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.
