Prestressed concrete is a form of concrete which is compressed during fabrication to enhance its strength. They are mostly manufactured from aramid fiber, carbon fiber, and high-tensile steels. As per the study by Market Research Future (MRFR), the global prestressed concrete market is expected to expand in size at 6.32% CAGR from 2016 to 2023 (forecast period).
Market Prospects
The global prestressed concrete market is driven by a rise in construction activities and infrastructural projects. Rampant urbanization coupled with increased renovation/remodeling projects is expected to spur market growth. Furthermore, development of advanced materials is likely to widen the scope of the market in the forthcoming years. Low wire prices and high utilization of the material can work favorably in the market’s favor.
Development of multistoried buildings due to emphasis on vertical construction is expected to drive the market demand. Heavy investments in the real estate sector coupled with encouraging policies for supporting the growth of the construction sector can augur well for the market till 2023.
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Segmentation
The prestressed concrete market is segmented by manufacturing process, product, and application.
By manufacturing process, it is segmented pre-tensioning and post-tensioning. The post-tensioning segment is expected to gain a significant market share due to the increase in prefabricated building construction. This is exemplified by the accelerated construction of Mini Sky City, a 57 storey building in China finished in 19 days.
By product, it is segmented into manual and automated.
By application, it is segmented into commercial, industrial, and residential. Residential and commercial segments are predicted to display a modest growth rate due to influx of capital in the region of Asia Pacific.
Regional Analysis
Asia Pacific (APAC) is touted to be the dominating region due to heavy investment of capital in infrastructural projects. The uptick in remodeling projects is likely to induce demand in the prestressed concrete market. Developing economies of India and China are developing information technology parks and specially commissioned zones for attracting foreign investment which can bode well for the market.
North America is expected to showcase a steady growth rate due to expansion plans of hospital chains. This is evident with the staggering 1,340 projects in the healthcare sector in the planning or implementation stage. Investment in the real estate sector is likely to benefit the prestressed concrete market due to efforts to modernized legacy infrastructure. Strict adherence to guidelines outlined by the U.S. Environmental Protection Agency (EPA) for limiting particulate emissions in iron and steel mills can play a vital role in the market.
Europe is predicted to exhibit a modest growth rate due to development of various bridges. In addition, the leaning towards renewable energy sources is likely to push the demand for pre-assembled components. Recently, Structural Research, S. L., has developed cranes made from prestressed concrete which can be used in expediting the pace of high-rise buildings.
Within Rest-of-the-World (RoW), Qatar, United Arab Emirates (UAE), and Saudi Arabia can trigger the demand for prestressed concrete owing to goals set by respective countries for accelerating the construction rate of buildings. Dubai, in particular, is expected to need the product to reach the goal of the Dubai 2020 program.
Competitive Landscape
Key market players include US Concrete Products Corporation, Coastal Precast, Oldcastle Precast, Elematic Precast Technology, Bekaert, Eco Chimneys Private Limited, Insteel Engineers, and Vollert Anlagenbau GmbH.
Industry News
May 2018 – Offsite construction has gained prominence for ample housing solutions. The components can be assembled together at a varied location which can save operational and production costs. Techcrete, an Ireland based company, has relied on prestressed concrete for assembly of structures. It has eased the complexity of the processes and facilitated the development of public buildings, retail outlets, data centers, and pharmaceutical units.
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Global Prestressed Concrete Market Research Report: Information by Manufacturing Process (Pre-Tensioning and Pre-Tensioning), Concrete Wires (Above 7 Wires, Up to 3 Wires and 4–7 Wires), Product (Uncoated PC Strand and Galvanized PC Strand), Application (Poles and Beams, Hardstands and Pavements, Pipes, Tanks and others), End-Use Industry (Construction & Infrastructure, Railroad Industry, Oil & Gas Industry, Manufacturing Industry and others) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast to 2025OverviewThe Global Prestressed Concrete Market is expected to gain an unprecedented value of USD 29,922.3 Million by 2025, with 5.70% CAGR during the forecast period (2019–2025).
