The global ultra-high performance concrete market is expected to reach USD 642.0 Million by 2027, according to a new report by Reports and Data. Ultra-High Performance Concrete (UHPC) is a concrete material bearing the properties of cement and has the least compressive strength of 120 MPa with stated durability, robustness, and tensile ductility standards. UHPC is usually formulated by blending Portland cement, added cementitious materials, limestone, fine sand, reactive powders, quartz silica flour, superplasticizers, and water. Moreover, the application of fine materials aid in offering a smooth and dense surface garnering high demand for its aesthetics.
Government initiative to boost infrastructure development in developing nations is likely to drive ultra-high performance concrete demand in the forecast period. This has resulted in the order book position of several construction players to be currently sufficient to offer medium-term revenue visibility. For instance, the Bharatmala Pariyojana project, by the Government of India, is a macro and corridor-based approach to the development of roads, which caters to expansion as well as plugging of the existing infrastructure gaps and is likely to make available enormous opportunities for the construction sector as it is the largest road development program in India.
Rapid urbanization, changing lifestyle, and the demand for better visual aspects for high-rise residential and commercial construction, have persuaded architects and construction engineers to bring novelty in the design of concrete structures appropriate for various applications, which in turn, is anticipated to fuel ultra-high performance concrete demand.
COVID-19 Impact
The COVID-19 pandemic is having a significant impact on the ultra-high performance concrete industry. Demand for the product is suffering severe shocks across various end-use markets, worldwide supply chains are upset, and the competitive order of manufacturers/producers has witnessed a change. The shortage of demand, owing to a decline in the construction activities, including infrastructure development, has fast-tracked the global ultra-high performance concrete sector into an oversupply situation. Movement restrictions appear to be a direct and immediate effect, and once the compulsory social distancing ends, it is expected things would get back to normal conditions.
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/3449
Key participants include ACC Limited, Lafargeholcim, Sika AG, Ceentek, Gulf Precast Concrete, Cemex SAB De CV, Vicat, US Concrete Inc., Ultratech Cement Ltd., and Metalco, among others.
Further key findings from the report suggest
Browse Complete Report “Ultra-High Performance Concrete Market” @ https://www.reportsanddata.com/report-detail/ultra-high-performance-concrete-market
Market Overview:
Rapid developments in the manufacturing sector and equipment, robust growth in the building and construction sector, high adoption for eco-friendly materials in constructions and increasing demand for smart buildings and smart homes are boosting market growth. Steady increase in the disposable income across the globe, improvements in the standard of living, increasing number of redevelopment plans and high demand for aesthetic look and posh homes are further fueling market growth. In addition, increasing R&D investments, and government schemes to support manufacturing and construction industry are fueling growth of the global Ultra-High Performance Concrete market.
For the purpose of this report, Reports and Data have segmented the global ultra-high performance concrete market on the basis of type, distribution channel, application, and region:
Type Outlook (Revenue, USD Million; 2017-2027)
Distribution Channel Outlook (Revenue, USD Million; 2017-2027)
Application Outlook (Revenue, USD Million; 2017-2027)
Request Customization of the report @ https://www.reportsanddata.com/request-customization-form/3449
Detailed Regional Analysis Covers:
About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Media ContactCompany Name: Reports and DataContact Person: John WatsonEmail: Send EmailPhone: +1-212-710-1370Address:40 Wall St. 28th floor City: New York CityState: NY 10005Country: United StatesWebsite: https://www.reportsanddata.com/report-detail/ultra-high-performance-concrete-market