Pre-Stressed Concrete Market Poised to Garner Maximum Revenues During 2017-2027
Pre-stressed Concrete Market: Dynamics
The decreasing oil prices through the globe resulting in the decline in prices of petroleum based product such as plastic material, polyvinyl chloride material, and asphalt and material insulation is subsequently expected to drive the growth of the global pre-stressed concrete market. Furthermore, reducing oil and gas prices would reduce transportation costs on behalf of the construction industry, which will over again makes relatively inexpensive to accomplish various operational activities. The forthcoming years is thus estimated to record a significant increase in the number of construction activities in the world, resulting in consequent growth of the global pre-stress concrete market. Moreover, an increasing number of bridge construction and building construction are also hike the global pre-stressed concrete market over the forecast period. The National Precast Concrete Association (NPCA) has set the benchmark report, according to NPCA the Construction industry is growing with high growth rate.
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For fabrication and assemble & install for post tensioning is requirement of skilled worker may hinder the global pre-stressed concrete market. Furthermore, the high cost of pre-stressing mould and very few number of non-standard units may also affect the product utilization.
The computer controlled automated mixing process is used by management to control production, aid in the decision making process and track inventories. The computer has become a common tool throughout the pre-stressed concrete industry that result in improved quality control. Computer based design and analysis is now the norm for standard pre-tensioned girders and segmental bridges. Geometry control for bridges are commonly computerized in production sites and casting yards. Many highway departments are using CADD drafting stations associated with larger VAX-type computer for development of plan sheet. Furthermore, increasing adoption of robotics and computerized control systems has lagged in the North American construction industry.
Pre-stressed Concrete Market: Segmentation
The global Pre-stressed concrete market can be segmented on the basis of manufacturing method:
The global Pre-stressed concrete market can be segmented on the basis of Product type:
Epoxy coated PC strand
Uncoated PC Strand
Galvanized PC Strand
The global Pre-stressed concrete market can be segmented on the basis of Application:
Brides and flyovers
The global Pre-stressed concrete market can be segmented on the basis of pre-stress concrete wires:
2 & 3 wires
Pre-stressed Concrete Market: Key Participants:
Key Participants of the global pre-stressed concrete market are following:
SHAGANG GROUP Inc.
SIAM INDUSTRIAL WIRE CO., LTD.
Gulf Steel Strands FZE
AL ITTEFAQ STEEL PRODUCT CO.
PPI Engineering Pte Ltd.
BUSCK PRESTRESSED CONCRETE LTD.
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Pre-stressed Concrete Market: Region-wise Outlook:
The Middle East and Africa (MEA) region are dominating in the pre-stressed concrete market owing to huge investment in infrastructure, bridges and building. Western Europe is followed by North America due to increasing construction industry and huge investment in R & D in the globe. Asia-Pacific is having a sluggish growth rate in the global pre-stressed concrete market due to slow development of the construction industry.
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