Translucent Concrete Market to Grow by a CAGR of ~40% during 2022 – 2031; Increasing Adoption of Sustainable Construction to Boost the Market Growth

Research Nester published a report titled “Translucent Concrete Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global translucent concrete market in terms of market segmentation by application, end-user, and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global translucent concrete market is anticipated to attain a CAGR of ~40% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of end-user into residential, commercial, industrial and others, out of which, the commercial segment is anticipated to hold the notable share over the forecast period owing to the increasing demand for partitions in office, banks, or other commercial spaces, and translucent concrete can deliver an aesthetic look to the space.

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The global translucent concrete market is estimated to grow on the back of increasing adoption of sustainable construction practices, along with rising demand for aesthetical products for construction. Translucent concrete allows light to pass through, which significantly reduces the electricity consumption in lighting the whole place. This concrete is ideal for façade construction, such as, cladding for internal walls, false ceilings, and others. Such factors are estimated to contribute to the market growth.

On the basis of geographical analysis, the global translucent concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of rising construction activities in the region, backed by growing urban population, along with rising concerns regarding greenhouse emissions from buildings.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growing Environmental Concerns to Boost the Market Growth

According to the data by the U.S. Environment Protection Agency (EPA), buildings account for 39% of the total energy use, and 68% of the total electricity consumption in the United States.

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Translucent concrete can significantly reduce energy consumption of a building, as it can lighten up the whole room with one light source. Moreover, it also allows heat to pass through, therefore, significantly saving the energy spent in HVAC systems. Such factors make translucent concrete environment friendly, which is estimated to boost the market growth.

However, high initial investment and high cost of translucent concrete is expected to operate as key restraint to the growth of global translucent concrete market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global translucent concrete market which includes company profiling of Florack Energie GmbH, Beton Brož, sro, Glass Block Technology Ltd., Pan-United Corporation Ltd., Italcementi SpA, LCT GesmbH, CRE Panel GMBH, Dupont Lightstone ApS, LUCEM GmbH, and Litracon ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global translucent concrete market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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AJ Daniel
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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