Cellular Concrete Market to Cross $3.3 billion Revenue by 2030

Cellular Concrete Market Overview

“The 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.”

Cellular concrete, also known as aerated concrete or foam concrete is a cellular-structured lightweight building material. It is made by combining a cementitious material like Portland cement or fly ash with a foaming agent and water. The foaming agent causes bubbles or voids to form in the mixture, producing a low-density material. Cellular concrete has several advantages due to its unique cellular structure.

For starters, it has a much lower density than traditional concrete, making it lightweight and easy to handle. This makes it suitable for applications requiring weight reduction, such as high-rise building construction or in areas with poor soil conditions. Furthermore, its low thermal conductivity provides good insulation, increasing energy efficiency.

Cellular concrete can be poured as a liquid to fill voids or cavities or formed into blocks or panels. It has many applications, including building walls, roofs and floors, as well as insulation, filling abandoned pipes or tunnels, and even as a backfill material. Furthermore, cellular concrete is fire resistant, sound insulating, and long-lasting.

It is also insect and mould resistant. However, as it may have lower compressive strength than traditional concrete, proper engineering design is required to ensure its suitability for specific structural applications. Overall, cellular concrete is a versatile construction material with lightweight properties as well as thermal and acoustic insulation, making it a viable option for a variety of building and infrastructure projects.

Several factors influence the cellular concrete market. For starters, rising demand for lightweight and energy-efficient building materials drives market expansion. The low density and insulation properties of cellular concrete make it appealing for use in residential, commercial, and infrastructure projects. Second, the growing emphasis on sustainable construction practices encourages the use of cellular concrete, which has a lower environmental impact than traditional concrete.

Furthermore, the need for improved disaster resilience and quick construction solutions in disaster-prone areas drives market growth. Furthermore, advancements in manufacturing technologies and product innovations propel the cellular concrete market even further.

Demand Outlook

Certain constraints may stymie the growth of the cellular concrete market. Cellular concrete's widespread adoption may be hampered by a lack of awareness and knowledge among construction professionals. Higher upfront costs when compared to traditional concrete can also deter some construction projects.

Furthermore, achieving the desired compressive strength for certain structural applications can be difficult, limiting its use in heavy-duty structures. Furthermore, the availability and consistency of raw materials, such as foaming agents, can have an impact on cellular concrete production and supply. Overcoming these constraints will be critical for the market's long-term growth and acceptance.

The cellular concrete market offers growth and development opportunities. Increased infrastructure investment, rising demand for sustainable and energy-efficient construction materials, advancements in manufacturing techniques, and expanding applications in sectors such as transportation, oil and gas, and aerospace are examples of these.

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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 2023-2030.

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.

Competitive Landscape of the Cellular Concrete Market

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.

Recent 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.

27 April 2023: CEMATRIX Corporation announced that it has entered into a Letter Agreement with Glavel Inc. that will provide for up to a USD 4 million phased strategic investment in Glavel.

Cellular Concrete Market Segment Analysis

The cellular concrete market is segmented based on density, application, end user and region. By density market is segmented into high, medium, and low. By application market is segmented into building materials, road construction, void filling, bridge abutment, and others. By end user market is segmented into residential buildings, commercial buildings, infrastructure, others.

In 2021, the medium density segment held the largest share of the cellular concrete market. The density of medium density foam ranges from 601 kg/m3 to 1,199 kg/m3. These products are widely used in void filling, filling subways, basements, sewage pipes and a variety of non-load bearing building substructures. The growing demand for lightweight materials in residential buildings, as well as foam concrete's excellent acoustic and thermal insulation properties, will increase its popularity.

During the forecast period, the most building materials are used. The material is used in several areas of building construction, including screeds, soundproofing, thermal insulation, and the outer leaves of multilevel residential and commercial buildings. Due to their low density and high strength, dry foam concrete blocks impose little vertical stress on the substructure, making them popular in a variety of non-load bearing substructure applications in commercial and residential buildings. Furthermore, the material is referred to as green construction material and is used in a variety of green building construction projects around the world.

In 2021, 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.

Regional Insights

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.

China held the majority of the Asia Pacific market share. During the forecast period, demand for cellular concrete will rise due to the country's growing investments and construction activities. Continuous improvements in the region's economic conditions have improved consumers' financial situations, increasing demand for buildings and other infrastructural activities in the country.

The major factors driving the market are the increasing rate of urbanization, development of infrastructure activities, and industrialization in various parts of the world. Furthermore, various advantages provided by cellular concrete materials, such as low weight, fire resistance, thermal and acoustic insulation, and environmental friendliness, are expected to boost demand during the forecast period.

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

Cellular Concrete Market By End User

• Residential Buildings
• Commercial Buildings
• Infrastructure
• Others

Cellular Concrete Market By Region

• North America
• Asia Pacific
• Europe
• South America
• Middle East And Africa

 Frequently asked questions with answers

What is the projected market size & growth rate of the cellular concrete market?

The 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.

What are the factors driving the cellular concrete market?

The increasing rate of urbanization, development of infrastructural activities, and industrialization in different parts of the world are the major factors driving the cellular concrete market.

What are the top players operating in the cellular concrete market?

The major players include Saint Gobain, Xella Group, Cellucrete, Cematrix, Litebuilt, Laston Italiana S.P.A, Cellular Concrete Technologies, Aerix Industries, ACICO, Shirke, and Broco Industries.

What segments are covered in the cellular concrete market report?

The global cellular concrete market is segmented on the basis of density, application, end user and geography.

Which region held the largest share of cellular concrete market in 2022?

North-America held the largest share of cellular concrete market in 2022.

Which segment has the largest share in this market report?

The cellular concrete market vendors should focus on grabbing business opportunities from the Non-residential segment as it accounted for the largest market share in the base year.