Over the past few years, developments in precast technology has been offering many opportunities to architects and engineers to develop extraordinary and unique constructions.
The precast construction method is used to produce custom components such as columns, walls, stairs, beams, slabs, and others in a controlled environment in production units away from the construction site.
Once the components are ready, they are being delivered to the required construction place. As these prefabricated components can be rearranged, the precast construction system help designers and engineers to plan for future construction projects.
There is an array of connections that is used to connect various types of structural elements including beam to column connection, column to floor connection, and panel to panel connection.
Elegant connections are needed between columns and beams to transfer considerable forces without adversely affecting the visual appearance of the frame.
The stability of precast concrete structural system is provided through bracing. This system has influence the layout, stability system, construction depth, span length, and more to a greater extend.
It offers many advantages over cast-in-situ concrete structures by providing faster and more efficient construction process.
In addition, global precast construction system offers superior lifespan, complete thermal protection, high quality control standards, smooth finishing, effective rain screens, and so on, which is why, it is used for a wide range of buildings, from commercial office buildings to healthcare facilities, shopping malls to sports stadiums.
Current market scenario of precast construction industry: –
According to a report published by Allied Market Research, the global precast construction market size is projected to reach $227.5 billion with a considerable CAGR from 2021 to 2030.
The Asia-Pacific region is currently holding the highest market share, owing to rise in construction activities in the developing economies like China, India, and others.
Also, the fact that precast construction system reduces material wastage and help to achieve cost efficiency, the demand for this technology is booming.
However, the outbreak of the COVID-19 pandemic hampered the growth of the global precast construction market to some extent, especially in the initial period.
The pandemic led to the implementation of the global lockdown, which in turn, halted or postponed all construction activities around the world.
This factor directly affected the revenue flow of the market. Manufacturing hubs of construction products, at the same time, were temporarily closed due to lack of raw materials and unavailability of skilled labor force.
Nevertheless, certain factors such as rise in population, rapid urbanization & industrialization, increase in disposable income, surge in home buying, higher efficiency achieved through precast techniques, need for development of low cost housing units, renovation of old buildings, and many more are boosting the growth of the global precast construction market in more than one way.
With this drift on board, various government sponsored public housing programs has been launched. For example, Indian Government has announced a $1.5 trillion investment plan that focuses on enhancing the quality of construction for building infrastructure by 2025.
Also, India is using unique precast track slab technology for construction of high speed railway system with a design speed of 180 kmph. It is the country’s first RRTS project under construction.
The slabs are being manufactured under the Make in India initiative. These factors are sequentially driving the growth of the global precast construction market.
Moreover, in comparison to other construction materials, precast concrete is the more sustainable option. Its raw material, especially cement is the biggest sustainability flaw of precast.
Recently, a concrete temperature technology has been developed by EXACT that can gather data from the concrete in real time.
The collected data is then analyzed by contractors in order to make decisions for faster, safer, and more sustainable construction activities.
On the other hand, old Extruder E9, was designed to guarantee standard quality production of hollow core slabs with minimal amount of waste.
Similarly, Elematic extruders became popular for fast casting in hollow core slab production with low production costs.
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Here, it is worth mentioning that with the constant technological advancements in the construction industry, the global precast construction market has a huge scope to gather greater prospects and immense growth in the upcoming years.