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Increasing construction activities across the globe, specifically renovation of old buildings, monuments, and heritage spots, is estimated to drive precast concrete market growth, as per The Business Research Company’s precast concrete market opportunities and strategies report.

The precast concrete market is expected to grow from $109.86 billion in 2021 to $139.23 billion in 2026 at a rate of 4.9%. The global precast concrete market size is then expected to grow at a CAGR of 5.4% from 2026 and reach $181.11 billion in 2031.

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Major players in the precast concrete market include Holcim Group, CRH plc, Gulf Precast Concrete Co, Tindall Corporation, Boral Limited.

Companies in the cement and concrete products manufacturing market are increasingly developing innovative products to cater to the rising demand for cement and concrete products. Research scientists from Rice University, Texas, USA developed a new way to manufacture less porous, water resistant, and chemical resistant concrete particles using cement. Other types of concrete developed in recent years include bendable, fire-resistant concrete and self-healing concrete.

The Global Precast Concrete Market Is Segmented:
By Product: Structural Building Components, Architectural Building Components, Transportation Products, Water And Waste Handling Products, Other Products

By Type: Concrete Masonry Units (CMUS), Pavers, Retaining Walls, Other Types

By Element: Columns And Beams, Floors And Roofs, Walls And Barriers, Girders, Pipes, Paving Slabs, Utility Vaults, Other Elements

By End-Use: Residential, Non-Residential, Infrastructure

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global precast concrete market.

TBRC’s Precast Concrete Market Report Covers:

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Precast Concrete Market Report 2022 – Opportunities And Strategies – Global Forecast To 2031 is one of a series of new reports from The Business Research Company that provides thorough precast concrete market research, analyzes and forecasts precast concrete market size, precast concrete market share, precast concrete market players, precast concrete market trends, precast concrete market segmentation and geographies, leading competitor revenues, profiles and market shares.

TBRC’s precast concrete market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

The precast concrete market consists of the sales of precast concrete by entities (organizations, partnerships, and sole proprietors) that refer to the prefabricated concrete products made beforehand in a conducive environment. Precast concrete is a simple concrete that has been cast in a location beside the one in which it would be used. It is easier to control the mix, placement, and curing of precast because it is produced in a managed casting environment. Precast concrete is widely used due to its functional versatility in parking garages, bridges, office buildings, stadiums, shops, and housing with repetitive and modular elements.

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