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Pervious Pavement Market Analysis | 2023-2028
Pervious Pavement Market Size, Share, Trend, Forecast & Industry Analysis: 2023-2028
“The Pervious Pavement Market was estimated at US$ 13.7 billion in 2022 and is expected to grow at a CAGR of 5.6% during 2023-2028 to reach US$ 19.06 billion by 2028.”
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Pervious pavement (also known as permeable pavement or porous concrete) is a special type of pavement that has high porosity to allow rainwater to pass through it into the ground. It is made up of either pervious asphalt or pervious concrete and is thicker than traditional concrete to support the same load. It has the most common applications in residential roads & driveways, sidewalks, parking lots, low-water bridges, walls, well linings, and swimming pool decks.
The prime factors contributing to the demand for pervious pavements are the gradual adoption of cost-efficient and eco-friendly materials with rising urbanization, increased investment in the industrial and infrastructure sectors, and the growing construction industry, especially in developing countries.
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“Pervious concrete segment dominates the market during the forecast period.”
The market is segmented into pervious concrete, porous asphalt, and interlocking concrete pavers. Pervious concrete dominated the market and is expected to remain dominant during the forecast period due to its superior permeability to surface water with minimal cost in the construction industry.
“Hardscape segment dominates the market during the forecast period.”
The pervious pavement market is segmented as hardscape, floors, and others. Hardscape is expected to dominate the market during the forecast period owing to surging investments from public and private sectors in infrastructure development and increased interest of contractors in using individual previous modules in residential and non-residential constructions.
“Europe is estimated to remain the largest market during the forecast period.”
Due to the installation of permeable pavements in higher quantities in parking lots and commercial areas with light traffic loads. However, North America is expected to register the highest CAGR during the forecast period with increasing investment in building, construction, and infrastructural activities.
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The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc.
The following are the key players in the pervious pavement market (arranged alphabetically).
Note: The above list does not necessarily include all the top players in the market.
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Global, regional, and country-level historical data and forecasts |
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Pervious pavement (also known as permeable pavement or porous concrete) is a special type of pavement that has high porosity to allow rainwater to pass through it into the ground. It is made up of either pervious asphalt or pervious concrete and is thicker than traditional concrete to support the same load. It has the most common applications in residential roads & driveways, sidewalks, parking lots, low-water bridges, walls, well linings, and swimming pool decks.
The Pervious Pavement Market is expected to grow at a CAGR of 5.6% during 2023-2028.
Balfour Beatty PLC, BASF SE, Boral Limited, Cemex S.A.B. De C.V., Chaney Enterprises, CRH PLC, LafargeHolcim Ltd., Raffin Construction Co., Sika AG, Ultratech Cement Limited, and others are among the key players in the pervious pavement market.
The Pervious Pavement Market is expected to reach US$ 19.06 billion by 2028.
Hardscape is expected to remain dominant in the pervious pavement market during the next five years.
Europe is expected to remain the largest pervious pavement market during the next five years.
Pervious concrete is expected to remain dominant in the pervious pavement market in the coming years.
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