Market Research Future, in its latest study, summed clearly that the Global Prestressed Concrete Market 2020, could witness much bigger stability from the years 2018–2025. In these years, the market’s potentiality might raise high at 5.70% CAGR, with a market valuation of USD 29,922.3 Million. It could be the great achievement of the market to see the future amidst COVID 19 pandemic across the world.
Top Impacting Factors
Prestressed concrete is used far and wide in multistoried buildings, civic infrastructure and bridges owing to the intrinsic weakness of concrete in tension which can be removed through the product. The use of prestressed concrete enhances its service load factor and reduces deflection & cracking.
The expanding focus on infrastructure development has facilitated the growth of many sub-sectors connected to the construction industry. As prestressed concrete wire and component are an extensive part of the construction material industry, the market consumption rate will thereby witness a considerable boost, particularly for prefab construction. This increase in demand is anticipated to motivate manufacturers to focus more on enlighten the quality of the product that will significantly benefit from the subsidies delivered by the various government bodies.
MRFR further codes that in support of the rising demand for railway transportation, it is probable that the railroad industry will lead the global prestressed concrete market in the assessment period. Moreover, the surge in reusable income and fast mounting urbanization will hasten the growth of -the prestressed concrete market during the forecast period.
Get free sample pdf @ https://www.marketresearchfuture.com/sample_request/7506
Furthermore, the diminishing oil prices worldwide due to COVID 19 lockdown has resulted in the decline in prices of petroleum-based product such as polyvinyl chloride material, plastic material, and asphalt material insulation. This factor has subsequently anticipated having driven the growth of the global prestressed concrete market in recent years. Thus, as per MRFR’s study, a hopeful prediction has come forward that the forthcoming years will record a noteworthy boost in the number of construction activities in the world, resulting in the subsequent growth of the global prestress concrete market.
The National Precast Concrete Association (NPCA) has set the benchmark report, and as per it, the construction industry is growing with a high growth rate.
The Global Prestressed Concrete Market is segmented over the manufacturing process, concrete wires, product, application, and end-use industry.
In terms of manufacturing process segment, the global market has included pre-tensioning and post-tensioning. The post-tensioning segment is leading the market, as it is extensively used in the construction of bridge deck panels, structural beams and poles, and roof slabs and more.
In terms of concrete wires, the global market has included 4–7 wires, up to 3 wires, and above seven wires. The above seven wires segment might lead the market as construction companies prefer it for its higher strength and excellent chemical stability.
In terms of product segment, the global market has included galvanized PC strand, uncoated PC strand, and epoxy coated PC strand. The uncoated PC strand segment might lead the market as it has broad applications in construction buildings, tunnels, and railways.
In terms of the application segment, the global market has included hardstands and pavements, poles and beams, tanks, pipes, and others. The poles and beams segment leads the market for its wide application in the construction of railways and bridges.
In terms of end-use industry segment, the global market has included manufacturing industry, construction & infrastructure, oil & gas industry, railroad industry, and others. The construction & infrastructure segment might lead the market is widely used in applications such as residential slabs, high-rise buildings, bridges and dams, foundations, poles, walls, and columns.
Region-specific study of the prestressed concrete market spans across regions of North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The Middle East and Africa region are leading in the prestressed concrete market in support of enormous investment in infrastructure, bridges and building.
Western Europe is followed by North America owing to the growing construction industry and enormous investment in R & D in the globe.
Asia-Pacific has a sluggish growth rate in the global prestressed concrete market owing to the slow development of the construction industry.
Browse complete report @ https://www.marketresearchfuture.com/reports/prestressed-concrete-market-7506
Top Industry Players
L&T Construction (India), Heidelberg Cement (Germany), Skanska (Sweden), Coltman Precast Concrete Limited (UK), American Concrete Products (US), Coreslab Structures (US), Molin Concrete Products Company (US), Tindall Corporation (US), and The Prestressed Group (Canada) are the top industrial players in the global prestressed concrete market.
Table of Content
1 Executive Summary
1.1 Market Attractiveness Analysis 25
1.1.1 Global Prestressed Concrete Market, By Manufacturing Process 26
1.1.2 Global Prestressed Concrete Market, By Prestressed Concrete Wires 27
1.1.3 Global Prestressed Concrete Market, By Product 28
1.1.4 Global Prestressed Concrete Market, By Application 29
1.1.5 Global Prestressed Concrete Market, By End-Use Industry 30
1.1.6 Global Prestressed Concrete Market, By Region 31
2 Market Introduction
2.1 Definition 32
2.2 Scope Of The Study 32
2.3 Market Structure 32
2.4 Key Buying Criteria 33
3 Research Methodology
3.1 Research Process 34
3.2 Primary Research 35
3.3 Secondary Research 36
3.4 Market Size Estimation 36
3.5 Top-Down And Bottom-Up Approach 37
3.6 Forecast Model 38
3.7 List Of Assumptions 39
4 Market Insights
5 Market Dynamics
5.1 Introduction 43
5.2 Drivers 44
5.2.1 Growth Of Construction Industry 44
5.2.2 Growing Urbanization 45
5.2.3 Drivers Impact Analysis 47
5.3 Restraints 47
5.3.1 Lack Of Skilled Labor 47
5.3.2 Restraints Impact Analysis 48
5.4 Opportunity 48
5.4.1 Scope For Growth In Emerging Economies 48
6 Market Factor Analysis
6.1 Supply Chain Analysis 49
6.1.1 Raw Material Supply 49
6.1.2 Prestressed Concrete Manufacture 49
6.1.3 Distribution 50
6.1.4 End Use 50
6.2 Porter’s Five Forces Model 50
6.2.1 Threat Of New Entrants 51
6.2.2 Bargaining Power Of Suppliers 51
6.2.3 Threat Of Substitutes 51
6.2.4 Bargaining Power Of Buyers 51
6.2.5 Rivalry 51
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar
Keywords: Prestressed Concrete, Prestressed Concrete Market, Prestressed Concrete Industry, Global Prestressed Concrete, Prestressed Concrete Market Forecast, Prestressed Concrete Market Analysis