CLEVELAND, Nov. 7, 2016 /PRNewswire/ -- Demand for precast concrete water and waste handling products is projected to rise 5.1 percent per year to $1.2 billion in 2020. Water and waste handling products made from precast concrete include septic tanks, manholes, water and sewer system components, grease interceptors, hazardous material containers and other products. The residential market will be a key driver of growth, as advances in housing starts and manufactured housing placements boost septic tank demand. In the nonbuilding segment, advances in water and sewer construction spending will spur demand for manholes, water and sewer system components, and other products. These and other trends are presented in Precast Concrete Products, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The study is available here http://www.freedoniagroup.com/industry-study/3466/precast-concrete-products.htmMuch like the US transportation infrastructure, many of the nation's potable water and sewage and drainage facilities have reached the end of their expected useful lifespans and require repair or replacement. In the nonresidential market, strong growth in office and commercial construction spending and advances in institutional construction expenditures will boost demand for precast concrete grease interceptors and many other products. Grease interceptors are required in many restaurants and other buildings with commercial kitchens to keep waste materials out of sewer lines. More rapid gains in demand for precast concrete water and waste handling products will be checked by competition from other materials. Moreover, according to analyst Mariel Behnke, "Products made from site-poured or cast-in-place concrete usually have a lower up front cost than those made from precast concrete and offer comparable performance qualities if properly poured." Plastic products such as septic tanks and grease interceptors will see rising use, as these products weigh less (reducing installation costs) and have product lifespans that claim to rival those of precast products. Related studies: #3455 Cement & Concrete Additives ( October 2016) http://www.freedoniagroup.com/industry-study/3455/cement-and-concrete-additives.htm #3453 Fencing ( September 2016) http://www.freedoniagroup.com/industry-study/3453/fencing.htmAbout The Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, market share information and profiles of the leading industry players. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com. Logo - http://photos.prnewswire.com/prnh/20160805/396004LOGO