The global post-tensioning market size was valued at US$ 9.96 billion in 2020, and is anticipated to reach US$ 19.01 billion by 2028; growing at a CAGR of 8.4% from 2021 to 2028.
The global post-tensioning method is a method of strengthening the concrete and other building materials with ultra-strong steel bars or parts called tendons. The post-tensioning method is used to eliminate shrinkage, to prevent cracks and seal the previous cracks tightly, save construction materials, hasten the construction, increase performance and reduce costs. The post-tensioning method effortlessly solves design and construction problems better than other construction techniques. Due to the ultra-convenient design theory of the post-tensioning method, the structures are thinner as compared to its reinforced cement concrete designs. The post-tensioning method is a kind of prestressing. Prestressing is a process where steel is pulled & stressed before relying for support on concrete. Concrete is strong in compression but is weak in tension, and steel is very strong even under tension so the combination of both steel and concrete is a mastermind idea that results in the better and stronger components of concrete which are larger, thinner, longer, durable and stronger. The post-tensioning method is used in the making of elevated slabs of parking structures & commercial buildings, bridges, residential foundations, columns, and walls.
For normal commercial buildings, post-tensioning proves to be highly economical. The simplified structural layout of floor and use of fewer materials makes the construction smoother and takes less time as the post-tensioning method uses less quantity of steel. The superior quality, extraordinary design, less consumption of time, reduced cracks, larger column, and free space are the key factors that drive the global post-tensioning market.
Seating losses, corrosion, the complexity of work, unavailability of skilled professions, friction losses, concrete creep, shrinkage, and the high risks of accidents are the main reasons which hinder the global post-tensioning market.
Lucrative opportunities due to the extreme durability, the flexibility of the designs, minimal use of resources and reduced costs provide surplus opportunities to market players of the global post-tensioning method.
Some cases have seen the bursting of slabs during the cabling of wires; hence unavailability of skilled professionals and safety issues challenge the global post-tensioning market.
The global post-tensioning market is segmented on the basis of Type, Application, and region. On the basis of Type segment, the global post-tensioning method is further bifurcated into Unbonded and Bonded. On the basis of application, the global post-tensioning market is segmented into Energy & Power Industry, Buildings, and Bridges.
By region, the global post-tensioning method is bifurcated into North America, Europe, Asia-Pacific (APAC), and rest of the World (RoW). North America is further classified into U.S., Canada and Mexico. Europe is further segmented into Germany, U.K., France, rest of Europe. Asia-Pacific is segmented into China, Japan, India, rest of APAC. RoW covers South & Central America, the Middle East and Africa. At present, North America dominates the global post-tensioning market. Asia-Pacific to foresee a pleasant hike in the forecast period.
The prominent players of the global post-tensioning method are – Tendon Systems LLC., BBV Systems GmbH, VSL International Ltd, DYWIDAG-Systems International, Freyssinet, SRG Limited, Amsysco Inc., TMG Global Pte Ltd. and Liuzhou OVM Machinery Co. Ltd.
Market Segmentation and Scope of global post-tensioning Market: