Global Expansive Cement was valued at USD 4,649.4 Million in 2019 and is anticipated to reach USD 7,102.1 Million by 2027, expanding at a CAGR of 6.1% during the forecast period. The demand for expansive cement is growing rapidly in accordance with the growth in the construction, demolition and restoration industries around the globe. Rising population and disposable income of people across the globe is driving the need for new construction and restoration of old structures and hence the demand for expansive cement. Additionally, the Expansive Cement market is driven by increasing demand from the hydraulic structure building activities and in mines as rock splitting agent. Almost every industry related to construction and demolition is now focusing toward the expansive cement in the recent days. Less emission, less need for raw material, and easy availability are helping expansive cement to gain popularity.
The growth of hydraulic structures is owing to the growing population globally. Hydraulic structures are structures that are completely or partially submerged in water. Expansive cement can maintain the integrity of the structure under pressure and it is leakage proof. These factors are driving the use of expansive cement for constructing hydraulic structures. Furthermore Rising urbanization entails the construction of roads, sidewalks, and other infrastructure. Expansive cement is used in construction of roads and sidewalks, as can withstand tension, vibrations, drying, and cracking, thus boosting the demand for expansive cement. Aside, many countries have history tourism as central source of economy, as historic infrastructures hold a dominant position in such areas. These old constructions develops cracks, which damage the heritage properties. Cracks make the structure weak and can cause it to collapse. Expansive cement is used to protect these buildings. Moreover, Expansive cements expand after setting; therefore, it is used to demolish structures. Demand for expansive cement from demolition projects is rising, as using expansive cement for demolition costs lesser than convectional blasting method. Although expansive cement has proven to be useful in many cases; however, its curing process is time consuming. The curing process has to be under supervision and special precautions need to be taken. In addition to that Expansive cement requires the addition of different chemicals in Portland cement. The additional of chemicals increases the total cost of construction. The additional cost of these chemicals discouraging the end-users. High cost of chemicals is restraining the market. Given that Miners use expansive cement to split boulders instead of using explosives and drills. Explosives are costlier than expansive cement, and using drills is labor intensive and time consuming. Rising use of expansive cement to split rocks in mines is expected to create opportunities in the expansive cement market in the near future.
By Types Segment
By Applications Segment
Expansive cements are used for bridges. Bridges develop crack in the concrete earlier compared to other structures, as they face varying weather conditions and vibrations due to traffic. Expansive cements are used to fill the cracks and hold the structure of the bridge together. Bridges cannot be constructed multiple times, as it crucial to maintain the existing structure, thus boosting the expansive cements in such applications. Old building, sometimes historic or heritage buildings, develop cracks and split, which cause them to collapse. Expansive cements are used to keep the structural integrity of these buildings. Recently, expansive cements are being used to fill in the cracks in highway pavement, to build sidewalks, produce cement pipes, and in demolition projects.
By Sales Channel Segment
Online and offline channels offer a wide range of expansive cement with different features. In the online channel, consumers can purchase products through the company’s website or e-commerce website. In offline sales channel, customers can purchase expansive cement from retailers, wholesalers, and directly from manufacturers. Expansive cement and can be purchased in bulk quantity from the offline sellers and also can be purchased from e-commerce website. The offline segment is expected to hold a significant share of the global expansive cement market, owing to the increasing number of purchases from offline channels. The online segment is expected to gain traction in the future, due to rising adoption this sales channel.
In terms of regions, the global expansive cement market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to remain an attractive region of the market due to the strong construction industry in the region. The market in the Asia Pacific is projected to grow, as expansive cement is widely used in construction industry which has a strong hold over the region. Moreover, the repair and maintenance of the old construction and restoration historic and heritage structures are rising in the region. The construction of walkways and roads is increasing due to urbanization in the region. Easy availability of products by leading expansive cement producers through online sales platform is fueling the construction and maintenance industry in the Asia Pacific. The market in North America is expected to grow at a substantial pace due to increasing use of expansive cement, as it safe and a non-blasting demolition agent. Furthermore, Europe is expected to hold a major share of the market due to the focus on the maintenance of heritage buildings and growing use of expansive cement for blast free demolitions.
Some frequently asked quetions about this report!
Additional company profiles can be provided on request.
Yes, the report covers types of Expansive Cement such as Type M, Type S, and Type K.
According to this Growth Market Reports report, the market from Expansive Cement is likely to register a CAGR of 6.1% during forecast period 2020-2027, with an anticipated valuation of USD XX million by the end of the 2027.
In addition to market size (in USD Million) and Market Volume (Thousand Tons) Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Expansive Cement Market is available in final report.
The Expansive Cement Market is anticipated to grow substantially during forecast period due to rise in construction and maintenance activities worldwide with growing population. Moreover, the increased demand for blast free demolition to lessen the carbon footprint and to promote safety, use of expansive cement is rising. These factors are expected to drive the expansive cement market during the forecast period.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The market is expected to witness slow growth in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the Expansive Cement.
The base year considered for the global Expansive Cement market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
Bridges, buildings and others are the key applications driving the market growth.
Major Manufactures include CTS Cement Manufacturing Corporation, Denka Company Limited., GCC, Kryton International Inc., KUBATEC BMT AG, The Wagner Companies, Sika AG, XIAMEN BESTLINK FACTORY CO., LTD., Xiamen Good Mining and Drilling Equipment Co. Ltd, Xiamen Samsung Mining Equipment Co., Ltd, Saint, Gobain Weber, Taiheiyo Materials Corporation, and Five Star Products, Inc.
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