Road infrastructure is said to be one of the foundations of any economy’s development. An insurmountable number of economic activities depend on the availability of a robust road network. Such influence has led many countries across the globe to actively invest in the development of road infrastructure. This has consequently created a substantial opportunity in the global paving materials market. Paving materials can be divided into composite and quarried. Of late, composite paving materials have covered a large proportion of the global paving materials market owing to their versatility and numerous use cases. Stakeholders are also using precast and ready-mix concrete to carry out the construction of residential buildings. The accelerating demand for a robust road network and a flourishing construction sector are expected to propel the global paving materials market to maturity.
Proliferating Demand for Road Infrastructure to Create New Business Opportunities
Rapid urbanisation, lucrative economic activities, and a flourishing residential sector are creating the demand for sound road infrastructure in various emerging and developed economies. Besides, vehicle ownership has also considerably increased over the past few years. Such developments are set to fuel the global paving materials market expansion in the foreseeable future. Notably, the exponential increase in the number of vehicles running on roads is also surging the number of road accidents. According to the WHO, road accidents result in approximately 1.3 million fatalities annually. As a result, market entities are rapidly adopting smart highways to tackle this challenge, subsequently driving the demand for paving materials in the forecast period.
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Growing Demand for Concrete Materials Creates Headways for Paving Materials Market Expansion
Governments are channelling significant funds towards infrastructure development, rebuilding, and repairs of roads and bridges. Precast material and ready-mix concrete are predominantly used in the construction of low- and mid-rise apartment buildings. These materials are highly resistant to fire and provide better control for individual units of the building. Moreover, these materials are more affordable and aid in reducing the possibility of material wastage. They also help to save time in manufacturing, shipment, and installation. These benefits are poised to tremendously increase the demand for precast and ready-mix materials during the assessment period. In the coming years, new construction projects such as shopping malls, airports, railway stations, and metro infrastructure are also expected to create a favourable business environment for the global paving materials market.
Soaring Residential Projects to Spur Exponential Growth Across Asia Pacific
As the Asia Pacific continues to witness growth in its population, the demand for well-developed residential infrastructure has risen significantly. This upsurge in demand is mainly accredited to the rise in disposable income and rapid urbanization. The positive demand for affordable housing has led both public and private sectors to capitalize on this opportunity. Such business-friendly trends across the APAC, specifically in India, China, and Indonesia, are creating headways for new residential projects. This has set the stage for the sound expansion of APAC’s paving materials market.
Prominent Market Players
Some of the key market players operating in the global paving materials market include Nichireki Co., Ltd., CRH, Coco Group, Brampton Brick, The Miller Group, Unique Paving Materials Corporation, Boral, Basalite Concrete Products, Beaver Valley Stone Ltd, Shikoku Chemicals Corporation, Techo-Bloc Inc., Mino Ceramic Co., Ltd., Belgard, Lafarge, and Cemex.
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Paving and landscaping experts in Melbourne!
When it comes to paving, we have an extensive range of possibilities on offer.
We also specialise in paving features and decorative paving.
One of the well-known tiles in the construction industry these days is a Somany tile.
So what are ceramic tile?Somany tile (also called semi-Somany tiles) are paving materials with particular structure, high strength and durability, and good waterproofing.
Ceramic tiles have a special design for making pretty tiles, creating accents for space.What is the sonata and manufacturing procedure of ceramic floor tiles?Somany tile are made from the leading raw materials of stone powder (70%), sophisticated white clay (about 30%), and a small number of additives.
The aggregates are thinly ground, colored, dried to a powder, and shaped on the press.
All the tiles are a block of the similar material, so the surface color with the color of the skeleton is the similar, creating a high aesthetic.
As the composition is mainly stone powder, the tile' body structure is extremely solid, with few holes.
