North America Cast-in-Place Concrete Flooring Market Analysis

North America Cast-in-Place Concrete Flooring Market Analysis

The e-commerce/ e-fulfilment segment generated around USD 290 million in 2020. Online sales continue to gain traction, enabling retailers to not only grow but also to increase customer loyalty. Many goods manufacturers started increasing their online presence as it provides much wider market penetration at a fraction of the cost. North America is developed, and people have higher disposable incomes, propelling the e-commerce industry.

Additionally, the companies engaged in e-commerce are investing millions of dollars in e-fulfilment. Warehouses, which are a big part of the e-commerce industry are likely to see increasing operational activities driven by the rising e-commerce sales. Companies are also building state-of-the-art warehousing facilities for better consumer service and improving the efficiency of the supply chain. The growing number of warehouses is fueling cast-in-situ concrete flooring demand from the e-commerce industry.

The North America cast-in-place concrete flooring market from pharmaceutical/chemical sector is set to reach USD 260 million in 2027. The regional pharmaceutical industry is also observing a high growth propelled by a number of strategic partnerships and agreements among manufacturers. However, chemical and pharmaceutical industries are facing logistics and supply chain disruptions due to the Covid-19 pandemic. Most of the plants are running at reduced capacities. The market is expected to drive the construction of new chemical manufacturing plants or warehouses.

The prestressed concrete market is estimated to account for more than 3.5 million cubic meter of cast-in-place flooring demand by 2027. Prestressed concrete gives a very efficient structure, minimizing material usage and decreasing the economic span range compared to reinforced concrete. Prestressed or post stressed concrete usage is increasing in commercial building construction activities, especially for industrial buildings, manufacturing facilities, offices, and healthcare facilities. Pre & post tensioning technique offers several advantages such as fire resistance, reduced cost, reduced material use, robustness, and thermal mass.

The Southeast U.S. cast-in-place concrete flooring market is projected to expand at over 4.6% CAGR from 2021 to 2027. The Southeast is among the rapid growing regions in the U.S. impelled by high urbanization and industrialization triggered by developed economy. Regional demographics and stronger support from the regional government in terms of investment in manufacturing sectors, major infrastructure projects, and drop in crude oil prices will be the major factors driving the regional construction industry.
 

The e-commerce/e-fulfillment industry coupled with the 3PL industry dominates the regional industrial output. However, it is actually manufacturing products that are contributing to a rebounding economy. The region is also having a heavy machinery manufacturing industry and downstream chemical & metalworking industries.