The new report by Expert Market Research titled, ‘Global Translucent Concrete Market Size, Share, Price, Report and Forecast 2023-2028’, gives an in-depth analysis of the global translucent concrete market, assessing the market based on its segments like application, end use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 3,210 Thousand
- Forecast CAGR (2023-2028): 39.9%
- Forecast Market Size (2026): USD 19,126 Thousand
The non-residential or commercial sector is expected to constitute a bigger portion of the translucent concrete market. Factors such as increasing investments in establishing commercial infrastructure and demand for aesthetic walls and floorings is invigorating the market. Another driver of the market is the demand for translucent concrete for building illuminated roads and night signs for subway, which is expected to push the market ahead. Increasing disposable income of people and consequent want for improved standard of living and growing space of aesthetically pleasing public infrastructure is boosting the market for translucent concrete. Moreover, further research and development in the market of translucent concrete to develop additionally efficient and quality concrete materials is expected to help the market expand in the forecast years.
Translucent Concrete Industry Definition and Major Segments
Translucent concrete is used for the purpose of construction which possesses properties of light-transmission because of the light optical elements embedded into them. It is based on the concept of nano-optics. In case of aesthetic establishments, it works as a façade material and finds use in patterned flooring, walls, pavements, among others.
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Based on application, the market is segmented into:
- Walls
- Roofing
- Flooring
On the basis of end use, the market is divided into:
- Residential
- Non-Residential
The major regional markets include:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Translucent Concrete Market Trends
Expanding investments in the construction industry to build more residential and non-residential spaces owing to growing demand due to boosting urbanisation is expected to provide lucrative opportunities for the translucent concrete market. The expectations of decorated infrastructure in both public and private spaces is propelling the market. For instance, 5-star hotels and offices want to develop a space that is inviting and offer a positive vibe. Adding to this, translucent concrete also has the benefit of being an energy-efficient substitute to the conventional construction material as reduces energy consumption. This attribute is also estimated to help the translucent concrete market during the forecast period. Tourism is also a major factor that pushes the demand for aesthetically designed establishments.
Key Market Players
The major players in the market are Litracon Ltd., Fapinex LLC, CRE Panel GmbH (LUCCON), and LCT GesmbH, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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