Global Translucent Concrete Market, By Raw Material Type (Concrete, Optical Elements), Application (Façade and Wall Cladding, Flooring, Digital Signage, Benches, Reception Desks, Lamps, Jewelry, Bar-Tops), End User (Construction and Infrastructure, Ornament and Furniture) – Industry Trends and Forecast to 2029
Market Analysis and Size
The market has witnessed immense growth in the infrastructure development for residential and commercial buildings, such as the construction of 5-star hotels with decorative architecture. Moreover, translucent concrete also serves as a potential energy-efficient alternative to traditional construction materials, as it reduces energy consumption. These growth determinants are expected to increase demand for translucent concrete during the forecast period.
The global translucent concrete market was valued at USD 2,339.072 million in 2021 and is expected to reach USD 119,449.9 million by 2029, registering a CAGR of 63.50% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Market Definition
Translucent concrete, also known as light-transmitting concrete, has the property of transmitting light. This is due to the optical material used in light. Optical fibers are used in concrete to carry light from one side of a wall, roof, or floor to the other; the light should then pass through the entire concrete block. As a result, the optical fiber is routed through the entire concrete panel. Depending on the structure of the optical fibers, light passing through the optical fibers falls on the wall and creates a light pattern on the other side of the wall.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Raw Material Type (Concrete, Optical Elements), Application (Façade and Wall Cladding, Flooring, Digital Signage, Benches, Reception Desks, Lamps, Jewelry, Bar-Tops), End User (Construction and Infrastructure, Ornament and Furniture)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Litracon Ltd (Hungary), LUCEM GmbH (Germany), Dupont (Denmark), CRE Panel GmbH (Austria), Kontaktdaten LCT GesmbH (Austria), HEIDELBERGCEMENT GROUP (Italy), SAINT-GOBAIN (France), Pan-United Corporation Ltd (Singapore), Devson Catalyst (India), DITON s.r.o. (Czech Republic), COSMO ENERGY HOLDINGS Co., Ltd. (Japan), MAPEI S.p.A (Italy), TotalEnergies (France), SK geo centric Co., Ltd. (South Korea), , GS Caltex (South Korea), Glass block technology limited (UK), FAPINEX (UAE) and Florack Bauunternehmung GmBH (Germany)
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Market Opportunities
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Translucent Concrete Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increased Utilization Across End Users
Translucent concrete is largely used as subway roofing, where energy consumption is used to power the subway's lighting system during the day, further propelling the market growth. Furthermore, increasing the use of translucent concrete in flooring applications such as commercial buildings, residential buildings, restaurant floorings, railway floorings, footpaths or walking tracks in gardens, and staircases is satisfying the aesthetical requirements of construction, which boosts demand for the translucent concrete market. Because of its unique properties, translucent concrete is preferred in a wide range of applications across industries, fueling market demand.
Growth in urbanization, increased consumer spending power, increased demand for aesthetically pleasing and decorative buildings, and increased need for energy conservation are all driving up demand for transparent concrete.
Opportunities
- Surging Research And Development, Adoption And Governments’ Focus
Furthermore, the surging research and development in the concrete material to improve the overall illumination, quality and economic value of construction further extends profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the rising focus of the governments to enhance the visual appeal of buildings to attract more tourists and adoption of environmentally favorable building substances will further expand the future growth of the translucent concrete market.
Restraints/Challenges
- High Investments
Translucent concrete buildings necessitate large investments, with the translucent concrete cost exceeding the cost structure of the building, stifling market growth.
- Requirement of Expertise
Also, the high level of expertise is required for the infusion of optical fibers into the concrete material, which will prove to be a demerit for the translucent concrete market. Therefore, this will challenge the translucent concrete market growth rate.
This translucent concrete market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the translucent concrete market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Translucent Concrete Market
The recent outbreak of coronavirus had a negative impact on the translucent concrete market. The current pandemic situation has had a negative impact on the demand for various materials used in the construction industry. The sector's path to recovery is highly dependent on the duration of the restrictions imposed and their impact on global economic activity. Contrary to the general trend in the industry, certain segments of the market, such as transparent concrete, are experiencing sluggish demand from a variety of industries. Over the forecast period, the aforementioned determinants will weigh on the market's revenue trajectory.
On the brighter side, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue and as a result the market is estimated to expand.
Global Translucent Concrete Market Scope
The translucent concrete market is segmented on the basis of raw material type, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Raw Material Type
- Concrete
- Optical Elements
Application
- Façade and Wall Cladding
- Flooring
- Digital Signage
- Benches
- Reception Desks
- Lamps
- Jewelry
- Bar-Tops
End User
- Construction and Infrastructure
- Ornament and Furniture
Translucent Concrete Market Regional Analysis/Insights
The translucent concrete market is analyzed and market size insights and trends are provided by country, raw material type, application and end user as referenced above.
The countries covered in the translucent concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Middle East and Africa (MEA) dominates the translucent concrete market because of the increasing focus of the government toward new avenues such as residential and commercial construction within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the surge in demand for transparent concrete in commercial building such as banks, offices, and malls in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Translucent Concrete Market Share Analysis
The translucent concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to translucent concrete market.
Some of the major players operating in the translucent concrete market are
- Litracon Ltd (Hungary)
- LUCEM GmbH (Germany)
- Dupont (Denmark)
- CRE Panel GmbH (Austria)
- Kontaktdaten LCT GesmbH (Austria)
- HEIDELBERGCEMENT GROUP (Italy)
- SAINT-GOBAIN (France)
- Pan-United Corporation Ltd (Singapore)
- Devson Catalyst (India)
- DITON s.r.o. (Czech Republic)
- COSMO ENERGY HOLDINGS Co., Ltd. (Japan)
- MAPEI S.p.A (Italy)
- TotalEnergies (France)
- SK geo centric Co., Ltd. (South Korea)
- GS Caltex (South Korea)
- Glass block technology limited (UK)
- FAPINEX (UAE)
- Florack Bauunternehmung GmBH (Germany)
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