Global Precast Concrete Market Report 2022: Population Growth and Rapid Urbanization Resulting in Large Number of Construction Projects – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The “Global Precast Concrete Market by Feature (Columns & Beams, Floors & Roofs, Beams, Walls & Barriers, Utility Arches, Pipes, Paving Slabs), Construction Type, End-Use Industry (Residential, Non-Residential), and Region – Forecasts to 2027″ report has been added to from ResearchAndMarkets.com offer.

The global precast concrete market size is expected to grow from USD 144.6 billion in 2022 to USD 198.9 billion by 2027, at a compound annual growth rate (CAGR) of 6.6%. The production of precast concrete elements takes place under controlled conditions in closed factories. This means that tolerances can be precisely controlled, waste can be minimized and denser, stronger and higher quality concrete can be produced. In addition to quality and precision, labor requirements are greatly reduced. The actual construction of buildings on site is executed in a much shorter period of time compared to in situ constructions. This is environmentally friendly and reduces noise and dust pollution.

The relocatable building segment will be the third largest segment from 2022 to 2027, for precast concrete

Relocatable buildings such as prefabricated houses are prefabricated and produced in factories and transported to the site. Unlike permanent modular buildings, movable buildings are assembled into the final structure of a building at the factory or manufacturing site. The entire structure is attached to a permanent wheeled frame, through which the building is transported to the living site towed by a truck, once the structure is complete. This type of building is perfect for temporary housing and site offices.

Wet concrete will dominate the precast concrete market over the forecast period

Wet poured concrete is a form of flowable concrete that can be poured from a mixer, hopper or truck. Wet cast concrete is often used in the precast industry, where it is poured into forms and stripped, finished and marked before shipping. Wet casting is often used for larger parts that are more complex and require fluidity in the concrete to consolidate around the reinforcement and throughout the formwork. In a wet mix application, all materials including cement, aggregates, admixtures and water are mixed before being pumped through a pipe and air-blasted. Typically, a concrete truck delivers the wet mix and is pumped through a shotcrete pad for placement. Typically, wet mix is ​​used for high volume placements with easy access for construction vehicles.

Architectural building components will be the second fastest growing market for precast concrete over the forecast period

Architects have chosen precast concrete architectural facades for over half a century because they offer exceptional aesthetics, structural versatility, speed of closure and durability. No other material combines the range of shapes, colors, textures, fire resistance, sound insulation, weather sealing, long term durability, low maintenance and quick closure. Pre-engineered wall panels include weather-tight enclosures for maximum protection against mold and mildew, and their superior structural strength makes them highly impact and blast resistant for maximum safety. The durability of wall panel systems makes them ideal for meeting long-term construction needs.

Europe will be the second largest market for precast concrete elements

Europe is the second largest precast concrete market in the world. The region’s market has been studied for Germany, United Kingdom, France, Russia, Italy and the rest of Europe (Belgium, Greece, Netherlands, Romania, Poland, Spain and Switzerland ). Europe is a well-established market for precast concrete. Government regulations, high disposable income and changing lifestyle of consumers are significant factors contributing to the high demand for precast concrete.

Market dynamics

Drivers

  • Concerns about work area safety and environmental impacts

  • Need for reduced construction time and cost effective products

  • Easy to install and move

  • Supporting government initiatives

Constraints

  • Commodity price volatility

Opportunities

  • Population growth and rapid urbanization resulting in a large number of construction projects

  • Rise in renovation and remodeling activity globally

Challenges

  • Freight cost volatility creates unpredictable business environments

  • Lack of awareness of the precast concrete method

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews

5 Market Overview

6 industry trends

7 Impact of COVID-19 on the Precast Concrete Market

8 Precast Concrete Market, By Element

9 Precast Concrete Market, By Construction Type

10 Precast Concrete Market, By End-Use Industry

11 Precast Concrete Market, by Type

12 Precast Concrete Market, By Application

13 Precast Concrete Market, by Region

14 Competitive Landscape

15 company profiles

16 Appendix

Companies cited

  • Atco Concrete Products SA

  • Balfour Beatty plc

  • Beaver Gulf Precast Concrete

  • Boral Limited

  • Cemex SAB De CV

  • Coltman Precast Concrete Ltd.

  • Consolidate

  • Crh plc

  • Devinci Prefab

  • Forterra, Inc.

  • Gulf Precast Concrete Company LLC

  • Julius Berger Nigeria plc

  • Katera

  • Lafargeholcim Ltd

  • Laing O’rourke

  • Mackay Prefab Products

  • Metromont Society

  • Mse Precast Ltd.

  • Oldcastle Infrastructure, Inc.

  • Preca Solutions India Private Limited

  • Skanska AB

  • Prefab Smeet

  • The prefabricated group

  • Tindall Company

  • Vme Precast Private Limited

For more information on this report, visit https://www.researchandmarkets.com/r/8yu8hx.

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