ID: MRFR/CO/7179-HCR | February 2021 | Region: Global | 107 pages
In 2019, the global translucent market value is registered as $2,469.7 thousand and is estimated to grow the translucent market size of $21,022.8 thousand with a growing CAGR of 39.9% during the forecast period (2021-2028).
Translucent concrete is also called light-transmitting concrete which has the light transmission property. This is due to light optical material. Optical fibers are used in the concrete carrying light from one side of the wall, roof, or floor to the other end, then the light should pass through the entire concrete block. Hence the optical fiber is passed through the entire panel of the concrete. Depending on the structure of the optical fibers, the light passed through optical fibers falls on the wall to pass through the concrete wall creates a light pattern on another side of the wall.
Translucent concrete is made up of fine concrete and optical fibers. Fine concrete contains sand and cement. The translucent concrete is fabricated by placing an optical fiber layer between two concrete sheets. Moreover, this translucent concrete is used as walls or partitions in buildings. This allows the light to pass through the wall which reduces electricity usage by operating the lighting system that is used during the daytime. This is also used as walls for sidewalks that keep the sidewalks illuminated by external daylight. It can be used as a wall partition and place the optical fiber to transmit light through the partition to look beautiful. Apart, these translucent concrete blocks are used for floors that look normal in the daytime and shine at the night due to the illumination beneath them.
The COVID-19 pandemic is adversely affected various industries specifically in the first two quarters of 2020. In the same way, the translucent concrete market is also negatively impacted. The coronavirus is rapidly spread all over the world from one place to another. To curb the spread of the virus, most of the country's governments implemented various stringent regulations like lockdowns, transportation bans, educational sectors off, and many more. The World Health Organization (WHO) declared this virus as a pandemic and releases a few rules to stay safe.
Due to the lockdowns, the manufacturing industries faced a lot of issues like supply chain disruptions, shortage of workers, and lack of raw materials that leads to the stoppage of production of translucent concrete. Moreover, these industries are shut down for a few days which reduces the demand for the product. In this way, the pandemic is affected by chemical & materials products. Apart, due to lockdown, the construction activities are halted which reduces the usage of the translucent concrete. Rapidly, from the third quarter of 2020, everything was changed and the growth of the market will be raised.
The prominent key players in the translucent concrete market outlook are the following:
Growing demand for high esthetic designs, reducing initial maintenance, and innovative building constructions are the factors driving the growth of the market. The translucent concrete can be used as roofing for the subways where energy consumption is used to operate the lighting system in the subway during the daytime which further propels the growth of the market.
Additionally, increasing the usage of translucent concrete in flooring applications like commercial buildings, residential buildings, restaurant floorings, railway floorings, footpaths or walking tracks in gardens and staircases are satisfying the aesthetical requirements of construction which further boosts the demand for the translucent concrete market. Due to its various features, it is preferred in multiple applications in various industries which accelerates the demand for the translucent concrete in the market.
Translucent concrete buildings require high investments where the translucent concrete cost is more than the cost structure of the building which is restraining the market growth.
The introduction and usage of translucent concrete may create an opportunity for the manufacturers of translucent concrete in the market.
The construction of translucent concrete buildings requires skilled labor which is the major challenge of the market growth.
The global translucent concrete market has been divided into segments based on raw material type, application, and region.
The translucent concrete market types are bifurcated into concrete and optical elements. Out of these two, the concrete segment is holding the largest market share during the forecast period. The concrete material offers strength to the final product when it is used. Whereas optical element is one of the major components used in the construction of translucent concrete products and these are very expensive. A huge amount of concrete is required to attain the higher strength of the translucent concrete whereas optical elements are required in a smaller volume.
The translucent concrete market by application is classified into a few types as construction & infrastructure, and others. Among them, the construction & infrastructure segment is dominating the highest market share due to the growing urbanization. Translucent concrete is having the ability to pass light through it. The growing spending power, demand for aesthetical and decorative buildings, and the requirement of energy conservation are the factors enhancing the market growth.
Region-wise, the global translucent concrete market is categorized into five main geographies like Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Out of these regions, the Middle East & Africa is dominating the largest market share due to the increase in the construction sector through a phenomenal growth phase, by the strong government support, and massive ongoing projects.
Geographically, the translucent concrete market is divided into five major regions such as North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. Among them, the Middle East & Africa is holding the highest translucent concrete market share due to the rise in the construction sector through a phenomenal growth phase, by the strong support of the government, and massive ongoing projects. In this region, translucent concrete is used for enhancing the aesthetic looks of the mosque and the wall of a bank.
The positive growth in the construction & infrastructure industry is driving the market growth in this region. Moreover, the government's focus on new avenues like residential and commercial construction reduces the country’s dependency on the oil & gas sector that is propelling the growth of the market in Saudi Arabia in this region.
This global translucent concrete market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the translucent concrete market drivers, restraints, challenges, and opportunities. The translucent concrete market forecast segments into three forms as raw material type, application, and region.
The translucent concrete market trends have been segmented into three forms globally based on the raw material type, application, and region.
Concrete and optical elements are two types of the market.
Construction & Infrastructure, and others are a few applications.
Asia-Pacific, Europe, North America, South America, and the Middle East & Africa are the five main geographies included in the global market.
|Market Size||2030: Significant Value|
|CAGR||16.2% 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||Raw Material Type, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||LUCEM GmbH (Germany), Litracon Ltd (Hungary), CRE Panel GmbH (Austria), Dupont Lightstone (Denmark), Italcementi SpA (Italy), LCT GesmbH (Austria), Pan-United Corporation Ltd (Singapore), Beton Broz (Czech Republic), Florack Bauunternehmung GmBH (Germany), and Glass block technology limited (UK).|
|Key Market Opportunities||Literacy costs dominate the cost structure of the building|
|Key Market Drivers||Increasing demand for high esthetic designs and innovative building construction|
Frequently Asked Questions (FAQ) :
Approximately 39.9% CAGR.
Global translucent concrete market had created a valuation of around USD 1.2 MN in 2018.
Based on raw material type, the segment and based on end-use industry, the construction & infrastructure industry segment holds the majority of market share in the global translucent concrete market.
The Middle East & Africa holds the largest share in the global translucent concrete market, followed by Europe, North America, and the Asia Pacific respectively.
Litracon Ltd (Hungary), GmBH (Germany), Dupont Lightstone (Denmark), Florack Bauunternehmung, Glass Block Technology Limited (UK), Beton Broz, sro, (Czech Republic), LUCEM GmbH (Germany), Pan-United Corporation Ltd (Singapore), LCT GesmbH (Austria), CRE Panel GmbH (Austria), and Italcementi SpA (Italy), are some of the top players operating in the global translucent concrete market.