Impact of Covid-19 Outbreak on Cellular Concrete Market Share

12/giu/2020 08:15:04 Automotive Market Research Reports Contatta l'autore

Questo comunicato è stato pubblicato più di 3 mesi fa. Le informazioni su questa pagina potrebbero non essere attendibili.

The global cellular concrete market is anticipated to garner a CAGR of 5.5% during the forecast period (2017-2023), Market Research Future (MRFR) reveals in a detailed report. Cellular concrete is rapidly replacing traditional concrete materials in the construction sector due to several benefits it provides. It is a lightweight constriction material, which is made of water, Portland cement, compressed air, and foaming agent, and is also termed as aerated concrete.

Market Potential and Pitfalls

The soaring demand for lightweight and strong materials in the construction industry is driving the cellular concrete market across the globe. The surging preference for eco-friendly and cost-effective constructions is fueling the market growth during the assessment period. The production of conventional concrete involves the use of coal to make clinkers, which produces unwanted greenhouse gases. Cellular concrete, on the other hand, is considered an eco-friendly product, which is produced using fly-ash, at lower time and cost than conventional cement. Such benefits are likely to create huge demand from the cellular concrete market. Cellular concrete offers high-fluidity, fire resistivity, high strength, increased durability, mold resistance, and is economical. These properties enable it to offer cost-effective construction and better performance than conventional materials.

On the contrary, foam liquid concentrates used to produce cellular cement may vary from poor to exceptional. This can raise concerns regarding the quality of the product. Moreover, several foam liquid concentrates promoted in the market are not designed for the production of cellular concrete. Such factors are estimated to restrict the market growth in the foreseeable future.

Global Cellular Concrete Market: Segmental Analysis

The global cellular concrete market has been segmented on the basis of application and end user.

By application, the cellular concrete market is segmented into road sub-bases, building material, roof insulation, concrete pipes, bridge abutment, and others. Of these, the building material segment is likely to command the largest market share. The segment will retain its position in the coming years due to its low cost, less labor, and less building time.

By end user, the cellular concrete market is segmented into residential and non-residential. Of these, the non-residential segment is likely to dominate the market as governments of developing as well as developed countries are emphasizing on the development of public infrastructure. This will further accelerate the demand for cellular concrete in the non-residential segment.

Regional Frontiers

Geographically, the global cellular concrete market spans across the Asia Pacific, North America, Europe, and the Rest-of-the-World (RoW).

Considering the global scenario, Europe commanded the largest market share in 2016. Growth in restructuring and remodeling of homes fuel the market growth in the region. Europe is considered the hub of autoclaved aerated concrete blocks manufacturers. This further has a positive impact on the growth of the cellular concrete market in the region.

Asia Pacific is estimated to register the highest CAGR, mainly due to the recent boom in construction activities. India, China, Singapore, and Japan are some of the major countries in the region, contributing to the market growth. Economic growth in APAC has allowed for a greater requirement of commercial and institutional infrastructure spaces. Major players across the world are shifting their production facilities to cater to potential markets in the APAC, due to the availability of ample raw materials and low-cost labor. This has further influenced the growth of the market in the region. Moreover, the Chinese government has issued favorable policies to reduce the proportion of down payment for second house loans and to exempt of sales tax for ordinary housing, which has encouraged the market growth in the region.

North America is considered a prominent market for the cellular concrete market due to increasing residential and non-residential construction activities in the region.

Industry Updates

July 2019: CEMATRIX Corporation has recently announced that the company’s wholly-owned operating subsidiaries MixOnSite USA Inc. and CEMATRIX (Canada) Inc. have secured around $1.1 million in U.S. and new Canadian infrastructure contracts.

Competitive Dashboard

The players operating in the global cellular concrete market include Xella Group (Germany), Saint Gobain (France), Cematrix (Canada), Cellucrete (U.S.), Laston Italiana S.P.A (Italy), Litebuilt (Australia), Aerix Industries (U.S.), Cellular Concrete Technologies (U.S.), B. G. Shirke Construction Technology Pvt. Ltd (India), ACICO (Kuwait), Conco (U.S.), Broco Industries (Indonesia), CellFill, LLC (U.S.), JK Lakshmi Cement  Ltd (India), and Aircrete Europe (Netherlands).

blog comments powered by Disqus
Comunicati.net è un servizio offerto da Factotum Srl