Concrete Filler Market Growth Outlook, Opportunities and Forecast 2030
Increasing use concrete filler in the sports architecture and construction industry by civil engineers due to its property to reinforce cement strength
The
global concrete filler market size was significantly robust in 2021 and is
expected to register a high CAGR over the forecast period.
The global Concrete Fillers Market exhibited strong growth in 2021 and is projected to
maintain a high compound annual growth rate (CAGR) throughout the forecast
period. The increased utilization of concrete fillers in the construction and
sports architecture industries by civil engineers is driving market revenue growth.
This is primarily attributed to the fillers' ability to enhance the strength of
cement and their adoption in the hydropower sector for the repair of dams and
related projects.
Concrete
fillers, commonly composed of materials like fly ash, plastic polymers, rubber,
and stones, are extensively employed for maintaining the integrity of walls and
slabs. Cement structures at construction sites, including residential and
commercial buildings, bridges, and dams, often develop cracks due to exposure
to adverse weather conditions and rainfall, which can weaken their structural
integrity. Therefore, it is crucial to repair these cracks to ensure the safety
of occupants and reinforce the overall strength of the structures. Concrete
fillers are injected into the cracks as a solution, which solidifies and seals
the cracks from within after drying.
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Top Leading Players:
- Parex
(Canada)
- The Euclid
Chemical Company U.S.)
- Pidilite
Industries Ltd. (India)
- Sakrete
(U.S.)
- Sika AG
(Switzerland)
- Felxcrete
Technologies Inc. (U.K.)
- Forsoc Inc.
(UAE)
- Fastenal
Company (U.S.)
- MBCC Group
(Germany)
- Remmers
Baustofftechnik GmbH (Germany)
Opportunities for players in the global concrete
filler market:
With
an increasing emphasis on non-fossil fuel electricity sources, hydropower is
being increasingly used to provide power, hence increasing construction of
large dams, hydropower turbines, and projects. For instance, according to
National Dam Rehabilitation Program of the U.S. Government, such programs have
received a funding of nearly USD 60 million for FY 21-26. Moreover, newer
hydropower projects are being developed in India such as Athirapilly project of
Kerala State and Bodhghat Project in Chattisgarh. Hence, constant interaction
with water makes these structures prone to cracking and weakening, thus
increasing use of the product. As a result, growing focus on hydropower is a
great opportunity for market players to increase revenue, since these projects
would be requiring repair and rehabilitation regularly.
Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea,
Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of
Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South
Africa, Rest of Middle East & Africa)
Key questions covered in the global Concrete Filler
Market report:
·
What is the expected
market size of the global Concrete Filler Market during the forecast period?
·
What factors are expected
to hamper global Concrete Filler Market growth over the forecast period?
·
What key factors are
expected to drive global revenue growth between 2021 and 2028?
·
Which application segment
is expected to dominate other application segments over the forecast period?
·
Which region is expected
to dominate in terms of revenue during the forecast period?
·
What are the key outcomes
of Porter’s Five Forces analysis and SWOT analysis?
·
Which leading players are
operating in the global Polyvinyl Alcohol market?
Segments covered
in the report:
Type (Revenue, USD
Million; 2019-2030)
- 1 (g/cm3)
- 99 (g/cm3)
Application/ End
Use Outlook (Revenue, USD Million; 2019-2030)
- Architecture
- Bridge
- Others
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