Self-compacting Concrete Market expected to experience a positive growth by 2024: Global Market Insights, Inc. Asia Pacific accounted for over 70% market share of the overall self-compacting concrete market in 2016. It is primarily due to instant industrial development, which is primarily due to growing population, which will propel the construction sector in Asia Pacific. The government is presently making regulations under structural reformation plans for the application of large projects to expand the total construction in the area that would positively affect the self-compacting concrete market during the forecast period.
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Robust demand for self-compacting concrete in the U.S. due to the increased drilling activities, which can be attributed to the fast pace of the petroleum industry will drive selfcompacting concrete market during the forecast period. For example, as per World Oil, there would be an increase of over 27% in exploration & production activities in the U.S. Additionally, there would be a hike in drilling wells, which will reach over 18,500 in 2017. The product is mainly used in the petroleum industry in setting up pipelines, drilling shafts, etc., to acquire mineral deposits below the land or to transport crude oils/gas by setting up pipelines, which will positively influence self-compacting concrete market during the forecast span.
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