Global Prestressed Concrete Market
Global Prestressed Concrete Market Research Report: Information by Manufacturing Process (Pre-Tensioning and Pre-Tensioning), Concrete Wires (Above 7 Wires, Up to 3 Wires and 4–7 Wires), Product (Uncoated PC Strand and Galvanized PC Strand), Application (Poles and Beams, Hardstands and Pavements, Pipes, Tanks and others), End-Use Industry (Construction & Infrastructure, Railroad Industry, Oil & Gas Industry, Manufacturing Industry and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast to 2025
Overview
The Global Prestressed Concrete Market is expected to gain an unprecedented value of USD 29,922.3 Million by 2025, with 5.70% CAGR during the forecast period (2019–2025). Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years. Prestressed concrete is a form of concrete used in construction. It is durable, reliable, and strong. Prestressed concrete helps construct crack-free structural elements and tackle shrinkage and temperature effects. It is widely used in applications such as poles and beams, pipes, tanks, hardstands and pavements, and others. Prestressed concrete is used in various end-use industries such as construction and infrastructure, manufacturing, railroad, oil & gas, and others.
Competitive Analysis
Prominent players profiled in the global prestressed concrete market 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), The Prestressed Group (Canada) are some of the other key players operating in the global prestressed concrete market. Mergers, acquisitions, and collaborations are some of the strategies that these companies have adopted to stay ahead of the rest.
Segmental Analysis
The Global Prestressed Concrete Market is segmented based on manufacturing process, concrete wires, product, application, and end-use industry.
Based on the manufacturing process, the post-tensioning segment is expected to dominate the market as it is mostly used in constructing structural beams and poles, bridge deck panels, and roof slabs, among others.
Based on concrete wires, the above 7 wires segment is expected to dominate the market as it is widely used in the construction of bridges, high-rise buildings, and structural beams, among others.
On the basis of product, the uncoated PC strand segment is expected to dominate the market owing to its cost-effectiveness and broad applications in tunnels, construction buildings, and railways in the product segment.
On the basis of application, the poles & beams segment is expected to dominate the market owing to its wide application in the construction of railways and bridges.
Regional Analysis
Geographic analysis of the global prestressed concrete industry spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
In 2018, Asia-Pacific was the leading market with a market valuation of USD 9,491.9 million. The regional market value is expected to reach USD 14,527.3 Million by 2025, with an impressive 6.37% CAGR during the forecast period. Asia-Pacific is also the fastest-growing region in the prestressed concrete market, with China, Japan, India, and Australia being the major markets. The growth of the infrastructure and construction industries and the improvement in the financial conditions in this region have led to the growth of the construction industry and, consequently, the prestressed concrete market. Moreover, the rapid industrialization and urbanization in emerging economies, such as China and India, are also boosting the growth of the prestressed concrete market in the region.
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