"US demand for precast concrete products is forecast to rise 6.5 percent per annum to $12.2 billion in 2018, stimulated by a rebound in construction expenditures. During the 2008-2013 period, demand for precast concrete products declined as construction of buildings and nonbuilding structures languished. Precast concrete products demand will also be boosted by their ability to reduce the time and expense of construction projects. Precast concrete products are made and tested in factory-like conditions to meet specific performance properties, such as enhanced resistance to moisture or freeze/thaw cycles. In contrast, site-poured or cast-inplace concrete may cure improperly and need replacement, causing delays and cost overruns. While more costly than site-poured concrete, steel, or wood building products, precast concrete components often have longer lifespans and offer superior structural strength."Read More