Market Trends of Ultra High Performance Concrete (UHPC) Industry
This section covers the major market trends shaping the Ultra High Performance Concrete Market according to our research experts:
Reactive Powder Concrete (RPC) to Dominate the Market
- RPC is made up of very fine powders (cement, sand, quartz powder, and silica fume), steel fibers, and superplasticizer. By optimizing the granular packing of the dry fine powders, the compact density of this concrete is improved, which gives RPC ultra-high strength and durability.
- The compressive strength of this material ranges from 200 MPa to 800 MPa. Moreover, due to superplasticizers, it shows excellent workability, which is an essential requirement for the large-scale applications of cement-based materials, which is one of the most important advantage compared with other UHPCs.
- As a construction material, RPC offers for the improvement of concrete structures. Thus, reducing inertial loads and permitting larger deflections of building or bridge frames within the elastic range. The high energy absorption characteristics of the RPC also allow the improved post-elastic response of the beam column joints and sheer walls.
- The increase in the construction activity in Asia-Pacific, in turn, is expected to increase the demand for RPC.
- Under the 13th five-year plan (2016-2020), the Chinese government is planning for infrastructure development of 30,000 km of railway lines and 30,000 km of expressways.
- Australia, Forrest field Airport Link is expected to get USD 490 million worth investment, USD 261 million for Perth Freight Link, and USD 115 million for continuing work at the Western Sydney Airport
- All these factors are expected to rapidly drive the market studied during the forecast period.
Understand The Key Trends Shaping This Market
Download Sample
Asia-Pacific to Dominate the Market
- The Asia-Pacific region dominated the global market share. In Asia-Pacific, China is the largest economy in terms of GDP. China’s 13th Five Year Plan started in 2016, as it was an important year for the country’s engineering, procurement, and construction (EPC) industry. In addition, the country ventured into new business models, domestically and internationally, during the year.
- China initiated the Belt and Road Initiative, joining other countries in Europe, Asia, the Middle East, Latin America, and Africa, to enhance the regional connectivity with road and rail constructions.
- Moreover, restrictions on foreign investment on land development, high-end hotels, office buildings, international exhibition centers, and construction and operation of large theme parks have also been lifted. The growth in infrastructure and transportation sectors is expected to boost the UHPC market in the country, over the forecast period.
- Furthermore, in India investments through private sector are expected to show moderate-to-high growth, owing to factors, such as diminishing overcapacity in some sectors, increasing stability in infrastructure projects, corporate deleveraging, cleaning of loan portfolios by banks, and implementation of the Goods & Services Tax (GST).
- The government is taking various steps to restructure corporate taxes and make it more appealing to foreign investors. The move is anticipated to boost investments in health, education, housing, transport, and water infrastructure sectors.
- Investments of USD 31,650 billion has been proposed by 99 cities under their smart cities plan. 100 smart cities and 500 cities are likely to invite investments worth INR 2 trillion in the next 5 years.
- On the whole, the aforementioned factors are expected to increase the demand for ultra-high performance concrete at a moderate rate during the forecast period.
Get Analysis on Important Geographic Markets
Download Sample
