Global Self-Consolidating Concrete Market is segmented By Raw Material (Admixtures, Cement, Aggregates, and Others), By Application (Residential Construction, Infrastructure, Architectural, Precast Concrete), By Type (Viscosity Agent Type Self-Compacting Concrete, Combination Type Self-Compacting Concrete, Powder Type Self-Compacting Concrete), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Self-Consolidating Concrete Market Overview
The Global Self Consolidating Concrete Market is predicted to reach a CAGR of 6.35% during the forecast period (2024-2031).
Self-Consolidating Concrete is stable or non-segregating concrete that is used for architectural concrete, floors, and slabs. They are also known as Self-Compacting concrete and improve the strength and performance of concrete using less labor compared to conventional concrete. They are used in the construction industry and also for constructing drilling wells for the oil&gas industry. It involves no vibration process.
Self-Consolidating Concrete Market Summary
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Metrics |
Details |
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Market CAGR |
6.35% |
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Segments Covered |
By Raw Material, By Application, By Type, and By Region |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
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Fastest Growing Region |
Asia Pacific |
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Self-Consolidating Concrete Market Dynamics
The major factors driving the Global Self Consolidating Concrete Market are the increasing demand for self-consolidating concrete from the construction, infrastructure, and oil&gas sectors. Increasing usage of low-fines self-consolidating concrete and low operational costs are also driving the market growth of Self Consolidating Concrete.
The demand from the construction, infrastructure, and oil & gas sectors is driving the market growth of Self-Consolidating Concrete
There is rising demand for Self-consolidating concretes from various sectors like infrastructure and construction in different parts of the world. Many construction projects are going on in different parts of the world.
Smart city's mission in India and many such projects are also driving market growth. In the Smart Cities Mission, 100 cities were selected and the task was allotted INR 6,450 crore in the 2021-2022 budget and INR 3,400 crore in 2020-21. Many government schemes the Indian government are creating opportunities for construction like Housing for All initiative which aims to construct 20 million households for the urban population by 2022.
Recently many state governments of India have approved the Affordable Rental Housing Scheme (ARHC) and many public and private companies will be given construction projects under this scheme. The construction sector is the second largest sector after the agricultural sector in India in terms of employment. Major constructions in this region use Self-Consolidating Concrete(SSC). SCC is used in many big projects in India like the Delhi Metro Project, Kota Atomic Power Project, Tarapore Atomic Power Project, and Purna Dam Project. The use of SCC in construction projects is increasing day by day in the Asia-Pacific region as it was being used in the Signature Bridge project in New Delhi. The construction sector contributes 7.16% to the total GDP of India. The construction industry is also in Europe which is also driving the market growth.
They are also used in the construction of drilled wells. Due to the increasing oil prices, many oil companies are investing in the market of the Middle-east which is driving the market growth.
The rising popularity of low-fines Smart Dynamic Concrete – SDM, less maintenance and repair costs involved with Self-Consolidating Concrete, and new product launches are driving the market growth of Self Consolidating Concrete Market
The increasing use of low-fines self-dynamic concrete (SDM) is driving the market growth of Self Consolidating concrete. The use of SCC has also increased recently due to the less maintenance and repair costs compared to conventional concretes. It also eliminates the use of the vibration process leading to limited requirements of labor. It involves less energy consumption compared to conventional concretes as there is no requirement for the vibration process. The less operational costs like maintenance and repair costs involved with self-consolidating concrete are driving the market growth. Self-Consolidating Concrete involves less noise and limited wear&tear of equipment. Some companies are developing new products like ACC Limited which is a subsidiary of LafargeHolcim launched 4 mixed products in April 2021 which are ECOPact, ACC Thermofillcrete, ACC Suraksha NX Antiwashout Concrete, and ACC ADMIX. BASF launched the Master X Seed-STE admixture in March 2019.
