Albany, NY -- (SBWire) -- 06/03/2019 --Precast Concrete Market: Highlights

Precast Concrete is a process where concrete is casted in a reusable mold or 'form,' which is then cured in a controlled environment and is transported to the construction site for installation. There are different types of precast construction systems for architectural application purposes. They differ in size, function, and price. The usage of precast elements eliminates the need for conventional formworks. Precast elements also mitigate the amount of waste generated and check other environmental hazards. They further provide a safe working platform to workers. Precast products are manufactured in a casting area where critical factors, such as temperature, mix design, and stripping time, can be closely checked and controlled.

This ensures that the quality of precast products is better than that of cast-in-situ concrete products. Additionally, precast products help in saving a significant amount of money by eliminating rectification work. Furthermore, due to a factory-controlled environment, different combinations of colors and textures can be applied easily to architectural or structural pieces.

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Precast concrete is primarily used in the construction of buildings with repetitive designs and elements, such as schools and apartments. It provides architects with an exciting medium while designing facades for a wide range of buildings, such as health care facilities, commercial buildings, and stadiums.

Precast construction is a type of construction, wherein pre cast (any material that is in its final shape before being positioned at its original location) construction structures are used. Concrete, and steel in some cases, is generally used in precast construction. These structures are manufactured beforehand in a plant, which is located away from the actual construction site. These precast construction components are then transported and later assembled mechanically with the help of anchor bolts at the actual construction site. High early strength cement is cured with the help of steam curing and casts can be formed within a duration of 24 hours. Buildings can be constructed faster and at a much cheaper rates through precast construction. Components used for precast construction are generally standardized. This helps in providing better quality to structures as compared to site-cast concrete, as they are manufactured in a controlled condition. Precast construction components are more durable and hence can also be reused later. Controlled conditions while manufacturing precast allows better control of surface finishes. Compared to site-cast, precast construction components can be erected faster and are affected less by adverse weather conditions, making it comparatively safer.

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Precast components in construction are used for residential as well as nonresidential complexes. Among nonresidential complexes, these components are useful in the construction of stadiums, parking lots of shopping complexes, bridges, etc.
The use of precast construction components in the non-residential sector is expected to rise in the near future. The precast construction market is expected to expand at a rapid pace due to the increasing demand for new construction across the globe. During the recent times, there has been an increase in the investments in public and the private infrastructure sectors in major economies. This is expected to drive the market for precast construction in the next few years.
North America and Europe follow Asia Pacific in the precast construction market. The precast construction market in Asia Pacific has been expanding significantly due to the increase in construction activities in mature and developed countries such as China, Russia, Japan, India, and South Africa.

The global Precast Construction market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.
This report focuses on Precast Construction volume and value at global level, regional level and company level. From a global perspective, this report represents overall Precast Construction market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.

The following manufacturers are covered:
ACS Group
Bechtel
CSCEC
Larsen & Toubro (L&T)
VINCI
Balfour Beatty
Bouygues Construction
Daiwa House Group
Granite Construction
Kiewitas
Red Sea Housing
Skanska
TAISEI

Segment by Regions
North America
Europe
China
Japan

Segment by Type
Floors & roofs
Walls & barriers
Columns & beams
Utility vaults
Girders
Pipes
Paving slabs

Segment by Application
Non-residential
Residential

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