Precast Concrete Market: Snapshot

Precast concrete is a construction product, made by casting concrete in a reusable mold or "form", which is then cured in a controlled environment and transported to the construction site for installation. There are different types of precast concrete forming systems for architectural applications, which differ in size, function, and price. Usage of precast elements eliminates or highly reduces the need for conventional formworks and props. They also lower the generation of wastage and checks other environmental hazards. They further provide a safe working platform to the workers. Precast products are manufactured in a casting area where critical factors such as temperature, mix design, and stripping time can be closely checked and controlled, which ensures that the quality of precast products is better than that of cast-in-situ concrete. Moreover, it saves a considerable sum of money through eliminating rectification work. Furthermore, due to factory-controlled environment, different combinations of colors and textures can be applied easily to the architectural or structural pieces.

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Building & Construction Industry to Impact on Precast Concrete Market
Rise in investment in the building & construction industry owing to various government-supported welfare housing schemes has boosted the demand for precast concrete during recent times. In addition, factors such as increasing disposable income, coupled with rising purchase of house, have propelled the demand for precast concrete. Furthermore, rebuilding, refurbishing, and renovation of old buildings have boosted investments in the building & construction industry, thereby augmenting the demand for precast concrete. Low interest rates in housing has also led to investments in the building & construction industry, thus propelling the demand for precast concrete.

Controlled Climate
Precast concrete is manufactured in plants under strictly controlled conditions, which leads to excellent resource efficiency for materials, labor, energy, and processes. Most precast concrete facilities are clean and productive, with computer-controlled processes for batching, mixing, and casting. Efficiency programs are also helping in reducing the consumption of energy in the plant.

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Reduced Construction Time and Cost
Precast concrete construction helps in saving time and in reducing the risk of delay or monetary loss in the project. Furthermore, the production process remains unaffected by weather conditions due to the controlled environment of the casting area. Also, usage of large precast panels reduces the time taken to complete structural works.

High Quality of Products
Precast products are manufactured in a casting area where crucial factors such as temperature and mix designs are checked and controlled. By doing so, a substantial amount of money is saved. Moreover, due to factory-controlled prefabrication environment, different combinations of colors and textures can be applied easily to the architectural or structural pieces.

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