High Strength Concrete Market Size, Trends and Insights By Product Type "(Ready-mix/Pre-mix, Precast concrete, On-site), By Application (Underground Construction, Inground swimming pool Commercial, Residential, Infrastructure, Other Applications), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- BASF SE
- CEMEX SAB DE C.V.
- Ultratech Cement Ltd
- ACC Limited
- Others
Reports Description
According to Custom Market Insights (CMI), The Global High Strength Concrete Market size was estimated at USD 126.56 Billion in 2021 and is expected to reach USD 169 billion in 2022 and is expected to hit around USD 507.9 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 5.0 % from 2022 to 2030.
High-strength concrete is defined as concrete with a specified compressive strength of 55 MPa (8000 psi) or higher. It has a compressive strength of over 69 MPa (10,000 psi) and is routinely produced daily. It has many vital attributes, widely preferred in various end-use industries. For instance, it has high strength and resilience compared to a regular concert and is resistant to uncertain environmental factors. As a result, it has a wide range of applications in various end-use industries, including building & construction, residential, commercial, and others.
Growth Factors.
The growing use of high-strength concrete in building & construction sectors will aid market growth.
The high strength concrete is a very agile material and makes the building structure less porous, which increases the bond strength and also helps in lowering the construction time and reducing costs owing to which it is widely used in the repair and construction activity. In response to this, increasing demand from the building & construction sector is one of the critical factors responsible for the growth of the global high-strength concrete market.
High strength is preferred over conventional concrete material due to its low volatile organic content. Therefore, high-strength concrete is used extensively in the bridges and construction sector as it is resistant to corrosion, scratch, and chemical spill and possesses high strength. For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025.
Furthermore, advancement in concrete technology and the availability of raw materials has spurred the usage of high-strength concrete. These factors are anticipated to increase the demand for high-strength concrete in the construction sector.
Furthermore, the growing population has raised the need for building and construction activity, significantly increasing the demand for high-strength concrete due to its ease of operation and the attributes above. It is mainly used for making driveways, slabs, and columns. These factors are increasing the demand for the high-strength concrete market in the upcoming years. Moreover, the high-strength solid market growth is boosted owing to the increase in underground, inground construction, and mining activities across the globe.
High-strength concrete Market Segmentation.
High-strength concrete market, segmented by Product Type
Depending upon the product type, the high-strength substantial market is segmented into ready-mix/pre-mix, precast concrete, and on-site.
The on-site segment dominated the market in 2021 and is expected to grow with a total share of 28% over the forecast period. In on-site-based high-strength concrete, ingredients, including water, are mixed before introduction into the buildings. Furthermore, the on-site high-strength concrete has a higher water-holding capacity than the pre-mix. These factors are escalating the demand for the on-site-based high-strength concrete market during the forecast period. In addition, the growing population led to a rise in demand for building and construction where on-site high-strength concrete is used for making columns, walls, and slabs.
Furthermore, the on-site high-strength concrete is preferred over any other type owing to its various benefits, such as controlling water content, easy spraying, and adding mixtures as per design requirements during the mix preparation. These factors are coupled to enhance the market growth in the upcoming years.
High-strength concrete market, a segment on the basis of Application
Based on application, the global high-strength concrete market is studied as a commercial, residential, infrastructure, and other applications. It is expected that the worldwide building and construction segment to hold a dominant position during 2022 -2031. It is growing at the fastest CAGR and had 35% of the total share during the forecast period. The construction industry is expected to be a significant driving factor for the solid concrete market in the upcoming years.
For instance, according to a report published by Marsh and Oxford Economics, the global construction industry is forecast to grow 42% to $15trn by 2030. High-strength concrete is especially preferred over conventional concrete due to its high strength, resistance to uncertain weather, and high resilience. This factor is anticipated to drive the market in the coming years.
Furthermore, an increase in underground construction activities, a surge in underground transport, and government initiation and investment in the construction activity drive the overall market growth.
Furthermore, underground space development is susceptible to extreme geological conditions, harmful gas outbursts, high-ground stress, and rock bursts. High-strength concrete is a well-known method for installing permanent structural lining for non-uniform surfaces in underground construction.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 126.56 Billion |
| Projected Market Size in 2030 | USD 507.9 Billion |
| CAGR Growth Rate | 5.0 % CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | BASF SE, CEMEX SAB DE C.V., Ultratech Cement Ltd, ACC Limited, Clayton Block Co., Godrej & Boyce Mfg. Co. Limited, U.S. Concrete Inc., Gulf Precast Concrete Co. LLC, LafargeHolcim, Sakrete, Sika AG, TAKTL, Tarmac, The Quikrete Companies, and Others |
| Key Segment | By Product Type, Application, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Analysis
Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the dominant region in the high-strength concrete market, accounting for 34%. Countries such as China, India, Japan, and other countries are declared densely populated, which in turn leads to a rise in the demand for building and construction activity.
