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Global Pervious Pavement Market Expected Revenue, Industry Share, Development Stages, and Landscape- Forecast to 2030

Jenny reddy
Global Pervious Pavement Market Expected Revenue, Industry Share, Development Stages, and Landscape- Forecast to 2030

Global Pervious Pavement Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.

Pervious Pavement Market Research Report 2019 published By Market Research Future, provides information on Global Pervious Pavement Industry Size, Share, Trends, Growth and Opportunity Assessment with Regional Analysis and Segmentation By Materials (Pervious Concrete, Porous Asphalt, and Interlocking Concrete Pavers), by Design (Hydrological and Structural), by Applications (Hardscape and Floors) and Region – Forecast 2016-2022. 

Pervious pavement, also known as, permeable pavement or porous pavement is a paving surface with high porosity that allows stormwater to seep through the surface into the ground. A pervious pavement combines a series of plastic grids with a fill material such as gravel, limestone, or sod to create a durable surface, while being both recyclable and cost efficient. Pervious pavements have various advantages over conventional pavements, enabling higher utilization of the same in modern sustainable construction. 

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According to the report published by Market Research Future, the pervious pavement market is expected to flourish with a significant CAGR during the forecast timeline. Factors such as easier installation of permeable pavements and higher durability promote notable growth in the pervious pavement market. In addition, higher recyclability, its environment-friendly nature, and government initiatives towards sustainable construction heavily drive the global pervious pavement market. Adversely, high price volatility and a demand supply gap in the raw materials used in a porous pavement are hindering growth within the pervious pavement market.

A permeable pavement has high durability and can sustain under heavy weight, while being easy to remove. This enables the use of pervious pavements as temporary roads and prevents soil damage at construction sites occurring because of heavy machinery and vehicles. In addition, use of permeable pavements also reduces the concentration of some pollutants in stormwater, either physically, chemically, or biologically.

Competitive Analysis

The global pervious pavement market emerges as highly competitive and diversified due to the presence of many well-established players who boast a regional as well as a global presence. The MRFR report has listed many key players in the pervious pavement market including –

  • CEMEX S.A.B. de C.V. (Mexico)
  • LafargeHolcim (Switzerland)
  • CRH plc (Ireland)
  • Sika AG (Switzerland)
  • BASF SE (Germany)
  • Balfour Beatty plc (U.K.)
  • Boral Limited (Australia)
  • UltraTech Cement Limited (India)
  • Chaney Enterprise (U.S.)
  • Raffin Construction Co. (U.S.)

Industry Updates:

21 Feb 2019: Victorian government has handed out grants worth $1.5 million for innovative road surface projects in Australia. Road infrastructure company Downer claims usage of materials such as glass and printer cartridge toner to manufacture asphalt. The company claims to be able to produce an asphalt made from 99% recyclable materials.

1 March 2018: A research team based in Washington State University has published their study of permeable pavements developed using recycled carbon fiber. Use of recyclable carbon fiber in pervious pavements could solve a high-tech waste issue, while addressing the environmental challenge of storm-water runoff.

Segmental Analysis

According to the MRFR report, the market has been segmented on the basis of material, design, and region. On the basis of material, the market has been segmented into pervious concrete, porous asphalt, and interlocking concrete pavers. On the basis of design, the pervious pavement market has been segmented into hydrological and structural.

Detailed Regional Analysis

The pervious pavement market has been regionally segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Although Europe is projected to dominate the pervious pavement market, it is estimated to grow at a lower rate than other regional segments due to low construction demands and sub-performing economic conditions.

Alternatively, North America is projected to grow at an accelerated rate due to the presence of many manufacturers and a high number of end-use industries. In addition, increasing installations of porous pavements in parking lots and commercial areas with low speed and light traffic loads are driving major growth to the pervious pavement market in North America.

The Asia Pacific (APAC) is estimated to originate as a lucrative market for pervious pavements, globally. Owing to the factors of improving economic conditions, rise in rain harvesting projects, flourishing modern construction in the region, growing adoption of sustainable construction, and rapid urbanization, the pervious pavement market is expected to garner substantial growth during the forecast period.

Scope of Report

The report for Global Pervious Pavement Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance pervious pavement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Jenny reddy
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