Translucent Concrete Market Report Focusing on Industry Share, Growth, Size and Forecast 2027

The demand for the roofing segment is expected to increase with the awareness created to conserve electricity. Moreover, on the basis of end user, the walls segment dominated the market and is expected to remain dominant during the forecast period as the use of translucent concrete enhances the aesthetic look of the building as well as helps save energy.

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.

Covid-19 scenario:
• 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.

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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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