Translucent Concrete Market Report Focusing on Industry Share, Growth, Size and Forecast 2027
According to the report published by Allied Market Research, the global translucent concrete market generated $2.46 million in 2019, and is estimated to reach $21.02 million in 2027, registering a CAGR of 39.9% from 2020 to 2027. The report offers an extensive analysis of changing market trends, top winning strategies, business performance, key market players, and competitive landscape.
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Further, the cost of the production of translucent concrete is high owing to use of optical fibers in the concrete structure. The alternate placement of optical fiber and concrete needs special skilled labor that is not available easily. However, increase in awareness about energy conservation amongst the people is expected to boost the opportunity of using translucent concrete as walls for residential as well as non-residential infrastructures.
• During the coronavirus pandemic, a number of construction projects have been stopped due to shortage of workers and the essential stuff that have been banned during the lockdown.
• Moreover, there is negative impact on the economic growth of construction companies during coronavirus pandemic, which in turn, reduces the demand for the translucent concrete.
Get detailed COVID-19 impact analysis on the Translucent Concrete Market:https://www.alliedmarketresearch.com/request-for-customization/6667?reqfor=covid
Based on region, Europe contributed the highest share, accounting for nearly three-fourths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, North America is expected to grow at the highest CAGR of 51.3% from 2021 to 2027.
Leading market players analyzed in the research include Fapinex LLC., Glass Block Technology Limited, UNStudio, Josef Loacker GmbH (LUCCON GmbH), Dupont Lightstone, LCT GesmbH, Litracon Ltd., Lucem Gmbh, Pan-United Corporation Ltd., and HeidelbergCement AG (Italcementi SpA).
Key Findings Of The Study
• By application type, the walls segment was the highest revenue contributor in 2019.
• By end-user, the non-residential segment was the highest revenue contributor in 2019.
• By region, Europe contributed the highest in translucent concrete market share in 2019, followed by Asia-Pacific and LAMEA.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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