A bright future lies ahead for precast concrete – constructconnect.com – Daily Commercial News ...Middle East

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A bright future lies ahead for precast concrete – constructconnect.com – Daily Commercial News
source : canadian news today ( Middle East ) () 31
The demand for precast concrete components continues to develop across more construction sectors around the world. In the U.S. alone, revenue for precast producers was more than $25 billion in 2022, spread across nearly 3,000 plants, according to data from the National Precast Concrete Association. That follows a five-year average growth of 6.9 per cent. The U.S. market is expected to reach nearly $55 billion over the next four years. Globally, the future looks as bright. A compound annual growth rate (CAGR) of 6.6 per cent has been projected over the same four year period, reaching just under $200 billion by 2027. Precast offers attractive advantages in today’s world of environmental conc

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