Global Precast Concrete Market expected to record a CAGR of ~6% during the forecast period (2017-2028): Ken Research

What Is The Size Of Global Precast Concrete Industry?

Global Precast Concrete market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 150 Bn by 2028.

The Precast Concrete Market is largely driven by increasing investments by industry players, rise in construction activities across the globe, and high adoption of precast concrete over on-site cast concrete.

Precast concrete is superior to on-site cast concrete in several ways in terms of building infrastructure. It offers a superior level of quality than conventional techniques which is mainly due to proper technical management. One of the primary advantages of precast concrete over traditional concrete is the speed of construction as it cuts down one-third of the construction time. As a result, Precast Concrete Market is rising due to less time and effort needed.

Precast concrete has several advantages over conventional concrete, but its use in developing nations is limited by the considerable investment needed. Precast concrete things must be manufactured using expensive tools and molds that must be made using cutting-edge technology by highly skilled labor, which looks to be quite demanding for developing regions.

The COVID-19 outbreak caused worldwide lockdowns and disruptions in supply chains, all of which hurt the market in 2020. However, the market had a strong recovery in 2021 as a result of the start-up of major end-user sectors. Precast concrete is anticipated to have rapid market expansion shortly due to rising demand for environmentally friendly building techniques, increased dependency on current construction methods & urbanization.

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Global Precast Concrete Market By Product

The Global Precast Concrete market is segmented by Product into Beam and Column System, Floor and Roof System, Bearing Wall System and Façade System.

DGBEF segment held the largest market share of the Global Precast Concrete Market in 2022, as it improves thermal stability, has strong mechanical properties, and provides moisture resistance. It is used extensively across multiple end-user industries such as building & construction and automotive. DGBEF is Diglycidyl Ether Bisphenol F, a reaction product of phenol and formaldehyde. This type of Precast

Global Precast Concrete Market By Application

The Global Precast Concrete market is segmented by Application into Structural Building Components, Architectural Building Components, Transportation Products and Waste & Water Handling Products.

The liquid form segment held the largest market share of the Global Precast Concrete Market in 2022. The reason behind the largest share of this segment is a wide area of applications in almost all industries.

Precast Concrete in liquid form prevents corrosion and as a sealant, it protects surfaces, including pipelines, metal, floors, countertops, and equipment parts.

It is often found in transistors and electrical circuits to protect parts from moisture, dirt, dust, and other debris that can damage materials over time.

Global Precast Concrete Market By End-User

The Global Precast Concrete market is segmented by End-user into Residential, Commercial, Infrastructure and Industrial.

The liquid epoxy segment dominated the Precast Concrete industry in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2028.

This is due to the rapid industrialization and rise in demand for consumer electronics, flourishing the market during the forecast period. The liquid Precast Concrete has been used for years as it possesses superior quality and has strong resistance power to corrosion, chemical, heat, and others.

Hence, the growing application of liquid epoxy technology in various end-use industries will positively impact the market.

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Key Topics Covered in the Report

Snapshot of the Global Precast Concrete Market
Industry Value Chain and Ecosystem Analysis
Market size and Segmentation of the Global Precast Concrete Market
Historic Growth of the Overall Global Precast Concrete Market and Segments
Competition Scenario of the Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Precast Concrete Market
Overview, Product Offerings, and SWOT Analysis of Key Competitors
COVID-19 Impact on the Overall Global Precast Concrete Market
Future Market Forecast and Growth Rates of the Total Global Precast Concrete Market and by Segments
Market Size of Product / Application Segments with Historical CAGR and Future Forecasts
Analysis of the Precast Concrete Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Country

Major Players Mentioned in the report

LafargeHolcim
ARTO
Sauereisen
Kijlstra precast Ltd
Carlow Precast Concrete Engineering
Qingdao Qingde Precast Accessories Co., Ltd.
Great Magtech (Xiamen) Electric Co., Ltd
Tindall
Oldcastle Infrastructure
Boral Limited
Forterra

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Notable Emerging Companies Mentioned in the Report

Atlas Group
Bex technology
Cuby technology
Minolite
PLINX

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Precast Concrete Producers
Precast Concrete Structures Providers
Construction Equipment Companies
Chemical Manufacturers
Organic Building Materials Manufacturers
Construction Sector Policy Makers
Construction Regulation Authorities
Architecture Firms
Construction Tech Investors
Chemicals Products Suppliers
Precast Solution Providers
Potential Investors in Construction Industry
PE and VC Firms focused on Construction Industry

Time Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For more insights on market intelligence, refer to the link below: -

https://www.kenresearch.com/business-research/global-precast-concrete-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.