Translucent Concrete Market Size & Share, by Raw Material Type (Concrete, Optical Elements); Application (Facade, Wall Cladding, Roofing, Flooring, Digital Signage); End-user (Residential, Commercial, Industrial) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3816
  • Published Date: Jul 20, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023 – 2035

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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Translucent Concrete Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~30%

Base Year Market Size (2022)

~ USD 2 Billion

Forecast Year Market Size (2035)

~ USD 30 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Translucent Concrete Sector: Growth Drivers and Challenges

Market-Growth-Drivers

Growth Drivers

  • High Adoption of Sustainable Construction Practices -  The increasing application of advanced materials in the building and construction industry to reduce greenhouse gas emissions is bolstering the demand for viable materials such as high-performance translucent concrete which is an eco-friendly alternative to traditional concrete as it has a low density and low thermal conductivity.
  • Rising Investment in Nanotechnology – The rising rate of the invention in the field of nanotechnology has led to the creation of affordable concrete products that use the property of Nano-Optics and address climate change through reduced power consumption and increased utilization of more natural light.

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

  • Higher Cost of Translucent Concrete – the cost of translucent concrete is high compared to traditional concrete due to the cost of optical fibers and the complex casting process involved. The rise in the rate of overall construction owing to the use of translucent concrete is a major restraining factor hampering the market growth.
  • Lack of Awareness About Advanced Materials
  • Disruption in Supply-Chain


Translucent Concrete Segmentation

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:

            Raw Material Type

  • Concrete
  • Optical Elements

            Application

  • Façade and Wall Cladding
  • Roofing
  • Flooring
  • Digital Signage

            End-User

  • Residential
  • Commercial
  • Industrial

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Translucent Concrete Industry - Regional Synopsis

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.

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Companies Dominating the Translucent Concrete Landscape

top-features-companies
    • Florack Energie GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Glass Block Technology Ltd.
    • Beton Brož, sro
    • Pan-United Corporation Ltd.
    • Italcementi SpA
    • LCT GesmbH
    • CRE Panel GMBH
    • Dupont Lightstone ApS
    • LUCEM GmbH
    • Litracon Ltd.
    • DITON Ltd

In-the-news

In The News

  • Building Information Modeling (BIM) to digitize construction by reducing costs and time, and aims at improving efficiency and productivity of the construction sector.
  • Beton Brož to merge with Diton. cz from March 2021. The merged company unified its business communication and created a unified catalog and product price list.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 3816
  • Published Date: Jul 20, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The augmenting demand for aesthetical products for construction with the rising innovation in the architectural, engineering, and construction industries are the major factors driving the growth of the translucent concrete market.

The market size of translucent concrete is anticipated to attain a CAGR of 30% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Florack Energie GmbH, Glass Block Technology Ltd., Beton Brož, sro, Pan-United Corporation Ltd., Italcementi SpA, LCT GesmbH, CRE Panel GMBH, Dupont Lightstone ApS, LUCEM GmbH, Litracon ltd., and DITON Ltd.

The commercial segment is anticipated to garner the largest market size by 2035 and display significant growth opportunities.

The market in the European region is projected to hold the largest market share by 2035 and provide more business opportunities in the future.
Translucent Concrete Market Report Scope
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