Translucent Concrete Market size is predicted to reach USD 30 Billion by the end of 2036, growing at a CAGR of 30% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of translucent concrete was over USD 2 Billion.
The expansion of the global market is fueled by the increasing research & development of construction materials that can aid in energy conservation and the growing adoption of environmentally friendly materials in the green construction processes owing to surging emphasis on constructing zero-waste buildings is estimated to boost the market growth.
For instance, according to the U.S. Environment Protection Agency (EPA) data, buildings account for 39% of the total energy use and 68% of the total electricity consumption in the United States.
Additionally, the increasing innovation in the architectural, engineering, and construction industries and the rising demand for aesthetic products in new construction are expected to widen the market growth.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~ 30% |
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Base Year Market Size (2023) |
~ USD 2 Billion |
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Forecast Year Market Size (2036) |
~ USD 30 Billion |
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Regional Scope |
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End-User (Residential, Non- Residential)
The non-residential segment in the translucent concrete market is anticipated to garner the largest revenue of 55% by 2036. The growing investment in commercial construction as a result of the increasing demand for commercial spaces worldwide is propelling the segment’s growth.
In the United States, commercial construction spending totaled around USD 96 billion in 2022. Additionally, the rising emphasis on weather resistance, illumination, appearance, and thermal insulation of commercial buildings, subway stations, highways, and aircraft will promote the use of translucent concrete in commercial constructions.
Furthermore, the translucent concrete can also be used for maintaining traffic safety worldwide by being used in smart lane separators. All these elements collectively support market in this segment.
Application (Facade and Wall Cladding, Roofing, Flooring, Digital Signage)
The façade and wall cladding segment will hold the second-largest market share. The expansion in the demand for energy-saving and eco-friendly building materials such as light transmitting concrete for designing the external appearance of the buildings is counted to boost the use of translucent concrete for façade, wall cladding, and fine architecture of a building. Another benefit of using translucent concrete is the reduction in noise pollution. The walls of the building are made out of translucent materials, the light from outside can efficiently enter inside through the help of optical fibers.
Also, when a sufficient amount of light can enter and brighten the interior of the building, the need for lighting decreases eventually helping in the conservation of energy.
Our in-depth analysis of the global market includes the following segments:
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Raw Material Type |
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Application |
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End-Use |
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European Market Forecast
The translucent concrete market in Europe is projected to be the largest with a share of about 30% by the end of 2036. The growing construction activities and the stringent government regulations regarding energy conservation and sustainable construction in the region owing to rising concerns regarding greenhouse emissions from buildings in Europe are some of the major factors estimated to drive the expansion of the market in Europe.
Further, multiple infrastructure projects are laid down in the region such as hospitals and large commercial spaces, simultaneously stimulating growth in the market. Moreover, the presence of well-known industry key players such as Dupont Lightstone is enhancing the shape of the market.
It was found that, in 2021, buildings and the construction industry in the European Union accounted for nearly 40% of energy consumption, about 33% of greenhouse gas (GHG) emissions, around 40% of materials, and almost 40% of waste.
North American Market Statistics
The North America region will also encounter huge growth for the translucent concrete market during the forecast period and will hold the second position owing to the increasing infrastructural development in the United States and the growing concrete demand in the region.
According to a recent study, in the United States, the production output for cement and concrete products crossed USD 70 billion in the year 2022 since these are widely used in the construction sector. Moreover, the rising popularity of transparent concrete in commercial buildings in the region and the extensive use of green building components in North America are further estimated to result in a demand rise for such materials.
Another factor fueling the market in the North America is the growing awareness of electricity conservation among the residents which substantially led to the manufacture of environment-friendly structures.
Author Credits: Mohd Shadab, Yashika Karodiwal
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