Sources: Freedonia Group, Cleveland; CP staff
Demand for precast concrete in infrastructure contracts is projected to increase 4.4 percent annually, to $2.4 billion by 2022, with growth fueled by the need to repair the nation’s aging network of bridges, highways, roads and railroad tracks; increased adoption of the method over traditional cast-in-place alternatives; and, efforts by the federal government to increase surface transportation investment.
Sources: Interlocking Concrete Pavement Institute, Chantilly, Va.; CP staff
Segmental concrete pavement product sales in the United States and Canada increased for a seventh consecutive year, hitting an estimated 750 million square feet, or 2.5 percent higher than 2016, according to the Interlocking Concrete Pavement Institute 2018 Industry Sales Profile.
Sources: Cemex S.A.B. de C.V., Monterrey, Mexico; CP staff
Cemex Ventures’ first “smart concrete technology” investment is a developer of wireless sensors conveying accurate, project schedule-accelerating data. The sensor and transmitter technology of Cambridge, Mass.-based Concrete Sensors enables contractors and engineers to monitor hardening slabs’ and structures’ temperature, relative humidity and strength.