The Cellular Concrete Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Cellular Concrete Global Market Report 2024, The cellular concrete market size has grown strongly in recent years. It will grow from $29.04 billion in 2023 to $31.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to construction industry boom, energy efficiency requirements, infrastructure development projects, government regulations for construction materials, demand for enhanced fire resistance, hurricane and seismic resilience.
The cellular concrete market size is expected to see strong growth in the next few years. It will grow to $40.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green building certifications, renewable energy infrastructure projects, focus on carbon emission reduction, smart city initiatives, affordable housing construction, global population growth. Major trends in the forecast period include integration with 3d printing technologies, lightweight and high-strength variants, technological advancements in production, innovation in mix designs, cost-efficiency.
The growing construction industry is expected to boost the growth of the cellular concrete market going forward. The construction industry refers to the commercial sector of manufacturing and trade that deals with creating, maintaining, and repairing infrastructures. The light weight of cellular concrete aids in managing the weight of construction materials and lifting tasks, aling with the walls' high density makes them resistant to fire for an extended period of time. For instance, in March 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Additionally, after a record growth in 2021 of 12.8%, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, the growing construction industry is driving the growth of the cellular concrete market.
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The cellular concrete market covered in this report is segmented –
1) By Type: Aerated Concrete, Foam Concrete
2) By Density: High, Medium, Low
3) By Application: Building Materials, Road Sub-Bases, Concrete Pipes, Void Filling, Roof Insulation, Bridge Abutment, Other Applications
4) By End User: Residential Buildings, Commercial Buildings, Infrastructure, Other End-Users
Product innovation is the key trend gaining popularity in the cellular concrete market. Major companies operating in the cellular concrete market are focusing on developing innovative products to sustain their position in the market. For instance, in January 2023, Bio Graphene Solutions (BGS), a Canada-based manufacturer and supplier of graphene from non-graphite-based, organic, renewable resources, launched a graphene-enhanced admixture for the concrete market. The graphene admixture can remove at least 15% of the cement content in concrete without compromising the overall concrete product's compression strength performance. Cement is the binding component of concrete that accounts for more than 8% of global CO2 emissions due to its hazardous manufacturing process. Graphene-enhanced admixture is the only product on the market that can facilitate cement removal using graphene's nanotechnology while offering high cost and CO2 savings to its potential customers.
The cellular concrete market report table of contents includes:
1. Executive Summary
2.Cellular Concrete Market Characteristics
3. Cellular ConcreteMarket Trends And Strategies
4. Cellular Concrete -Market
Macro Economic Scenario
5. Cellular ConcreteMarket Size And Growth
6. Cellular ConcreteSegmentation
7.Cellular Concrete Regional And Country Analysis
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27.Cellular Concrete Competitive Landscape And Company Profiles
28.Cellular Concrete Key Mergers And Acquisitions
29.Cellular Concrete Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Compagnie de Saint-Gobain S.A.
- Xella International GmbH
- Cellucrete Corporation
- Cematrix Corporation
- Laston Italiana SpA
- Aerix Industries Inc.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the cellular concrete market include H+H International A/S, Conco, Aerix Industries, Cell-Crete Corporation, CellFill LLC, Xella Group, Aercon AAC, Bauroc, Litebuilt, Cematrix, etc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Cellular Concrete Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/cellular-concrete-market/download-sampleMarket DynamicsThe progressive demand for lightweight, strong, and materials with thermal and acoustic insulation properties is the fundamental driver of the growth of the cellular concrete market.
The growing trend of green building certification is supposed to help the market growth of cellular concrete.
In addition, the increased demand for shock-absorbing concrete to construct insulated roofs will also drive this market's growth.
Moreover, the escalating awareness among the consumers regarding green homes will further boost the market growth of cellular concrete.
