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Cellular Concrete Market size worth around $3 Bn by 2027
- Published Date: September 29, 2021
Cellular Concrete Market size is estimated to reach USD 3 billion by 2027, according to a new research report by Global Market Insights Inc.
Cellular concrete is gaining traction on account of its light in weight and very fluid property. It is better than the conventional construction materials due to its excellent mechanical properties such as low density, high strength, and resistance against fire. These characteristics make it ideal for modern constructions. Since the disposal of fly ash is pricey, its reuse in cellular concrete production helps to make this process more economical. It also makes the product environment-friendly, a feature that would further increase the cellular concrete market demand.
Cellular concrete provides capillary blockages by reducing road damages caused by frost and adverse weather conditions. Further, cellular concrete is less thick as compared to other construction materials, propelling the industry growth.
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The road construction segment to boost the market revenue
Based on application, the road construction segment is expected to showcase 6.1% CAGR through 2027. Some excellent properties of cellular concrete, such as lightness, high compressive strength, freeze thaw resistance, and water absorption properties, increase the service life of road pavements. Moreover, rising investment in road construction by several economies such as the U.S., UK, Germany, China, India, among others likely to drive the market growth.
Browse key industry insights spread across 179 pages with 210 market data tables & 14 figures & charts from the report, “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” in detail along with the table of contents:
The high-density cellular concrete market to generate USD 570 million revenue by 2027, growing at 4% CAGR. The structural concrete bears a density ranging from 1,200 kg/m3 to 1,800 kg/m3. It is used in the construction of partitions and load-bearing walls and in the production of prefabricated blocks for load-bearing masonry, thereby increasing the demand for cellular concrete.
The residential construction sector will showcase significant growth
In terms of end users, the residential sector is estimated to capture over USD 620 million valuation by 2027. In residential buildings, this advanced concrete product is applicable as a reinforced material for walls, roofs & floors, and partition panels. Cellular concrete is also used in the construction of prefabricated wall systems for residential buildings owing to its moisture-resistant properties. Additionally, the growing awareness of consumers, especially in the developed countries of Europe & North America, with respect to the energy benefits associated with green homes is set to drive the cellular concrete market in the residential sector.
Asia Pacific is a major consumer in the aerated concrete market led by its growing construction projects. The region dominated the market with around 51% of the revenue shares in 2020. The infrastructure industry in APAC is poised to grow at a rate of 7% to 8% and reach USD 5.36 trillion by 2027. Such an upward trend in the construction sector would increase the demand for building materials. As the product is affordable, lightweight, and environment-friendly, the demand for cellular concrete is expected to increase in this region.
Key cellular concrete market participants are CellFill, LLC, Conco, Cell-Crete Corporation, Cematrix Corporation, Aerix Industries, Cellucrete Corp., Laston Italiana S.P.A., GEOFILL LLC among others.
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