ID: MRFR/CO/3886-HCR | February 2021 | Region: Global | 100 pages
The cellular market value had been estimated to reach a final market value worth USD 337.6 million during the historic forecast period that had ended in 2019. However, for the ongoing forecast period of 2021-2028, the market is projected to reach a final market value worth USD 449.8 million. The global cellular concrete market is likely to attain a global market CAGR of 5.9%.
The cellular market has been formed with the help of including the mixing of a series of raw materials like gravel, foaming agents, and others like sand and fly ash. These raw materials are available in the global cellular concrete market premises and the prominent market players have a huge role in development because of the performance of the market players that are spread in various global locations.
Cellular concrete is considered a lightweight cement-based material that contains a large number of gas bubbles that are produced by the processes related to maturing and blending a mixture of cement, water, filler, and agent-generating cells. The increasing restructuring and remodeling of homes are likely to be responsible for the growth of the market. However, the outbreak of the COVID-19 pandemic has changed the entire scenario. The outbreak of the epidemic has spread across the globe and has impacted various industries positively as well as negatively. The negative impact on the industries has resulted in a slowdown of the economy of the various nations. The construction industry is one of the adversely affected by the COVID-19 pandemic. The lockdown that has been imposed by the government to contain the spread of the pandemic has halted the construction activities in the global market premises. This has resulted in delays in the construction projects. This, in turn, is further, decreasing the demand for cellular concrete, which is used in the construction or restructuring of the building, amongst others.
However, the lifting of restrictions followed by the increase in investments and funding will help the growth of the cellular concrete market and hence, pull the players from a hard time that has been deliberately imposed.
There has been a huge rise in the cellular concrete market value that is a result of the developments like mergers and acquisitions amongst others like joint ventures and investments that will help the market to propel. The rising competition in the market is a result of the efforts of the following market players:
The cellular concrete market size has been witnessing an increasing degree of urbanization and industrialization and is followed by the propelling need for new construction. This has increased significantly throughout the world, and has hence, played a huge part in providing the necessary momentum to the global market especially during the forecast period that ends in 2028. The market was able to ace the drawbacks of the economic slowdown between 2007 and 2009. The recovery of the global economy after the pandemic is also likely to boost the demand for the cellular concrete market.
Europe is emerging as the hub of major autoclaved aerated concrete block manufacturers. However, the spread of COVID-19 from China to the major countries in the European nation has suspended the construction activities that are a part of the cellular concrete market. This is likely to create a lot of hindrances for the growth of the market. The rapid increase in the construction activities in emerging economies like China, India, and Singapore have faced a major delay in infrastructure development owing to the spread of novel coronavirus pandemic from China. Besides, there has been a major disruption in the supply chain activities due to the spread of COVID-19 is also impacting the projected growth of the market.
The global market vendors that are operating in the global market premises strive to deliver the best quality products and services, and hence, are based on innovative technologies, and best practices. These key players of the market are likely to make a substantial investment in the research and development department and to secure a guaranteed resource for the customers. The rising market investment is likely to help the market opt for major developments and employment of technology that will help the cellular concrete industry expand at an excellent rate.
The cellular concrete industry is undergoing a major degree of development in the global market premises owing to the distribution of the market based on various market segments and the splendid performance that has been recorded by the following:
The cellular concrete market has been segmented based on the application and includes building material, road sub-bases, concrete pipes, roof insulation, bridge abutment, and others.
The cellular concrete market has been segmented based on the end-users and includes sub-segments like residential and non-residential. The Non-residential dominates the end-user segment of the market. The governments belonging to both the developing and developed economies are focusing on the development of public infrastructure which will boost the demand for cellular concrete in this global segment. This concrete is used for the construction of commercial buildings and infrastructures such as office spaces, shops, restaurants, amongst others like hotels, industrial buildings, schools, and hospitals.
The Asian Pacific region is projected to dominate the cellular concrete market share during the ongoing forecast period that ends in 2028. The APAC region had dominated the cellular concrete market both in terms of market volume and value. There is an increased demand for lightweight and low-cost construction materials in major participating countries that including China and India. The prominence in these countries is driving the global growth of the market in the Asia-Pacific region and the included countries. The industry players are further, adopting strategies such as expansions, new product developments, and joint ventures and hence, resulting in the expansion of their global presence.
The Cellular Concrete Market report comprises extensive research and a detailed analysis covering the qualitative as well as quantitative aspects by various industry experts followed by the key opinion leaders that help to gain a deeper insight into the market and industry performance. The report further, gives a clear picture of the current market scenario which includes both the historical and projected market size including the value and volume and other aspects like technological advancement, macroeconomic, and governing factors in the global market. The report also provides deep details of the information and strategies of the top key players in the industry. The report also helps to give a broad study of the different market segments and regions.
|Market Size||2030: Significant Value|
|CAGR||5.5% CAGR (2022-2030)|
|Forecast Period||2022 to 2030|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, End-user, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Saint Gobain (France), Xella Group (Germany), Cellucrete (U.S.), Cematrix (Canada), Litebuilt (Australia), Laston Italiana S.P.A (Italy), Cellular Concrete Technologies (U.S.), Aerix Industries (U.S.), ACICO (Kuwait), B. G. Shirke Construction Technology Pvt. Ltd (India), Broco Industries (Indonesia), Conco (U.S.), JK Lakshmi Cement Ltd (India), CellFill, LLC (U.S.), and Aircrete Europe (Netherlands).|
|Key Market Opportunities||Increasing home improvement and renovation projects|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
● Conco (U.S.) ● Litebuilt (Australia) ● Laston Italiana S.P.A (Italy) ● Broco Industries (Indonesia) ● Cellular Concrete Technologies (U.S.)
The APAC region, as a participating market region is likely to help the market expand at an excellent market rate during the period.
The global market is expected to attain a global market CAGR of 5.9% during the ongoing forecast period that will be ending in 2028.