Prestressed Concrete Market Research Report - Global Forecast till 2030

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鈥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 2030

ID: MRFR/CO/6037-CR | 328 Pages | Published By Tejas Chaudhary on November 2019         

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Prestressed Concrete Market

Prestressed Concrete Market is projected to be worth USD 176 Billion by 2030, registering a CAGR of 6.5% during the forecast period (2021 - 2030).

Segmentation
By Manufacturing Process Pre-Tensioning
By Concrete Wires Above 7 Wires Up to 3 Wires 7 Wires
By Product Uncoated PC Strand Galvanized PC Strand
By Application Poles and Beams Hardstands and Pavements Pipes Tanks others
Key Players
Companies Profiled   Skanska (Sweden)    HeidelbergCement (Germany)    L&T Construction (India)   Taiheiyo Cement Corporation (Japan)    Coreslab Structures (US)    Coltman Precast Concrete Limited (UK)    Tindall Corporation (US)    Molin Concrete Products Company (US)
Drivers
Market Driving Forces   Reliable kinds of concrete
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Prestressed Concrete Market Overview


Global Prestressed Concrete Market is expected to reach a market size of USD 176 billion by 2030 and expand at 6.5% CAGR during the forecast period. These concrete constructions are durable and sturdy. It is a type of concrete that offer break free constructions. Temperature or shrinkage effects are less on the prestressed concrete. The technique of prestressing technique is important to increase the strength of the concrete. The use of this concrete is prevalent for tanks, poles, beams, pavements and more.


 The growth of the prestressed is substantial in the forecast period. There are a few factors that drive the overall demand of the market. Urbanisation is an important driver of the market. Due to urbanization, the growth of construction is higher. Commercial and residential buildings have more growth. It is leading to more use of the prestressed concrete. Further, many governments promote such modern constructions. There are real estate and infrastructure policies that promote such concrete.


The need for strong constructions is growing. These constructions last long and remain break free. Due to these reasons, the use of the prestressed concrete method is prevalent in many regions. The constructions of mega buildings and bridges are some of the reasons that contribute to the growth of this market. In the forecast period, these are the factor that will immensely raise market value. 


Segmentation


Global Prestressed Concrete Market is segmented based on manufacturing process, concrete wires, product, application, and end-use industry. Based on manufacturing process, the global prestressed concrete market is divided into pre-tensioning and post-tensioning. The post-tensioning segment is dominating the market, as it is extensively used in the construction of structural beams and poles, bridge deck panels, and roof slabs, among others.


Based on concrete wires, the global prestressed concrete market is segmented into 4–7 wires, up to 3 wires, and above 7 wires. The above 7 wires segment is expected to dominate the market as it is preferred by construction companies owing to its higher strength and good chemical stability.


Based on product, the global prestressed concrete market is segmented into uncoated PC strand, galvanized PC strand, and epoxy coated PC strand. The uncoated PC strand segment is dominating the market as it has broad applications in tunnels, construction buildings, and railways.


Based on application, the global prestressed concrete market is segmented into poles and beams, hardstands and pavements, pipes, tanks, and others. The poles and beams segment is dominating the market owing to its wide application in the construction of railways and bridges.


Based on end-use industry, the global prestressed concrete market is segmented into construction & infrastructure, manufacturing industry, railroad industry, oil & gas industry, and others. The construction & infrastructure segment is expected to dominate the market, is widely used in applications such as high-rise buildings, residential slabs, foundations, bridges and dams, silos and nuclear containment structures, poles, walls, and columns.


Key Competitors


The Key Players of 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), and The Prestressed Group (Canada).


Regional Analysis


Region-specific analysis of the prestressed concrete market spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.


Global Prestressed Concrete Market, by Region, 2019  Prestressed Concrete Market


Source: MRFR Analysis


Asia-Pacific is anticipated to lead the prestressed concrete market during the study period, followed by Europe, owing to increased growth in the construction industry and the improvement in the financial conditions in the region.


According to Concrete Asia, the ASEAN countries are expected to increase their budgets for residential, industrial, and infrastructural projects in the next five years. Rapid urbanization and increased investments in real estate, government spending, and consumer spending have set ASEAN economies on the track to double in the next 10–15 years, which will drive the demand for prestressed concrete in the region.


Synopsis


Global Prestressed Concrete Market has been segmented based on manufacturing process, concrete wires, product, application and end-use industry, and region.


Based on manufacturing process, the global market is divided into post-tensioning and pre-tensioning. The post-tensioning segment is expected to dominate the prestressed concrete market due to its wide application in the construction of structural beams and poles, bridge deck panels, and roof slabs, among others.Recent Development


January 2018 


American Concrete products are a company that is expanding its production facility. This facility is widely expanding in Kansas. It is a company that is an expert in-wall products, culverts and sanitary structures. The customer demand for this utility is growing. The supply of the market is expected to grow widely.  


May 2019 


Taiheiyo Cement Corporation is developing its AI technology. This technology can predict concrete slumps. The prediction of the slump will start to form in the cement mixing process. The manufacturing process of the market will grow widely. All these factors will increase the overall demand and supply of the market. 


Market Segmentation



  • By Manufacturing Process– Post-Tensioning and Pre-Tensioning



  • By Concrete Wires– 4–7 Wires, Up to 3 Wires, and Above 7 Wires



  • By Product– Uncoated PC Strand, Galvanized PC Strand, And Epoxy Coated PC Strand



  • By Application– Poles and Beams, Hardstands and Pavements, Pipes, Tanks, and Others



  • By End-Use Industry- Construction & Infrastructure, Manufacturing, Railroad, Oil & Gas, and Others.


Key Questions Addressed by the Report



  • What was the historic market size (2020)?

  • Which segmentation (manufacturing process/application) is driving the market?

  • What will be the growth rate by 2030?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:

Report Attribute/Metric Details
聽聽Market Size 路聽 2030: USD 176 billion
聽聽CAGR 聽聽6.5% CAGR (2022-2030)
聽聽Base Year 聽聽2021
聽聽Forecast Period 聽聽聽2022聽to聽2030
聽聽Historical Data 聽聽2019聽&聽2020
聽聽Forecast Units 聽聽Value (USD Million)
聽聽Report Coverage 聽聽Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
聽聽Segments Covered 聽聽by Technology, by Application, by Material
聽聽Geographies Covered 聽聽North America, Europe, Asia-Pacific, and Rest of the World (RoW)
聽聽Key Vendors 聽聽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), and The Prestressed Group (Canada)
聽聽Key Market Opportunities 路聽 Rapid urbanization 路聽 Unprecedented growth in the construction sector 路聽 Increase in focus on innovation in green construction materials
聽聽Key Market Drivers 路聽 Most durable 路聽 Reliable kinds of concrete 路聽 Used for the construction of mega buildings


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Frequently Asked Questions (FAQ) :

Prestressed Concrete Market valuation would be USD 176 billion by 2030.

Prestressed Concrete Market CAGR would be 6.5% during the forecast period.

The APAC region would lead Prestressed Concrete Market.

Lack of skilled hands and regulations can adversely impact Prestressed Concrete Market.

Emerging economies would be an opportunity for companies to explore Prestressed Concrete Market.