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 2037. 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.
