GITNUX MARKETDATA REPORT 2024

Concrete Cooling Industry Statistics

The concrete cooling industry is expected to experience steady growth in the coming years due to increasing demand for temperature-controlled concrete in construction projects.

Highlights: Concrete Cooling Industry Statistics

  • The global concrete cooling market is estimated to reach $1.7 billion by 2026.
  • The infrastructure sector accounts for almost 25% of the demand for concrete cooling in 2018.
  • The water cooling segment accounted for a share of 26% in the global concrete cooling market.
  • Non-residential construction applications are forecasted to hold a significant market share of 65% by 2027.
  • The North American market is expected to grow to $580 million by 2027.
  • The average selling price for concrete cooling is estimated to stand around USD 40 per ton in 2020.
  • The market share for liquid nitrogen cooling concrete is projected to grow at a steady rate of 7.7% annually until 2027.
  • The Middle East and Africa accounted for nearly 25% of the global concrete cooling market in 2020.

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The Latest Concrete Cooling Industry Statistics Explained

The global concrete cooling market is estimated to reach $1.7 billion by 2026.

The statistic that the global concrete cooling market is estimated to reach $1.7 billion by 2026 indicates the projected value of the market size for technologies and solutions specifically designed to cool concrete during the construction process. This estimation suggests a significant growth in the demand for concrete cooling systems worldwide, likely driven by the increasing construction activities in various sectors such as infrastructure, residential, and commercial projects. The market value of $1.7 billion reflects the anticipated investments and expenditures on concrete cooling technologies by construction companies and project developers to enhance the quality, durability, and performance of concrete structures in a variety of climates and environmental conditions. Such a statistic is important for industry stakeholders, investors, and policymakers to understand the trends and opportunities in the global construction market and plan future strategies accordingly.

The infrastructure sector accounts for almost 25% of the demand for concrete cooling in 2018.

The statistic that the infrastructure sector accounts for almost 25% of the demand for concrete cooling in 2018 indicates that a significant portion of the need for cooling concrete, typically done to control its temperature during curing for optimal strength and durability, is driven by infrastructure projects such as bridges, roads, and buildings. This highlights the essential role that infrastructure development plays in driving the demand for concrete cooling solutions, showcasing the importance of efficient construction techniques and materials in ensuring the quality and longevity of infrastructure projects.

The water cooling segment accounted for a share of 26% in the global concrete cooling market.

The statistic indicating that the water cooling segment accounted for a share of 26% in the global concrete cooling market means that out of the total market for concrete cooling solutions, 26% of the demand is specifically for water cooling systems. Water cooling systems are commonly used in construction projects to regulate the temperature of concrete during the curing process, helping to prevent cracking and ensuring optimal strength and durability of the final structure. This statistic suggests that water cooling technology is a significant player in the concrete cooling market, showcasing its importance and popularity among construction companies and contractors worldwide.

Non-residential construction applications are forecasted to hold a significant market share of 65% by 2027.

The statistic suggests that non-residential construction applications are expected to dominate the market significantly, comprising 65% of the total market share by the year 2027. This forecast indicates a strong preference and demand for non-residential construction activities over residential construction projects in the coming years. The projected market share may imply potential growth opportunities and increased investments in non-residential construction sectors such as commercial buildings, industrial facilities, and infrastructure projects. This statistic highlights a key trend in the construction industry, signaling a shift or emphasis towards non-residential projects and potential economic implications for related industries.

The North American market is expected to grow to $580 million by 2027.

The statistic that the North American market is expected to grow to $580 million by 2027 indicates a projected increase in the market size of North America over the next few years. This growth forecast suggests a positive trend in consumer demand, economic activity, and market opportunities within the region. It implies that businesses operating in North America may have the potential to capitalize on this growth by expanding their market presence, launching new products or services, or exploring new business opportunities. Overall, this statistic highlights the expected economic growth and business prospects in the North American market up to the year 2027.

The average selling price for concrete cooling is estimated to stand around USD 40 per ton in 2020.

This statistic indicates that in 2020, the average price for concrete cooling services is approximately USD 40 per ton. This metric serves as a valuable insight for stakeholders in the construction industry, providing a snapshot of the prevailing market rates for the cooling of concrete, which is crucial in applications such as large construction projects or infrastructure development. The average selling price can be influenced by various factors including demand, supply chain dynamics, technology advancements, and the overall economic environment. Monitoring this statistic can help businesses make informed decisions regarding pricing strategies, cost management, and budgeting for concrete cooling projects.

The market share for liquid nitrogen cooling concrete is projected to grow at a steady rate of 7.7% annually until 2027.

The statistic indicates that the market share for liquid nitrogen cooling concrete is anticipated to rise consistently by 7.7% each year until the year 2027. This projection suggests a sustained growth trend in the adoption and utilization of liquid nitrogen as a cooling agent in concrete applications. The steady annual increase implies a growing preference for this technology among stakeholders in the construction industry, potentially driven by factors such as increased awareness of the benefits of using liquid nitrogen for concrete cooling, technological advancements, and a shift towards more sustainable and efficient construction practices. The forecasted growth rate signals a positive outlook for the market share of liquid nitrogen cooling concrete in the coming years, highlighting its potential to become an increasingly prominent solution in the construction sector.

The Middle East and Africa accounted for nearly 25% of the global concrete cooling market in 2020.

The statistic indicates that the Middle East and Africa region held a significant share of approximately 25% in the global concrete cooling market in the year 2020. This suggests that the demand for concrete cooling solutions in construction projects within the Middle East and Africa was substantial compared to other regions worldwide. Factors such as high temperatures prevalent in these regions and the booming construction industry likely contributed to this market share. Concrete cooling plays a crucial role in ensuring the quality and integrity of concrete structures, particularly in hot climates, thus highlighting its importance in the construction sector in the Middle East and Africa during the specified year.

Conclusion

By examining the statistics of the concrete cooling industry, we can see the trends and insights that shape this important sector. Understanding these numbers can help industry professionals make informed decisions and drive innovation in concrete cooling technologies. As the demand for sustainable construction practices continues to grow, staying abreast of the latest statistics will be crucial for the continued success of the concrete cooling industry.

References

0. – https://www.www.databridgemarketresearch.com

1. – https://www.www.verifiedmarketresearch.com

2. – https://www.www.meticulousresearch.com

3. – https://www.www.marketresearchstore.com

4. – https://www.www.prnewswire.com

5. – https://www.www.alliedmarketresearch.com

How we write our statistic reports:

We have not conducted any studies ourselves. Our article provides a summary of all the statistics and studies available at the time of writing. We are solely presenting a summary, not expressing our own opinion. We have collected all statistics within our internal database. In some cases, we use Artificial Intelligence for formulating the statistics. The articles are updated regularly.

See our Editorial Process.

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