Global Concrete Cooling Market: Snapshot
Concrete cooling systems are gaining popularity in countries having warm climatic conditions. They are majorly used in projects involving substantial amounts of concrete. They help to cure the concrete and enhance its strength. Improving economic conditions in emerging countries, including China, India, and Indonesia, is fuelling the demand for concrete cooling systems due to rapid infrastructure development. As the construction industry continues to post robust growth in these countries, the demand for these systems is likely to remain strong in the near future as well.
Besides this, the increasing planning and construction of new dams are providing a significant boost to the growth of the global concrete cooling market. The large force exerted by the massive amounts of water stored in the dam compels the need for treatment and testing of walls, which in turn escalates the demand for concrete cooling systems. However, the market is anticipated to witness moderate to low growth in developed countries of North America and Europe, owing to cold climatic conditions. Moreover, the lack of expertise in concrete cooling may result in improper curing, which can potentially lead to cracking. This is also acting as a stumbling block for the global market.
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On the other hand, technological innovations are likely to shape the future of the market. The usage of liquid nitrogen, which is a widely used cooling agent, for cooling fresh concrete is an emerging trend and is poised to stay in the market for the years to come.
Global Concrete Cooling Market: Overview
Spawning over multi-million dollars, the global concrete cooling market is projected to exhibit a robust growth between 2017 and 2025. The market will majorly benefit from the exponentially increasing demand for concrete cooling systems in the Middle East. The technique of concrete cooling is used to reduce the temperature of poured concrete to retain its characteristic temperature and strength. The concrete temperature is usually affected by water used during the hydration process.
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In this report, growth drivers and restraints chalking the trajectory of the global concrete cooling market are studied in detail. Information included in the report also provides an assessment of opportunities that the market players could capitalize on. For readers to get a holistic market overview, the report includes the outcome of Porter’s five forces. This is intended to evaluate the bargaining power of suppliers and retailers, degree of competition prevailing in the global concrete cooling market, and threat of new entrants and substitutes. Information thus included in the report can be a useful guidebook for companies looking establish a stronghold in the market.
Global Concrete Cooling Market: Key Market Segments
By type, the market is currently witnessing high demand for water cooling, air cooling, ice cooling, and liquid nitrogen cooling technologies. Of these, the demand for water cooling is expected rise at a high pace and hold the leading market share. The technology is simple, easily available, and cost-effective. Spurred by these factors, the usage of water cooling systems has surged across several applications.
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Application-wise, the market will witness high demand from highway construction. Concrete cooling is used in the construction of highways to make the structure strong enough to last for many years post construction. Therefore the countries exhibiting high investment in infrastructural development will exhibit high demand for concrete cooling.
Global Concrete Cooling Market: Regional Outlook
Among the leading regional markets, enterprises operating in the concrete market is expected to witness maximum opportunities in the Middle East. The growth witnessed in this region will be especially high during the course of the forecast period. The rapid infrastructural development exhibited by the region and the new ones already undertaken by various countries across the Middle East has boosted the consumption of concrete cooling systems in the region. Concrete cooling systems witness high demand especially in regions with hot climate. Owing to this, the market finds lucrative prospects in the Middle East.
Besides this the market is also expected to gain from the prevalent opportunities in Asia Pacific. With emerging economies like India and China showing increased willingness to spend on the improvement and expansion of their existing infrastructure, companies in the concrete cooling market will witness significant opportunities to capitalize from.
Global Concrete Cooling Market: Vendor Landscape
Fujian Snowman Co., Ltd., TI-Plersch Kältetechnik GmbH, Kirloskar Pneumatic Company Limited, ConCool LLC, Coldcrete Inc., Recom Ice Systems, Icelings, and LINTEC Germany GmbH, are some of the leading players operating in the global concrete cooling market. Studies their profiles and product portfolio can provide a substantial idea about the prominent business strategies. The report therefore profiles some of the leading market players covering their financial records, latest mergers and acquisition, and product portfolio. The analysis also gauges the impact of recent company policies on the overall market operations.
Besides this, the strengths and weaknesses of the companies profiled are analyzed using SWOT analysis. This also helps identifying opportunities and threats that the market opportunities and threats that these companies could face during the forecast period.