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Pervious Pavement Market: Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2020 | 38 Views
 
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Pervious Pavement Market Outlook - 2027

Pervious pavement also known as permeable or porous pavement is a method of paving, which allows storm water to seep into the ground. It is gaining popularity because of the increase in responsibility for storm water management. This technique is extensively used in structures like sideways, parking lots, bathrooms, swimming pools, commercial, and multi-acre spaces and in various other places. This technique is used to increase the ground water level by removing contaminants present in water at the surface level ensuring purity of water reaching the ground water. The secondary use of this type of technique is avoiding the risk of flood like situation in case of excess rainwater accumulating at a specific area by providing runoff to the water and its drainage.

Pervious concrete, porous asphalt, and porous brick is the material primarily used in the making pervious pavements where the pervious concrete is a special kind of concrete with high porosity used for concrete flatwork applications. Porous asphalt helps in infiltration of storm water or snowmelts before it gets into the groundwater by removing contaminants at the surface level only, and hence is an environment friendly product. Porous brick is a kind of brick that is porous in nature and has tiny holes in it so that water can pass through it. It also helps in the prevention of flood, which can occur due to excess of rain by providing runoff to the water accumulated because of rain and snowmelt. The use of pervious pavements include water harvesting and water management, which is the need of the hour in this era, where there is drought like situation in most parts of the world and people are incessantly wasting precious water. Various applications of pervious pavement include decreased glare and hydroplaning, increased visibility and traction. It helps in providing better grip to the wheels of the vehicles moving on it and to the person walking on it. It also helps in the prevention of damage or disorientation of road structures, which can occur due to expansion or contraction of the structure due to change in temperature level of the surrounding. It helps dissipate the heat trapped inside the road structures and thus increase the durability and lifecycle of any structure. 

Pervious pavements techniques are used by various builders, construction companies, and others. It is used in bathrooms, swimming pools, footpaths, and sideways of the roads where the water flows often frequently. Pervious pavement technique helps to save a lot of water, which otherwise would have been wasted therefore helps in avoiding the depletion of groundwater. The main drivers of this market are increase in popularity of green building construction and rapid urbanization in the developing countries where there is continuous depletion of groundwater in excess. Large number of migrants moving to urban areas waste water recklessly and incessantly leads to shortage of underground water in various areas. Also, the infusion of funds in the form of investments in infrastructural activities by Government emphasizing on water harvesting methods boosts the market growth.

The regions where the growth in the market is expected to be prominent is North America has gained substantial popularity in the sector and has adopted the best storm water management and harvesting techniques followed by Asia-Pacific countries like India, China, and others. The other regions where the market is expected to flourish are Europe, Middle East, and Africa.

Market scope and structure analysis:

                     Report Metric          

                                      Details

  Market Size Available for Years

  2019–2027

  Base Year Considered

  2019

  Forecast Period

  2020–2027

  Forecast Units

  Value ($USD Million)

  Segments Covered

  Type, Application, Design, End-user Industry, and Region

  Regions Covered

North America (U.S. and Canada), Europe (Germany, UK, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa)

  Companies Covered

LafargeHolcim Ltd., Boral Limited, CRH plc, Balfour Beatty plc,UltraTech Cement Limited, Raffin Construction Company, Sika AG,CEMEX S.A.B. de C.V., Chaney Enterprises, BASF SE

 

Covid-19 Impact On Market

  • Coronavirus has affected a wide range of construction services, which include consultancy, outsourcing, and manpower support for the building industry. The negative trends in the economy of China and India, and some developed nations are anticipated to decline growth of the pervious pavement industry throughout the globe.
  • Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
  • Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials experienced a halt throughout the globe.
  • Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
  • The major hindrance for the global pervious pavement market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
  • Decreased consumer demand and consumption has led to reduction and slow down of sales of construction materials all over the globe over the course of the current economic year.

Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in popularity of green building construction and rapid urbanization in the developing countries where there is continuous depletion of groundwater in excess boost the market growth. Lack of awareness about the system and careless attitude of people hinder the market growth. Also, to increase the life cycle of roads and meet the Government standards of Roads and Highways, the companies are adopting pervious pavement techniques. Durability is compromised because of the high porosity.

The global pervious pavement market trends are as follows:

Surge in usage for infrastructural developments

More urbanization means more development of buildings, roads, and highways, which creates the ever growing need of pervious pavement techniques to avoid depletion of water and make way for ground water to seep into the ground to maintain ground water level, which otherwise would go in waste resulting in the shortage of water. Structures that need pervious pavement techniques are sideways, bathrooms, swimming pools, and at very other commercial and multi-acre spaces. Large number of migrants moving to urban areas need more housing spaces; therefore, boosting the growth of the pervious pavement market. Developing countries such as India, Africa, and others, which are growing economies play a major role for the market. More technological advancements in modern construction market needs more of such pavement techniques to meet government regulations.

Government regulations and investment 

Heavy investment of $1.4 trillion dollar is being planned by the Indian Government Authorities in infrastructural sector in the next 5 years to boost economies of the country such as India and create employment opportunities, which can attract many foreign direct investments to various other countries helping the pervious pavement market grow at a significant rate and can create many wonderful opportunities to the market to explore and penetrate into new geographical regions. Also, government stringent rules such as National Water Policy (2012), Aquifer mapping and Management Programme during XII plan under the scheme of Ground Water Management and Regulation have been formed by the Indian Government which emphasizes on the issue like saving the storm water, prevention of depletion of ground water and sustainable use of water, new innovative harvesting techniques, all factors majorly contributes to the growth of this market. Also, the need to increase the life cycle of already built roads by not letting water stay on them and formation of proper drainage system puts even more opportunities for the market to grow.

Key segments covered:

                Segments

                                Sub-segments

  Type

  • Pervious Concrete
  • Porous Asphalt
  • Porous Brick

  Design

  • Hydrological
  • Structural

  Application

  • Building Apartments
  • Gardens, Swimming Pools
  • Floors and Parking Spaces
  • Roads and Highways
  • Sideways and Footpaths
  • Others

  End-User Industry

  • Apartment Builders
  • Road Construction Companies
  • Others

  Region

  • North America
  • Europe
  • Asia Pacific
  • LAMEA

 

Key benefits of the report:

  • This study presents the analytical depiction of the pervious pavement industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the pervious pavement market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the pervious pavement market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed pervious pavement market analysis based on competitive intensity and how the competition will take shape in the coming years. 
 
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