by Corinne Gangloff
May 12, 2022
Commercial buildings are the most important outlet for precast concrete products, as both the leading market and one of the fastest growing through 2026. According to a new Freedonia Group analysis, strong opportunities for demand in this market stem from:
Precast concrete products are increasingly specified during the construction of a variety of commercial structures (including high-rise offices, hotels, and industrial buildings) because of their durability and uniformity, which is particularly important for large commercial buildings that require significant volumes of materials because it can speed construction. As skilled labor becomes more expensive and difficult to come by, efficiencies offered by precast products are growing in importance.
Structural Components to Be the Fastest Growing Product Type in the Commercial Building Market
Rising use of precast concrete products on such structures as childcare facilities, VA hospitals, and other healthcare facilities will support demand gains for precast concrete products in the commercial market, finds the analysis. Structural building components represent the largest category in demand terms, and will grow the fastest due to strong demand gains for:
Architectural building components products are also used extensively in the commercial market for precast concrete products.
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