This factor is expected to be one of the key drivers responsible for market growth. According to data published by Invest India in September 2022, cement production (weight: 5.37 %) increased by 2.1 % in July 2022 over July 2021. As a result, its cumulative index increased by 13.3 % from April to July 2022-23 over the corresponding period of the previous year. This factor is anticipated to drive the market in the Asia-Pacific region.
Moreover, China’s bridge, tunnel, and construction activity are expected to grow at a rapid pace owing to the rapid increase in population, industrialization, urbanization, and government support for the construction sector has spurred the overall market growth. For instance, according to an article published by IBIS World in the year March 2022, the bridge, tunnel, and subway construction industry in China has been proliferating over the past five years, where industry revenue is expected to rise at an annualized 9.7% over the five years through 2022. In addition, Industry firms are set to generate $1.6 trillion in 2022. The industry is generally profitable as the government controls many construction enterprises, particularly large-scale firms, and assists firms with preferable policies.
Furthermore, North America, Europe, and LAMEA also showed considerable growth over the forecast period. This is attributed to the growing residential and commercial, building, and construction activities across developed and developing economies such as the U.S., Canada, Mexico, Germany, Spain, Italy, the UK, and others have spurred the high-strength concrete market during the forecast period.
Critical factors for the growth of the high-strength substantial market in Europe are growing building and construction activities, repair works, tunnel projects, mining & extraction. For instance, according to an article published by Putzmeister in 2022, Cross rail is a new railway link that will dramatically cut travelling times within London and is currently Europe’s largest infrastructure project with a total price tag of £14.8 billion. These factors are enhancing the high-strength concrete market during the forecast period.
Key Players
- BASF SE
- CEMEX SAB DE C.V.
- Ultratech Cement Ltd
- ACC Limited
- Clayton Block Co.
- Godrej & Boyce Mfg. Co. Limited
- S. Concrete Inc.
- Gulf Precast Concrete Co. LLC
- LafargeHolcim
- Sakrete
- Sika AG
- TAKTL
- Tarmac
- The Quikrete Companies
Key Findings:
- The on-site segment dominated the market in 2021 and is expected to grow over the forecast period with a total market share of 28%.
- The global building and construction segment held a dominant position during 2022 -2031 and accounted for 35% of the total market share during the forecast period.
- Asia-Pacific is the dominant region in the high-strength concrete market, with a total market share of 34% during the forecast period.
Recent Development:
In April 2016: BASF SE launched a new admixture for low-viscosity concrete in Indonesia named, MasterEase. This strategic product launch has widened BASF’s product portfolio in Indonesia.
In November 2021: Sika AG acquired the MBCC group specializing in chemical and construction. This strategic acquisition has strengthened Sika AG’s product portfolio in the Europe region.
COVID-19 Analysis
The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. As a result, the guidelines and policies of high-strength concrete products’ logistics and supply chains were affected remarkably.
In addition, the falling income of customers has led to a contraction in demand for high-strength concrete products from building and construction, underground construction, inground swimming pool, water retaining structure, protective coating and repair works, and other end-use industries during the COVID-19 period. Moreover, declining sales of the building and construction sector during 2020 have halted the high concrete solid market growth. However, the vaccination programs and lifting lockdowns are expected to propel the high-strength substantial market growth in 2021.
