A recent study conducted by Transparency Market Research shows the global precast concrete market growing at a healthy CAGR of 5% through 2025. Two major factors contributing to this growth are swift urbanization and high demand for commercial construction projects.
Urbanization A Driving Force Behind Global Precast Market Growth
As the global economy has become more integrated a population shift has occurred with residents leaving rural areas and moving to metropolitan hubs. Cities are catering to this demand and are utilizing precast concrete to help build needed infrastructure. Precast concrete provides many benefits such as design-build efficiency, low maintenance, reduced costs, and aesthetic versatility.
High Demand For Commercial Construction
With mass migration from rural to metropolitan areas numerous commercial structures will need to be built including malls, hotels, and offices. Architects and builders love specing precast concrete products in commercial projects as it’s cost-effective, easy to produce, less labor-intensive and reduces build time.
Highly Engineered, High-Performance Solutions Tailored To The Precast Concrete Industry
Volatile Free, Inc. (VFI) manufactures a highly engineered, high-performance line of urethane molding rubbers for the precast concrete industry. With multiple Shore Hardness and pot life options, VFI has a product for all your precast concrete needs.
To learn more about VFI’s urethane rubbers contact us at 800-307-9218.