Jun 17,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Pervious Pavement Market.
Pervious pavement market is likely to witness a healthy CAGR of 5.3% during the forecast period. The prime factors contributing to the demand for pervious pavements are the gradual adoption of cost-efficient and eco-friendly materials with rising urbanization and increased investment in the industrial and infrastructure sectors, and growing construction industry, especially in developing countries.
Pervious pavement (also known as permeable pavement or porous concrete) is a special type of pavement that has high porosity to allow rainwater to pass through it into the ground. It is made up of either pervious asphalt or pervious concrete and is thicker than traditional concrete to support the same load. It has the most common applications in residential road & driveways, sidewalks, parking lots, low-water bridges, walls, well linings, and swimming pool decks.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the material type, the market is segmented as pervious concrete, porous asphalt, and interlocking concrete pavers. Pervious concrete dominated the market in 2019, and is expected to remain dominant during the forecast period due to its superior permeability to surface water with minimal cost in the construction industry.
Based on the application type, the pervious pavement market is segmented as hardscape, floors, and others. Hardscape is expected to dominate the market during the forecast period owing to surging investments from public and private sectors in infrastructure development and increased interest of contractors in using individual pervious module in residential and non-residential constructions.
In terms of regions, Europe is estimated to remain the largest market for pervious pavement during the forecast period due to installation of permeable pavements in higher quantity in parking lots and commercial areas with light traffic loads. However, North America is expected to register the highest CAGR during the forecast period with increasing investment on building, construction, and infrastructural activities.
Key Players:
Some of the major pervious pavement manufacturers are-
- Balfour Beatty PLC
- BASF SE
- Boral Limited
- Cemex S.A.B. De C.V.
- Chaney Enterprises
- CRH PLC
- LafargeHolcim Ltd.
- Raffin Construction Co.
- Sika AG
- Ultratech Cement Limited
- others.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Pervious Pavement Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
Browse more links:
Write a comment