Global Precast Concrete Market: Key Highlights
Global Precast Concrete Market: Key Market Dynamics
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Global Precast Concrete Market: Regional Overview
In North America has expected to propel the demand for precast concrete market during the forecast period. This has attributed by the growing construction activities coupled with rising demand for sustainable and advanced construction practices are anticipated to drive the product demand. According to the US Census Bureau, the total spending on construction activities was USD 1,356,409 million in 2019.
Increased investments in transport systems, ports, mega factories and roads coupled with rising industrialization and urbanization has expected to account rise in demand for precast concrete in the region. Governments are making efforts to develop the infrastructure in various emerging nations. For instance, China has approved 26 infrastructure projects with a total expected investment of USD 142 billion in 2019.
Global Precast Concrete Market: Key Players Overview
LafargeHolcim is one of the global leader in building materials and solutions and operates through four business segments namely cements, aggregates, ready to mix concrete, and solutions & products. In January 2019, the company acquired the precast and ready to mix concrete business of Alfons Greten Betonwerk in Northern Germany. This will help to strengthen the existing solutions & products in the region.
CEMEX S.A.B. de C.V. was incorporated in 1906, and is offers products and services to construction industry across the globe. The company has its global presence the North America, Europe, the Middle East, and Africa. The company generated revenue of USD 13.1 billion in 2019, and has the produced 93 Metric Tons of cement.
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