In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the building & construction, repair works, underground & tunnel construction, the manufacturing sector is expected to recover soon owing to the record of high strength concrete production unit in both developed and devel
Segments covered in the report
By Product Type
- Ready-mix/Pre-mix
- Precast concrete
- On-site
By Application
- Underground construction
- Inground swimming pool Commercial
- Residential
- Infrastructure
- Other Applications
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global High Strength Concrete Market, (2022 – 2030) (USD Billion)
- 2.2 Global High Strength Concrete Market : snapshot
- Chapter 3. Global High Strength Concrete Market – Industry Analysis
- 3.1 High Strength Concrete Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 High-strength concrete in building & construction sectors
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product Type
- 3.7.2 Market attractiveness analysis By Application
- Chapter 4. Global High Strength Concrete Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global High Strength Concrete Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global High Strength Concrete Market – Product Type Analysis
- 5.1 Global High Strength Concrete Market overview: By Product Type
- 5.1.1 Global High Strength Concrete Market share, By Product Type, 2021 and 2030
- 5.2 Ready-mix/Pre-mix
- 5.2.1 Global High Strength Concrete Market by Ready-mix/Pre-mix, 2022 – 2030 (USD Billion)
- 5.3 Precast concrete
- 5.3.1 Global High Strength Concrete Market by Precast concrete, 2022 – 2030 (USD Billion)
- 5.4 On-site
- 5.4.1 Global High Strength Concrete Market by On-site, 2022 – 2030 (USD Billion)
- 5.1 Global High Strength Concrete Market overview: By Product Type
- Chapter 6. Global High Strength Concrete Market – Application Analysis
- 6.1 Global High Strength Concrete Market overview: By Application
- 6.1.1 Global High Strength Concrete Market share, By Application, 2021 and 2030
- 6.2 Underground construction
- 6.2.1 Global High Strength Concrete Market by Underground construction, 2022 – 2030 (USD Billion)
- 6.3 Inground swimming pool Commercial
- 6.3.1 Global High Strength Concrete Market by Inground swimming pool Commercial, 2022 – 2030 (USD Billion)
- 6.4 Residential
- 6.4.1 Global High Strength Concrete Market by Residential, 2022 – 2030 (USD Billion)
- 6.5 Infrastructure
- 6.5.1 Global High Strength Concrete Market by Infrastructure, 2022 – 2030 (USD Billion)
- 6.6 Other Applications
- 6.6.1 Global High Strength Concrete Market by Other Applications, 2022 – 2030 (USD Billion)
- 6.1 Global High Strength Concrete Market overview: By Application
- Chapter 7. High Strength Concrete Market – Regional Analysis
- 7.1 Global High Strength Concrete Market Regional Overview
- 7.2 Global High Strength Concrete Market Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America High Strength Concrete Market, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.4 North America High Strength Concrete Market, by Product Type, 2022 – 2030
- 7.4.1 North America High Strength Concrete Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.5 North America High Strength Concrete Market, by Application, 2022 – 2030
- 7.5.1 North America High Strength Concrete Market, by Application, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe High Strength Concrete Market, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.7 Europe High Strength Concrete Market, by Product Type, 2022 – 2030
- 7.7.1 Europe High Strength Concrete Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.8 Europe High Strength Concrete Market, by Application, 2022 – 2030
- 7.8.1 Europe High Strength Concrete Market, by Application, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific High Strength Concrete Market, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific High Strength Concrete Market, by Product Type, 2022 – 2030
- 7.10.1 Asia Pacific High Strength Concrete Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific High Strength Concrete Market, by Application, 2022 – 2030
- 7.11.1 Asia Pacific High Strength Concrete Market, by Application, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America High Strength Concrete Market, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.13 Latin America High Strength Concrete Market, by Product Type, 2022 – 2030
- 7.13.1 Latin America High Strength Concrete Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.14 Latin America High Strength Concrete Market, by Application, 2022 – 2030
- 7.14.1 Latin America High Strength Concrete Market, by Application, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa High Strength Concrete Market, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa High Strength Concrete Market, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa High Strength Concrete Market, by Product Type, 2022 – 2030
- 7.16.1 The Middle-East and Africa High Strength Concrete Market, by Product Type, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa High Strength Concrete Market, by Application, 2022 – 2030
- 7.17.1 The Middle-East and Africa High Strength Concrete Market, by Application, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 BASF SE
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 CEMEX SAB DE C.V.
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Ultratech Cement Ltd
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 ACC Limited
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Clayton Block Co.
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Godrej & Boyce Mfg. Co. Limited
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 S. Concrete Inc.
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Gulf Precast Concrete Co. LLC
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 LafargeHolcim
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Sakrete
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Sika AG
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 TAKTL
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Tarmac
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 The Quikrete Companies
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.1 BASF SE
List Of Figures
Figures No 1 to 22
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“Asia-Pacific” region will lead the global High Strength Concrete market during the forecast period 2022 to 2030.
The key factors driving the market is high-strength concrete in building & construction sectors.
The key players operating in the High Strength Concrete market are BASF SE, CEMEX SAB DE C.V., Ultratech Cement Ltd, ACC Limited, Clayton Block Co., Godrej & Boyce Mfg. Co. Limited, U.S. Concrete Inc., Gulf Precast Concrete Co. LLC, LafargeHolcim, Sakrete, Sika AG, TAKTL, Tarmac, The Quikrete Companies.
The global High Strength Concrete market is expanding growth with a CAGR of approximately 5.0 % during the forecast period (2022 to 2030).
The global High Strength Concrete market size was valued at USD 126.56 Billion in 2021 and it is projected to reach around USD 507.9 Billion by 2030.