Research Nester published a report titled “Translucent Concrete Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global translucent concrete market in terms of market segmentation by application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global translucent concrete market is anticipated to attain a CAGR of ~40% over the forecast period, i.e., 2022 – 2031. The market is segmented on the basis of end-user into residential, commercial, industrial and others, out of which, the commercial segment is anticipated to hold the notable share over the forecast period owing to the increasing demand for partitions in office, banks, or other commercial spaces, and translucent concrete can deliver an aesthetic look to the space.
In Q4 2021, USA current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and some signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches to peak 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point, pushing consumers to spend less on the products and services and save more.
On the other hand, the worst is expected to be seen in the European countries especially during 2022 winters. The energy and gas crises has already started grappling the region where in many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage, created by Russian-Ukraine conflict.
Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.
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The global translucent concrete market is estimated to grow on the back of increasing adoption of sustainable construction practices, along with rising demand for aesthetical products for construction. Translucent concrete allows light to pass through, which significantly reduces the electricity consumption in lighting the whole place. This concrete is ideal for façade construction, such as, cladding for internal walls, false ceilings, and others. Such factors are estimated to contribute to the market growth.
On the basis of geographical analysis, the global translucent concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of rising construction activities in the region, backed by growing urban population, along with rising concerns regarding greenhouse emissions from buildings.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Environmental Concerns to Boost the Market Growth
According to the data by 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 can significantly reduce energy consumption of a building, as it can lighten up the whole room with one light source. Moreover, it also allows heat to pass through, therefore, significantly saving the energy spent in HVAC systems. Such factors make translucent concrete environment friendly, which is estimated to boost the market growth.
However, high initial investment and high cost of translucent concrete is expected to operate as key restraint to the growth of global translucent concrete market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global translucent concrete market which includes company profiling of Florack Energie GmbH, Beton Brož, sro, Glass Block Technology Ltd., Pan-United Corporation Ltd., Italcementi SpA, LCT GesmbH, CRE Panel GMBH, Dupont Lightstone ApS, LUCEM GmbH, and Litracon ltd. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global translucent concrete market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
