Concrete Admixtures Market worth $24.0 billion by 2024 | #concrete Admixtures Market # Concrete Admixtures
The global precast concrete market size is projected to grow from USD 144.6 billion in 2022 to USD 198.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 6.6% during the forecast year. Precast concrete refers to the construction products produced at place away from the construction site in reusable molds. These construction products are transported to the construction site and assembled. The major advantages of precast conrete are speed of construction, quality, and reduced overall manufacturing cost.
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The precast concrete market has thousands of companies which thrive in their domestic market. A few of the major players are, Cemex S.A.B de C.V. (Mexico), Boral Limited (Australia), LafargeHolcim Ltd. (Switzerland), Balfour Beatty plc (UK), CRH Plc (UK), Skanska AB (Sweden), Forterra, Inc. (US), DeVinci Precast (US), Atco Concrete Products N.V. (Netherlands), Beaver Gulf Precast Concrete (Dubai), and among others. These players have adopted various growth strategies, such as acquisitions, expansions, contracts, agreements, partnerships, and new product developments, to increase their market shares and enhance their product portfolios.
Collaboration, acquisition, and joint venture accounted for the largest share of all the strategic developments that took place in the precast concrete market between 2018 and 2022. Key players such as Cemex S.A.B de C.V. (Mexico), Boral Limited (Australia), LafargeHolcim Ltd (Switzerland), Balfour Beatty plc (UK), CRH Plc (UK), and Skanska AB (Sweden), adopted the these strategy to enhance their business, market presence, to develop new products and meet consumer demand.
Balfour Beatty Plc is an international infrastructure and construction services company. It engages in financing, developing, building, and maintaining infrastructures such as transportation, water, power and utility systems, and social and commercial buildings. It also offers services such as fit-out transmission lines, road management and maintenance, utility upgrade and maintenance, and professional and technical services. Balfour Beatty serves the transportation, social infrastructure, commercial, and utilities industries. The company operates in the UK, the US, China, Hong Kong, Japan, Singapore, and Canada, as well as in parts of Southeast Asia.
Boral is an international building product and construction material company. It operates through three divisions, Boral Australia, USG Boral, and Boral North America. The company offers a range of precast concrete products for its customers across residential and non-residential sector. The company’s wide product portfolio includes blocks, asphalts, bricks, concretes, cementitious materials, plasterboards, pavers & retaining walls, quarry materials, timbers, and roof tiles. Boral’s products are used for renovation, structural, and commercial markets worldwide.
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There are thousands of companies in the precast concrete market that thrive in their home market. Cemex S.A.B de C.V. (Mexico), Boral Limited (Australia), LafargeHolcim Ltd. (Switzerland), Balfour Beatty plc (UK), CRH Plc (UK), Skanska AB (Sweden), Forterra, Inc. (US), DeVinci Precast (US), Atco Concrete Products N.V. (Netherlands), Beaver Gulf Precast Concrete (Dubai), and others are among the major players. To increase their market shares and product portfolios, these players have used various growth strategies such as acquisitions, expansions, contracts, agreements, partnerships, and new product development.
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The report "Biological Wastewater Treatment Market by Process (Aerobic, Anaerobic), End-Use Industry (Municipal, Industrial (Pulp & Paper, Meat & Poultry, Chemicals, Pharmaceuticals, Others)), and Region (NA, Europe, APAC, MEA, and SA) - Global Forecast to 2025" The biological wastewater treatment market size is estimated to be USD 8.7 billion in 2020 and projected to reach USD 11.1 billion by 2025, at a CAGR of 5.1% from 2020 to 2025. Rapidly growing population and industrialization, aging infrastructure, water scarcity, and stringent regulations regarding the disposal of wastewater into the environment or for reuse are factors expected to drive the growth of the market during the forecast period.
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Browse 53 market data Tables and 36 Figures spread through 130 Pages and in-depth TOC on "Biological Wastewater Treatment Market by Process (Aerobic, Anaerobic), End-Use Industry (Municipal, Industrial (Pulp & Paper, Meat & Poultry, Chemicals, Pharmaceuticals, Others)), and Region (NA, Europe, APAC, MEA, and SA) - Global Forecast to 2025"
The aerobic segment is projected to lead the biological wastewater treatment market during the forecast period
Based on process, the biological wastewater treatment market is segmented into aerobic and anaerobic. The aerobic segment accounted for a larger share of the biological wastewater treatment market in 2019, owing to its efficiency in processing, simple design, and low capital cost.
The anaerobic segment is expected to grow at a higher CAGR during the forecast period, owing to its low production of sludge, low consumption of energy, and production of byproducts such as methane gas after treatment
The industrial segment is projected to be a major consumer of the biological wastewater treatment during the forecast period
Based on end-use industry, the global biological wastewater treatment market is segmented into municipal and industrial. The industrial segment includes pulp & paper, meat & poultry, chemicals, pharmaceuticals, and others. The industrial segment accounted for the largest share, owing to stringent regulations and high biological oxygen demand (BOD) requirements in industrial wastewater treatment. The municipal segment is expected to grow at the highest CAGR during the forecast period.
North America is projected to be the largest consumer of biological wastewater treatment during the forecast period
Based on region, the biological wastewater treatment market is segmented into Asia Pacific, the Middle East & Africa, North America, Europe, and South America. Among these, North America accounted for the largest share of the market in 2019. This large share can be attributed to the aging infrastructure, stringent regulations, economic development, and increasing consumption of water from industries. The presence of major biological wastewater treatment system manufacturers in North America such as Evoqua Water Technologies LLC (US), Aquatech International (US), and Xylem Inc. (US) gives a competitive edge to the region over others. The market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. Drivers for the growth of the biological wastewater treatment market include a rapidly increasing population, industrialization, and urbanization.
Key players in the biological wastewater treatment market are Veolia (France), Suez Water Technologies & Solutions (France), Evoqua Water Technologies LLC (US), Aquatech International (US), and Xylem Inc. (US).
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