Precast concrete is a mobile product that is produced by casting concrete in molds. Such concretes are cast, prepared, and cured off-site away from the construction site and are assembled on the site. Offsite or precast concretes offer various advantages over onsite concretes especially the production cost. Precast concretes are lightweight, have a better thermal expansion, and are used on exterior & interior walls. Precast concretes also offer ease of construction, better quality, high durability, and cost-effectiveness. Precast concretes are used in the construction of beams, floors, pipes, wall panels, columns, staircases, tunnels, dams, channels, floodwalls, channels, coastal structures, marine structures, navigation locks, and bridges, culverts, tunnels, noise barriers, and highway pavements. Precast concrete may be fabricated in any shape and size consistent with the laws of statics; the strength and stiffness of the materials, thereby driving the global precast concrete market.
Increasing population and urbanization are leading to more construction activities across the globe. Also, a hike in the construction of new commercial spaces & residential buildings, eco-friendly construction, low maintenance of the building products, saving construction duration acts, inclination towards sustainable construction, and demand for cost-effective & modern construction are the major factors boosting the market for precast concrete. However, precast concrete is made up of cement, and cement consists of toxic gas such as carbon monoxide, sulfur dioxide, and nitrogen dioxide which affect health and causes visual impairment, asthma, and cardiovascular diseases. Additionally, high costs of raw materials, transportation of precast concrete structures to the construction site, and strict government regulations for emission reduction from cement production are the reasons hindering the global precast concrete market growth significantly.
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The Global Precast Concrete Market is fragmented into Structure System, Construction Type, End-User, and Region.
The Global Precast Concrete Market outlook – APAC dominates the market among all the geographies.
Based on geography, the global precast concrete market is bifurcated into North America, Europe, Asia-Pacific, and the Rest of the World. APAC is leading the market owing to factors such as increasing investments in the infrastructure industry, increasing population base, and rising urban housing demands & shorter construction timelines in developing regions like China, India, and Indonesia, among others.
Prominent players of the Global Precast Concrete Market:
Boral Limited, ACS Group, Bouygues Construction, Kiewit Corporation, Laing O’ Rourke, Red Sea Housing Services, Balfour Beatty plc, Julius Berger Nigeria plc, Komatsu Ltd., Larsen & Turbo Limited, Taisei Corporation, Lafarge, Olson Precast Company, Gulf Precast Concrete Co. LLC, Tindall Corporation, Gulermak A.S., and ELO Beton, among others.
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