Pervious Pavement: Market Introduction
Advancing construction and infrastructure industry to create mounting demand for pervious pavement in residential and non-residential buildings. Pervious pavements are installed on residential roads, sidewalks, parking lots, well linings, swimming pool decks and numerous other infrastructural platforms. Pervious pavements are used on highway roads for ensuring removal of water from highways during rainy season. Furthermore, pervious pavements are considered as environment friendly and supports green sustainable growth. In addition to this, pervious pavements also find their usage in managing runoffs as they allow water to filter through the surface and reach underlying soil allowing water to get absorbed by natural ground. Pervious pavements allow rooting spaces for trees depending on pavement size and shape. Pervious pavement support weight and traffic volume depending on their build quality and material combined while installation. However, pervious pavement surfaces face problem as sliding angle exceeds than 20 percentage. Cold climatic conditions also provides numerous challenges for pervious pavement surfaces snow plow blades are capable of catching block pervious pavement blocks and damage their surface. With numerous advantages over concrete road installation at lower surface areas market for pervious pavement are expected to grow with impressive growth rate during the forecast period (2020-2030).
Global Pervious Pavement Market is Experiencing Descending Demand as COVID-19 Outbreak
COVID-19 has lead in imposition of regional and national level lockdown which has significantly impacted construction and infrastructure industry. The pandemic has not only shattered the movement of the people but also the production and trade of the major products in the market. Halted construction activity has resulted in eroding demand for pervious pavement during these pandemic. For the market to resurrect to its original form, construction activities should restart at force which is possible post 4th quarter of FY2020. Not only pervious pavement demand, supply has also been put on hold to normalize the market prices which is set to normalize the overall production cost, post market resurrection. All in all supply chain of pervious pavement has been disrupted and is set to remain till the end of 4th quarter FY 2020.
Segmentation analysis of Global Pervious Pavement Market
Global pervious pavement market is bifurcated into four major categories: pervious pavement type, design, application and region.
On the basis of pervious pavement type, the global market for pervious pavement is divided into:
- Pervious Concrete
- Pervious Asphalt
- Pervious Pavers
On the basis of design, the global market for pervious pavement is divided into:
On the basis of application, the global market for pervious pavement is categorized as:
- Low-volume pavement
- Residential Roadways
- Parking lot
- Low-water bridges
- Well linings
- Swimming pool deck
Based on the region, the global market for pervious pavement is segmented as:
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Pervious Pavement Market: Regional Outlook
Asia Pacific region dominates the production of pervious pavement followed by Europe based market. Japan and China are considered as leading manufacturers, backed by its usual mounting construction industry and increasing number of infrastructure projects from regional government. Furthermore, installation of pervious pavements in North America is expected to grow with expanding number of applications by manufacturers of pervious pavement. With expanding applications for pervious pavement manufacturers are focusing for industrial application especially for manufacturing industry. Furthermore, winter climatic condition in North America serve as challenge for pervious pavement market during the forecast period. However, with increasing urbanization in Europe based countries and development of construction industry has resulted in mounting demand for pervious pavement in these market.
Key players of Pervious Pavement Market
Pavestone Company is focused on product customization and innovation with respect to pervious pavement. Company offers pervious pavement varied in style, color, shape and texture in order to meet different type of requirement associated with various applications. Prominent global players of pervious pavement market includes Belgard Hardscapes, Red River Hardscapes, Pavedrain, Unilock, Pavement Company, LafargeHolcim, CEMEX and Raffin Construction Co. Furthermore, key players like Unilock have announced taking steps to scale up production capacity to meet mounting demand across the globe. With increasing opportunities and growing future scope will increase the competitiveness of market, adding number of pervious pavement manufacturers across the globe.
The research report presents a comprehensive assessment of the pervious pavement market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. This pervious pavement market report provides analysis and information, according to market segments such as pervious pavement type, design, application and region.
The global pervious pavement market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The global pervious pavement market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (UK, Germany, Spain, France, RoE)
- East Asia (China, Japan, South Korea)
- South Asia & Oceania (India, ASEAN, ANZ, Rest of Oceania)
- MEA (GCC Countries, South Africa, Turkey, Rest of MEA)
The pervious pavement market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global pervious pavement market report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The global pervious pavement market report also maps the qualitative impact of various market factors on market segments and geographies.
The global pervious pavement market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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