Press release
At a CAGR of 39.9%, Translucent Cconcrete Market Witnessing Stunning Growth in Near Future 2027
Translucent Cconcrete Market
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.
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COVID-19 scenario-
• With the outbreak of the disease, a lot of construction projects have been delayed due to the shortage of workers and several other constraints on board. Consequently, the global translucent concrete market has been impacted badly.
• Also, given the impact of the slowdown in economic growth, there has been a steep decline in the demand for translucent concrete installations all over the world.
• However, the second quarter of the financial year 2020-21 is expected to witness a considerable growth in the market.
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.
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Key Market Segments:
By Application
• Walls
• Roofing
• Flooring
By End User
• Residential
• Non-residential
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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