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Growing Residential Construction Expands The Light-Emitting Cement Market Growth To Enhance Safety And Aesthetics Emerges as a Core Driver of the Light-Emitting Cement Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Light-Emitting Cement Market Through 2025?
The market for light-emitting cement has seen a massive expansion recently. The market is projected to rise from $3.70 billion in 2024 to $5.63 billion in 2025, indicating a compound annual growth rate (CAGR) of 52.4%. This high growth during the historical period could be attributed to the surge in sustainability efforts, increased urbanization, expansion in its usage among end-users, augmented government concentration, and stricter environmental regulations.
What's the Projected Size of the Global Light-Emitting Cement Market by 2029?
The market size of light-emitting cement is projected to experience massive growth in the coming years. It is expected to achieve a value of $30.11 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 52.0%. This growth during the forecast period is the result of factors such as improved energy efficiency, increased residential construction, alignment with smart city directives, a higher focus on sustainable and energy-efficient building materials, and the rise in smart city development. Moreover, during the same forecast period, key trends including strategic partnerships between market participants, advancements in visually appealing building materials, incorporation of optical fibres or luminescent additives into cement production, technological progress, and the innovative use of environmental-friendly raw materials are expected to be observed.
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Top Growth Drivers in the Light-Emitting Cement Industry: What's Accelerating the Market?
The anticipated expansion in residential construction is predicted to propel the growth of the light-emitting cement market. Developments and remodelling done for residential purposes, incorporating houses, apartments, and various living arrangements, are all part of residential construction. This sector is escalating due to swift urbanization leading to an influx of individuals to urban areas, thereby boosting the demand for additional residency to cater to the growing populace. The benefits of using light-emitting cement in residential construction include enhanced visibility during night-time, reduced reliance on artificial lighting, and a noteworthy contribution towards energy effectiveness in exterior and trail spaces. For instance, the National Association of Realtors, a US-based trade association, reported in May 2024 that sales of existing homes rose by 9% that year, reaching 4.46 million, up from 4.09 million in 2023. Therefore, the bourgeoning residential construction is contributing to the light-emitting cement market growth. The soaring green construction is also propelling the market growth for light-emitting cement due to increasing preference for sustainable building solutions. Green construction embodies the method of constructing buildings with a strong emphasis on environmental sustainability and efficient utilization of resources across all stages, from planning to demolition. The popularity of green construction is on the rise because of growing environmental consciousness, as it contributes significantly to carbon emission reduction and minimizes the ecological footprint of establishments. Light-emitting cement aids in green construction by minimising the dependency on artificial lighting, thereby preserving energy and fostering environmentally friendly construction solutions. A December 2024 report by the Green Building Council Australia, a government agency, revealed that the Australian building sector surpassed a noteworthy benchmark that year with over 1,000 buildings, fitouts, and precincts achieving green star certification for their sustainable accomplishments. Additionally, certification submissions doubled from 2023 levels, boasting more than 120 project applications and over 150 inquiries within a three-month span. Hence, the surging green construction is propelling the growth of the light-emitting cement market.
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What Are the Main Segments in the Light-Emitting Cement Market?
The light-emitting cement market covered in this report is segmented -
1) By Raw Material: Concrete, Fiber
2) By Application: Wall Cladding, Roofing, Flooring, Other Applications
3) By End User: Residential, Non Residential
Subsegments:
1) By Concrete: Precast Concrete Panels, Reinforced Concrete, High-Performance Concrete, Lightweight Concrete, Ready-Mix Concrete, Self-Healing Concrete, Ultra-High Performance Concrete (UHPC), Recycled Aggregate Concrete
2) By Fiber: Glass Fiber, Carbon Fiber, Synthetic Fiber, Natural Fiber, Steel Fiber, Basalt Fiber, Aramid Fiber, Hybrid Fiber Composites
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Which Top Companies are Driving Growth in the Light-Emitting Cement Market?
Major companies operating in the light-emitting cement market are Cemex SAB De CV, Italcementi Spa, Pan-United Corporation Ltd., Orient Cement, Sanghi Industries, Chryso Inc., Florack Bauunternehmung GmbH, Naidu Consulting Ltd., Aarka Technology Pvt. Ltd., LUCCON Lichtbeton GmbH, LUCEM GmbH, LiTraCon Bt, Fapinex LLC, Glass Block Technology Limited, Kann GmbH, Nova Formworks Pvt. Ltd., Pavers India Company, Gravelli, LCT GesmbH, and Resocrete Composites.
Which Regions Will Dominate the Light-Emitting Cement Market Through 2029?
Europe was the largest region in the light-emitting cement market in 2024. The regions covered in the light-emitting cement market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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