Global Precast Concrete Market Size, Share & Industry Trends 2028 | Applications, Business Strategy, And Key Drivers Supporting Growth with TopPlayers like Boral, LafargeHolcim, Gulf Precast, CEMEX

Precast concrete is a construction material that is pre-manufactured off-site in a controlled environment and transported to the construction site for installation. Precast concrete products are created by casting concrete in a mold and then curing it in a controlled environment. Once cured, the precast products are transported to the construction site and installed in place, often with the use of cranes.

Precast concrete products include structural elements such as walls, beams, and columns, as well as architectural elements such as façades, cladding, and decorative panels. Precast concrete is a sustainable material that can be recycled and reused, making it an environmentally friendly option for construction projects.

The precast concrete market was valued at US$ 118.4 Bn in 2021 and is projected to reach US$ 159.8 Bn by 2028, at a CAGR of 4.4%.

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Rapid urbanization and the exponential rise in population are the key factors promoting market growth. The rising need for non-residential establishments such as airports, sports complexes, malls, and commercial spaces will effectively influence an escalated supply chain due to reduced construction time and cost-effectiveness. The rising demand for residential spaces due to the growing population, coupled with the initiatives by the government to provide housing for the Economically Weaker Section (EWS), will further boost the demand for precast concrete.

Key Industry Players:

Boral
LafargeHolcim
Gulf Precast
Olson Precast Company
Larsen & Toubro Limited
CEMEX
Forterra
Tindall Corporation
Spancrete
Elementbau Osthessen GmbH & Co., ELO KG

Global Global Precast Concrete Market Segmentation:

By Product:
Building Components
Transportation
Water & Waste Handling
Others

By End-Use:
Residential
Non-Residential

Precast concrete products are widely used in residential construction for various applications such as walls, floors, stairs, and panels. Precast concrete offers durability, strength, and energy efficiency, making it an ideal choice for homes. It also provides design flexibility and aesthetic appeal with a wide range of finishes and textures. Precast concrete components can be manufactured off-site, reducing on-site construction time and costs.

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KEY INDUSTRY DEVELOPMENTS:

July 2021- Forterra acquired Barbour Concrete Company & Barbour Building Systems to expand its product portfolio and have large customer base.

January 2021- LafargeHolcim acquired Firestone Building Products, a commercial roofing and building envelope solutions company, for US$ 3.4 billion. The acquisition is estimated to expand the company's roofing portfolio and increase presence in the U.S.

Regional Insights:
North America- U.S., Mexico, Canada
Europe- UK, France, Germany, Italy, Spain, Rest of Europe
Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
South America- Brazil, Argentina, Colombia, Rest of South America
The Middle East and Africa- GCC, South Africa, Rest of Middle East & Africa

The Asia Pacific region is expected to dominate the precast concrete market due to the increasing demand for sustainable and cost-effective construction solutions. The region's population growth and rapid urbanization have led to a surge in construction activities, which has boosted the demand for precast concrete products.

Why Purchase the Report?
• The report includes information such as market dynamics scenario, opportunities and challenges during the forecast period
• Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
• Regional, sub-regional, and country-level data include the demand and supply forces along with their influence on the market.
• The competitive landscape comprises a share of key players, offering products, relevant financial information, recent developments, SWOT analysis, and strategies.
• Understand the current market scenario and viability of the global market over the forecast period.

Some of the key questions answered in this report:
• What will the market development pace of market?
• Which are the five top players in the Precast Concrete market?
• How will the Precast Concrete market change in the upcoming years?
• What are the key factors driving the Global market?
• Which product and application will take a share of the Precast Concrete market?
• What will be the CAGR and size of the Precast Concrete market throughout the forecast period?

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TABLE OF CONTENTS:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Precast Concrete Market
Chapter 5. Global Precast Concrete Market Overview, By Product, 2015 - 2028(USD Million)
Chapter 6. Global Precast Concrete Market Overview, By End-Use, 2015 - 2028(USD Million)
Chapter 7. Global Precast Concrete Market Overview, By Geography, 2015 - 2028(USD Million)
…..TOC Continued

Browse Complete TOC: https://www.extrapolate.com/toc/machinery-equipment/precast-concrete-market/25696

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