Concrete Cooling Market to grow at over 5% CAGR To 2022

Posted by Mayur Yeole on February 11th, 2021

Market Analysis

The global concrete cooling market will touch USD 1200 million at a 5% CAGR between the forecast period, according to the new Market Research Future (MRFR) analysis. Concrete cooling, simply put, is a means that helps to reduce the temperature of the concrete poured to a specific proportion to improve the quality and toughness of concrete. Concrete cooling tools are used to construct buildings to improve its longevity, durability, and strength.

Various factors are propelling the global concrete cooling market share. According to the recent MRFR market estimates, such factors include the rapid development in concrete construction, growing demand for concrete cooling systems, rise in awareness about the perks of concrete cooling, and growing need for indoor air quality. Additional factors adding market growth include growing demand in places with a warm climate, growing construction of new dams, increasing use of liquid nitrogen as a cooling agent, increase in dam construction events in emerging economies, increasing construction of highways, plentiful benefits offered by concrete cooling such as a reduction in maintenance costs and offer durability to buildings, surging need for infrastructural expansion in emerging economies, and growing need for construction activities.

Market Segmentation

By type, the global concrete cooling market is segmented into liquid nitrogen cooling, air cooling, and water cooling. Of these, the water cooling type segment will lead the market over the forecast period. By application, the global concrete cooling market is segmented into industrial, commercial, infrastructure, and others. Of these, the infrastructure application segment will dominate the market over the forecast period.

Regional Analysis

Of these, the MEA is predicted to spearhead the market over the forecast period. High temperatures, new infrastructural projects, favorable stand maintained by the government to support the building & construction industry, and growing construction activities are adding to the global concrete cooling market growth in the region.

In the APAC region, the global concrete cooling market is predicted to have sound growth over the forecast period. Rising construction and infrastructural activities in India and China are adding to the global concrete cooling market growth in the region. Besides, the governments of India and China are making efforts to improve the infrastructure of their nations through the construction of durable dams, bridges, and highways, and increasing construction of nuclear power plants, and construction of ports are adding to the global concrete cooling market growth in the region.

In Europe and North America, the global concrete cooling market is predicted to have steady growth over the forecast period.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/concrete-cooling-market-1950

Key Players

Key contenders profiled in the global concrete cooling market report include Focusun Refrigeration Corporation, Icelings, Kirloskar Pneumatic Company Limited, Recom Ice Systems, ConCool LLC, Coldcrete Inc., LINTEC Germany GmbH, KTI-Plersch Kältetechnik GmbH, North Star Ice Equipment Corporation, and Fujian Snowman Co., Ltd.