Cellular Concrete Market 2024-2033: Global Outlook, Industry Share, Latest Trends And Major Players

The Business Research Company recently released a comprehensive report on the Global Cellular Concrete Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The cellular concrete market size has grown strongly in recent years. It will grow from $29.04 billion in 2023 to $31.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to construction industry boom, energy efficiency requirements, infrastructure development projects, government regulations for construction materials, demand for enhanced fire resistance, hurricane and seismic resilience.

The cellular concrete market size is expected to see strong growth in the next few years. It will grow to $40.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green building certifications, renewable energy infrastructure projects, focus on carbon emission reduction, smart city initiatives, affordable housing construction, global population growth. Major trends in the forecast period include integration with 3d printing technologies, lightweight and high-strength variants, technological advancements in production, innovation in mix designs, cost-efficiency.

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Market Drivers and Trends:

The growing construction industry is expected to boost the growth of the cellular concrete market going forward. The construction industry refers to the commercial sector of manufacturing and trade that deals with creating, maintaining, and repairing infrastructures. The light weight of cellular concrete aids in managing the weight of construction materials and lifting tasks, aling with the walls' high density makes them resistant to fire for an extended period of time. For instance, in March 2023, according to a report published by the Office for National Statistics, a UK-based producer of official statistics, in the fourth quarter of 2022, quarterly construction production increased by 0.3% compared to the third quarter of 2022. Additionally, after a record growth in 2021 of 12.8%, the annual production of construction climbed by 5.6% in 2022 compared to 2021. Therefore, the growing construction industry is driving the growth of the cellular concrete market.

Product innovation is the key trend gaining popularity in the cellular concrete market. Major companies operating in the cellular concrete market are focusing on developing innovative products to sustain their position in the market. For instance, in January 2023, Bio Graphene Solutions (BGS), a Canada-based manufacturer and supplier of graphene from non-graphite-based, organic, renewable resources, launched a graphene-enhanced admixture for the concrete market. The graphene admixture can remove at least 15% of the cement content in concrete without compromising the overall concrete product's compression strength performance. Cement is the binding component of concrete that accounts for more than 8% of global CO2 emissions due to its hazardous manufacturing process. Graphene-enhanced admixture is the only product on the market that can facilitate cement removal using graphene's nanotechnology while offering high cost and CO2 savings to its potential customers.

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Major Key Players of the Market:

Compagnie de Saint-Gobain S.A.; Xella International GmbH; Cellucrete Corporation; Cematrix Corporation; Laston Italiana SpA; Aerix Industries Inc.; ACICO Group; Cellular Concrete Technologies LLC; CellFill LLC; Pan Pacific Management Resources Pty. Ltd.; CEMEX S.A.B. de C.V.; Skystone Gypsum Company; Cell-Crete Corporation; GS Foam Concrete; AKG Gazbeton GmbH & Co. KG; Alamo Group Inc.; Cementir Holding S.p.A.; Cementos Mexicanos S.A.B. de C.V.; Chryso SAS; Diemenier Beton- und Baustoffwerke GmbH & Co. KG; EcoCoc AG; Elematic Oyj; Expancel AB; Fosroc International Limited; GCP Applied Technologies Inc.; Geopolymer Solutions Pty. Ltd.; H+H International A/S; Hebel Australia Pty. Ltd.; Holcim Group Support Ltd.; LafargeHolcim SA; Litebuilt Structures LLC

Cellular Concrete Market 2024 Key Insights:

• The cellular concrete market will grow to $40.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
• Construction Industry Expansion Fuels Cellular Concrete Market Growth
• Innovative Advancements In Cellular Concrete Products
• Asia-pacific was the largest region in the cellular concrete market in 2023

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