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 competitive landscape of the pervious pavement market is characterized by intense competition and a diverse range of market players. These players compete based on factors such as product offerings, technology advancements, pricing strategies, and geographical presence. The market is highly fragmented, with both established and emerging players striving to gain market share. Key strategies observed in the market include research and development activities to introduce innovative materials and installation techniques, strategic partnerships and collaborations, and expansions into new geographic regions. Additionally, market players focus on enhancing their product portfolios and emphasizing their sustainability credentials to differentiate themselves in the market. Overall, the competitive landscape is dynamic, with players constantly adapting to market trends and customer demands to maintain a competitive edge. 'Lafarge Holcim (Switzerland)', 'Sika AG (Switzerland)', 'Balfour Beatty Plc (UK)', 'Ultratech Cement Limited (India)', 'Boral Limited (Australia)', 'Chaney Enterprises (US)', 'Raffin Construction Co (US)', 'BASF SE (Germany)', 'CRH Plc (Ireland)', 'Cemex S.A.B de C.V (Mexico)', 'Holcim (Switzerland)', 'RPM International Inc. (US)', 'CEMEX UK (UK)', 'Aggregate Industries (UK)', 'Tarmac Trading Limited (UK)', 'ACO Group (Germany)', 'Firth Industries (New Zealand)', 'Keystone Retaining Wall Systems (US)', 'GCP Applied Technologies Inc. (US)', 'Hanson UK (UK)'

One key driver of the pervious pavement market is increasing awareness and adoption of sustainable infrastructure practices. There is a growing recognition of the environmental benefits offered by pervious pavements, such as reduced stormwater runoff, improved water quality, and groundwater replenishment. Governments, regulatory bodies, and urban planners are increasingly prioritizing sustainable development and implementing policies that promote the use of pervious pavements. This heightened awareness and emphasis on sustainability drive the demand for pervious pavement solutions.

Increasing emphasis on sustainable urban development and green infrastructure: One key market trend in the pervious pavement market is the increasing emphasis on sustainable urban development and green infrastructure. There is a growing recognition of the importance of incorporating environmentally-friendly solutions in infrastructure projects to mitigate the impacts of urbanization on water resources and the environment. Pervious pavements, with their ability to reduce stormwater runoff, improve water quality, and support groundwater replenishment, are being widely adopted as a sustainable alternative to traditional impervious surfaces. This trend is driven by regulatory requirements, government initiatives promoting sustainable practices, and the growing awareness among developers, architects, and urban planners about the benefits of integrating green infrastructure elements into urban landscapes.

North America dominated the pervious pavement market. North America has a well-established infrastructure and stringent environmental regulations, driving the adoption of pervious pavements for stormwater management. The region has witnessed significant investments in sustainable infrastructure development, particularly in urban areas, which has contributed to the widespread use of pervious pavements. Additionally, awareness about the benefits of pervious pavements in reducing stormwater runoff and improving water quality is high in North America, further boosting market growth.