Concrete cooling market size is forecast to reach $1.69 billion by 2025, after growing at a CAGR of 5.70% during 2020-2025.Concrete cooling is a technique used for dropping the temperature of the poured concrete to curb the water evaporation after cement hydration, helping it in retaining its properties and tensile strength. Concrete cooling market is mainly powered by the increasing construction activities in tropical climatic countries such as Asia Pacific regions.

Key Takeaways
Asia Pacific dominates the concrete cooling market owing to increase in the demand from end use industries such as building and construction.

Increase in technological advances in building and construction sector creates potential for the growth of concrete cooling markets.

Low climatic condition in North America and Europe acts as an inhibitor for the growth of concrete cooling market.
Release of harmful gases during the concrete manufacturing and the government regulations acts as a restraint for concrete cooling market.

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By Application - Segment Analysis
On the basis of application highways construction holds the largest market share and also expected to continue its dominion in the forecast period. Concrete cooling systems are ideal for the region with warm climates. Rapid urbanization and increase in transportation sector are the main drivers for the growth of concrete cooling market. After highways, building constructions holds the major segment of concrete cooling market. According to International Energy Agency (IEA), floor area in buildings are expected to double to more than 415 square meters, globally by 2050. Also, the rapid growth in purchasing power in emerging economies and many developing countries increases the demand in buildings by 50% by 2050 (IEA, 2016) is fueling the market of concrete cooling.

Drivers – Concrete Cooling Market

High temperature and increase in transportation and construction activities
The concrete cooling market is primarily driven by the growing construction industry and rapid industrialization especially in the Middle East and APAC region. The changing lifestyle and high disposable income of the consumers has increased the construction activities owing the need for concrete cooling. Higher temperature of tropical areas decreases the water content and bonding properties of concrete which further results in cracks owing the need for concrete cooling system.

Market Landscape: Major top 10 companies of concrete cooling market KTI-Perch Kaltetechnik GmbH, Fujian Snowman Co. Ltd., ConCool LLC, Kirloskar Pneumatic Company Limited, LINTEC Germany GmbH, Recom Ice Systems, Focusun Refrigeration Corporation, Icelings, North Star Ice Equipment Corp and Coldcrete Inc. among others.

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