The high cost of raw materials is hampering the market growth of Self Consolidating Concrete Market
COVID-19 Impact on Self-Consolidating Concrete Market
The COVID-19 pandemic has affected many industries due to the disruption in the supply chain, as there were full or partial lockdowns in many countries of the world, and restrictions across borders and closure of airports hampered world trade. The construction sector was also severely affected due to covid-19 as there was disruption of the supply chain and people preferred health over their jobs. Companies couldn’t operate with proper covid norms. It was also difficult for staff and workers to work with social distancing norms. Many construction projects and industrial activities were also delayed due to the lockdown restrictions in different parts of the world. The construction sector is the second largest sector after the agricultural sector in India in terms of employment and it was affected severely as many workers returned to their homes during covid-19 resulting in a massive loss for the industry. The construction and manufacturing sector was the worst hit due to the covid-19 pandemic, especially in the Asia-Pacific region. The demand from the Oil&Gas industry for the construction of drilled wells was also less as oil prices were quite low during 2020 like it was USD 20 per barrel in April 2020 due to less demand and more supply and even there was a labor shortage in this industry as well which hampers the market growth of Self Consolidating Concrete.
Self-Consolidating Concrete Market Segmentation Analysis
The Global Self Consolidating Concrete Market is segmented based on Raw Material, Application, Type, and Region.
Based on the Raw Material, the Global Self Consolidating Concrete Market is segmented into Admixtures, Cement, Aggregates, and Others (Fibres, Additions).
The Admixtures segment within Global Self Consolidating Concrete Market was valued at US$ XX billion in 2020 and a growth in market size is predicted to lead to a market size worth US$ XX billion by 2028, growing at a CAGR of XX% during the forecast period (2021-2028). The admixtures segment has the highest market share as it provides stability and resistance to the segregation of the plastic concrete mixture. Admixtures are used to affect the viscosity of the mixture especially when the grading of available aggregate sources cannot be optimized for cohesive mixtures or with large source variations. A well-distributed aggregate grading help to achieve SCC with less cementitious materials content and low admixture dosage. They are also used for increasing the strength of concretes. Many companies are launching and developing self-consolidating concrete(SSC) products BASF launched Master X-Seed STE admixture in March 2019 which improves the performance and strength of concrete. A company named ACC launched 4 mixed products in April 2021 which are ECOPact, ACC Thermofillcrete, ACC Suraksha NX Antiwashout Concrete, and ACC ADMIX.
Based on the Application, the Global Self Consolidating Concrete Market is segmented into Residential Construction, Infrastructure, Architectural, and Precast Concrete.
Based on the Type, the Global Self Consolidating Concrete Market is segmented into Viscosity Agent Type Self-Compacting Concrete, Combination Type Self-Compacting Concrete and Powder Type Self-Compacting Concrete.
Self-Consolidating Concrete Market Geographical Share
Based on the Region, Global Self Consolidating Concrete Market is segmented as - North America, Europe, Asia-Pacific, The Middle East, Africa, and South America.
The Asia-Pacific region had a market share of XX% in 2020 and is expected to hold XX% by 2028. The Asia-Pacific region has the highest market share among all the regions due to increasing opportunities in the market. There is rising demand for Self-consolidating concretes from various sectors like infrastructure and construction in different parts of the world. Many construction projects are going on in Asia-pacific like many MNCs are establishing in China, India, and other parts of the region.
Smart city's mission in India and many such projects are also driving market growth. In the Smart Cities Mission, 100 cities were selected and the task was allotted INR 6,450 crore in the 2021-2022 budget and INR 3,400 crore in 2020-21. Many government schemes the Indian government are creating opportunities for construction like Housing for All initiative which aims to construct 20 million households for the urban population by 2022.
