Skip to main content

The Versatility and Durability of Asphalt: More Than Just a Road Surface

When we think of asphalt, our minds often conjure images of smooth road surfaces stretching into the distance. However, the uses and benefits of asphalt go far beyond just paving roads. In this blog post, we'll explore the versatility and durability of asphalt, shedding light on its various applications and the importance of proper maintenance. The Basics of Asphalt Asphalt, also known as bitumen, is a sticky, black, and highly viscous liquid or semi-solid form of petroleum. It is a crucial component in the construction industry, primarily used for paving roads, driveways, and parking lots. Its popularity stems from its cost-effectiveness, ease of installation, and exceptional durability. Beyond Roads - Surprising Applications While roads are the most common application of asphalt, its uses extend into various surprising areas. For instance, asphalt shingles are a popular roofing material due to their weather resistance and longevity. Additionally, it's used in the construction...
Post a Comment

Precast Concrete Market Growing Trade Among Emerging Economies Opening New Opportunities in South Korea

 

The global precast concrete market size is expected to showcase significant growth by reaching USD 159.85 billion by 2028. Fortune Business Insights, in its report titled “Precast Concrete Market, 2021-2028.”, mentions that the market stood at USD 114.78 billion in 2020 and is likely to exhibit a CAGR of 4.4% between 2021 and 2028. The rapid-paced urbanization, coupled with the rising population rate, is anticipated to favor the adoption of the product globally. According to the National Bureau of Statistics (NBS), around 901.99 million people reside in the mainland areas in China, which accounts for over 63.89% of the total population in the country.

The widespread effect of the global pandemic, COVID-19, has been felt across several economies that are facing unprecedented loss. Owing to the lockdown announced by the government agencies, several industries have been on a standstill with limited operational activities. However, a collective effort from the government as well as the industries is likely to bring the economy back on track and aid in the resumption of industrial activities.

Get Sample PDF Brochure:-

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/precast-concrete-market-103301

List of Top 10 Companies Operating in the Precast Concrete Market:

  • Boral (Australia)
  • LafargeHolcim (Switzerland)
  • Gulf Precast (UAE)
  • Olson Precast Company (U.S.)
  • Larsen & Toubro Limited (India)
  • CEMEX (Mexico)
  • Forterra (U.S.)
  • Tindall Corporation (U.S.)
  • Spancrete (U.S.)
  • Elementbau Osthessen GmbH & Co., ELO KG (Germany)
  • Bouygues Construction(France)
  • Balfour Beatty(U.K.)
  • Oldcastle Precast (U.S.)
  • Other Key Players

Market Segmentation

Based on the product type, the market is divided into building components, transportation, water & waste handling, and others. On the basis of end-use, the market is bifurcated into residential and non-residential.

Based on end-use, the residential segment held a global precast concrete market share of about 37.7% in 2020. The segment is expected to experience exponential growth backed by the increasing investment in the development of real estate that is likely to propel the demand for the product worldwide.

Finally, on the basis of region, the market is segregated into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

What does the Report Include?

The market report includes qualitative and quantitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to announce partnerships, introduce new products, and collaboration that will further contribute to the growth of the market between 2021 and 2028.

Moreover, the research analyst has adopted several research methodologies such as SWOT and PESTEL analysis to extract information about the current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Rapid-Paced Urbanization to Aid Growth

The evolving standard of living globally has led to the growing demand for quality-oriented and people-centered facilities. The rapid-paced urbanization has led to significant development of both residential and non-residential establishments.

Besides, a large number of masses are migrating from rural areas to urban places for better job opportunities. The fast-paced growth of smart cities equipped with state-of-the-art infrastructures such as airports, malls, sports complexes, and commercial spaces is anticipated to boost the demand for the product. Besides, the rising population rate across the globe is expected to contribute to the global precast concrete market growth during the forecast period.

