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Ultra-lightweight Cement Composites Market is Expected to Expand at an Impressive Rate by 2027

Feb 28th 2020 at 12:12 AM

Ultra-lightweight Cement Composites Market: Introduction

  • Ultra-lightweight cement composite is a type of composite cement that is used for developing onshore and offshore infrastructure. Different types of fibers such as smooth steel fiber (SF), polyvinyl alcohol (PVA) fiber, polyethylene (PE) fiber, and their combinations are employed in the development of ultra-lightweight cement composites to increase their flexural tensile strength.
  • Ultra-lightweight cement composites offer high compressive strength due to creation of strong cement paste matrices that provide ‘three dimensional’ confinement to cenospheres
  • Ultra-lightweight cement composites also possess low thermal conductivity due to the incorporation of hollow cenospheres as micro-aggregates. This effectively decreases the density of ultra-lightweight cement composites and introduces voids. Ultra-lightweight cement composite’s thermal conductivity is 80% and 54% lower than that of concrete and cement paste, respectively.

Key Drivers & Restrains of Global Ultra-lightweight Cement Composites Market

  • Increase in demand for lightweight cement composites in energy efficient building & offshore construction is expected to drive the ultra-lightweight cement composites market during the forecast period. Ultra-lightweight cement composites offer rapid and easy installation at construction sites owing to their lower self-weight, thereby improving productivity and saving time in construction activities. This makes them ideal for usage in offshore construction applications.
  • Rise in capital expenditure on infrastructure development due to increase in population and strong economic growth in developing and developed countries is anticipated to propel the global ultra-lightweight cement composites market. Ultra-lightweight cement composites exhibit low thermal conductivity and high compressive strength. However, availability of alternate substitutes is projected to restrain the global ultra-lightweight cement composites market during the forecast period.

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Offshore Application Segment to Hold Major Share of Global Market

  • The global ultra-lightweight cement composites market can be segmented based on fiber, application, and region
  • In terms of fiber, the global ultra-lightweight cement composites market can be divided into steel, polymer, glass, and others. The polymer segment is anticipated to expand, as polymer offers high durability and improves service life & performance of structures compared to its alternates.
  • Based on application, the global ultra-lightweight cement composites market can be classified into buildings, bridge, offshore, and others. The offshore segment is likely to expand significantly during the forecast period due to the rise in demand for floating production vessels for exploration and production of unconventional & conventional resources in ultra-deep water location. Ultra-lightweight cement composites help in manufacture of lightweight structures in comparison to conventional concrete structures. Therefore, it is an ideal option over other alternates.

North America Anticipated to Dominate Global Ultra-lightweight Cement Composites Market

  • In terms of region, the global ultra-lightweight cement composites market can be divided into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
  • The ultra-lightweight cement composites market in North America is projected to witness significant growth during the forecast period. This can be ascribed to the rise in demand for manufacture of thin concrete products such as panels with mechanical durability and high esthetic appearance.
  • The ultra-lightweight cement composites market in Asia Pacific is expected to expand at a rapid pace during the forecast period owing to the increase in spending on infrastructure development such as rail & road networks, bridges, housing, and commercial & industrial construction, primarily in developing and developed nation, such as Japan, South Korea, India, and China. For instance, in 2018, infrastructure sector in India has witnessed venture capital and private equity investment worth US$ 1.97 billion.
  • The ultra-lightweight cement composites market in Europe is predicted to witness growth during the forecast period due to the rise in construction activities, which has resulted in high demand for lightweight cement composites. For instance, in September 2019, The European Investment Bank (EIB) announced to finance worth US$ 7.84 Bn for projects in the fields of education, health, telecoms, sustainable transport, clean energy, and social housing.
  • The ultra-lightweight cement composites market in Middle East & Africa and Latin America is likely to expand at a moderate pace during the forecast period owing to the increase in demand for production of oil and gas resources in subsea locations.

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Key Players Operating in Global Market

Leading companies operating in the global ultra-lightweight cement composites market include:

  • Ability Building Chemicals
  • Lehigh White Cement
  • Birla White
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