The latest analyses published by MarketsAndMarkets anticipate a strong growth in the rapid strength concrete market until 2027, driven by expanding construction activities worldwide.

With the increasing demand for rapid strength concrete across various infrastructure applications, the market is expected to witness substantial growth in the coming years.

Rapid strength concrete is projected to offer significant advantages over its more traditional counterparts. This aspect has prompted several market players to develop new applications for rapid strength concrete, which not only enhances their position in the overall market but also leads to new advancements in the field.

It is estimated that these shifting trends towards advanced, eco-friendly, cost-effective, and high-performance cement have a significant impact on the revenue trend of the industry.

Key players in the industry are intentionally investing in capacity development through mergers and acquisitions to expand their global positions. In December 2020, Sika concluded a growth capital investment agreement with CiDRA Concrete Systems Inc., based in Eden Prairie, Minnesota, to enhance their existing global partnership.

CiDRA excels in Internet of Things (IoT)-based digital systems for monitoring concrete qualities during transport. Sika and CiDRA already serve customers in the United States and Canada, with plans to soon cater to concrete producers in other countries.

The rapid strength concrete market has been segmented based on strength, application, and region.

In terms of strength, the market has been further divided into 0-40 Mpa, 40-80 Mpa, and above Mpa. The 0-40 MPa segment is estimated to grow at a CAGR of over 7.8% in terms of volume, as per the analysis timeline. This is due to the high mechanical strength and chemical resistance of 0-40 MPa concrete.

Regarding application, the market has further bifurcated into buildings, sidewalks, infrastructure, concrete roads, and others. The infrastructure segment accounted for a volume share of around 23.30% in 2020. It is likely to grow at a CAGR of about 8.8% through the forecasted timeline, owing to increasing applications in airports, bridges, tunnels, among others.

Furthermore, the others segment is also slated to record notable revenue gains in the projected timeframe. The segment generated over 8 billion USD in 2020 and is expected to exceed 12 billion USD by 2027, driven by growing demand for high-performance airstrips and industrial flooring, among others.

Regionally, LATAM is projected to grow at a CAGR of approximately 7.5% in terms of volume over the forecasted timeline.

Meanwhile, MEA is expected to grow significantly by the end of the study period. The segment accounted for about 8.22% of the market share in 2020 and is estimated to reach an evaluation of over 8 billion USD by 2027. The substantial growth is attributed to the increasing use of sustainable construction materials for construction operations in the region.