Has COVID-19 Affected the Concrete Industry?
It’s not an understatement to say that COVID-19 has affected the world in many ways and truly changed how many different industries work. Especially the concrete industry, which is facing a number of challenges as it deals with the impact the pandemic has brought. This article will take a look further into how the COVID-19 pandemic has impacted the concrete industry, and what key trends have been predicted, post COVID-19.
Has COVID-19 Affected Construction Projects?
With concrete being such a key material in such a wide range of construction projects, of course, the impact of COVID-19 on the construction industry would have affected the supply and demand of concrete.
During the early days of the COVID-19 pandemic, the construction industry was a confusing picture. Some sites remained open, others did not. Legally, sites were allowed to remain open, so long as the contractors working on-site could maintain safe working arrangements.
Due to these COVID-19 regulations, delays and suspensions on construction projects have caused extensions of time, recovery of contractors additional costs and even termination of building contracts. Though, this all depends on the terms of the building contract and the timing of the building contract in relevance to the pandemic.
How is the Concrete Industry Adapting to the COVID-19 Pandemic?
Suppliers of construction materials, including concrete, are having to work hard to keep up with the ever-changing COVID-19 situation. Especially with a slowdown of site activity and with workers encouraged to ‘work from home’ manufacturing units and production facilities are working less.
Across the board, the need to maintain ‘watching and monitoring changes in demand’ has been highlighted. This will allow any improvements in the coronavirus situation to be picked up and matched by production and manufacturing capability.
What Do Key Trends in the Concrete Market Show (2020-2025)?
Though looking at market trends as the COVID-19 pandemic develops and changes, it is currently predicted that by 2025, fresh-mixed concrete could dominate the market.
As fresh-mixed concrete is produced on-site, it helps ensure that only the most efficient ratio of cement and water is used. This can be changed according to the requirements of the constructions project, therefore helping to avoid wastage of both materials and time. This will also further help builders to eliminate shortage and overage of concrete and save money overall on the cost of construction.
What Do Key Trends in the Construction Industry Show?
It has been predicted that both building materials and construction will play a vital role in a post-pandemic world. After Brexit uncertainty, the construction industry developed a huge resilience, with firms completing projects in even the toughest circumstances. Whilst COVID-19 has brought the construction industry it’s hardest challenges, possibly in a generation, but the industry will be needed in the long-term for housing stock.
In all, throughout the coronavirus pandemic and coming out of it, the concrete industry will continue to dominate the market and grow. As construction sites have been beginning to return, the commercial demand for concrete is predicted to increase. This will steadily grow, as more and more construction sites adjust to the ‘new normal’ and new working routine based around the latest government guidelines. Though one thing is for sure, concrete isn’t going out of style and is still a vital part of the construction industry.