Prestressed Concrete Market Research Report - Global Forecast till 2027

Prestressed Concrete Market Research Report: Information by Manufacturing Process (Pre-Tensioning and Pre-Tensioning), Concrete Wires (Above 7 Wires, Up to 3 Wires and 4–7 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 2027

ID: MRFR/CO/6037-CR | November 2019 | Region: Global | 328 pages

 Prestressed Concrete Market Overview


Global Prestressed Concrete Market is expected to reach a market size of USD 28.3 Million by 2026 and expand at 4.30% CAGR during the forecast period.  


Prestressed concrete is a form of concrete used in construction. It is durable, reliable, and strong. This type of concrete helps construct crack-free structural elements and tackle shrinkage and temperature effects. It is widely used in applications such as poles and beams, pipes, tanks, hardstands and pavements, and others. The global prestressed concrete market is expected to witness substantial growth during the forecast period. The demand for prestressed concrete is expected to be driven by the growth of construction industry and growing urbanization. Governments across all regions are focused on promoting infrastructure development, especially in developing nations, which leads to various reforms and regulations regarding real estate and infrastructure. Prestressed concrete is one of the most durable and reliable kinds of concrete, which is extensively used for the construction of mega buildings and bridges. Moreover, rapid urbanization affects the increased demand for housing, jobs, transportation, and infrastructure. Such factors drive the market for prestressed concrete.


However, the lack of skilled labor because of the migration of skilled workers, an aging workforce, and the lack of training may hamper the growth of the global prestressed concrete market.


Moreover, the scope for growth in emerging economies due to the various number of construction projects set to go underway is expected to be an opportunity for the players in the global prestressed concrete market during the forecast period.


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.



  • In January 2018, American Concrete Products Co. expanded its production facility in Kansas that specializes in storm and sanitary structures, box culverts, and precast wall products. This enabled it to fulfill its customers demand in the utility industry.



  • In May 2019, Taiheiyo Cement Corporation developed an AI Technology for predicting concrete slump. It will instantly predict slump from images of mixing inside the mixers during the concrete manufacturing process. 


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 (2019)?

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

  • What will be the growth rate by 2026?

  • How are the key players in this market?

  • What are the strategies adopted by key players?



Report Scope:
Report Attribute/Metric Details
  Market Size   2026: USD 28.3 Million
  CAGR   4.30% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Technology, by Application, by Material
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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)
  Key Market Opportunities

  • Rapid urbanization
  • Unprecedented growth in the construction sector
  • Increase in focus on innovation in green construction materials
  •   Key Market Drivers

  • Most durable
  • Reliable kinds of concrete
  • Used for the construction of mega buildings


  • Frequently Asked Questions (FAQ) :


    Prestressed Concrete Market valuation would be USD 29922.3 million by 2025.

    Prestressed Concrete Market CAGR would be 5.7% 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.