The "Pervious Pavement Market By Product Type, By Material Type, By End Use, And Segment Forecasts, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
Global Pervious Pavement Market is forecast to reach USD 24.37 Billion by 2027, from USD 16.03 Billion in 2019
The increasing construction activities across the world, coupled with the rising population and changing lifestyles, are propelling the market growth. Rapid urbanization will also drive the demand for pervious pavement during the forecast period.
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 and can even be recycled at the end of their lifespan.
Pervious pavement is less expensive and is much less labor-intensive. The materials used for filling can be easily obtained from local sources, thus limiting transportation costs. Moreover, the paving grids are made from lightweight plastic, reducing the shipping costs as well. These pavements can be used for temporary parking, and the fill material can be hauled away or reused elsewhere.
Temporary roads that protect the soil during construction or drilling operations can also be constructed. They allow any water that accumulates to drain through the surface and into the ground. This helps to prevent flooding and enables any aquifers in the area to replenish naturally.
Further key findings from the report suggest
Among the material types, the pervious concrete accounted for the largest market share of ~35% in the year 2018 and is projected 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 operational costs and infrastructure expenses, making it the most economical choice of material in the construction of pavements.
Some applications of pervious concrete pavement include light traffic areas, parking areas, pedestrian walkways, greenhouses, residential streets, decks of tennis courts, swimming pool, patios, and 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 region's rapid expenditure in construction and infrastructure, particularly in the U.K., Germany, and France. Moreover, the region is more focused on researching and developing 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.
Companies have adopted various strategies, including mergers, acquisitions, and partnerships, to hold ongoing trails and come up with new developments in the market.
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
Chapter 4. Pervious Pavement Market Segmentation & Impact Analysis
4.1. Pervious Pavement Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
184.108.40.206. Rapid growth of infrastructure and construction activities
220.127.116.11. Growing demand for flooring systems
18.104.22.168. Rising environmental concerns regarding energy efficiency
22.214.171.124. Rise in the level of disposable income in developing nations
126.96.36.199. Technological advancements in the construction sector
4.2.3. Market restraints analysis
188.8.131.52. Volatile cost of raw materials
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Pervious Pavement Market By Product Type Insights & Trends
5.1. Product Type dynamics & Market Share, 2019 & 2026
Chapter 6. Pervious Pavement Market By Material Type Insights & Trends
6.1. Material Type Dynamics & Market Share, 2019 & 2026
6.2. Porous Asphalt
6.3. Permeable Interlocking Concrete Pavers (PICP)
6.4. Pervious Concrete
Chapter 7. Pervious Pavement Market By End Use Insights & Trends
7.1. End Use Dynamics & Market Share, 2019 & 2026
Chapter 8. Pervious Pavement Market Regional Outlook
8.1. Pervious Pavement Market share by region, 2019 & 2026
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
Balfour Beatty PLC
Cemex S.A.B. de C.V.
UltraTech Cement Ltd.
Raffin Construction Company Sika AG
For more information about this report visit https://www.researchandmarkets.com/r/dbn1xj
View source version on businesswire.com: https://www.businesswire.com/news/home/20210119005483/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900