In April 2022, in a bid to fast-track road construction and reduce pollution, the government has mandated use of factory manufactured pre-cast concrete items in the construction of the National Highway projects. The minimum mandatory usage should be 25 percent of total concrete volume, a Road Transport Ministry release said on Tuesday (19 April). To harness the benefits of pre-fabrication in the construction of National Highways, expressways, and other centrally sponsored road projects, the Ministry of Road Transport and Highways (MORT&H) has made it mandatory to use factory-manufactured pre-cast concrete elements in projects within a 100 km radius of Pre-cast factory," the release said.
According to the report, Reducing Pollution through Controlling Emission Rate has Been Showing a Positive Impact on Market Growth. is one of the primary growth factors for the market. Growing Industrialization and Infrastructure Development have Been Driving Market Growth. is also expected to contribute significantly to the Fast Track Concrete market. Overall, Residential & Commercial Buildings
applications of Fast Track Concrete, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Cement Grade, such as 53, is boosting the Fast Track Concrete market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution channel, such as Retail, is boosting the Fast Track Concrete market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Fast Track Concrete market identified that the demand is rising in many different parts of the world as "Rising Government Investments in Infrastructure Development Shall Bring More Opportunities in Market.". Furthermore, some recent industry insights like "In July 2021, Holcim launches ECOPlanet, its global range of green cement delivering at least 30 lower carbon footprints with equal to superior performance. ECOPlanet is available in Germany, Romania, Canada, Switzerland, Spain, France, and Italy and will be distributed across 15 countries in 2021, with the objective of doubling its market presence by the end of 2022 to enable low-carbon construction at scale." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Fast Track Concrete market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Fast Track Concrete market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Fast Track Concrete market size is calculated using market estimation process, the Fast Track Concrete market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Fast Track Concrete market size has been validated using both top-down and bottom-up approaches.