Cellular Concrete Market Size, Growth, Forecast 2023-2030 (By Type, By application, By Company)
The increase in construction activities is the primary factor driving the global cellular concrete market growth
Due to the expansion of the construction industry, the demand for cellular concrete has increased significantly in recent years. Cellular concrete is ideal for building partition walls in both residential and commercial buildings. Furthermore, the low density of cellular concrete reduces the structure's dead weight while also speeding up construction.
It can also be used in infrastructure projects for backfill and geotechnical applications. Cellular concrete also has advantages such as fire and termite resistance, which increases its serviceability. Furthermore, advantageous cellular concrete properties such as heat insulation, thermal insulation, and freezing resistance are propelling the cellular concrete market growth.
Cellular Concrete Market is expected to grow at 5.8% CAGR from 2023-2030 & to reach above USD 3.3 billion by 2030 from USD 2.12 billion in 2023.
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The cellular concrete market key players include Saint Gobain, Xella Group, Cellucrete, Cematrix, Litebuilt, Laston Italiana S.P.A, Cellular Concrete Technologies, Aerix Industries, ACICO, Shirke, Broco Industries, Aircrete Europe.
New Developments in the Cellular Concrete Market
27 July, 2023 CEMATRIX, a North American leading manufacturer and supplier of technologically advanced cellular concrete products, has announced that it has executed US$5.9 million in new contracts to bring total contracts announced since the end of the fiscal year to US$21.7 million and US$58.3 million since August 3, 2022.
16 May 2023 Saint-Gobain has signed a Power Purchase Agreement (PPA) in India with Vibrant Energy – a portfolio company of Macquarie Asset Management's Green Investment Group (MAM-GIG) – to provide wind-solar electricity to 6 local Saint-Gobain sites.
Segments Covered in the Cellular Concrete Market
Cellular Concrete Market By Density
- High
- Medium
- Low
Cellular Concrete Market By Application
- Building Materials
- Road Construction
- Void Filling
- Bridge Abutment
- Others
Lack of awareness and knowledge among construction professionals is the major restrain for the cellular concrete market
Certain limitations may stymie the cellular concrete market's expansion. The widespread use of cellular concrete may be hampered by a lack of awareness and knowledge among construction professionals. Some construction projects may be stymied by higher upfront costs when compared to traditional concrete.
Furthermore, it can be difficult to achieve the desired compressive strength for certain structural applications, limiting its use in heavy-duty structures. Furthermore, the availability and consistency of raw materials, such as foaming agents, can have an impact on the production and supply of cellular concrete. Overcoming these limitations is critical for the market's long-term growth and acceptance.
The cellular concrete market offers several opportunities for growth
The cellular concrete market provides opportunities for growth and development. Increased infrastructure investment, rising demand for sustainable and energy-efficient construction materials, advancements in manufacturing techniques, and expanding applications in industries such as transportation, oil and gas, and aerospace are some examples.
COVID 19 Impact
The COVID-19 outbreak hampered the growth of several end-user industries in the region in 2020, including the construction industry, as several construction projects were delayed or cancelled in 2020 due to economic downturns, supply chain disruptions, and uncertainties in the construction industry's growth. However, the recovery of economies from the COVID-19-induced crisis, as well as the launch of large-scale vaccination drives, is expected to drive market growth between 2022 and 2030.
The non-residential segment's cellular concrete market share will grow significantly during the forecast period. Rapid urbanization in countries such as India, China, the United States, and others will result in more non-residential buildings, boosting demand for cellular concrete in the coming years.
Infrastructure segment is anticipated to hold the largest market share in the cellular concrete market based on end user
In 2022, the infrastructure end-user dominated the cellular concrete market. The material is widely used due to its benefits such as ease of filling, low cost, and time savings, among others. During an impact, the dense structure of foam concrete compresses, increasing the resistance of the concrete and absorbing kinetic energy, which is useful in road construction.
The material's excellent freeze/thaw resistance and low density provide stable, long-lasting solutions for a variety of fractured applications.
Asia-Pacific is dominating the global market
Asia-Pacific is expected to be the largest and fastest-growing market for cellular concrete during the forecast period. Residential construction is growing steadily in Asia-Pacific, with India and China leading the way. Residential construction has also gained traction in ASEAN countries.
Cellular concrete is ideal for building partition walls in both residential and commercial buildings. Furthermore, the low density of cellular concrete reduces the structure's dead weight and speeds up construction. It can also be used in infrastructure projects for backfill and geotechnical applications. Cellular concrete also has advantages such as fire and termite resistance, which increases its utility.
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