The global cellular concrete market size is poised to have a substantial growth at a notable 5.5% CAGR over the estimated years (2017-2023). Cellular concreate is a cement-based material that is lightweight, contains numerous gas bubbles that is distributed evenly in the volume and is produced by blending as well as maturing of a blend comprising of filler, cement, agent generating cells and water. It is largely utilized for solving various commercial and residential structural issues. A key benefit of using cellular concrete is despite being lightweight this material is much stronger compared to standard concrete. It has acquired the reputation to hold up perfectly under almost every condition. Resting on the application, cellular concrete may be selected for its cost saving substitute to fill materials, ease of handling as it is lightweight, pumpability and flowability and acoustical insulative and thermal properties.
There are plentiful factors that is boosting the growth of the cellular concrete market. These factors as per the Market Research Future (MRFR) report include affordable pricing, superior insulation properties, increasing use in road construction projects owing to its capacity of withstanding harsh weather conditions, demand for lightweight and tough construction materials, approach towards developing cost-effective, eco-friendly products, and growth in restructuring and remodeling of homes. On the contrary, availability of cellular concrete alternatives coupled with competition from various other forms of materials may impede the growth of the cellular concrete market.
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Market Segmentation
MRFR report provides an extensive segmental analysis of the cellular concrete market on the basis of application and end-user.
Based on application, it is segmented into bridge abutment, roof insulation, concrete pipes, road sub-bases, building material and others. Of these, the building material segment will have the largest share in the market followed by road sub-bases that is likely to have the highest CAGR.
Based on end-user, the cellular concrete market is segmented into non-residential and residential. Of these, non-residential will dominate the market over the estimated years. This sector comprises of education institutes, corporate offices and hotels.
Regional Analysis
By region, the cellular concrete market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these, Europe will steer the market owing to growth in restructuring and remodeling of homes and also being the hub of leading concrete block manufacturers. France, Poland, Germany and the UK are the key contributors here. The cellular concrete market in the APAC region is predicted to witness the highest CAGR owing to the rapidly expanding construction activities here. Singapore, India, Japan and China are the key contributors in this region. Economic growth here has paved the way for a higher need of commercial and institutional infrastructure spaces. This in turn is bolstering market growth. Leading players worldwide are slowly shifting their production facilities for catering to the high potential markets in this region owing to the accessibility of sufficient raw material stocks and low-cost labor. China is a key contributor here. The government in China issued a couple of favorable policies. The cellular concrete market in North America is another key market. Developing non-residential and residential construction activities here is driving the market growth. In Middle East and South America and Rest of the World, the cellular concrete market is expected to have a notable growth owing to towering growth in the construction domain and changing lifestyle.
Key Players
Leading players profiled in the cellular concrete market include Aircrete Europe (Netherlands), LLC (U.S.), CellFill, JK Lakshmi Cement Ltd (India), Conco (U.S.), Broco Industries (Indonesia), B. G. Shirke Construction Technology Pvt. Ltd (India), ACICO (Kuwait), Aerix Industries (U.S.), Cellular Concrete Technologies (U.S.), Laston Italiana S.P.A (Italy), Litebuilt (Australia), Cematrix (Canada), Cellucrete (U.S.), Xella Group (Germany),and Saint Gobain (France).
April 2019- Leading manufacturer and supplier of cellular concrete products CEMETRIX Corporation has announced new US infrastructure and new Canadian contracts that increased its yearly contracted sales. Following the current acquisition of MixOnSite, the company is at present the biggest Cellular Concrete company in North America.
