Cellular Concrete Market Highlights:
Available easily in the market, cellular concrete is replacing traditional concrete materials in the construction industry and it is. It is a lightweight construction material made of Portland cement, water, foaming agent, and compressed air. It is also known by other names, such as, aerated concrete, and Autoclaved Cellular Concrete (AAC). The growth in remodeling and restructuring of the homes is also expected to fuel the demand for the cellular concrete market. Additionally, growing focus towards environmentally sustainable green building construction materials, which reduces overall overhead expenses has boosted industry growth. However, cellular concrete has stiff competition from other construction materials, especially from the traditionally used materials such as plain concrete slurry, autoclaved sand bricks, and gravel. This factor may restrict the growth of the market.
Get Free Sample Report in PDF Format @ https://www.marketresearchfuture.com/sample_request/5329
The cellular concrete industry is expected to grow at the CAGR of around 5.5% during the period 2017 to 2023.
The governments across all regions are seen promoting and developing their construction sector. The emerging nations are the ones that are particularly bringing various reforms and regulations to boost their infrastructure growth and real-estate market. Such growth is expected to augment the market growth of cellular concrete. India has lately had initiatives such as change in arbitration norms for construction companies, the passage of the Real Estate (Regulation and Development) Act 2016, and the amendment to Benami Transactions Act. The government has announced them to boost the construction industry in the country.
Geographically, Asia Pacific region is the fastest growing market for the cellular concrete. Increasing spending capacity, and improved living standard, drive the growth of the market in region. China, Japan, India, and Singapore are the major markets in Asia Pacific. North America regions are expected to contribute significantly during the forecast period.
Market Research Analysis:
For the purpose of this study, the global cellular concrete market has been divided based on application, and by end-user. On the basis of applications, building material accounts the largest market share and is expected to remain dominant over the forecast period as most of the cellular concrete products are equipped in it such as blocks, panels, slabs, and lintels. The road sub-bases segment will register the highest CAGR during the forecast period, followed by building materials and concrete pipes.
On the basis of end-user, non-residential dominates the end-user segment of the market and is expected to grow at the highest CAGR during the forecast period. Non-residential sector compromises hotels, corporate offices, and education institutes. Non-residential sector is expected to contribute, significantly, during the forecast period. In many emerging economies such as China, India, Indonesia, Thailand, Brazil, and Mexico, many people are shifting from rural to urban areas. Hence, increasing population and lack of housing structures, force these governments to invest more into the construction sector. This may create an opportunity for cellular concrete market in these regions.
Scope of the Report
This study provides an overview of the global cellular concrete market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global cellular concrete market by its application, by end-user and region.
Rest of the World
Access Complete Report @ https://www.marketresearchfuture.com/reports/cellular-concrete-market-one-5329
The prominent players in the cellular concrete market include Saint Gobain (France), Xella Group (Germany), Cellucrete (U.S.), Cematrix (Canada), Litebuilt (Australia), Laston Italiana S.P.A (Italy), Cellular Concrete Technologies (U.S.), Aerix Industries (U.S.), ACICO (Kuwait), B. G. Shirke Construction Technology Pvt. Ltd (India), Broco Industries (Indonesia), Conco (U.S.), JK Lakshmi Cement Ltd (India), CellFill, LLC (U.S.), and Aircrete Europe (Netherlands).
About Market Research Future:
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
Market Research Future
Office No. 524/528, Amanora Chambers
Magarpatta Road, Hadapsar
Pune - 411028
+1 646 845 9312
Email: [email protected]