Concrete Cooling Market Share, Growth, Analysis, Statistics, Trends, Forecast Report, 2024

Concrete Cooling Market Share, Growth, Analysis,
Statistics, Trends, Forecast Report, 2024
Concrete Cooling Market size in highway construction application occupies a larger
chunk of the demand. They are used to cure the building material, which helps to
improve its strength in long-term. This leads to increased use of the concrete cooling
system in highway construction raising its demand. Concrete cooling market size will
grow significantly owing to expansion to infrastructure development in BRICS nations.
Since construction industry is humongous in these countries, the concrete cooling
systems demand can remain high in these nations.
Concrete water cooling system is fastest growing segment in the market, by type due
to its attributes like simple functionality, availability and cost effectiveness. In Middle-
East, demand for water cooling systems has grown across diverse segments, hence
creating opportunity for industry growth. Technological innovations in the product
portfolio is another driver for industry growth, KTI, a Germany based company, uses
film evaporators instead of using shell and tube heat exchangers to increase product
efficiency.
Other types of concrete cooling systems are ice cooling where flaked ice is used to
hydrate and lower temperature of concrete, air cooling system which blows cold air in
vapor form over the concrete surface and nitrogen cooling where liquid nitrogen is
applied on freshly prepared concrete. All these types of concrete cooling systems are
invariably used per its need and utility in concrete setting process.
Global construction market was valued over USD 8 trillion in 2015 and is projected to
surpass USD 15 trillion by 2024. Economic growth in countries like China, India,
Thailand, Malaysia, Indonesia and South Korea has raised the demand of these
products owing to infrastructure development.
It is a technique used to reduce temperature of poured concrete to maintain its
characteristic temperature for enhanced results and is mostly used in projects
involving large amounts of concrete and regions having warm climate.
Planning and construction of over 3500 new dams in growing economies to meet rising
renewable energy demand and government regulations for cleaner, cheaper and
greener fuel will play a major driver for the concrete cooling market size. Dams are
required to hold and store huge amounts of water and generate electricity exerting
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huge force on concrete walls of the dam. These walls need to be treated and tested
to bear such pressure and force, concrete cooling systems helps to cure the concrete
and increase its strength.
Middle East, led by Qatar, UAE and Saudi Arabia concrete cooling market size, is one
of the major regional industries owing to extremely hot climatic conditions and
infrastructure growth opportunities. Infrastructure development is a major form of
business in middle east, from highways &road, huge commercial projects to ports &
plants every structure requires to meet the strength and specification to serve its
purpose and driving the market share.
North America, led by U.S. concrete cooling market size, expects moderate gains
throughout the forecast period owing to low temperature conditions in the region. The
residential and commercial buildings don’t require much of the products to be installed
to keep the temperature of the structure at a lower range. Europe concrete cooling
market size, led by France, Germany, UK and Italy infrastructure development, must
witness moderate gains over the forecast period.
Construction industry in APAC was valued at over USD 1.5 billion in 2015 and is
forecast to grow at a rate of 5% CAGR by 2024. APAC, led by India, Japan and China
concrete cooling market size is likely to witness steady gains over the forecast
timeframe.
Global concrete cooling market share is diverse in nature including upstream players,
raw material suppliers, downstream stakeholders, end-users, vendors and
government organization. Some key players are KTI-Plersch Kältetechnik GmbH,
Coldcrete., Fujian Snowma., Kirloskar Pneumatic, Icelings, North Star Ice Equipment
Corp and Focusun Refrigeration Corp.
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