Current Business Affairs Global Precast Concrete Market 2018

Global Precast Concrete Market Trends, Analysis, and Forecast To 2025
Market Definition:
Precast Concrete is referred as the construction material prepared by pouring concrete in a pre-made mold over rebar
or wire and cured offsite in a controlled area at the plant. The performed concrete products are shipped to the job site
after hardening and are assembled into the desired structure. The precast concrete manufacturing plants are needed to
be certified from architectural associations and government agencies.
Major Key Players:
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ABM Construction
Boral Limited
Amcon Block & Precast Incorporate
Cemex S.A.B. de C.V
Oldcastle Precast
Metromont
Coreslab International
Coltman Precast Concrete
CRH plc
The market players are investing in research and development activities for the product diversification and innovation
which is further expected to drive the sales revenue and ensuring the competitive edge over other players in the market.
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Market Segmentation:
Rapid commercialization is also projected to fuel the sales of concrete products which include roofing tiles and building
boards, owing to the affordable price of products compared to other construction materials. Furthermore, increasing
globalization has also led to the development of infrastructure across the globe which has resulted in increased cost in
infrastructural development. This has further resulted in the improved sale of precast manufactured products for public
structures and transportation infrastructure.
Increasing investment in the infrastructure sector and growing popularity of offsite construction is anticipated to spur
the market for the product. Although, the global construction industry is expected to witness slow growth rate for
residential sector in developed economies which include Europe and North America.