Press release
Translucent Concrete Market is Flourishing due to Rising Emergence of Robotics In Construction Drives Growth a CAGR of 39.9% - 2027
Translucent concrete is an energy efficient material that can be used to reduce the usage of the energy consumption that is used for lighting systems in the internal spaces of the buildings during daytime. Usage of translucent concrete to build walls of the buildings reduces the consumption of energy. Further, it also helps cut the overall operating cost of building. Moreover, translucent concrete can be used to enhance the aesthetic look of the infrastructure. For instance, translucent concrete can be used as façades for the infrastructure to attract attention of the public. This includes restaurants, museums, malls, and indoor theatres.The global translucent concrete market size accounted for $2,469.7 thousand in 2019 and is expected to reach $21,022.8 thousand by 2027, registering a CAGR of 39.9% from 2020 to 2027. In 2019, Europe dominated the global translucent concrete market, in terms of revenue, accounting about 74.5% share of the global translucent concrete industry, followed by Asia-Pacific and LAMEA.
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Leading Players:
The key players analyzed in the global translucent concrete market are Dupont Lightstone, Fapinex LLC, Glass Block Technology Limited, HeidelbergCement AG (Italcementi SpA), Josef Loacker GmbH (LUCCON GmbH), LCT GesmbH, Litracon Ltd., Lucem Gmbh, Pan-United Corporation Ltd., and UNStudio.
Key Market Segments
By Application
• Walls
• Roofing
• Flooring
By End User
• Residential
• Non-residential
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Regional Analysis:
Region wise, the translucent concrete market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, Denmark, Italy and rest of Europe), Asia-Pacific (China, Japan, South Korea, India and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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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