Title: Selena_Foz (1)
1Pervious Pavement Market To Reach USD 23.15
Billion By 2026
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2 Market Summary
The increasing construction activities across the
globe, coupled with the rising population and
changing lifestyles are propelling the growth of
the market. Market Size USD 15.23 Billion in
2018, Market Growth - CAGR of 5.3, Market Trends
The booming infrastructure industry. The
global pervious pavement market is forecast to
reach USD 23.15 Billion by 2026, according to a
new report by Reports and Data. The increasing
construction activities across the globe, coupled
with the rising population and changing
lifestyles are propelling the growth of the
market. Rapid urbanization will also drive the
demand for pervious pavement during the forecast
period.
3 Our Approach
Market Summary
- Previous pavement does not require expensive
specialty equipment. The grids used are
pallet-sized and light in weight, making it easy
to cover large areas in a short time. Due to the
strength of these grids, the floors have the
capability to withstand heavy equipment and
loads. The pavements can withstand heavy
equipment such as wheel backhoes, loaders,
forklifts, dump trucks, and 18-wheelers easily,
owing to its surface joints, which make it
flexible. Permeable pavements do not break due to
expansion and contraction, and it is less likely
to be damaged and form potholes. These pavement
grids are made from environment-friendly recycled
materials, which reduces the amount of waste in
the system. They also reduce the energy required
to acquire new materials. They can even be
recycled at the end of their lifespan. - To identify the key trends in the industry, click
on the link below https//www.reportsanddata.com/
report-detail/pervious-pavement-market - Further key findings from the report suggest
- Among the material types, the pervious concrete
accounts for the largest market share of 35 in
the year 2018 and is forecasted to grow further
with the highest rate of 5.9 during the forecast
period. Pervious concrete provides high porosity,
which makes it suitable for various concrete
flatwork purposes. Pervious concrete is one of
the most sustainable and environment-friendly
construction elements. They decrease the overflow
of rainwater from the paved areas. Moreover, it
also reduces the operational costs and
infrastructure expenses, thus making it the most
economical choice of material for the
construction of pavements.
4 Our Approach
Market Summary
- Some applications of pervious concrete pavement
include light traffic areas, parking areas,
pedestrian walkways, greenhouses, residential
streets, and decks of tennis courts, swimming
pool, patios, drains. - The European region held the largest market share
of 30 in the year 2018 and is anticipated to
witness a CAGR of 4.6 during the forecast
period, owing to the regions rapid expenditure
in construction and infrastructure, particularly
in UK, Germany, and France. Moreover, the region
is more focused on research and development of
sustainable, energy-efficient, and
environmentally-friendly technologies in the
construction industry, which will escalate the
demand for pervious pavement throughout the
forecast period. - Key participants include BASF SE Balfour Beatty
PLC Cemex Boral Ltd. Chaney Enterprises Cemex
S.A.B. de C.V. LafargeHolcim Ltd. CRH PLC
UltraTech Cement Ltd., and Raffin Construction
Company Sika AG among others. - The companies have adopted various strategies,
including mergers, acquisitions, and partnerships
to hold ongoing trails and come up with new
developments in the market.
5 Our Approach
Market Summary
- Product Type Outlook (Volume, Kilo Tons and
Revenue, USD Million 2016-2026) - Hydrological
- Structural
- Material type Outlook (Volume, Kilo Tons and
Revenue, USD Million 2016-2026) - Pervious Concrete
- Permeable Interlocking Concrete Pavers (PICP)
- Porous Asphalt
- Others
- End-Use Outlook (Volume, Kilo Tons and Revenue,
USD Million 2016-2026) - Floors
- Hardscape
- Others
- Others
6 Our Approach
Market Summary
- Regional Outlook (Volume, Kilo Tons and Revenue,
USD Million 2016-2026) - North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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Our Approach
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