Concrete Cooling Market

Concrete Cooling Market Size (2023-2028)

The Concrete Cooling Market is expected to reach USD 4.2 billion by 2028, increasing at a CAGR of 9.21% from USD 2.58 billion in 2022. 

Concrete Cooling is a kind of technique popular in warm climate regions, where it is used to reduce the temperature of poured concrete to improve the overall quality. High temperatures in concrete can reduce the tensile strength and performance of cement during construction. Concrete cooling comes to the rescue in such situations to decrease the high temperatures and curb water evaporation after cement hydration. The Global Concrete Cooling Market is mainly fuelled by the increasing construction activities in tropical climatic countries like the Middle East and the Asia Pacific.

Key Market Drivers in the Concrete Cooling Market:

With the increasing world population and rapid urbanization, there is a huge incline in the constructions and buildings, which primarily drive the demand for Concrete Cooling. The rise in the construction of highways, dams, ports, and others has created the need for this technique. The rising disposable income of consumers is pushing them to have a sophisticated lifestyle, where the house plays a prominent role. Such residential and commercial projects, especially in hot climatic areas propel the demand for a global concrete cooling market.

Concrete Cooling Market Challenges:

On the other hand, there are some aspects that are limiting the expansion of the global Concrete Cooling industry. The stagnation of the construction industry in several developed nations of North America and Europe acts as a primary inhibitor for this business growth. In addition, improper curing methods and environmental concerns due to the release of carbon dioxide and other gases also hinder market development. Stringent government regulations involved in the construction further impede the concrete cooling trade.

Opportunities in the Concrete Cooling Market:

The increasing technological advances in the construction and building industry create growth potential for this market. The growing adoption of water-cooling techniques in Middle East countries coupled with the increasing investments in high and other infrastructural projects creates lucrative growth opportunities for the concrete cooling market.

CONCRETE COOLING MARKET REPORT COVERAGE:

This research report includes the segmentation of the Concrete Cooling Market until 2028.

 Concrete Cooling Market - By Type:

• Water Cooling
• Ice Cooling
• Air Cooling
• Liquid Nitrogen Cooling

On the basis of type, the Water-Cooling segment accounted for the leading share in the global market and is also expected to continue its dominion in the forecast period. The main reasons for this segment demand are the increase in usage of this method in various applications due to its features like easy availability, simple functionality, affordable costs, and so on. The growing demand from Middle East nations also plays a significant role in the growth of the water-cooling segment.

Concrete Cooling Market – By Application:

• Dams

• Ports

• Highway Constructions

• Nuclear Reactors

• Others

On the basis of application, the highway construction segment held the highest portion of global trade due to the rising demand from emerging nations around the world. Also, over the forecast period, it is anticipated that this segment will grow at the highest CAGR, owing to the need for long-lasting highways. 

Concrete Cooling Market – By Region:

• North America

• Latin America

• Europe

• Asia Pacific

• Middle East & Africa

The Middle East and Africa accounted for the lion’s share in the global Concrete Cooling market, which is also expected to continue in the foreseen years. The hot climatic conditions, coupled with the possibilities for several infrastructural developments resulted in the dominating position of this region.

The Asia Pacific region is also expected a noteworthy growth rate in the forecast period due to the increasing infrastructural and construction activities in developing nations like India, China, and others. North America and Europe are likely to witness low to moderate growth in the cooling concrete market due to the low climatic conditions and market saturation.

Recent Developments:

• Passive cooling methods are gaining prominence around the world due to their cost efficiency. In this process, sand, large aggregates, and water are sprayed over the covered items and also placed in large tanks for several days before the application to control the temperatures. 

• This research report on the Global Concrete Cooling market is segmented into the following categories, along with market analysis and forecast for each segment until 2025.

Companies leading the Global Concrete Cooling Market are:

1. Kirloskar Pneumatic Company Limited (India)

2. Focusun Refrigeration Corporation (China)

3. Fujian Snowman Co. Ltd.

4. Coldcrete Inc.

5. Icelings

6. Concool LLC

7. Recom Ice Systems

8. North Star Ice Equipment Corporation

9. Lintech Germany GmbH

10. KTI-PlerschKältetechnik GmbH