Report measures structural precast versus C-I-P concrete, steel

Sources: Freedonia Group, Cleveland; CP staff 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 market researcher Freedonia Group. When specified for slabs, columns, foundations, or full building systems, precast concrete reduces costs in certain construction conditions…

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

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.

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