Precast concrete is increasingly becoming a popular building material in most parts of the world. This can be attributed to its ability to meet the ever-changing worldwide construction standards. Precast is adaptable enough to feature in low-cost homes, middle-class housing, luxury buildings, and all types of construction. The precast concrete industry will become more competitive as people embrace a new normal. Here are a few of the expected precast concrete trends in 2022.
Relentless Growth
The global demand for precast concrete is expected to grow by about 4%. In 2022, the precast concrete industry is expected to grow at an even faster rate due to the increase in urbanization, construction activities in emerging economies, and large-scale infrastructural investments.
The lack of awareness about precast concrete construction methods and the benefits they offer had previously limited its adoption as a viable construction material. However, this is not the case today. Information about precast concrete is just a click away.
Residential and Commercial Structures to Continue Fueling Demand
Over the years, precast concrete has increasingly been the preferred construction material for both residential and commercial construction projects. This is attributed to the incredible structural and aesthetic benefits it offers in both applications.
The growing shift in contractors’ and consumers’ preferences for cost-effective, eco-friendly, and modern building approaches is creating prospects for the precast concrete market. With the sky being the only limit, its demand is expected to continue rising.
Environmental Concerns to Continue Driving Demand for Precast Concrete
Compared to building equivalent structures on-site, precast concrete manufacturing offers inherent environmental benefits. While it might be taken for granted, this is an essential aspect of any precast product. Today’s environmentally responsible world has made these benefits an even more essential aspect of the manufacture of precast concrete. Besides, precast concrete is eco-friendly, cost-effective, and promotes social responsibility. It conserves resources by reusing forms and moulds, and recycling materials such as additives and concrete aggregates.
Infrastructural Projects to Push Demand for Precast Concrete
Precast concrete is often employed in the construction or maintenance of vital infrastructure. Using precast pieces for a project can save time, money, and improve the quality of projects.
Shorter construction timelines can result in cost savings and speedy profits generation once a project is completed. Projects such as urban and coastal redevelopment programs, bridge replacement projects, and railway station extensions can benefit from the controlled environment in which precast is manufactured. Civil engineering projects require precast solutions that are both functional and visually appealing.
Product Customization for Specific Applications
Today, the precast concrete industry can manufacture virtually any structure designed by an engineer or architect, no matter how outrageous it may seem. Structures or concrete products that were deemed impossible and unprofitable in the past are now a part of everyday reality, thanks to developments in precast technology. At TKL, we are pushing boundaries and continually innovating our precast concrete products.
Focus on Digitally-driven Processes and Operational Efficiency
The digitally-driven processes involved in the manufacturing of precast concrete significantly improve operational efficiency throughout the construction process. Precast technology offers advantages such as improved speeds of construction and superior quality.
Additionally, precast technology has been adopted by builders and developers to avoid time delays and labour shortages. The digitally-driven processes give manufacturers more control during fabrication, which, in turn, works to minimize errors.
Industry Expected to Recover from the Impacts of COVID-19
The onset of the COVID-19 pandemic resulted in the implementation of strict regulations and lockdowns across nations. These regulations significantly disrupted supply chain activities related to precast concrete. With the increased demand for housing projects in developing economies and the adoption of green buildings, precast concrete will recover from the impact of the pandemic. Despite the impacts of the coronavirus pandemic, TKL has remained active throughout, a few disruptions notwithstanding. You can, therefore, trust us with your projects, whether or not the pandemic subsides in 2022.
Rising costs of construction and labour shortages continue to put pressure on the industry to come up with innovative new solutions. At the same time, tighter rules restrict the margin for error and waste. Following the volatile times that saw the precast concrete industry readjusting forecasts and lowering expectations, 2022 will present new possibilities as the sector embraces the new normal. At TKL, we are ready to work with you and make your next project an architectural marvel to behold.