Jun 15,2021/IndustryNewsGlobal/ Theunexpected shifts in the global markets because of the sudden outbreak of theCOVID-19 virus have brought many major and minor tremors to industries of all sizes including the PerviousPavement Market.
Perviouspavement market is likely to witness a healthy CAGR of 5.3% during the forecastperiod. The prime factors contributing to the demand for pervious pavements are the gradual adoption of cost-efficient and eco-friendly materials with rising urbanization and increased investment in the industrial and infrastructure sectors, and growing construction industry, especially in developing countries.
Pervious pavement (also known as permeablepavement or porous concrete) is a special type of pavement that has highporosity to allow rainwater to pass through it into the ground. It is made up of either pervious asphalt or pervious concrete and is thicker than traditional concrete to support the same load. It has the most common applications in residential road & driveways, sidewalks, parking lots, low-water bridges, walls, well linings, and swimming pool decks.
This report studies the market covering a period of 12 years oftrend and forecast. The report provides detailed insights into the marketdynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the material type, the market issegmented as pervious concrete, porous asphalt, and interlocking concretepavers. Pervious concretedominated the market in 2019, and is expected to remain dominant during the forecast period due to its superiorpermeability to surface water with minimal cost in the construction industry.
Based on the application type, the perviouspavement market is segmented as hardscape, floors, and others. Hardscape is expected todominate the market during the forecast period owing to surginginvestments from public and private sectors in infrastructure development andincreased interest of contractors in using individual pervious module in residential and non-residential constructions.
In terms of regions, Europe is estimated toremain the largest market for pervious pavement during the forecastperiod due to installation of permeable pavements in higher quantity in parkinglots and commercial areas with light traffic loads. However, North America is expected to register the highest CAGR during the forecast period with increasing investment on building, construction, and infrastructural activities.
Key Players:
Some of the majorpervious pavement manufacturers are-
Balfour Beatty PLC
- BASF SE
- Boral Limited
- Cemex S.A.B. De C.V.
- Chaney Enterprises
- CRH PLC
- LafargeHolcim Ltd.
- Raffin Construction Co.
- Sika AG
- Ultratech Cement Limited
- others.
Features of the Report
Thisreport offers high-quality insights and is the outcome of detailed researchmethodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Pervious Pavement Market analysis report discusses the following heads in great detail:
- Market structure: Overview,industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environmentanalysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecastanalysis
- Market segment trend andforecast Competitive landscape anddynamics:
- Market share, product portfolio, product launches, etc.
- Attractive market segmentsand associated growth opportunities
- Emerging trends ·
- Strategic growthopportunities for the existing and new players
- Key success factors
Browse more links:
