Precast Concrete Market – Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled Precast Concrete Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Precast Concrete market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Precast Concrete Reports Highlights
What is the size of the Precast Concrete Market?
The Global Precast Concrete Market is expected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2023-28. Most of the market expansion would be propelled by the flourishing building & construction industry, massive investments in infrastructure development projects across various developing countries, various government initiatives for developing their respective economies by enhancing the construction sector, and improving disposable income in developing regions.
What do the growth prospects and trends look like in the Precast Concrete Industry?
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.
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What Components are encompassed within Precast Concrete Market segmentation?
The report has divided the market into the following segments:
By Product Type
-Columns & Beans
-Floors & Roofs
By Construction Type
-Permanent Modular Buildings
-Structural Building Components
-Architectural Building Components
-Waste & Waste Handling Products
By End User
-The Middle East & Africa
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Olson Precast Company
-Forterra Pipe and Precast LLC
-Gulf Precast Concrete Co. LLC
-Beaver Gulf Precast Concrete
-CEMEX S.A.B. de.C.V.\
-Larsen & Toubro Limited
-Elementbau-Osthessen GmbH & Co., ELO KG
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