ID: MRFR/CO/6037-CR | 328 Pages | Published By Tejas Chaudhary on November 2019
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).
$176 Billion
6.5%
North America
2021 - 2030
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.
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.
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).
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
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.
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.
Key Questions Addressed by the Report
Report Attribute/Metric | Details |
Market Size | · 2030: USD 176 billion |
CAGR | 6.5% CAGR (2022-2030) |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Historical Data | 2019 & 2020 |
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 |
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.