Translucent Concrete Market Research Report: Information by Raw Material Type (Concrete, Optical Elements), Application (Facade & Wall Cladding, Flooring) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2027
ID: MRFR/CO/7179-HCR | February 2021 | Region: Global | 107 pages
Translucent Concrete Market Synopsis
Translucent Concrete Market was valued at USD 1.2 Million in 2018 and is expected to witness a CAGR of around 16.2% during the forecast period.
In the construction sector, concrete as a building material is a very important factor that acts as a backbone for building structure. Skyscrapers and high-rise buildings are popular in metropolitan areas across the world, especially in countries with dense populations. This is attributed to the demand for maximum space utilization and also because of the economic development of the world. Nowadays, artistic designs and reputation of concrete leaves behind much to be demanded despite of popularity and versatilely. Translucent concrete, on the other hand, is a building material manufactured using translucent cement and optical materials which caters to light transmissive properties. Translucent concrete also called transparent concrete was first introduced by Aron Losonczi in 2001 which was later also named as literacy concrete in 2003.
The global market for translucent concrete has been witnessing high growth in the past couple of years. The demand for translucent concrete is expected to be driven by increasing demand for high esthetic designs and innovative building construction. However, translucent concrete buildings demand high capital investments, in which only translucent concrete cost or literacy costs dominate the cost structure of the building.
The global market for translucent concrete market is expected to grow with a significant pace as it makes energy efficient design to buildings coupled aiding the artistic décor of the structure. Moreover, the translucent concrete buildings require heavy capital cost and skilled labors which is anticipated to hinder the market growth during the forecast period. Moreover, the introduction and utilization of translucent concrete is expected to create an opportunity for the translucent concrete manufacturers in the translucent concrete market.
Global Translucent Concrete Market: Regional Analysis
The global translucent concrete market has been segmented, based on region, into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2018, Middle East & Africa held the largest share in the global translucent concrete market, followed by Europe; it is expected to continue its dominance until 2025.
Europe region is anticipated to register higher growth rate owing to the increasing R&D investments for product innovation and development of optical materials for concrete.
Global Translucent Concrete Market: Segmentation
The Global Translucent Concrete Market has been segmented based on raw material type and application. Based on raw material type, the global market is segmented by concrete and optical elements. The concrete held the largest market share of the global translucent concrete market in 2018 and is expected to witness the highest CAGR during the forecast period.
Based on end-use industry, the global market has been segmented into construction & infrastructure and others. The construction & infrastructure industry segment held the largest market share of the global translucent concrete market.
Key Industry Participants
The Key Industry Participants in the Global Translucent Concrete Market are 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).
Intended Audience
- Raw material suppliers
- End users
- Product manufacturers
- Regulatory bodies
- Market research and consulting firms
- Associations and industrial bodies
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | 16.2% CAGR (2020-2027) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| 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) :
Global translucent concrete market is projected to grow at approximately 16.2 % CAGR during the assessment period (2019-2025).
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.