The Ultra-High Performance Concrete Market was estimated to be worth USD 425.63 million in 2021 and USD 753.47 million by 2029, growing at a CAGR of 7.40% from 2022 to 2029. The Data Bridge Market Research team's thorough expert research, import/export analysis, pricing analysis, production consumption analysis, patent analysis, and technical advances are all included in the market study.
Due to its robust constructions and high
compressive strength, ultra-high performance concrete (UHPC) is widely employed
in the building sector. This particular variety of concrete has a compressive
strength more than 150 megapascals (MPa). It is derived with the necessary
toughness, durability, and tensile ductility.
Ultra-High-Performance Concrete (UHPC) is
a material with a variety of characteristics, including extremely high
strength, energy capacity, flexibility, and durability. It is formed of cement
and concrete ingredients. These reasons make this material useful in many
building projects including other types of concrete materials. Reactive powder
concrete (RPC), as it is often called, is a material that can increase the
sustainability of structures and other infrastructure.
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Ultra-high Performance Concrete Market
Dynamics
Drivers
Increase the demand of new construction
projects
Due to improvement in macroeconomic
conditions increase the demand for new construction projects globally. Strong
growth has been witnessed in housing projects and new residential. Also, the
demand for concrete with better durability, sustainability, superior quality
higher compressive strength, and reduced weight is anticipated to drive the
growth of the ultra-high performance concrete market
Rise in demand for non-residential and
non-commercial construction
The demand for ultra-high performance
concrete is mainly driven by increased demand for non-residential and
non-commercial construction. Public-private organizations (PPPs) are also
driving the growth of this section, which is driving the demand for several
grades of ultra-high performance concrete in infrastructure projects.
Increase application in construction and
infrastructure
Construction of road and bridge dominate
the market of ultra-high performance concrete and is expected to ascend at a
high growth rate over the forecast period. UHPC can be used as a column,
structural precast element, and facade in building construction. Furthermore,
this material is also used in the machinery industry to produce integrated machine
parts, which in turn is anticipated to fuel the market growth.
Opportunities
Development of new products and services
Due to Increasing the urbanization
globally which leads to the increase the number of prevalence of high
performance material, construction activities, rising funds for the development
of industrialisation and infrastructure are few factors which will expected to
increase the growth of the ultra-high performance concrete market during
forecast period
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COVID-19 Impact on Ultra-High Performance
Concrete Market
Ultra-high-performance concrete market
affected drastically during COVID-19 pandemic because the demand of
ultra-high-performance concrete from several industries decreased mostly from
the construction sector. Due to the imposed lockdown, the imports and exports
of the construction materials are ceased.
The transportation services are banned
globally, affecting the trade of construction materials. Therefore, the supply
and demand for these materials are halted. But after lifting the lockdown, the
ultra-high performance concrete market growth increases due to the increase for
its multiple benefits in several industries.
Global Ultra-High Performance Concrete
Market Scope
Material
- Cement
- Admixtures
- Sand and Quartz Flour
- Others
Product
- Slurry-infiltrated Fibrous Concrete (SIFCON)
- Reactive Powder Concrete (RPC)
- Others
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Application
- Residential
- Infrastructure
- Commercial
- Others
End-user
- Construction Industry
- Marine Industry
Ultra-High Performance Concrete Market
Regional Analysis/Insights
Asia-Pacific dominates the ultra-high
performance concrete market in terms of residential and infrastructural
construction sector and will continue to flourish its dominance during the
forecast period of 2022 to 2029.
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