July 29, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Cellular Concrete Market.
It was estimated prior to this unanticipated outbreak that the Cellular Concrete Market is likely to witness a healthy CAGR of 5.7% during the forecast period. The increasing rate of urbanization, development of infrastructural activities, and industrialization in different parts of the world are the major factors driving the market. In addition, various advantages offered by cellular concrete materials, such as low weight, resistance to fire, thermal and acoustic insulation, and their environment-friendly nature are expected to further strengthen their demand during the forecast period.
Market Scope & Segmentation
Cellular concrete is a material formed by the combination of cement, water, and preformed foam. This hardened material has an oven-dry density of 50 lb./cubic foot or less. The use of this material in construction offers several advantages as it is light in weight, has resistance to fire, thermally insulated, soundproof, and is environment-friendly.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the application type, the market is segmented as building material, road sub-bases, concrete pipes, void filling, roof insulation, bridge abutment, and others. The building material segment accounted for the largest share of the market in 2019, and is expected to remain dominant during the forecast period. The need for lightweight building materials is driving the growth of this segment.
Based on the end-user type, the cellular concrete market is segmented as residential building, commercial building, infrastructure, and others. The infrastructure segment is the largest as well as fastest-growing segment, driven by the exceptional growth in the construction industry and the urge for using eco-friendly building materials.
In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing market for cellular concrete during the forecast period. China and India are likely to be the growth engines of the Asia-Pacific region. The growth of the market is driven by the rising economic growth of India and China, leading to more infrastructure development activities and the increasing consumer spending in these countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Key players operating in the global Cellular Concrete market are-
- Cellucrete Corp
- Compagnie de Saint-Gobain S.A
- Pan Pacific Management Resources Pty Ltd
- Xella Group.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Cellular Concrete analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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