Market researcher tracks structural precast against C-I-P, steel alternatives

Structural building components lead annual precast shipments and are on pace to exhibit nearly 6 percent annual growth over the next five years, according to “Precast Concrete Products,” a new analysis from Cleveland market researcher Freedonia Group. When specified for slabs, columns, foundations, or full building systems, precast concrete reduces costs in certain construction conditions and lowers site labor requirements. 

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Building sector fuels precast market’s projected 6.4 percent annual growth

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 a new study from Cleveland market researcher Freedonia Group.

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