Bendable Concrete Market Size (2024 –2030)

The Global Bendable Concrete Market was estimated to be worth USD 8.09 billion in 2023 and is projected to reach a value of USD 99.41 billion by 2030, growing at a CAGR of 43.1% during the forecast period 2024-2030.

Engineered Cementitious Composite (ECC), sometimes referred to as flexible or bendable concrete, is a unique kind of concrete that can flex and bend without breaking. It is not made of coarse materials and has more fibers than ordinary concrete. These fibers are coated to lower friction and increase the strength of the concrete. They can be made of steel, glass, or silica. Cement, sand, water, and superplasticizers are additional ingredients in flexible concrete. Compared to conventional concrete, it is more reinforced and flexible because of the fibers. Although fly ash or silica fume can also be used, standard Portland cement and fine aggregate from water treatment can be used to make it. To make working with the concrete easier, superplasticizers are added. Because the fibers provide reinforcement, flexible concrete strengthens and hardens after cracking, unlike regular concrete, which tends to weaken and crack. Its resilience to damage and durability make it appropriate for a wide range of applications. Flexible concrete is ductile and flexible, capable of self-repairing by filling microcracks with a cement-water mixture and stretching up to 3–5%. In addition to being extremely resilient and eco-friendly, it lowers emissions, the amount of cement used, and maintenance expenses.

Key Market Insights:

The demand for long-lasting, flexible materials that can bend without breaking is rising in the construction industry. Because it can be used for a wide range of projects, including buildings, bridges, and roads that require strength and flexibility, bendable concrete is growing in popularity. Growing cities and a growing population are driving global construction projects, which in turn are driving demand for more buildings. Businesses are putting a lot of effort into improving bendable concrete and collaborating to take advantage of these emerging opportunities in the construction industry.

Researchers used top-down and bottom-up approaches to estimate the size of the global market for bendable/flexible concrete as well as the sizes of related submarkets. Following background research to identify the major players in the market, they looked at reports and industry experts to determine each player's share of the market. This required looking over the annual reports and financial statements of these leading businesses and speaking with directors and CEOs to gain insight into their perspectives. They also examined several other market-influencing variables, such as consumer preferences and the state of the economy. To arrive at the final figures and insights, all of this data underwent a thorough analysis.

Global Bendable Concrete Market Drivers:

The growing need for eco-friendly and energy-efficient buildings is driving up demand for bendable concrete.

Because it uses less energy and is better for the environment, bendable or flexible concrete is becoming more and more popular. Bendable concrete, as opposed to regular concrete, allows for more imaginative designs and requires less steel reinforcement. This helps buildings resist damage and makes them safer in seismically active areas. Bendable concrete is predicted to be used in more construction projects as people become more aware of the advantages of environmentally friendly building practices.

The rising demand for acceptable building materials has led to a growing demand for bendable concrete.

The growing demand for sustainable and environmentally friendly building materials is a major trend in the market for bendable or flexible concrete. Consumers prefer materials that are energy-efficient, recyclable, and low in pollutants. This has led to a push for the development of new, longer-lasting, and environmentally friendly varieties of bendable concrete. Additionally, bendable concrete projects are becoming even more sustainable and efficient thanks to the application of technologies like 3D printing and IoT.

Bendable Concrete Market Challenges and Restraints:

The market for bendable or flexible concrete is confronted with difficulties because of increased production costs and scarce raw materials. Bendable concrete can be more expensive to make because it requires specialized tools and trained labor. Moreover, some regions lack sufficient supplies of necessary materials, such as fibers and polymers, which raises the cost of obtaining them. These problems may hinder the widespread application of bendable concrete, particularly in developing nations with inadequate infrastructure and resource availability.

Bendable Concrete Market Opportunities:

All over the world, funds are being used to build massive infrastructure projects like roads, bridges, and tunnels. To construct them, they require durable materials like flexible concrete. Bendable concrete manufacturers now have an opportunity to sell more of their products for these large-scale projects. Many areas are rapidly turning into cities. This implies that a large number of new structures, including roads, must be constructed. Bendable concrete is a great material for urban construction because it is inexpensive, strong, and customizable. It is the goal of human construction to minimize environmental damage. For the environment, pliable concrete is beneficial as it can reduce harmful elements like waste and pollution. Therefore, because flexible concrete is better for the environment, companies that produce it can sell more of it.

