Building sector fuels precast market’s projected 6.4 percent annual growth
- Published: Tuesday, 20 January 2015 12:45
- Written by Concrete News
Sources: Freedonia Group, Cleveland; CP staff
Led by architectural and structural building product demand, U.S. precast concrete shipments are on track to rise from $8.9 billion in 2013 to $12.15 billion in 2018. Time-saving and quality control advantages will enable precast to capture more market share from cast-in-place and steel alternatives over the next four years, according to the authors of a new Freedonia study.