Global Pervious Pavement Market Report and Forecast 2024-2032

Global Pervious Pavement Market Outlook

The global pervious pavement market attained a value about USD 19.79 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 5.2% to reach nearly USD 31.17 billion by 2032.

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The Availability of Low-Cost Pervious Pavements is  Augmenting the Market Growth

The global market for pervious pavement is primarily driven by the rising constructional projects as a result of rapid industrialisation and the growing urban population. Pervious pavements are made of grids and are widely used as an alternative to  expensive speciality equipment, which is augmenting its market growth. The easy availability of lightweight plastics at a low cost required for filling and manufacturing of pallet-sized grids significantly aids in reducing the shipping and transportation costs, thereby contributing to the market growth.

In addition to this, due to the strength of these grids, they possess the capability to withstand heavy equipment and loads, making them durable, thus increasing their applications in constructional projects, consequently furthering the market growth of pervious pavements.  Moreover, pervious pavement technique can be used for a temporary purpose, and the filling material can then be reused, making the process affordable and reduce the negative impact of single-use plastic on the environment, thus invigorating its demand.

Pervious Pavement Market: Market Segmentation

Pervious pavement is a method of paving which allows stormwater to flow into the ground. It is also known as porous or permeable pavement. This technique is largely used in sideways, swimming pools, parking lots, washrooms, and commercial spaces. This method is used to raise the groundwater level by minimising the contaminants present in the surface water.

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On the basis of type, the market can be divided into:

• Pervious Concrete
• Porous Asphalt
• Porous Brick

Based on design, the market can be categorised  into:

• Hydrological
• Structural

On the basis of application, the market can be segmented into:

• Building Apartments 
• Gardens and  Swimming Pools
• Floors and Parking Spaces
• Roads and Highways
• Sideways and Footpaths
• Others

By end-user industry, the market can be segmented into:

• Apartment Builders
• Road Construction Companies
• Others

The EMR report looks into the regional markets of pervious pavement like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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The Increase in Green Infrastructural Projects to Bolster the Market Growth of Pervious Pavement

The key driver for the market growth of pervious pavement can be associated with the rise in green building construction and rapid urbanisation in developing countries. The pervious pavement technique reduces the flood-like situation in case of excess rainwater by providing runoff to the excess water and its drainage. This technique is gaining momentum, especially in areas witnessing heavy rainfalls as pervious pavement methods are widely being used as water harvesting and management systems, thereby reducing the dependency on depleting ground water.

Apart from this,  owing to government efforts promoting the construction of green infrastructure, the market growth for pervious pavement is invigorating. This could be attributed to the characteristics of the material used in this process that can be recycled and re-used, making it environmentally friendly and favourable amidst the rising concerns regarding depletion of groundwater and stormwater management.   Further, advantages associated with pervious pavement like lower tower noise and enhanced safety are additional factors driving the market growth. However, low demand from the saturated markets and lack of awareness about the technology may hinder the growth of the market.

Key Industry Players in the Global Pervious Pavement Market

The report presents a detailed analysis of the following key players in the global pervious pavement market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• LafargeHolcim Ltd 
• Chaney Enterprises
• Fred Adams Paving Co., Inc
• Pervious Paving Contractors LLC
• Pervious Concrete, Inc
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report