According to a new report by Reports and Data, the global pervious pavement market is expected to reach USD 25.52 Billion by 2028. The growth of the market is being propelled by increasing construction activities, rising population, changing lifestyles, and rapid urbanization across the globe. Pervious pavement is cost-effective, requires less labor, and is made from recycled materials. It is also lightweight, flexible, and can withstand heavy equipment and loads, making it a popular choice for construction. Pervious concrete accounts for the largest market share, and it is expected to grow further during the forecast period due to its high porosity and sustainability. The European region holds the largest market share, owing to the region's expenditure in construction and infrastructure, particularly in the UK, Germany, and France. Some key players in the market include BASF SE, Balfour Beatty PLC, Cemex, and LafargeHolcim Ltd. The market has been segmented based on product type, material type, end-use, and region.
Get a sample copy of the Pervious Pavement market report: https://www.reportsanddata.com/download-free-sample/1956
Pervious Pavement Market: Drive Factors
The pervious pavement market is being driven by several factors. Firstly, the increasing construction activities across the globe, along with rising population and changing lifestyles, are contributing to the growth of the market. Additionally, rapid urbanization is driving the demand for pervious pavement.
Pervious pavement is also cost-effective and requires less labor, which is making it a popular choice in the construction industry. The grids used in pervious pavement are pallet-sized and lightweight, making it easy to cover large areas in a short time. The pavements are also made from environment-friendly recycled materials, reducing the amount of waste in the system and reducing the energy required to acquire new materials.
Furthermore, pervious pavement is flexible and can withstand heavy equipment and loads such as wheel backhoes, loaders, forklifts, dump trucks, and 18-wheelers. Its surface joints allow it to handle expansion and contraction without breaking or forming potholes. Pervious pavement also allows water to drain through the surface and into the ground, preventing flooding and enabling natural replenishment of aquifers in the area.
Overall, the cost-effectiveness, sustainability, and durability of pervious pavement, combined with the increasing demand for construction and infrastructure, are driving the growth of the pervious pavement market.
Pervious Pavement Market: Notable innovation
In the pervious pavement market, there have been notable innovations in the materials used for construction. For instance, some companies are now using recycled materials such as crushed glass, recycled concrete, and plastic to create the pervious pavement grids. These materials not only reduce waste but also reduce the cost of production. Additionally, some companies are developing new coatings that can be applied to the pavement to increase its durability and improve its performance. The coatings make the pavement more resistant to weather and wear, increasing its lifespan and reducing maintenance costs. Furthermore, some companies are incorporating new technologies, such as sensors and monitoring systems, to track the performance of the pavement over time and identify any areas that require maintenance or repairs. These innovations are expected to drive growth in the pervious pavement market in the coming years.
Explore Trending Reports:
Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1956
Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact:
John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs
Arabic
Français
Español
Português
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian