According to a new market report published by Lucintel, the future of the translucent concrete market looks promising with opportunities in the residential & commercial construction and infrastructure sectors. The global translucent concrete market is expected to grow with a CAGR of 27.5% from 2020 to 2025. The major drivers for this market are rising awareness of the use of environmentally friendly construction materials and growing demand for aesthetical products for construction.
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Translucent concrete is a concrete based building material with light-transmissive properties due to embedded light optical elements, usually optical fibers. In this market, facade & wall cladding and flooring are the major applications of translucent concrete. Lucintel forecasts that facade & wall cladding will remain the largest application segment over the forecast period, as they offer natural light transmission saving electrical energy, weather insensitiveness, durability, and high strength due to the presence of concrete as a raw material.
Within this market, residential & commercial construction will remain the largest end use segment over the forecast period due to growing urbanization and increasing disposable income.
Asia Pacific will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to the growing construction sector in this region which is going through a phenomenal growth phase, strong government support, and massive ongoing projects.
Litracon, LUCEM, Dupont Lightstone, CRE Panel, LCT, Italcementi, Pan-United, Beton Broz, Glass Block Technology, and Florack Bauunternehmung are among the major suppliers in the global translucent concrete market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global translucent concrete market by raw material type, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Translucent Concrete Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global translucent concrete market by raw material type, application, end use, and region as follows:
By Raw Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Concrete
Optical Elements
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Facade & Wall Cladding
Flooring
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Residential & Commercial Construction
Infrastructure
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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