Global Cellular Concrete Market Size 2024, Forecast To 2033
6 Mar, 2024
The cellular concrete market size has grown strongly in recent years. It will grow from $29.04 billion in 2023 to $31.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to the construction industry boom, energy efficiency requirements, infrastructure development projects, government regulations for construction materials, demand for enhanced fire resistance, and hurricane and seismic resilience. The cellular concrete market size is expected to see strong growth in the next few years, reaching $40.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to green building certifications, renewable energy infrastructure projects, focus on carbon emission reduction, smart city initiatives, affordable housing construction, and global population growth. Major trends in the forecast period include integration with 3D printing technologies, lightweight and high-strength variants, technological advancements in production, innovation in mix designs, and cost-efficiency.
Global Cellular Concrete Market Key Driver
The cellular concrete market is poised for growth, driven by the expansion of the construction industry worldwide. Integral to the creation, maintenance, and repair of infrastructures, the construction industry relies on materials like cellular concrete for its lightweight properties, aiding in material management and lifting tasks, coupled with its high-density walls that offer prolonged resistance to fire. As of March 2023, the Office for National Statistics reported a 0.3% increase in quarterly construction production in the fourth quarter of 2022 compared to the previous quarter. Furthermore, following a record growth of 12.8% in 2021, annual construction production surged by 5.6% in 2022 compared to 2021 figures. Thus, the burgeoning construction industry is a key driver propelling the growth of the cellular concrete market, with market size projections reflecting this trend in 2023, 2024, and 2028.
Get A Free Sample Of The Global Cellular Concrete Market ReportGlobal Cellular Concrete Market Segments
The cellular concrete market covered in this report is segmented –
1) By Type: Aerated Concrete, Foam Concrete
2) By Density: High, Medium, Low
3) By Application: Building Materials, Road Sub-Bases, Concrete Pipes, Void Filling, Roof Insulation, Bridge Abutment, Other Applications
4) By End User: Residential Buildings, Commercial Buildings, Infrastructure, Other End-Users
By Geography:The regions covered in the cellular concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Asia-pacific was the largest region in the cellular concrete market in 2023. The regions covered in the cellular concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Cellular Concrete Industry Players
Compagnie de Saint-Gobain S.A., Xella International GmbH, Cellucrete Corporation, Cematrix Corporation, Laston Italiana SpA, Aerix Industries Inc., ACICO Group, Cellular Concrete Technologies LLC, CellFill LLC, Pan Pacific Management Resources Pty. Ltd., CEMEX S.A.B. de C.V., Skystone Gypsum Company, Cell-Crete Corporation, GS Foam Concrete, AKG Gazbeton GmbH & Co. KG, Alamo Group Inc., Cementir Holding S.p.A., Cementos Mexicanos S.A.B. de C.V., Chryso SAS, Diemenier Beton- und Baustoffwerke GmbH & Co. KG, EcoCoc AG, Elematic Oyj, Expancel AB, Fosroc International Limited, GCP Applied Technologies Inc., Geopolymer Solutions Pty. Ltd., H+H International A/S, Hebel Australia Pty. Ltd., Holcim Group Support Ltd., LafargeHolcim SA, Litebuilt Structures LLC
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Cellular Concrete Market Overview
Cellular concrete refers to a particular type of engineered concrete made by combining Portland cement, sand, fly ash, water, and pre-formed foam in different ratios to create a hardened material. It is used as the preferred lightweight backfill and flowable fill material in building and construction applications.
Cellular Concrete Global Market Report 2023 provides data on the global cellular concrete market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The cellular concrete market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.