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Global Prestressed Concrete Report Forecast till 2025
Market Analysis
The global prestressed concrete market is expected to grow at a 5.70%during study period. Prestressed concrete is a durable, reliable and strong form of concrete. This form of concrete is preferred in the construction of crack-free structural elements and tackles shrinkage and temperature effects. The applications such as poles and beams, pipes, tanks, hardstands, and pavements are using prestressed concrete constructions.
The global market of prestressed concrete is estimated to witness a significant raise at the time of the study. The rising construction industry and increasing urbanization become the growth driving factor for the global market. Many governments of developing countries are focusing on infrastructure development as the growing urbanization leads to expanding demand for housing, employment, communications, and infrastructure. The expansion of the prestressed concrete market in emerging economies rose substantially due to the increased number of construction projects.
However, the restraining factors on the growth of the global prestressed concrete market are lack skilled labor due to the continuous migration of laborers, lack of perfect training.
Market Segmentation
The Global Prestressed Concrete Market is categorized by manufacturing process, concrete wires, product, application, and end-use industry. On the basis of the manufacturing process, the global prestressed concrete market is subdivided into pre-tensioning and post-tensioning.
By concrete wires type, the global prestressed concrete market is divided into 4–7 wires, up to 3 wires, and above 7 wires. By product type, the global prestressed concrete market is categorized into uncoated PC strand, galvanized PC strand, and epoxy coated PC strand.
On the basis of application, the global prestressed concrete market is divided into poles and beams, hardstands and pavements, pipes, tanks, and others. The poles and beams sector is leading the market due to its vast utilization in the construction of railways and bridges.
By end-use category, the global prestressed concrete market is divided into construction & infrastructure, manufacturing industry, railroad industry, oil & gas industry, and others.
Regional Analysis
Geographically the global prestressed concrete market is spread across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Asia-Pacific is expected to dominate the prestressed concrete market during the forecast period, followed by Europe, because of the advancements in economic conditions and rising expansion in the construction industry in the territory.
As reported by Concrete Asia, ASEAN countries have made their financial plan to increase construction projects for residential, industrial, and infrastructural projects in the next five years. Accelerated urbanization and growing expenditure in real estate, Government contributions are major growth driving factors for the ASEAN economies and the prestressed concrete market are expected to grow substantially in the next 10-15 years.
Key Players
The Key market Players of Global Prestressed Concrete are Skanska (Sweden), HeidelbergCement (Germany), L&T Construction (India), and Taiheiyo Cement Corporation (Japan), Coreslab Structures (US), Coltman Precast Concrete Limited (UK), Tindall Corporation (US), Molin Concrete Products Company (US), American Concrete Products (US), and The Prestressed Group (Canada).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Market Analysis
The global prestressed concrete market is expected to grow at a 5.70%during study period. Prestressed concrete is a durable, reliable and strong form of concrete. This form of concrete is preferred in the construction of crack-free structural elements and tackles shrinkage and temperature effects. The applications such as poles and beams, pipes, tanks, hardstands, and pavements are using prestressed concrete constructions.
The global market of prestressed concrete is estimated to witness a significant raise at the time of the study. The rising construction industry and increasing urbanization become the growth driving factor for the global market. Many governments of developing countries are focusing on infrastructure development as the growing urbanization leads to expanding demand for housing, employment, communications, and infrastructure. The expansion of the prestressed concrete market in emerging economies rose substantially due to the increased number of construction projects.
However, the restraining factors on the growth of the global prestressed concrete market are lack skilled labor due to the continuous migration of laborers, lack of perfect training.
Market Segmentation
The Global Prestressed Concrete Market is categorized by manufacturing process, concrete wires, product, application, and end-use industry. On the basis of the manufacturing process, the global prestressed concrete market is subdivided into pre-tensioning and post-tensioning.
By concrete wires type, the global prestressed concrete market is divided into 4–7 wires, up to 3 wires, and above 7 wires. By product type, the global prestressed concrete market is categorized into uncoated PC strand, galvanized PC strand, and epoxy coated PC strand.
On the basis of application, the global prestressed concrete market is divided into poles and beams, hardstands and pavements, pipes, tanks, and others. The poles and beams sector is leading the market due to its vast utilization in the construction of railways and bridges.
By end-use category, the global prestressed concrete market is divided into construction & infrastructure, manufacturing industry, railroad industry, oil & gas industry, and others.
Regional Analysis
Geographically the global prestressed concrete market is spread across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Asia-Pacific is expected to dominate the prestressed concrete market during the forecast period, followed by Europe, because of the advancements in economic conditions and rising expansion in the construction industry in the territory.
As reported by Concrete Asia, ASEAN countries have made their financial plan to increase construction projects for residential, industrial, and infrastructural projects in the next five years. Accelerated urbanization and growing expenditure in real estate, Government contributions are major growth driving factors for the ASEAN economies and the prestressed concrete market are expected to grow substantially in the next 10-15 years.
Key Players
The Key market Players of Global Prestressed Concrete are Skanska (Sweden), HeidelbergCement (Germany), L&T Construction (India), and Taiheiyo Cement Corporation (Japan), Coreslab Structures (US), Coltman Precast Concrete Limited (UK), Tindall Corporation (US), Molin Concrete Products Company (US), American Concrete Products (US), and The Prestressed Group (Canada).
We are continuously tracking the impact of COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations and many other useful insights.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
