According to the research report titled ‘Global Pervious Pavement Market Size study, By Material (Pervious Concrete, Porous Asphalt, Interlocking Concrete Pavers), By Application (Hardscape, Floors, Other Construction), By Design (Hydrological, Structural), and Regional Forecasts 2022-2028’ available with MarketStudyReport, global pervious pavement market was valued at USD 16.91 billion in 2021 and is expected to reach USD 24.93 billion by 2028, expanding at 5.7% CAGR through the forecast duration.

The key factors driving global pervious pavement market expansion are the growing concerns about stormwater management, the increasing demand to raise groundwater levels, rapid urbanization, and surging infrastructure investment by public or private organizations in many emerging economies.

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A pavement that is permeable or porous is often referred to as pervious pavement. Stormwater can pass through permeable pavement or non-porous blocks that are spaced apart to allow for easy water movement. These pavements are becoming increasingly popular in a variety of buildings, including parking lots, walkways, multi-acre commercial spaces, and swimming pools.

By eliminating impurities already present in water and ensuring water purity, the use of these technologies can help in increasing groundwater levels. Additionally, this type of approach also reduces the likelihood of flooding if too much rainwater accumulates in one area.

However, high maintenance requirements and costs as well as a lack of awareness regarding previous pavement systems restrain market growth over the forecast period of 2022-2028.

Worldwide pervious pavement industry space is segmented by materials type, application spectrum, design type, and geographical landscape. By materials type, the market is divided into pervious concrete, interlocking concrete pavers, and porous asphalt.

In terms of application spectrum, this marketplace is segregated into the hardscape, floors, and other construction. By design type, the industry vertical is split into structural and hydrological designs.

The geographical landscape of this business space consists of Asia Pacific, Europe, Latin America, North America, and rest of the world. Middle East & Africa market is predicted to exhibit a significant CAGR over the forecast period owing to the economic growth of emerging nations, and the availability of funding for renovation activities and new building construction.

LafargeHolcim, Chaney Enterprises, CEMEX, S.A.B. de C.V., Balfour Beatty PLC, CRH plc, Raffin Construction Co.,BASF SE, Balfour Beatty plc, UltraTech Cement Limited, and Boral Limited are leading companies in global pervious pavement business space.