The Global Pervious Pavement Market is forecast to reach USD 25.52 Billion by 2028, according to a new report by Reports and Data. The increasing construction activities across the globe, coupled with the rising population and changing lifestyles are propelling the growth of the market. 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. They can even be recycled at the end of their lifespan.
Pervious pavement is less expensive and is much less labor-intensive. The fill materials can be obtained from local sources, reducing 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.
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Market Overview:
As a result of steady revenue growth over the past few years, the manufacturing and construction industry is expected to achieve a robust annual revenue growth rate between 2021 and 2028. In addition to the rapidly growing construction industry, rapid urbanization and industrialization, and technological advancements in manufacturing techniques, this can also be attributed to these factors. Green construction and energy efficient buildings have become increasingly popular in recent years as awareness of environmental impact and carbon emissions has increased. Over the forecast period, key factors are expected to boost global market growth, including the rapid growth of global populations, changing lifestyle preferences, the increasing demand for smart buildings, an increase in renovation and reconstruction activities, and an increase in eco-friendly construction activities. Other factors that will contribute to market growth in the future include an increase in disposable income, government schemes, and investments by private organizations.
Some of the Leading Market Players Are Listed Below:
- BASF SE,
- Balfour Beatty PLC,
- Cemex,
- Boral Ltd.,
- Chaney Enterprises,
- Cemex S.A.B. de C.V.,
- LafargeHolcim Ltd.,
- CRH PLC,
- UltraTech Cement Ltd.,
- Raffin Construction Company,
- Sika AG
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Market Segmentation:
By Product Type Outlook
- Hydrological
- Structural
By Material Type Outlook
- Pervious Concrete
- Permeable Interlocking Concrete Pavers (PICP)
- Porous Asphalt
- Others
By End-Use Outlook
- Floors
- Hardscape
- Others
The Global Pervious Pavement Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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