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Published on 5/5/2018

Published by timharrison0064@gmail.com

Can the current growth in concrete markets be sustained?

Increased levels of urbanisation are adding to continued growth in the concrete industry worldwide


Cover photo source : pngall.com

 

 

 

Can the current growth in concrete markets be sustained?

 

Concretebroker founder Tim Harrison takes a look at the concrete industry at large

 

Calendar Annual Growth Rates (CAGR) for many market segments in the concrete industry have been forecast to grow in the coming years. Growth is forecast in the self compacting concrete, the pre cast, high early strength and decorative concrete market segments to name but a few. Clearly world economic stability, the lack of a recession in the USA, China and greater Asia are all adding to this growth curve. But are there other factors at play? Is there in fact a trend toward concrete? And can the existing growth rates be sustained?

 

To answer this question we need to look closely at how the concrete industry has developed in recent decades. In the early 2000’s the precast concrete industry, self stabilisation and high early strength markets were no where near as technically advanced, developed and broad as they are today. Precast concrete structures, as an example,  are present in much of the infrastructure being completed today, including road and bridge building projects. Today high early strength concrete enables developments to proceed at a faster completion rate,  whilst at the same time facilitating the development of larger, more complex urban and industrial projects. And in the decorative concrete market the advanced use of stencils, stamp patterns and “timber” concrete, are paving the way for an expansion of that market segment throughout Europe and beyond. 

 

 

Architects, interior designers and project developers are adding to these increases in Calendar Annual Growth Rates as they continue to recommend concrete houses, polished concrete floors, concrete wall features, concrete applications and concrete interiors for both residential and industrial developments. Concrete is not only seen as being durable, long lasting and easy to clean, it is now viewed as a realistic alternative to other materials such as timber, steel, plastic, stone and marble. In many instances it is less expensive, just as aesthetically appealing, and faster to install than the alternative materials available. Whilst if you talk to anyone in the Glass Fiber Reinforced Concrete market they will say “it’s only the beginning”, as sales of concrete furniture including countertops, tables, chairs and ancillories are just starting to take off.

 

 

 

Another market segment exhibiting significant growth is the global concrete admixture market. Recently grandviewresearch.com  noted that this markets size in terms of volume, was estimated at 22,585.0 kilotons in 2016. The industry growth is supported by increasing investment in the infrastructure sector. Government investments in the expansion of airports are likely to propel the demand for concrete admixtures. As of January 2015, global investments made in airport construction was nearly USD 540 billion. The increasing urbanization is putting strain on the current airports facilities.

 

U.S. concrete admixture market revenue by application, 2014 - 2025 (USD Billion)

      Source : grandviewresearch.com

 

The number of international tourist grew by 4.4% to reach 1.18 billion in 2015. Nearly 50 million of more tourist visited international destinations compared to 2014. The tremendous performance of this sector is contributing for job creation and economic growth world-wide.

 

The future sustainability of the concrete market is clearly dependant on the industries ability to change work practices in the face of significant environmental challenges. Put simply, the move toward greener solutions in concrete production cannot come fast enough to an industry dependant on raw materials for its manufacture. Though the continued growth in the concrete industry may not be entirely dependant on economic growth in powerhouses such as China and the US, it may be derived from our continued move toward urbanisation. Apartment building, roads, airports and an abundance of residential concrete applications are all driving the sutainability of what is one of the worlds leading growth engines.   

 

 

                     Photo source : PxHere.com

 

 

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Tags: airports architects bridge building concrete concrete industry concrete markets concrete worldwide GFRC Industry markets road construction self compacting tourism urbanisation


This article was written by timharrison0064@gmail.com all rights reserved. The views and opinions expressed in this article are those of the author(s) and do not necessarily reflect those of concretebroker.com