Ask for Customization:

https://www.fortunebusinessinsights.com/enquiry/customization/precast-concrete-market-103301

REGIONAL INSIGHTS

Asia-Pacific – The region stood at USD 46.43 billion in 2020. The market is anticipated to experience profound growth due to a large population in countries such as India and China. This is further leading to the massive development of residential sectors that is propelling the adoption of advanced precast concrete products in the region.

Europe – The market in the region is anticipated to showcase considerable growth during the foreseeable future. This is ascribable to factors such as the high demand for innovative precast concrete products for infrastructural and non-residential sector development activities between 2021 and 2028.

COMPETITIVE LANDSCAPE

Partnerships between Key Players to Intensify Industry Competition

The global market is consolidated by the presence of major companies that are striving to maintain their position and gain a competitive edge over their rivals. They are doing so by focusing on partnering with other companies to expand their product portfolio. Additionally, other key players are adopting organic and inorganic strategies to intensify market competition and maintain strongholds during the forecast period.

Industry Development:

  • January 2019 - LafargeHolcim announced the acquisition of ready-mix and precast businesses of Alfons Greten Betonwerk located in Germany. The acquisition is expected to aid in strengthening its position in the lucrative marketplace of the country.

Inquire Before Buying This Report:

https://www.fortunebusinessinsights.com/enquiry/queries/precast-concrete-market-103301

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Address:

Fortune Business Insights Pvt. Ltd.9th Floor, Icon Tower, Baner –

Mahalunge Road, Baner, Pune-411045,

Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

LinkedIn Facebook Twitter

Comments

Post a Comment

Popular posts from this blog

research report on the global Radiation Curable Inks market delivers updated information about the current scenario

  The  “Global Radiation Curable Inks Market”  research report represents major insights on the current growth dynamics as well as the primary revenue generation elements that are available in the Radiation Curable Inks industry along with various other factors over the predicted period 2022-2029. The report on the Radiation Curable Inks market is focusing on a series of parameters including top manufacturing strategies, industry share, prime opportunities, industrial channel, profit margin, etc. The research study on the global Radiation Curable Inks market is liable to showcase essential development in distinct regions including the United States, Europe, Asia Pacific, and China. On the basis of strategic aspects, the report represents the detailed profile of the major vendors and meanwhile, evaluates their discrete business-driven strategies and other development plans. In this study, we have used an extraordinary perspective dur...
Post a Comment
Read more

South Korea Medium Density Fiberboard Market Share, Demand, Growth in 2028

  South Korea Medium   Density Fiberboard Market Report provides an in-depth analysis of emerging trends, market drivers, development opportunities, and market constraints that may have an impact on the market dynamics of the industry. Each player highlighted in the research study contains Company Basic Information, Manufacturing Base, Sales Area, and its Competitors, an in-depth business overview, geographic footprint, and contact information. The report contains a comprehensive market and vendor landscape in addition to SWOT Analysis. Key players in the global South Korea Medium Density Fiberboard market are profiled with detailed insights into company profile, product portfolio, geographical presence, statistical analysis, key developments, and growth strategies. Furthermore, the global South Korea Medium Density Fiberboard Market report provides a comprehensive analysis of the COVID-19 pandemic and how it has affected the m...
Post a Comment
Read more

3D Printing Materials Industry Trends, Issues, Challenges, Forecasts, Competition Analysis by 2026

  According to Fortune Business Insights™ the global 3D printing materials market size is predicted to reach USD 3.78 billion by 2026, exhibiting a CAGR of 12.1% during the forecast period .  The increasing application of 3D printing in various end-user industries such as aerospace, automotive, military, and healthcare will have a positive impact on the 3D printing materials market revenue during the forecast period. Moreover, one of the major 3D printing materials market trends include the increasing knowledge of 3D printing as a faster manufacturing process than conventional manufacturing processes such as injection molding, and subtractive production. As per the published report by Fortune Business Insights, the market size stood at USD 1.53 billion in 2018.  The 3D printing materials market report focuses and elaborates the definition, types, applications and major players in detail. Deep analysis about 3D printing materials market outlook, competition pattern, enterp...
Post a Comment
Read more