Cellular Concrete Market Size By Application (Building Materials, Road Construction, Void Filling, Bridge Abutment), By Density (High, Medium, Low), By End-user (Residential, Commercial, Infrastructure), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Cellular Concrete Market size exceeded USD 2 billion in 2020 and will showcase a growth rate of around 5.4% CAGR from 2021 to 2027. Growing usage of these materials in road construction, void filling, and other applications is likely to boost the industry growth. The continuous R&D investments and rising usage in non-load bearing residential substructures will further support the demand for cellular concrete.
 

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Growing road & bridges construction activities across the globe along with the increasing demand for green construction materials in the residential sector is expected to drive the market growth. The high investments in construction and infrastructure projects by several economies, such as the U.S., India, China, Germany, the UK, and others, are anticipated to offer new opportunities for industry expansion. For instance, the fiscal 2022 budget of the U.S. proposed USD 57.5 billion highway obligation ceiling. Additionally, the freight and highway projects in the U.S. will receive USD 1 billion funds in fiscal year 2022.
 

The ongoing COVID-19 pandemic has shown severe adverse impacts on the global economies and several industries. Some of the major geographical markets, such as the U.S., Brazil, and several European economies, have been hit the hardest by the pandemic. Countrywide lockdowns in several regions in the first half of FY2021 coupled with delays in several infrastructure development projects and slowdown in the construction industry have drastically declined the demand for foam concrete. Moreover, strict restrictions on the transportation of non-essential goods had impacted every stage of the cellular concrete market supply chain.
 

Growing demand for green building materials and rising usage of cellular concrete in non-load bearing substructures are key trends in building materials

Building materials application is poised to generate USD 1 billion revenue by 2027. In building construction, the material is used in several areas, including screeds, soundproofing, thermal insulation, and the outer leaves of multilevel residential and commercial buildings. The low density and considerable strength of dry foam concrete blocks impose little vertical stress on the substructure, thereby gaining popularity in several non-load bearing substructure applications of commercial & residential buildings. Additionally, the material is termed as green construction material and used in several green building construction projects globally.
 

Medium density segment held more than 22.5% volumetric shares in the cellular concrete market in 2020. The medium density foam has a density range of 601 kg/m³ to 1,199 kg/m³. These products are widely used in void filling, filling of subways, basements, sewage pipes along with several non-load bearing substructures of the buildings. The growing demand for lightweight materials in residential buildings, excellent acoustic and thermal insulation properties of foam concrete will increase its popularity.
 

Rising Infrastructure development investments worldwide are enhancing market revenue

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Infrastructure end-user dominated the cellular concrete market with over 63% of the volumetric shares in 2020. The material is widely used on account of its advantages such as easy filling, cost-effectiveness, time-saving, and others. The dense structure of foam concrete compresses during an impact, increasing the resistance of concrete, thereby absorbing kinetic energy, which is useful in road construction. The excellent freeze/thaw resistance and low density of material offer stable long-lasting solutions for several unfractured applications.
 

The rising infrastructure development sector in North America to fuel the industry statistics

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The North America cellular concrete market size is projected to witness a considerable demand through 2027, growing at the rate of 5.1% CAGR. The rising road infrastructure development investments across the U.S. and Canada coupled with the growing demand from residential & commercial construction sectors will augment the regional market demand. The region is observing large demand backlog for foam concrete due to growing construction activities. For instance, according to Cematrix Corporation presentation published in August 2021, as of June 2021, the company’s current backlog for cellular concrete was about USD 94 million. However, expansion of the distribution network in the region by industry players and mergers & acquisitions will propel the business growth.
 

Mergers & acquisitions, expansion of distributors network, R&D investment to foster the market competitiveness

Key players engaged in the cellular concrete market include Cematrix Corporation, Cell-Crete Corporation, Conco, Aerix Industries, CellFill, LLC, Laston Italiana S.P.A., GEOFILL LLC, among others. Companies are engaged in mergers & acquisitions, strategic agreements with raw material suppliers, securing infrastructure contract projects from regional governments, R&D, and expansion of distribution network to expand their market share.
 

This cellular concrete market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in thousand cubic meter & revenue in USD million from 2017 to 2027 for the following segments:

Market, By Application (Thousand Cubic Meter) (USD Million)

• Building materials
• Road construction
• Void filling
• Bridge abutment
• Others

Market, By Density (Thousand Cubic Meter) (USD Million)

• High
• Medium
• Low

Market, By End-user (Thousand Cubic Meter) (USD Million)

• Residential buildings
• Commercial buildings
• Infrastructure
• Others

Market, By Region (Thousand Cubic Meter) (USD Million)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
• Asia pacific
  • China
  • India
  • Japan
  • South Kore
  • Indonesia
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE