COVID-19 Impact on Carbon Concrete Market
The COVID-19 outbreak is hampering the demand for carbon concrete in many applications. Governments of various countries across the globe enforced lockdown measures to curb the spread of the coronavirus. This resulted in slowdown and even halt in manufacturing operations, thus hampering the demand for carbon concrete.
Key players operating in the carbon concrete market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these players are spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players halted their production output over the last few months due to the COVID-19 pandemic. Thus, the pandemic has negatively influenced the demand and supply chain of carbon concrete.
The COVID-19 outbreak has directly affected the production and demand for carbon concrete. Industrial shutdown caused by the COVID-19 pandemic has created disruption in the supply chain. Disruption in supply of raw materials is projected to hamper full-scale operations of companies operating in the market.
Get Brochure of the Report @https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=84634
Key Drivers of Carbon Concrete Market
Reinforced concrete manufacturing practice leads to high amount of CO2 emission. There are limitations as to the extent of CO2 emissions. This is comparatively less for carbon concrete. Furthermore, the added advantage of long lifespan of carbon concrete is the key driver of the carbon concrete market.
Restraints of Carbon Concrete Market
Dearth of universal directives pertaining to application of carbon concrete is expected to restrain the market during the forecast period. The cost to produce one kilogram of reinforced concrete is around 1 euro, while that for one kilogram of carbon concrete is EUR 20. Thus, high cost of carbon concrete is the key restraining factor of the carbon concrete market.
Enquiry Before Buying:https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=84634
Asia Pacific to Constitute Significant Share of Global Carbon Concrete Market
In terms of region of region, the global carbon concrete market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominated the global market in 2020. Asia Pacific is the largest market for carbon concrete due to substantial investments in China, Japan, and India for continual improvements in pharmaceuticals. Asia Pacific is expected to account for the leading share of the carbon concrete market during the forecast period owing to growth in urbanization and rise in spending power of countries in the region. The carbon concrete market in the region is expected to expand at a rapid pace throughout the forecast period.
Comentários