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Last edited 27 Jul 2020
The introduction of self-compacting concrete is regarded by some as one of the most important recent advancements in the concrete technology. It is a non-segregating concrete that can flow under its own weight, spread, fill formwork, and encapsulate reinforcements without the need for mechanical consolidation. Because of its exceptional flowing properties, SCC is used predominately in the construction of complex concrete frames.
The global self-compacting concrete (SCC) market was estimated to be worth USD 8.74 Billion in 2016, and is projected to reach USD 15.18 Billion by 2026, growing at a CAGR of 5.7%. Growth of the self-compacting concrete market has been driven by the simplicity of use, a significant reduction in maintenance, repairing, and overhauling (MRO) costs, and limited impact on the environment.
Based on type of design mix, the combination type is the fastest-growing product, and already holds the second-largest share of the global market. This segment is projected to grow at the highest CAGR between 2016 and 2026, as it effectively balances moisture fluctuations during the manufacturing process.
The Asia-Pacific is the largest regional market and is expected to witness rapid economic and infrastructural growth. Increasing investments in the construction sector in China and the growing inflow of foreign investment in India are contributing to the growth of the region. Countries such as China, India, Indonesia, Malaysia, and Thailand offer further growth opportunities.
The key players in the market include CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim Limited (Switzerland), Tarmac (U.S.), Sika Group (Switzerland), BASF SE (Germany), and ACC Limited (India).
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