Impact of COVID-19 on the Cellular Concrete Market
Cellular concrete is a lightweight cement-based material that contains the large number of gas bubbles produced by maturing and blending of a mixture of cement, water, filler, and agent generating cells. The increasing restructuring and remodeling of homes are responsible for the growth of the market. However, the COVID-19 pandemic has changed the entire scenario. The epidemic has spread across the globe and has impacted various industries positively as well as negatively. The negative impact on the industries has slowdown the economy of the various nations. The construction industry is adversely affected by the COVID-19 pandemic. The lockdown imposed by the government in order to contain the spread of the pandemic has halted the construction activities, which resulted in the delay in the construction projects. This, in turn, is decreasing the demand for cellular concrete, which is used in the construction or restructuring of the building. Besides, the disruption in the supply chain activities due to the spread of COVID-19 is also impacting the growth of the market. Europe is the hub of major autoclaved aerated concrete block manufacturers. However, the spread of COVID-19 from China to the major countries in Europe has suspended the construction activities, which is hindering the growth of the market. The rapidly increasing construction activities in emerging economies such as China, India, and Singapore have faced a delay in infrastructure development owing to the spread of pandemic from China, which is also hampering the growth of the market.
GDP GROWTH RATE IN TOP COUNTRIES, 2010–2020 (%)