The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Precast Concrete Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Precast Concrete Industry (2023-2028):
According to the latest report, The Precast Concrete Market is expected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Precast Concrete industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2018-21
· Base Year: 2022
· Forecast Period: 2023-28
· CAGR (2023-2028): 5.6%
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Precast Concrete Market Segmentation
The Precast Concrete Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Product Type
- Columns & Beans
- Floors & Roofs
- Staircases
- Girders
- Paving Slabs
- Others
- By Construction Type
- Elemental Constructions
- Permanent Modular Buildings
- Relocatable Buildings
- By Application
- Structural Building Components
- Architectural Building Components
- Transportation Products
- Waste & Waste Handling Products
- Others
- By End User
- Residential
- Non-Residential
- Tunnel
- Bridges
- Wind Towers
- Others
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Precast Concrete Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/precast-concrete-market.html
Top Companies in the Precast Concrete Market
LafargeHolcim, Olson Precast Company, Forterra Pipe and Precast LLC, Boral Limited, Gulf Precast Concrete Co. LLC, Tindall Corporation, Spancrete, ELO Beton, Devinci Precast, Beaver Gulf Precast Concrete, CEMEX S.A.B. de.C.V.\, Larsen & Toubro Limited, Elementbau-Osthessen GmbH & Co., ELO KG, STECS, ACS Group
Precast Concrete Industry Recent Development:
On 1 May 2022, Boral Limited, in collaboration with Calix Limited, announced exploring the feasibility of developing a carbon capture plant in the Southern Highlands using Calix's innovative carbon technology. For this, Boral has been awarded a $30m Commonwealth Grant, which will support both leaders in assessing the viability of a commercial-scale plant that captures & compresses up to 100ktpa of unavoidable CO2 emissions that arise from the limestone decomposition in cement manufacturing.
On 1 July 2021, Forterra completed the acquisition of Barbour Concrete Company & Barbour Building Systems, a manufacturer of precast concrete products used in drainage, stormwater, utility, and other infrastructure applications.
The same year on 7 January, LafargeHolcim announced acquiring Firestone Building Products (FSBP), a leader in commercial roofing & building envelope solutions based in the US, for US$ 3.4 billion, i.e., in line with its plans to become the global leader in innovative & sustainable building solutions.
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