Recently many state governments of India have approved the Affordable Rental Housing Scheme (ARHC) and many public and private companies will be given construction projects under this scheme. The construction sector is the second largest sector after the agricultural sector in India in terms of employment. Major constructions in this region are using Self-Consolidating Concrete(SSC). SCC is used in many big projects in India like the Delhi Metro Project, Kota Atomic Power Project, Tarapore Atomic Power Project, and Purna Dam Project. The use of SCC in construction projects is increasing day by day in the Asia-Pacific region as it was being used in the Signature Bridge project in New Delhi. The construction sector contributes 7.16% to the total GDP of India.
Some major companies contributing to the market in this region are ACC Limited, Ultratech Cement Limited, etc and these companies are developing new products like ACC Limited which is a subsidiary of LafargeHolcim launched 4 mixed products in April 2021 which are ECOPact, ACC Thermofillcrete, ACC Suraksha NX Antiwashout Concrete and ACC ADMIX.
Self-Consolidating Concrete Companies and Competitive Landscape
The Global Self-Consolidating Concrete Market is fragmented with key global players in the market and there are many large companies in the market. Some major companies contributing to the market's growth are- BASF SE, Sika Group, Breedon Group Plc, UltraTech Cement Limited, HeidelbregCement, LafargeHolcim, CEMEX Group, Unibeton Ready Mix, Tarmac (CRH), and many others.
Mergers and Acquisitions, agreements, expansions, joint ventures, etc increase competition in the market Ultratech Cement Limited merged with the century textiles cement business in July 2019.
New Innovations, New products, and services launched also increase competition between companies. Many companies are developing innovative technologies BASF launched the Master X-Seed STE admixture in March 2019 which improves the performance and strength of concrete. A company named ACC Limited, a subsidiary of LafargeHolcim launched 4 mixed products in April 2021: ECOPact, ACC Thermofillcrete, ACC Suraksha NX Antiwashout Concrete, and ACC ADMIX. Chemical recycling is also promoted by BASF SE and Mitsui Chemicals in Japan.
Partnerships and Collaborations between companies are also making the market more competitive. Divestments and investments by the company and split of companies are also making the market quite competitive.
BASF SE (Badische Anilin-und Sodafabrik)
Overview:
BASF SE is a chemical company which is headquartered in Ludwigshafen, Germany. It is the largest chemical public company in the world. The full form of BASF is Badische Anilin-und SodaFabrik (Baden Aniline and Soda Factory). BASF acquired Cognis and Ciba in December 2010 and April 2009 respectively. The company has joint ventures in over 80 countries. The company is also listed on several stock exchanges like the Zurich stock exchange, frankfurt stock exchange, and London stock exchange. The company deals with many products like resins, amines, plastics, crude oil exploration, industrial starch, etc. It is ranked 143 according to fortune 500. The company has various segments of operations like Chemicals, Plastics, Performance Products, Functional Solutions, Agricultural Solutions, and Oil and Gas. The company introduced the Colors & Effects brand in 2016 the market. The market value of the company as of 20 January 2021 is USD 75 billion. BASF SE launched the Master X-Seed STE admixture in March 2019.
Product Portfolio:
- Master X-Seed STE admixture
- Master X-Seed 55 admixture
- Master X-Seed 130
- Master X-Seed 44
Key Development
- Chemical recycling is promoted by BASF SE and Mitsui Chemicals in Japan.
- BASF SE launched the Master X-Seed STE admixture in March 2019.
- BASF SE launched Master X-Seed 55 admixture in January 2018.
Financial Overview
Blackrock has more than 5% market shares, and Institutional Inventors has around 75% market shares. Germany, the U.K., US have market shares of 36%, 11%, and 17%. The company was ranked 143 rd among fortune 500 companies. The market value of the company as of 20 January 2021 is USD 75 billion. According to CNN business, some of the significant stockholders/owners of the company are Todd Asset Management LLC, Parametric Portfolio Associates, and Silvercrest Asset Management group with market shares of 0.03%, 0.08%, and 0.01% respectively. It is ranked 143 according to fortune 500.
