Ultra-High Performance Concrete Market: Global Opportunity Analysis and Industry Forecast, 2023-2030 Market

Ultra-High Performance Concrete Market Outlook - 2027

Ultra-high performance concrete is widely used in the construction industry to make strong structures with high compressive strength. It is a type of concrete, which has the compressive strength of more than 150 megapascals (MPa). It comes with required toughness, tensile ductility, and specified durability. To achieve these requirements, fiber is used in the mixture. Due to the low price of ultra-high performance concrete, it is preferred over conventional concrete coatings. In ultra-high performance concrete, water to binder ratio is generally less than 0.25.

COVID-19 scenario analysis:

• The demand for ultra-high performance concrete is expected to decrease in 2020 due to low demand from different industries, such as construction, owing to the lockdown imposed by governments of many countries.
• Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export of ultra-high performance concrete across the globe.
• Demand for new construction materials have witnessed a massive negative shift since the outbreak in December 2019, with manufactures and investors expecting an excessively receding economic growth.
• Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials have halted across the globe.
• Construction material manufacturing companies located in China are the major victims of from the outbreak, owing to lockdown and unavailability of logistics in the region.
• The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which led to the discontinuation of production of construction materials.
• Decreased consumer demand and consumption led to reduction and slow down of sales of construction materials across the globe over the course of the current economic year.
• Therefore, the ultra-high performance concrete market is expected to be negatively affected in 2020.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

Ultra-high performance concrete is an advanced type of cement with features such as excellent durability and high strength. It is used so that sustainability of the structure or a building and other infrastructure components can be improved. Ultra-high performance concrete is used in different application such as repair & rehabilitation, architectural features, bridges, and building components. It is also used in hydraulic structures, offshore structures, and in windmill towers. Among these applications, ultra-high performance concrete is most commonly used for the construction of bridges and roads. Many countries, such as New Zealand, Australia, Switzerland, South Korea, and the U.S., make use of ultra-high performance concrete for construction of bridges and roads. 

Ultra-high performance concrete is also referred as reactive powder concrete. Ultra-high performance concrete is formed by the combination of water, high-range eater reducers, fine sand, quartz flour, limestone flour, reactive powders, and supplementary materials. These materials are combined so that the ultra-high performance concrete of high compressive strength up to 200 Mpa can be formed. Fine materials in the concrete provides smooth and dense surface for the aesthetics of the concrete, and these fine materials can be transformed to attain more hardness.

Different types of fibers are used for the production of ultra-high performance concrete. The types of fibers used are carbon, glass, PVA, high carbon steel or the combination of all these types of fibers. These materials are ductile in nature and are widely used to make high-performance concrete. These materials have the ability to deform as well as to support loads, even if there are initial cracks in the structure. 

The ultra-high performance concrete is also used in structures, which are built in marine areas. The reinforced concrete structure in marine areas faces the problem of chloride induced corrosion. The use of ultra-high performance concrete has proved to be an effective solution due to high durability, which protects the structure against chloride corrosion. Most of the bridges, which are built on the sea, consist of ultra-high performance concrete. Therefore, less maintenance is required while these bridges are light in weight. The demand for ultra-high performance concrete is expected to rise during the forecast period as it can be used in various applications. The strength of ultra-high performance concrete is much higher than conventional concrete. Therefore, many companies prefer it over other types of concrete, which is a key driving factor for the growth of the ultra-high performance concrete market. 

Key benefits of the report:

• This study presents the analytical depiction of the ultra-high performance concrete market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the ultra-high performance concrete market share.
• The current market is quantitatively analyzed to highlight the ultra-high performance concrete market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

 Ultra-High Performance Concrete Market: Global Opportunity Analysis and Industry Forecast, 2020-2027 Report Highlights