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 2030

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 

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?