Market Research Future (MRFR) in their report envelops segmentations and drivers for a better glimpse of the market in the coming years.
Prestressed concrete is a form of concrete used in construction.
Prestressed concrete is used in various end-use industries such as construction and infrastructure, manufacturing, railroad, oil & gas, and others.Competitive AnalysisProminent players profiled in the global prestressed concrete market are Skanska (Sweden), HeidelbergCement (Germany), L Construction (India), and Taiheiyo Cement Corporation (Japan).
Coreslab Structures (US), Coltman Precast Concrete Limited (UK), Tindall Corporation (US), Molin Concrete Products Company (US), American Concrete Products (US), The Prestressed Group (Canada) are some of the other key players operating in the global prestressed concrete market.
Segmental AnalysisThe Global Prestressed Concrete Market is segmented based on manufacturing process, concrete wires, product, application, and end-use industry.Based on the manufacturing process, the post-tensioning segment is expected to dominate the market as it is mostly used in constructing structural beams and poles, bridge deck panels, and roof slabs, among others.Based on concrete wires, the above 7 wires segment is expected to dominate the market as it is widely used in the construction of bridges, high-rise buildings, and structural beams, among others.On the basis of product, the uncoated PC strand segment is expected to dominate the market owing to its cost-effectiveness and broad applications in tunnels, construction buildings, and railways in the product segment.On the basis of application, the poles & beams segment is expected to dominate the market owing to its wide application in the construction of railways and bridges.Regional AnalysisGeographic analysis of the global prestressed concrete industry spans across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.In 2018, Asia-Pacific was the leading market with a market valuation of USD 9,491.9 million.
Abstract:This report studies the global Unbonded Prestressed Concrete Strand market status and forecast, categorizes the global Unbonded Prestressed Concrete Strand market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/30153/global-unbonded-prestressed-concrete-str-2018-942 The major manufacturers covered in this Unbonded Prestressed Concrete Strand market report WISCO GroupHEBEI LONGSHENGBekaertKISWIRE LTDTianjin DAXIONG PrestressedGeographically, this Unbonded Prestressed Concrete Strand market report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanSoutheast AsiaIndiaWe can also provide the customized separate regional or country-level reports, for the following regions: North AmericaUnited StatesCanadaMexicoAsia-PacificChinaIndiaJapanSouth KoreaAustraliaIndonesiaSingaporeRest of Asia-PacificEuropeGermanyFranceUKItalySpainRussiaRest of EuropeCentral & South AmericaBrazilArgentinaRest of South AmericaMiddle East & AfricaSaudi ArabiaTurkeyRest of Middle East & AfricaOn the basis of product, this Unbonded Prestressed Concrete Strand market report displays the production, revenue, price, market share and growth rate of each type, primarily split into Galvanized Steel StrandEpoxy Coated Steel StrandAluminum Clad Steel StrandView the Complete Report @ https://www.24chemicalresearch.com/reports/30153/global-unbonded-prestressed-concrete-str-2018-942 On the basis of the end users/applications, this Unbonded Prestressed Concrete Strand market report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, includingArchitectureBridgeOthersThe study objectives of this Unbonded Prestressed Concrete Strand market report are: To analyze and study the global Unbonded Prestressed Concrete Strand capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);Focuses on the key Unbonded Prestressed Concrete Strand manufacturers, to study the capacity, production, value, market share and development plans in future.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the marketTo analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the marketTo strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Unbonded Prestressed Concrete Strand are as follows: History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders Unbonded Prestressed Concrete Strand ManufacturersUnbonded Prestressed Concrete Strand Distributors/Traders/WholesalersUnbonded Prestressed Concrete Strand Subcomponent ManufacturersIndustry AssociationDownstream Vendors Available CustomizationsWith the given market data, We offers customizations according to the company's specific needs.
The following customization options are available for the report: Regional and country-level analysis of the Unbonded Prestressed Concrete Strand market, by end-use.Detailed analysis and profiles of additional market players.
