Latest News - Concrete Cooling Market: Ice cooling is expected to lead the Type segment during 2024-2028

The Concrete Cooling Market is being driven by Cities evolving into megacities

The Concrete Cooling Market is expected to grow at a CAGR of 26.35% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 879.2 million. The concrete and masonry industry encompasses residential, commercial, and infrastructure sectors, necessitating continuous innovation to meet contemporary demands. Vendors in this industry showcase their technologically advanced concrete construction products at the annual World of Concrete award program. Notable product categories include materials for concrete construction, which encompass reinforcement solutions (rebar accessories, joints, and load transfer systems), cementitious offerings (cement, admixtures, and prepacked mixes), and water-resistant materials (vapor barriers, waterproofing agents, and curing/form release agents). 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Ice cooling
  • Water cooling
  • Air cooling
  • Liquid nitrogen
• Application
  • Highway construction
  • Power plant construction
  • Port construction
  • Dams and locks
• Geography
  • Middle East and Africa
  • APAC
    • India
    • Indonesia
  • South America
    • Brazil
  • North America
  • Europe

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Cities evolving into megacities
• Rising infrastructural investment
• Growing demand from MEA

However, the market also witnesses some limitations, which are as follows:

• Fewer opportunities for concrete cooling market in North America and Europe
• Stringent regulations and depleting fossil fuel reserves
• Hazardous impact of cement and carbon dioxide emissions

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Market Scope in Concrete Cooling Market Research Report

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Research Analysis Overview

Modern concrete construction in hot climatic regions requires effective cooling techniques to ensure the overall quality of the structure. One such technique is concrete cooling, which involves reducing the temperature of freshly poured concrete before it sets. This process enhances the durability and strength of concrete, particularly in high temperature environments. Two common concrete cooling methods are air cooling and water cooling. Air cooling uses natural or mechanical means to circulate air over the concrete surface. Water cooling, on the other hand, involves circulating water through pipes embedded in the concrete. In some cases, advanced techniques such as ice cooling using liquid nitrogen are used to rapidly cool concrete. Concrete cooling is essential for various infrastructure projects, including nuclear power plants, ports, locks, dams, highways, and residential and commercial buildings. The water cooling segment dominates the concrete cooling market due to its efficiency and ability to cool large volumes of concrete quickly. Effective concrete cooling also ensures better indoor air quality by reducing the amount of heat released during the curing process. Infrastructure projects in hot climates, such as highway construction, particularly benefit from concrete cooling techniques to ensure well-cooled down concrete with optimal tensile strength and overall quality.

Market Research Overview

The industrial machinery and supplies and components market encompasses businesses involved in the production of industrial machinery and components, including presses, machine tools, compressors, pollution control equipment, elevators, escalators, insulators, pumps, roller bearings, and other metal fabrications. According to Technavio, the market size is determined by the consolidated revenue generated by manufacturers supplying equipment for industrial applications. Key growth drivers for this market include expanding industrial production in process and discrete industries, particularly in developing countries, fueling demand for energy, chemicals and petrochemicals, pulp and paper products, and processed food and beverages. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/