The new report by Expert Market Research titled, ‘Global Pervious Pavement Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global pervious pavement market, assessing the market based on its segments like types, designs, applications, end-user industries, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
- Historical Market Size (2020): USD 17 Billion
- Forecast CAGR (2022-2027): 5.2%
Pervious concrete, porous brick, and porous asphalt are the materials that are used primarily in the pervious pavement. Porous asphalt helps in removing contaminants in storm water at the surface level itself, before it gets into underground, hence it is an environment-friendly product, thereby boosting the market growth. Porous brick helps in preventing floods, by allowing excess water to pass through it. Pervious pavement method provides better grip to the vehicles moving on it, and also prevents the disorientation or damage of road structures, caused due to change in temperature levels. All these advantages of pervious pavements are expected to bolster the growth of the market.
Industry Definition and Major Segments
Pervious pavement is also known as porous or permeable pavement, and is a method of paving, which allows storm water to flow into the ground. This technique is largely used in sideways, swimming pools, parking lots, washrooms, and commercial spaces. This method is used to rise the ground water level by minimising the contaminants present in the surface water.
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On the basis of type, the market can be divided into:
- Pervious Concrete
- Porous Asphalt
- Porous Brick
Based on design, the market can be divided into:
- Hydrological
- Structure
On the basis of application, the market can be segmented into:
- Building Apartments
- Gardens and Swimming Pools
- Floors and Parking Spaces
- Roads and Highways
- Sideways and Footpaths
- Others
On the basis of the end-user industry, the market can be segmented into:
- Apartment Builders
- Road Construction Companies
- Others
By region, the global pervious pavement market can be divided into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Pervious pavement method is being used by various builders and construction companies, owing to the rise in demand for green buildings and rapid urbanisation in the developing countries, where there is a continuous depletion of ground water. This is expected to augment the growth of market. Increasing demand for roads, highways, and buildings are also augmenting the ever growing need for pervious pavement methods. Large number of migrants moving from rural to urban areas are leading to the need for more housings, which in turn, is expected to further enhance the pervious pavement market growth. The easy availability of low-cost lightweight plastics necessary for filling and manufacturing pallet-sized grids substantially lowers shipping and transportation costs, aiding in market expansion.
Key Market Players
The major players in the market are LafargeHolcim Ltd, Chaney Enterprises, Fred Adams Paving Co., Inc., Pervious Paving Contractors LLC, and Pervious Concrete, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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