The research study conducted by Report Ocean on the “ Pervious Concrete Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Pervious Concrete Market is valued at approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than $$% over the forecast period 2022-2029. To decrease runoff from a site and allow groundwater recharge, pervious concrete is a special kind of concrete with a highly porous component, that is used for concrete flatwork purposes. Pervious concrete allows water from precipitation and other sources to pass through immediately. The Pervious Concrete market is expanding because of factors such as increasing construction projects and the rising concerns for recharging groundwater.
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According to IBEF, in 2019, the real estate industry in India generated sales of USD 1.72 billion, which is expected to go to USD 9.30 billion by 2040. Further, highway construction in India rose to 17.00% CAGR between FY16-FY21. Despite pandemic and lockdown, India has constructed 13,298 km of highways in FY21. However, higher requirements for specialized design may halt market growth. The market for Pervious Concrete may augment in the forecast period, owing to investments in the construction industry and technological advancements in the pervious concrete
The key regions considered for the Global Pervious Concrete Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the space in terms of revenue, owing to rising infrastructure projects. According to refinitiv, the total number of infrastructure projects in November 2020 were 202 units, which reached to 294 units, in November 2020. Whereas, North America is expected to grow significantly during the forecast period, owing to rapidly growing demand for recharging the groundwater and reducing the stormwater runoff.
Major market players included in this report are:
BASF SE
A.G. Peltz Group, LLC
Bay Area Pervious Concrete
Cemex S.A.B. de C.V.
Chaney Enterprises
Empire Blended Products, Inc.
Frank J. Fazzio & Sons Inc.
Fred Adams Paving
Pacific Pervious Concrete
Raffin Construction
Recent Developments in the Market:
In February 2018, BASF launched Master Builders Solutions: a completely new brand in the construction of roads, buildings and other commercial area and residential projects. Further, this brand also proposes various chemical solutions for new construction, maintenance, repair and renovation of buildings and infrastructure: concrete admixtures, cement additives, chemical solutions for quarrying and excavating, waterproofing, concrete protection and repair products, residues and high-performance flooring products.
In Sept 2019, GHMC launched the Model Pilot Project: Pervious Concrete. The project will aim to provide the environmentally friendly material which is principally used for the construction of infrastructural projects, in the forecast period. With this launch, the company will enhance its geographical presence in the long run.
Global Pervious Concrete Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Design, Application, End-User, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Design:
Hydrological
Structural
By Application:
Hardscape
Floors
Other applications
By End-User:
Residential Construction
Commercial Construction
Infrastructure Construction
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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