Translucent Concrete Market size is predicted to reach USD 30 Billion by the end of 2035, growing at a CAGR of 30% during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of translucent concrete was around USD 2 Billion. 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.
The expansion of the global translucent concrete 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 anticipated to boost the market growth. For instance, according to the data from the U.S. Environment Protection Agency (EPA), buildings account for 39% of the total energy use and 68% of the total electricity consumption in the United States.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~30% |
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Base Year Market Size (2022) |
~ USD 2 Billion |
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Forecast Year Market Size (2035) |
~ USD 30 Billion |
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Regional Scope |
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Growth Drivers
As the application of translucent concrete may aid in lowering the global energy demand and result in a reduction in electricity bills benefitting health is another reason for the growth of the translucent concrete business.
Challenges
End-User (Residential, Commercial, Industrial)
The commercial segment is anticipated to garner the largest revenue of 55 by 2035. 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 97 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.
Also, the residential segment is estimated to generate notable growth by 2035 owing to the increasing aesthetical requirements in the construction of houses and home design. The increasing standard of living and rising disposable income of the global population is raising the demand for materials that enhances the interior & exterior appearance of buildings, with illuminated walls, decorative floorings, and other such features.
Application (Façade and Wall Cladding, Roofing, Flooring, Digital Signage)
The façade and wall cladding segment will hold the largest market share of 45% through 2035. 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.
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-User |
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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 2035. 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 anticipated to drive the expansion of the market in Europe. It was found that, in 2021, buildings and the construction industry in European Union accounted for nearly 40% of energy consumption, about 36% of CO2 emissions, around 50% of raw materials, and almost 33% of waste and water use.
North American Market Statistics
The translucent concrete market in North America is estimated to be the second largest, registering a share of about 27% by 2035. The increasing infrastructural development in the United States and the growing concrete demand are projected to expand the market in the region. As per findings, in the United States, the industry for concrete manufacturing and distribution is worth USD 56 billion in revenue (calculated on the average 2022 selling price).
Moreover, the rising popularity of transparent concrete in commercial buildings in the region and the extensive use of green building components in North America is further anticipated to result in a demand rise for such materials.
Author Credits: Smruti Ranjan, Rajrani Baghel
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