Concrete Cooling Market – Trends Forecast Till 2030

Market Snapshot

Market Overview

The global Concrete Cooling market size was estimated at USD 990.1 million in 2023 and is projected to reach USD 1293.7 million in 2030 at a CAGR of 3.4% during the forecast period 2023-2030.

The combination of cement and water results in the formation of concrete. The cooling of concrete is imperative as it enhances its tensile strength and performance in comparison to that of hot concrete. Furthermore, the cooling quality of water reduces the rate of evaporation. Its vast range of applications includes highway construction, dam and lock construction, port construction, and nuclear plant construction. The Concrete Cooling Market may experience significant growth due to its ability to prevent the spread of germs and meet the increasing demand for indoor air quality.

The growth of the concrete cooling market is being driven by an upsurge in demand from countries with high temperatures. This is due to the need to regulate volume changes caused primarily by temperature fluctuations in mass concrete. As a result, cooling and insulating systems have been developed for use in mass concrete construction. However, the growth of the market is being impeded by limited opportunities for growth in North America and Europe. Furthermore, the concrete cooling market may face obstacles due to inadequate concrete curing, which may result in cracking and improper hydration.

The onset of Covid-19 has precipitated unforeseen market shifts. Notwithstanding, the concrete cooling sector is grappling with substantial demand during this juncture. The construction industry's downturn is impacting the concrete cooling market. The present juncture witnesses a pressing requirement for concrete cooling. Nevertheless, the provision and implementation of concrete cooling have ground to a halt. The demand for concrete cooling will recommence following the cessation of Covid-19. The production of concrete cooling is expected to ascend post-Covid-19, thereby restoring the concrete cooling market to its customary outlook. Furthermore, in the forthcoming years, the market's key players are experiencing the market in high-temperature regions.

Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The escalation of urbanization and industrialization is propelling the market value of concrete cooling. The predilection for concrete cooling is considerable owing to its colossal demand in the construction industry. The surge in the building of dams, highways, and ports is a pivotal factor for the massive growth in the concrete cooling industry. Another crucial market driver is the escalating disposable income. The augmented disposable income of individuals leads to an increase in investments in properties and buildings, consequently leading to immense construction projects. The concrete cooling market is highly reliant on the construction market. Furthermore, the high temperature and climate in certain regions serve as additional market driving factors. These factors have led to the expansion of the market and increased demand for Concrete Cooling solutions.

Market Portfolio

Key Findings

• The Type segment is further fragmented into Water Cooling, Ice Cooling, Air Cooling, Liquid Nitrogen Cooling. The water-cooling segment is expected to account for a larger market size during the forecast period. There is a steep increase in the usage of water-cooling systems across several applications due to its simple functionality, availability, and cost-effectiveness.

• The Application segment is further bifurcated into Outdoor location and Indoor location. The outdoor location is the largest market during the forecast period. Concrete cooling systems are ideal for regions that have a warm climate. Due to this, demand from the Middle East region is the highest. The various applications of concrete cooling use these solutions to cure concrete which would help improve strength of concrete in the long-term, thus making the structure strong enough to last for years after construction. Thus, this would lead to an increase in the demand for concrete cooling solutions in the highway construction application segment.

• The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Middle East is estimated to account for the largest market share during the forecast period. In Middle East, High temperatures in the Middle East region, combined with new infrastructural projects being undertaken by the Middle East countries, have led to the increased consumption of concrete cooling systems in the region.

Regional Analysis

Middle East to Dominate the Market

• Middle East is estimated to account for the largest market share during the forecast period. In Middle East, High temperatures in the Middle East region, combined with new infrastructural projects being undertaken by the Middle East countries, have led to the increased consumption of concrete cooling systems in the region.

Competitive Landscape

• Coldcrete Inc.
• Concool, LLC
• Dryvit Systems, Inc.
• Focusun Refrigeration Corporation
• Fujian Snowman Co., Ltd.
• Icelings
• Kirloskar Pneumatic Company Limited
• Kti-Plersch Kältetechnik GmbH
• Lintec Germany GmbH
• North Star Ice Equipment Corporation
• Recom Ice Systems
• Recom Ice Systems
• Taiwan Cement Ltd.

Recent Developments

• In December 2022, Scientists in Italy have proposed the use of radiative coolers made of cementitious materials to reduce the operating temperature of solar panels. The novel system configuration consists of a stack made by a reflector, a cement-based radiative cooler, and a bifacial solar cell.
   
• In May 2022, Arctic Glacier, LLC, a leading provider of premium ice products and related services, announces the acquisition of North Star Ice Ltd. of London Ontario alongside the grand opening of a new state-of-the-art production facility in Montreal, Quebec.

Reasons to Acquire

• Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
   
• Gain authentic and granular data access for the Concrete Cooling Market to understand the trends and the factors involved in changing market situations.
   
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
   
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.

Report Scope