Year | Value |
---|---|
2023 | USD 4.13 Billion |
2032 | USD 8.5 Billion |
CAGR (2024-2032) | 8.34 % |
Note – Market size depicts the revenue generated over the financial year
Cellular concrete is the most important new material to be discovered since the invention of concrete. Its lightness, its high degree of insensibility and its superiority over other building materials are the chief reasons for the extraordinary demand which is growing up for it. As the construction industry is increasingly focusing on energy-saving and sustainable solutions, cellular concrete is becoming a popular choice for many different applications, including residential, commercial, and public works. This trend is mainly driven by technological developments in production and increasing investment in the construction of infrastructure, especially in emerging economies. The formulation and application of cellular concrete are also becoming more sophisticated, with companies such as Aercon AAC, Xella Group, and H+H International leading the way with new product launches and strategic alliances. Recent collaborations aimed at improving the performance of cellular concrete, for example, are likely to boost the industry’s growth, thereby contributing to its alignment with global goals for sustainable development.
The Cellular Concrete Market is experiencing significant growth in a number of regions. This growth is primarily a result of the growing demand for lightweight building materials and the growing importance of sustainable building practices. North America has a strong emphasis on innovation and technology, with many building projects focusing on energy efficiency and carbon footprints. Europe is a mature market with stringent regulations promoting the use of sustainable building materials. Asia-Pacific is experiencing rapid urbanization and the development of a growing transport network, which are driving demand for cellular concrete. The Middle East and Africa (MEA) are experiencing rapid growth in the construction industry, particularly in the Gulf Cooperation Council (GCC) countries, where cellular concrete is being used for its thermal insulating properties. Latin America is gradually embracing cellular concrete, as the region’s economic difficulties have led to a greater emphasis on sustainable building practices.
“Cellular concrete can reduce the weight of concrete by up to 80 per cent. Hence it is the material of choice for structures where weight reduction is essential.” — International Journal of Concrete Structures and Materials
The cellular concrete market is experiencing steady growth, owing to its light weight and good insulating properties. The growing need for sustainable building materials and the growing focus on energy-efficient building designs are also driving the demand for cellular concrete. The emergence of government regulations and initiatives to encourage the use of sustainable building materials is also a key driver.
In fact, cellular concrete is now in its initial stages of implementation, with notable examples in the industry and in the projects of companies like Aerix Industries in Europe and North America. Its principal application is in structural components for buildings, including residential and commercial structures, as well as in civil works, such as roads and bridges. The market is being accelerated by the growing demand for sustainable building practices and by government initiatives requiring green building. And the cellular concrete industry is advancing rapidly, with the help of new mixing methods and improved curing procedures that make it suitable for modern construction practices.
From 2023 to 2032, the cellular concrete market is expected to reach $ 8.5 billion, with a CAGR of 8.34%. This growth is based on the growing demand for lightweight building materials, which are increasingly used for their insulating properties and reduced impact on the environment. The growing need for a sustainable building solution is pushing the use of cellular concrete in various applications, such as construction, residential, commercial and infrastructural projects.
There is no doubt that cellulosic concrete is destined to be the material of the future, as the future is now. It is now that the government is promoting the building of the future. It is now that the use of prefabricated building materials is becoming more and more important. It is now that the share of the building materials market is increasing. And by 2032, it is expected that the share of cellulosic concrete in the building materials market will increase significantly.
Covered Aspects:Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 0.9 Billion |
Market Size Value In 2023 | USD 1.0 Billion |
Growth Rate | 6.20% (2023-2032) |
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