The global Translucent Concrete market size is expected to be worth around US$ 45.4 million by 2030, according to a new report by Vision Research Reports.
The global Translucent Concrete market size was valued at US$ 2.7 million in 2020 and is anticipated to grow at a CAGR of 48.8% during forecast period 2021 to 2030.
|Market Size||US$ 45.4 million by 2030|
|Growth Rate||CAGR of 48.8% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Raw material, Application, End use|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||LUCEM GmbH; CRE Panel GmbH; LCT GesmbH; Fapinex LLC; Josef Loacker GmbH; Luccon Lichtbeton GmbH; Gravelli; LiTraCon Bt; Pan-United Corporation Ltd.; Beton Broz (DITON S.R.O); Glass Block Technology Limited; Florack Bauunternehmung GmbH|
Rapidly rising adoption of energy-saving and eco-friendly building materials, especially in the developed economies, is expected to bolster the market growth over the forecast period. The translucent concrete block enables the construction of solid, insulating walls that allows the passage of natural daylighting, along with all other conventional benefits of the concrete wall. Thus, it facilitates the reduction of inefficient windows and electric lighting costs, along with less energy use and lesser energy-related emissions.
The growing application of translucent concrete in residential buildings in the form of wall cladding, roofing, and flooring is steadily increasing the utilization of the product in economies, such as China, Germany, Saudi Arabia, and UAE.
By Raw Material Analysis
The concrete segment led the market and accounted for over 80.0% share of the global revenue in 2020. Fine concrete consisting of cement and sand aggregates is used around 94% to 96% by volume in the whole mixture with the fibers for evenly distribution of light from one side to the surface.
The concrete produced is used as a building material that allows easy transmission of both natural and artificial light and thus helps in the conservation of electric energy during the daytime. Though translucent concrete exhibits various sustainable advantages, it is more expensive and requires handling precautions.
By End-use Analysis
The non-residential segment led the market and accounted for more than 75.0% share of the global revenue in 2020 owing to the use of the material in large commercial buildings such as corporate offices, architectural buildings, and museums.
The market has contributed substantially to the renewable energy sector. In 2018, China inaugurated a patch of two kilometers of a solar highway at Jinan expressway in the Shandong province.
Other areas where translucent concrete is used commercially are logos, designs, furniture, electronic devices such as drive mounts, and subways, where design floors and light-emitting sources are required.
The residential segment is expected to grow at the fastest rate of 48.4% in terms of revenue over the forecast period. Concrete used in household flooring, pavements, partition walls, and others that appears normal at daytime.
By Application Analysis
The wall cladding segment led the market and accounted for over 67.0% share of the global revenue in 2020 due to a broader range of applications, including corporate buildings, architectural monuments, and residential interiors.
The roofing segment is expected to witness significant growth from 2021 to 2030. The growth of the segment is attributed to the rise in demand for the product in residential and commercial buildings.
The flooring segment is expected to register a growth rate of 51.4% from 2021 to 2030, which can be attributed to the product's decorative and appealing properties such as lightweight and durability as compared to the traditional concrete used in flooring.
Other applications of translucent or light-emitting concrete involve the manufacturing of staircases, reception desks, panels, doors, light covers, and others.
By Regional Analysis
Europe dominated the market and accounted for over 30.0% share of the global revenue in 2020 owing to the presence of several translucent manufacturing companies in the region.
The product demand in Europe is regulated by the need for sustainable and energy-efficient alternatives and the trend is expected to continue over the forecast period.
The market in North America is expected to grow at a significant rate over the forecast period. This can be attributed to a rise in product demand, especially in the non-residential end-use segment. Changing lifestyles and the need for sustainable lighting for interior decoration in the homes are further having a positive impact on industry growth.
The demand for light-emitting concrete in Asia Pacific and the Middle East and Africa is likely to witness significant growth over the projected period
CRE Panel GmbH
Josef Loacker GmbH
Luccon Lichtbeton GmbH
Pan-United Corporation Ltd.
Beton Broz (DITON S.R.O)
Glass Block Technology Limited
Florack Bauunternehmung GmbH
By Raw Material
Central & South America
Middle East & Africa
The Translucent Concrete market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Translucent Concrete market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Translucent Concrete market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Translucent Concrete market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Translucent Concrete market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Translucent Concrete capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Translucent Concrete by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Translucent Concrete market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Translucent Concrete market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Translucent Concrete market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Translucent Concrete industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Translucent Concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Translucent Concrete market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Translucent Concrete market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Translucent Concrete market. These factors have benefited the growth of the global market for Translucent Concrete. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Translucent Concrete. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Translucent Concrete are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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