indirectly, as these projects had and will have wide spin-offs into other industries. This led to the application of surface retarders in the commercial construction sector.

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Further key findings from the report suggest

Among the agent types, organic agents account for a larger market share of ~60% in the year 2018 and are forecasted to grow further with a CAGR of 4.1% during the forecast period. Common varieties of organic retarders are hydroxyl carboxylic acids & their salts, polyhydric alcohols & their derivatives, sugars, and other carbohydrates. Most of these retarders typically have hydrophilic active groups, with water-reducing effects, so they are also known as retarding water-reducing agents.
The inorganic agents are anticipated to grow at a rate of 3.2% during the forecast period. Some examples of inorganic salt retarders include borax, zinc carbonate & sulfates, zinc chloride, phosphates, and metaphosphates of iron, copper, & zinc.
The European region held the largest market share of ~30% in the year 2018 and is anticipated to witness a CAGR of 3.0% during the forecast period. Rapid growth of the construction & infrastructure industry in the region are majorly escalating the demand for concrete surface retarders. Stringent environmental norms and policies in the region are also responsible for the growth of the market. Raw materials of concrete contain cement, which are produced using recycled waste.
Key participants include Adomast Manufacturing, BASF, Cemex, Chemmasters, Dayton Superior, Fosroc, Fritz-Pak, GCP Applied Technologies, Interstar Materials, Kingdom Products, Larsen Building Products, Premiere Concrete Admixtures, Prime Exposure, Reckli, Russtech, Sika, TK Products, The Euclid Chemical Company, Thermax, Twin City Concrete Products, and W. R. Meadows, among others.
The companies have adopted various strategies, including mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

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For this report, Reports and Data have segmented into the global concrete surface retarders market on the basis of product type, agent type, end-user, and region:

Product Type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2018-2028)

Water-based
Solvent-based

Agent type Outlook (Volume, Kilo Tons and Revenue, USD Million; 2018-2028)

Inorganic Agents
Organic Agents

End-User Outlook (Volume, Kilo Tons and Revenue, USD Million; 2018-2028)

Industrial
Commercial
Residential
Others

The regional analysis covers:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Competitive Landscape:

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2021-10-08

Insulated Concrete Form (ICF) Market Growth, Revenue Share Analysis, Company Profiles, and Forecast To 2027

The global Insulated Concrete Form (ICF) market is forecast to reach USD 1.40 Billion by 2027, according to a new report by Reports and Data. Growing urbanization in developing countries will offer positive prospects for the building sector, which will further improve the industrial landscape. ICF systems offer better energy efficiency and substantial structural strength, thereby contributing to further implementation in the residential and non-residential sectors.

ICF's continued growth in the construction and infrastructure sector due to technological superiority over traditional wood-frame walls and roofing systems will promulgate the size of the insulated concrete form market. Growing concerns over reduced carbon dioxide levels and rising electricity costs will further increase demand for the product, thereby providing lucrative opportunities for industry participants.

The multiplication of natural disasters, including tsunamis, hurricanes, floods, earthquakes, tornadoes, volcanic eruptions, and others, will also lead to an increase in the construction of disaster-resistant houses. The substantial increment in the construction of disaster-resistant buildings in the disaster-prone areas will lead to significant demand for ICF in walls and roofs.

Key features such as energy efficiency and proper mitigation provided by the ICF resonate with owners at all income levels, directly affecting its popularity as a building system, in tropical and subtropical climatic environments. The migration of the rural population to urban areas, as well as the conversion of large cities into cities, will increase the demand for new construction projects in developing economies. Besides, a positive development in the standard of living of consumers will stimulate significant demand for energy-efficient, highly durable, and comfort-enhancing products, thereby increasing the product portfolio.

Favorable government initiatives to raise awareness and provide subsidies for the use of green materials in the construction sector will lead to increased demand for the product. Significant regulatory developments improving the mandatory thickness requirements in the building and the adoption of energy efficiency standards have further fueled the demand for insulated concrete formwork materials.

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Key participants include BASF, IntegraSpec, Quad-Lock Building Systems Ltd., Airlite Plastics Co. (Fox Blocks), Superform Products Ltd., Future Foam, AMVIC, LOGIX Insulated Concrete Forms, ConForm Global, and RPM International Inc., among others.

Further key findings from the report suggest

Insulated concrete forms made from polystyrene accounted for the largest market share in 2019 due to their higher thermal insulation values, their lightness, and their low cost. Lightweight expanded polystyrene foams are widely used due to their low density, improved mechanical properties, dimensional stability, and thermal insulation.
The non-residential segment is expected to grow at a CAGR of 5.3% from 2019 to 2027. The increase in the number of hospitals, restaurants, and hotels, and educational buildings due to population growth is expected to propel the growth of the construction industry. The increasing penetration of products in the construction sector should have a positive impact on market growth.
The early acceptance of ICF products and the growing need for green building solutions should propel the growth of the industry in Europe. Also, the European Commission's green building program to improve the energy efficiency of residential and non-residential buildings in Europe should support the growth of insulated concrete formwork.

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For the purpose of this report, Reports and Data have segmented into the global Insulated Concrete Form market on the basis of Material Type, Concrete Shape, Application, and Region:

Material Type Outlook (Revenue, USD Billion; 2017-2027)

Polystyrene
Cement-Bonded Wood Fiber
Polyurethane

Concrete Shape Outlook (Revenue, USD Billion; 2017-2027)

Flat Wall System
Waffle Grid System
Post & Lintel System

Application Outlook (Revenue, USD Billion; 2017-2027)

Residential
Non-Residential

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