Precast means construction of a product by casting concrete and other construction material in a reusable mold and curing it under a controlled environment. It is then transported to the construction site and lifted into a place. Precast concrete provides plenty of potential advantages for onsite casting. The improvement in precast technology for the production of precast concrete is safe because the process is performed on the ground level. The material quality and workmanship are under great control in precast over onsite casting. They can be reused hundreds to thousands of times before they can be replaced, which make them cost-efficient. The fact that more and more construction industries prefer to use precast concrete over onsite concrete will see this market grow in upcoming forecast years 2018-2023.
The Global Precast Market has been analyzed with respect to different parameters such as demand, supply, end-users, and value chain of companies and manufacturers of precast concrete. The precast market is categorized based on the type of products produced, types of construction and end-users of the industry. On the basis of the type of products outlook the precast construction market is segmented into facades, floors, partition & internal walls, foundation, frames, and others. Precast concrete products are used in a number of applications ranging from parking structures to the structural engineering framework of commercial buildings.
The overall market analysis is also presented from the perspective of different geographic regions and key countries in each region. The Asia Pacific was the dominant region in the market in the year 2017. This is due to rapid growth of urban population is a major leading edge, which will transfigure the construction industry in the developing nations. The Precast market is predominant by many players ranging from raw material suppliers to fabricators who come up with their own product line.
Sample Companies acquired shares in this report are:
- Oldcastle Precast Inc.
- China National Building Materials Co.
Lafarge SA and Cemex Inc. through its broad range of products, product expansion, and innovation have been successful in catering to a variety of customers, consequently maintaining their market hold in their respective regions.