BENDABLE CONCRETE MARKET REPORT COVERAGE:

Global Bendable Concrete Market Segmentation: By Application

• Infrastructure

• Building & Construction

There are two primary segments in the market for bendable/flexible concrete: building and construction and infrastructure. Because strong and long-lasting materials are required for infrastructure projects like bridges and highways, bendable/flexible concrete is a common option. This kind of concrete is perfect for these kinds of projects because it can tolerate large loads and seismic activity. However, there is a growing need for sustainable and energy-efficient buildings in the building and construction industry. Here too, pliable and bendable concrete is becoming more and more popular as it offers more design options and can take the place of steel reinforcement. It is also helpful to strengthen and stabilize buildings in seismically active areas.

Global Bendable Concrete Market Segmentation: By Type

• Fiber-Based Bendable Concrete

• Polymer-Based Bendable Concrete

There are two categories in the bendable concrete market: fiber-based and polymer-based. Bendable concrete made of fiber is the preferred option because it is more robust and long-lasting. Because of its ability to withstand large loads and seismic activity, it is frequently used in infrastructure projects like roads and bridges. It's also gaining traction in the building industry for environmentally and energy-conscious structures. Conversely, bendable concrete made of polymers is anticipated to expand more quickly due to its excellent suitability for industrial flooring. Because of its resistance to chemicals, abrasion, and impact, it is perfect for environments like warehouses and factories.

Global Bendable Concrete Market Segmentation: By Region

• North America

• Europe

• Asia-Pacific

• South America

• Middle East and Africa

Due to the rising demand for environmentally friendly structures and their application in earthquake-resistant buildings, North America is anticipated to dominate the market for bendable concrete. There are already a lot of significant market players in the area. The Asia-Pacific (APAC) area, however, is anticipated to grow at the fastest rate. Spending on construction and infrastructure projects is increasing in nations like China, India, and Japan. Bendable concrete is becoming more and more popular in these areas due to urbanization, population growth, and the need for affordable housing.

COVID-19 Impact on the Global Bendable Concrete Market:

The market for flexible concrete has suffered as a result of the COVID-19 pandemic due to supply chain disruptions and a decline in demand for building supplies. However, things could get better in the future. The market may expand as more people become aware of the advantages of flexible concrete, such as its increased strength, durability, and environmental friendliness. Compared to ordinary concrete, flexible concrete is more resilient to strain and stretching, and it can even mend minor cracks on its own. Therefore, the market for flexible concrete may do well once construction activity resumes following the pandemic.

Latest Trend/Development:

The growing demand for eco-friendly building materials is one major trend in the market for bendable/flexible concrete. Contemporary society is increasingly environmentally conscious, favoring recyclable, energy-efficient, and emission-free building materials. As a result, flexible and bendable concrete that is stronger and longer-lasting while also being more environmentally friendly has been developed. Also, these eco-friendly concrete projects are becoming even more successful thanks to new technologies like 3D printing and IoT.

Key Players:

1. BASF SE

2. Sika AG

3. LafargeHolcim Ltd

4. Fosroc International Ltd

5. GCP Applied Technologies Inc.

6. The Euclid Chemical Company

7. ACC Limited

8. Flexcrete Technologies Ltd

9. RUREDIL s.p.A.

10. Ductal (Lafarge Group)

Market News:

• A UK-based startup and the large construction materials company CEMEX UK announced their partnership in April 2023. This startup makes concrete in novel ways, such as flexible or bendable concrete, which sets it apart from conventional concrete.

• A new project was initiated by the construction company ACCIONA Construcciön S.A. in January 2023. The goal of this project is to investigate and create flexible or bendable concrete as well as other environmentally friendly building materials.

• 1. Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced in March 2023 that they would expand their production capacity to produce more bendable/flexible concrete in China. For use in various construction projects, they wish to produce more of these unique concrete products.

• In August 2022, U.S. Concrete, Inc. acquired a Texas-based company that produces advanced concrete, which includes flexible and bendable concrete. This indicates that they now own a business that specializes in producing unique varieties of concrete that are pliable without cracking.

• LafargeHolcim Ltd. unveiled a new line of concrete products in May 2022. One of them aims to increase the strength and flexibility of concrete. They aim to provide environmentally friendly options for building projects, such as concrete that is flexible and bendable.