Page 68 - DIGITAL ISSUE MAY 2018

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CONCRETE TIMES

Concrete has been an integral part of the construction industry for decades. With players and equipment
manufacturers coming up with newer variants and hi-tech machines, the landscape is transforming in the
country. With fast paced changes shaping up in the infrastructure space, this is the most opportune time for
companies to broader their horizons and strengthen their presence in this burgeoning space before anyone takes
up the share reports Prerna Sharma.

FAST FACTS
Concrete is the most vital material
in modern construction. The latest  The global market for concrete and cement is anticipated to grow steadily at a
developments in concrete technology CAGR of nearly 8% by 2020.
have made it possible to use it in intricate  Global Concrete Admixtures Construction Chemicals Market revenue is expected
and architecturally complex structures, to reach $16,324 million by 2023, from $11,027 million in 2016, with a CAGR of
requiring high degree of performance 5.7% from 2017 to 2023.
and aesthetic appearance. e advent of  The global polymer concrete market is expected to witness an incremental dollar
commercial RMC in India is about a decade opportunity of nearly US$ 370 Mn between 2017 and 2027.
old, but in recent years it has become the  The decorative concrete market size is projected to grow from $9.26 Billion in
preferred choice of architects, engineers, 2017 to reach $12.78 Billion by 2022, at a CAGR of 6.66%.
and consumers.Increase in number of smart  The self-leveling concrete market is estimated to be $4.93 Billion in 2017 and is
cities has been one of the major factors to projected to reach $6.22 billion by 2022, at a CAGR of 4.7% from 2017 to 2022.
positively impact the fortunes of concrete public transport and road networks. is in the coming years. Technavio’s market
& allied segments, highlights Technavio’s has led to the increase in number of smart research analysts predict that this market
market research and analysis. is will be cities to accommodate the increasing urban will generate a revenue of more than US$4
draw a large population to the urban areas population. e majority of road networks billion by 2021.
and major metropolitan cities, which will in these smart cities are expected to have Owing to the presence of large and small-
increase the congestion in the cities. e concrete paved roads since they can reduce scale vendors, the concrete and road
increasing urban population has put a the fuel consumption of vehicles. is will construction machinery market appears
strain on existing urban services, such as in turn, fuel the market’s growth prospects to be fragmented and is competitive.

74 CONSTRUCTION OPPORTUNITIES|MAY 2018