Market Size of Pervious Concrete Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Pervious Concrete Market Analysis
The Global Pervious Concrete Market is projected to register a CAGR of above 6% during the forecast period (2022-2027).
The market was negatively impacted by COVID-19 in 2020. The COVID-19 pandemic affected the pervious concrete market as the operations across production plants and construction sites came to a standstill with global lockdowns to stop the spread of the virus, and the production and consumption of pervious concrete fell significantly. There is also a change in priority to the health sector, sectors like road and building construction are on temporary hold. In the construction industry pervious cement is used for roadways and parking lots that capture stormwater and allow it to seep into the ground thus helping in recharging groundwater and reducing stormwater runoff. Apart from that, pervious concrete is most often used for roads with light traffic, pedestrian, and cycling path sand.
- Over the short term, rising construction projects and demand for eco-friendly and green, sustainable growth for construction materials such as pervious concrete and rising concern of recharging the ground water level by the government of different countries are some of the driving factors which are stimulating the market demand.
- Requirement of specialized design and construction practice is expected to hinder the market growth.
- Increasing green infrastructural projects for water management that protects, restores, or mimics the natural water cycle is likely to create opportunities for the market in the coming years.
- Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.
Pervious Concrete Industry Segmentation
Pervious Concrete is made from cement, coarse aggregate, water, admixtures, and other cementitious materials which are used to create a paste that forms a thick coating around aggregate particles. The lack of fine aggregates causes the pervious concrete to have a void structure, which allows liquids and air to be filtered and pass through the concrete into a sub-base or collection pond. The pervious concrete market is segmented by design, application, end-user industry, and geography. By design, the market is segmented into Hydrological and Structural. By application, the market is segmented into Hardscape, Floors, and Other Applications. By End-user Industry, the market is segmented into Residential Construction, Commercial Construction, and Infrastructure Construction. The report also covers the market size and forecast for the pervious concrete market in 15 countries across major regions. For each segment, the market sizing and forecast have been done on the basis of volume (kilo tons).
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Floors | |
Other Applications |
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Pervious Concrete Market Size Summary
The pervious concrete market is experiencing a resurgence as it aligns with the growing demand for sustainable construction materials. This eco-friendly alternative is increasingly utilized in infrastructure projects, particularly for roadways and parking lots, where it aids in stormwater management and groundwater recharge. The market's growth trajectory was initially hindered by the COVID-19 pandemic, which disrupted production and construction activities. However, the focus on green building practices and the need for water management solutions have reignited interest in pervious concrete. The material's ability to reduce site disturbance and pollution makes it a favorable choice for projects aimed at mimicking natural water cycles. Despite challenges such as the requirement for specialized design and construction practices, the market is poised for expansion, driven by rising construction activities and government initiatives promoting eco-friendly infrastructure.
The Asia-Pacific region is anticipated to lead the pervious concrete market, with China and India playing pivotal roles due to their robust construction industries and economic growth. China's position as a leading producer and exporter of construction materials, coupled with its significant construction output, underscores the region's dominance. Similarly, India's expansive road network and ongoing infrastructure projects contribute to the increasing demand for pervious concrete. The market is characterized by a partial fragmentation, with key players like BASF SE, Sika AG, and Cemex S.A.B. de C.V. driving innovation and development. As countries continue to prioritize sustainable construction practices, the pervious concrete market is expected to witness steady growth, supported by favorable government policies and a shift towards green infrastructure solutions.
Pervious Concrete Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 The Rising Construction Projects
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1.1.2 The Rising Concern of Recharging Groundwater
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1.2 Restraints
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1.2.1 Requirement of Specialized Design and Construction Practice
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1.3 Industry Value-Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Design
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2.1.1 Hydrological
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2.1.2 Structural
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2.2 Application
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2.2.1 Hardscape
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2.2.2 Floors
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2.2.3 Other Applications
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2.3 End-user Industry
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2.3.1 Residential Construction
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2.3.2 Commercial Construction
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2.3.3 Infrastructure Construction
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2.4 Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 Italy
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2.4.3.4 France
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2.4.3.5 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of South America
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2.4.5 Middle-East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 South Africa
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2.4.5.3 Rest of Middle-East and Africa
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Pervious Concrete Market Size FAQs
What is the current Pervious Concrete Market size?
The Pervious Concrete Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Pervious Concrete Market?
BASF SE , Sika AG , Cemex S.A.B. de C.V., Raffin Construction and A.G. Peltz Group, LLC are the major companies operating in the Pervious Concrete Market.