Cellular Concrete Market Analysis

Cellular Concrete Market Analysis

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.

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 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.