In a recent published report, Kenneth Research has updated the market report for Concrete Cooling Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Concrete Cooling Market products.
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Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Concrete Cooling Market was valued at USD 1.05 Billion in the year 2017. Global Concrete Cooling Market is further predicted to grow at a CAGR of 7.17% from 2017 to reach USD 1.82 Billion by the year 2025. Middle East region holds the highest Market share in 2017 and is considered as the fastest growing Market in the forecasted period. The major driving factors are rapidly growing infrastructure Market.
The major players in global Concrete Cooling Market are Coldcrete Inc., Kirloskar Pneumatic Company Limited, Recom Ice Systems, LINTEC Germany GmbH, ConCool LLC, Focusun Refrigeration Corporation, Fujian Snowman Co. Ltd., Kti-Plersch Kältetechnik GmbH, North Star Ice Equipment Corporation, Icelings and more 12 companies detailed information is provided in research report. Growing R&D investments to provide changing demand of end users, similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of the top companies in recent years.
SWOT Analysis of Global Concrete Cooling Market
Strength
Investments in Infrastructure in Middle East Region
Favorable climatic condition
Weakness
Low chances of growth in developed countries.
Opportunities
Increasing demand for increasing infrastructure industry
Threats
Durability and quality issues
Market Segmentation
The Global Concrete Market is segmented by substance type, by application, and by region in the projected years. Amongst numerous substance Type, Water Cooling segment is expected to hold the highest Market share because of the growing popularity, usage, and availability during the forecast period. On the other hand by application type, Highway Construction segment for this Market is expected to grow at the highest CAGR during the year 2018-2025.
Concrete Cooling Market Overview By Application
Highway Construction
Dams & Locks
Nuclear Plant Construction
Port Construction
Concrete Cooling Market Overview By Substance Type
Water Cooling
Ice Cooling
Air Cooling
Liquid Nitrogen Cooling
Concrete Cooling Market Overview By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
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