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Global Translucent Concrete Market to Grow at a CAGR of 39.9% During 2021-2026, Aided by the Increased Investments in the Construction Sector

According to a new report by EMR titled, ‘Global Translucent Concrete Market Report and Forecast 2021-2026’, the market attained a value of around USD 3,210 thousand in 2020. It is further expected to witness a healthy growth in the forecast period, growing at a CAGR of 39.9% between 2021 and 2026 to reach a value of USD 19,126 thousand by 2026.

The heightened investments in the construction industry are driving the global translucent concrete industry. This growth can be attributed to the rapidly increasing population numbers worldwide and the resultant demand for residential, commercial, and industrial infrastructure. Furthermore, in terms of end use, the non-residential segment accounts  for a substantial share in the market. This can be associated with the growing demand for high-end and sophisticated building structures, which is anticipated to propel the market growth in the coming years.

The increased demand for translucent concrete as a sustainable and eco-friendly alternative is driving the market growth. The leading market players in the construction industry are increasingly investing in the development of environment friendly concrete materials in an endeavour to reduce their carbon footprint. This is predicted to significantly contribute to the market growth in the forecast period. In a press release issued by Cemex (NYSE: CX), dated November 2020, the company announced its agreement with Carbon Upcycling Technologies to produce nanomaterials with increased reactivity, which would aid in the manufacturing of concretes that are environment friendly and have low CO2 emissions. Such developments are expected to positively impact the growth of the translucent concrete industry in the forecast period.

Market Breakup by Application, End Use, and Region:

  • The market is divided based on application into walls, roofing, and flooring.
  • On the basis of end use, the market can be categorised into residential and non-residential.
  • Region-wise, the global market for translucent concrete can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for translucent concrete is being driven by the rising investments in the construction industry.
  • The growing demands for commercial and residential infrastructure have significantly contributed to the market expansion.
  • The increased investments in the development of sophisticated and eco-friendly infrastructure are also aiding the industry growth.
  • The rising investments in the research and development of translucent concrete production are expected to further propel the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for translucent concrete for the periods (2016-2020) and (2021-2026).
  • The report also offers historical (2016-2020) and forecast (2021-2026) market information for the applications, end uses, and regions of translucent concrete.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global translucent concrete market are Litracon Ltd., Fapinex LLC, CRE Panel GmbH (LUCCON), and LCT GesmbH, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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