Pervious Pavement Soaking Up Growth

The pervious pavement market is gaining momentum in the modern construction industry, due to factors such as growing concern about storm water management, depletion of ground water level and reduced environmental impact, as the materials in pervious pavements can be recycled, thus preserving natural resources.

Other benefits associated with pervious concrete, such as enhanced safety, better nighttime visibility and lower tower noise are also driving the growth of this market. The market for pervious pavement is projected to grow steadily during the next 10 year, hampered only by lack of awareness about the technology and low demand from saturated markets.

The hardscape application segment is estimated to dominate the market and is projected to be the fastest-growing segment during the forecast period, as hardscapes are highly exposed to rain and snow and the use of pervious pavements to build these structures offers superior utility with regard to reduced runoff and stormwater management.

In 2015, Europe accounted for the largest share of the total market, in terms of value, followed by North America and Asia-Pacific. North America is projected to register the highest growth from 2016 to 2021, wherein the U.S. is projected to be fastest-growing country-level market in the region for pervious pavement market. 

As the sustainability of pervious pavement becomes more apparent, the market will be in demand for contractors.

Posted: 4/25/2017 3:26:23 PM



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