Pervious Pavement Market Size, Share, Growth Analysis, By Type(Pervious concrete, porous asphalt and interlocking concrete pavers), By Application(Hardscape and floors) - Industry Forecast 2024-2031

Pervious Pavement Market size was valued at USD 17.43 billion in 2021 and is poised to grow from USD 18.3 billion in 2022 to USD 27.04 billion by 2030, at a CAGR of 5% during the forecast period (2023-2030).

The global pervious pavement market has witnessed significant growth in recent years and is expected to continue its upward trajectory. The market is being driven by increasing awareness and adoption of sustainable infrastructure practices, stringent government regulations pertaining to stormwater management, and growing concerns over urbanization and its impact on the environment. Pervious pavement finds extensive application in various sectors such as residential, commercial, industrial, and transportation. Additionally, advancements in pavement technologies, such as the development of innovative materials and installation techniques, are further fueling market growth. Geographically, North America dominated the global market due to well-established infrastructure and environmental regulations. However, rapid urbanization, infrastructure development, and government initiatives in emerging economies of Asia Pacific are expected to contribute to the market expansion in these regions. Key players in the global market are focusing on research and development activities, strategic partnerships, and product innovation to gain a competitive edge in the market. Overall, the global market is poised for substantial growth as the world increasingly embraces sustainable and eco-friendly solutions for infrastructure development and urban planning.

US Pervious Pavement Market is poised to grow at a sustainable CAGR for the next forecast year.