Self-Compacting Concrete Market – Overview
Self-compacting concrete is a unique type of concrete that has high flowing capacities. The concrete can move by its own weight and does not require any kind of mechanical vibration for spreading distribution or tapping. This technology has several unique properties such as moderate and vibration-free viscosity and lower yield stress. The self-compacting concrete is heavily used across in the construction sector for building commercial as well as residential buildings.
Self-Compacting Concrete Market – Notable Developments
Some of the notable developments in the global self-compacting concrete market are given below:
- In February 2015, Sika Group announced that the company has successfully taken over BMI Products, North Carolina (US). BMI Products is a prominent name that is engaged in the sales and production of a wide range of mortar systems and products for the construction sector. The takeover helped Sika Group to expand its portfolio in the mortar sector and as well as develop new supply chains in the western US.
- In October 2015, CEMEX Latam Holdings SA, a fully own subsidiary of CEMEX, announced the company has finished constructing the first phase of a new cement grinding facility in Ciudad Sandino, Managua. This new facility has helped the company to enhance its overall production capacity by nearly 104%.
- In February 2016, Sika Group finished installing two new manufacturing facilities in Southeast Asia. One was in Myanmar, a manufacturing plant for the development and production of concrete admixtures. The second was in Cambodia.
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Self-Compacting Concrete Market – Drivers and Restraints
There are multiple factors that are imperative in the growth of the global self-compacting concrete market. One of the key driving factors for the increasing popularity of the market is that such type of concrete does not need a vibration process for laying. There are several significant advantages of using self-compacting concrete such as cut down on the maintenance cost, reduction in the repairing expenses, and a complete overhaul of overall expense of the self-compacting concrete. Such benefits are making the product increasingly popular among its end users and are pushing its uptake. Naturally, it has helped in driving the overall growth of the global market. Furthermore, self-compacting concrete generates very low noise as compared to its traditional counterpart. It is also a key reason behind its growing uptake across the globe.
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Self-Compacting Concrete Market – Geographical Outlook
The global self-compacting concrete market has five major geographical segments viz. Asia Pacific, North America, Europe, Latin America, and the Middle East and Africa. Of these regional segments, the global market is primarily dominated by the Asia Pacific. This dominance of the Asia Pacific self-compacting concrete market is due to presence of emerging economies such as India and China that are heavily investing for their respective domestic infrastructural development. In addition to this, rapid urbanization and industrialization have also given a solid push to the construction sector in this region. This has also played a pivotal role in pushing the growth of the self-compacting concrete market in Asia Pacific. As per the report by Organization for Economic Co-operation and Development (OECD), the nation in South East Asia is projected to show an impressive growth of 5.2% in the coming five years due to heavy investments from private sector and strict implementation of carefully planned infrastructural development activities. Naturally, such environment is favorable for the overall growth of the self-compacting concrete market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.