Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 363.42 Million | USD 482.53 Million | 3.2% | 2023 |
Zion Market Research has published a report on the global Cellular Concrete Market, estimating its value at USD 363.42 Million in 2023, with projections indicating that it will reach USD 482.53 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 3.2% over the forecast period 2024-2032. The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Cellular Concrete Market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Cellular concrete is one such material that is cement-based, light in weight, fire resistant, and strong. Cellular concrete is also known as foam concrete. The cellular concrete is light in weight owing to the minute and uniformly distributed gas bubbles. This concrete consists of water, mixed cement (or fly ash or sand), and a foaming agent. This slurry is then blended by adding a synthetic foaming agent into the concrete mixing plant. The foaming agent used produces bubbles so that they are tolerant to the mixing and hardening process and also the chemical and physical changes that occur during that time.
The primary factor driving the market growth is its lightweight and its capability to resist even severe conditions. The advancement in the developing technologies of the raw material used, foaming agents, and fillers according to specific applications has augmented the market growth.
The COVID-19 outbreak resulted in facing many challenges by almost every industry and disrupted the supply chain and value chain of numerous industries. The epidemic has affected industries positively as well as negatively. COVID-19 has impacted the concrete cellular market as the government has issued orders to pause all construction activities so as to contain the spread of the virus. This has resulted in delaying the various construction activities which have reduced the demand for the cellular concrete market.
The increase of urbanization in developing countries is leading to an increase in the building and construction works, thus boosting the demand for cellular concretes. The cellular concretes are used in construction as well as in the maintenance and renovation works. The demand for building materials is growing owing to the factors such as low cost and labor and saving time. As cellular concrete is flowable and self-leveling it can be installed using gravity. Owing to the benefits such as high-quality insulation properties and being cost-effective, the infrastructure industries prefer to replace conventional concretes with cellular concretes. Due to the resistance to harsh climatic conditions, road construction projects will be using large volumes of cellular concretes for construction, thus giving a boost to the global market.
The increase in the use of cellular concrete in various application sectors is anticipated to augment the market growth over the forecast period. Cellular concrete is highly used in the construction of buildings and roads because of its capability to resist even difficult weather. The fact that the fly ash-based cellular concrete is environment friendly since it is made of industrial waste has furthermore triggered consumers to adopt the cellular concrete which has fuelled the market growth.
This is attributable to the fact that most of the cellular concrete goods are furnished in it such as blocks, panels, slabs, and lintels. The road sub-bases segment has also been projected to grow and augment the cellular concrete market growth owing to its properties of thermal insulation, termite proof, and resistance to freezing issues. The application segment also includes void filling, bridge abutment, concrete pipes, roof insulation, and others.
The infrastructure uses includes annular space grouting, utility pipe abandonment, soil stabilization, utility trench fill, overpass abutment fill, and various others. The increase in demand for a strong and lightweight base in poor soils, constructions, and its eco-friendly property has likely to drive the market growth. The other end-user sectors of the cellular concrete market are commercial buildings, residential buildings, agriculture, mining, and others.
Report Attributes | Report Details |
---|---|
Report Name | Cellular Concrete Market |
Market Size in 2023 | USD 363.42 Million |
Market Forecast in 2032 | USD 482.53 Million |
Growth Rate | CAGR of 3.2% |
Number of Pages | 110 |
Key Companies Covered | Acico, Aerix Industries, Aircrete Europe, Broco Industries, Cellucrete, Cellular Concrete Technologies, Llc, Cematrix Corporation, Laston Italiana Spa, Litebuilt, and Saint Gobain, among others. |
Segments Covered | By Application, By End-User and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is the fastest-growing region in the cellular concrete market. Countries such as India and China are now increasing their economies by focusing on the manufacturing and infrastructure industries, hence increasing the demand for cellular concretes in the market. China dominates the Asia Pacific region owing to the growing middle-class population, urbanization, and disposable income.
The Europe region accounted for the second largest market share in the forecast period. Europe is also growing its cellular concrete market as the companies are investing in the market to expand their infrastructure.
Some of the key players in the cellular concrete market are
By Application
By End-User
By Region
FrequentlyAsked Questions
Zion Market Research has published a report on the global Cellular Concrete Market, estimating its value at USD 363.42 Million in 2023, with projections indicating that it will reach USD 482.53 Million by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 3.2% over the forecast period 2024-2032.
Some of the key factors driving the global cellular concrete market growth are the increase of urbanization in developing countries is leading to increasing in the building and construction works, thus boosting the demand for cellular concretes.
Asia-Pacific is the fastest growing region in the cellular concrete market. Countries such as India and China are now increasing their economies by focusing on the manufacturing and infrastructure industries, hence increasing the demand for the cellular concretes in the market.
Some of the major companies operating in the cellular concrete market are Acico, Aerix Industries, Aircrete Europe, Broco Industries, Cellucrete, Cellular Concrete Technologies, Llc, Cematrix Corporation, Laston Italiana Spa, Litebuilt and Saint Gobain, among others.
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