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Cellular Concrete market Report 2024 – Market Size, Trends, And Forecast 2024-2033
The Business Research Company's Cellular Concrete Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 26, 2024 /EINPresswire / -- The cellular concrete market has demonstrated robust growth in recent years, with projections indicating an increase from $29.04 billion in 2023 to $31.21 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.5%. Despite fluctuations in the global economy, the market is set to reach $40.2 billion by 2028 at a compound annual growth rate (CAGR) of 6.5%, driven by the burgeoning construction industry, stringent energy efficiency regulations, infrastructure development, and increasing demand for enhanced fire and seismic resistance.
Construction Industry Expansion Fuels Cellular Concrete Market Growth
The expanding construction industry is a significant factor driving the growth of the cellular concrete market. Cellular concrete's lightweight properties are advantageous for managing construction material weights and lifting tasks, while its high density provides extended fire resistance. For example, in March 2023, the Office for National Statistics reported a 0.3% increase in quarterly construction production in the fourth quarter of 2022 compared to the previous quarter. This growth follows a substantial 12.8% increase in 2021, with a 5.6% rise in 2022, highlighting the robust expansion in the sector.
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Major Companies and Market Trends
Key players in the cellular concrete market include Compagnie de Saint-Gobain S.A., Xella International GmbH, Cellucrete Corporation, Cematrix Corporation, and others. These companies are focusing on product innovation and strategic acquisitions to enhance their market presence. For instance, in November 2022, Foam Holdings Inc. acquired Amvic, Inc. and Concrete Block Insulating Systems, Inc., expanding its product offerings and geographical reach.
Market Segmentation
The cellular concrete market is segmented as follows:
1 Type: Aerated Concrete, Foam Concrete
2 Density: High, Medium, Low
3 Application: Building Materials, Road Sub-Bases, Concrete Pipes, Void Filling, Roof Insulation, Bridge Abutment, Other Applications
4 End User: Residential Buildings, Commercial Buildings, Infrastructure, Other End-Users
Geographical Insights: Asia-Pacific Leading the Market
Asia-Pacific was the largest region in the cellular concrete market in 2023 and is expected to continue leading the market. The comprehensive report provides detailed insights into regional dynamics, market trends, and growth opportunities.
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Cellular Concrete Global Market Report 2024 from The Business Research Company covers the following information:
.Market size data for the forecast period: Historical and Future
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Cellular Concrete Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cellular concrete market size, cellular concrete market drivers and trends, cellular concrete market major players, cellular concrete competitors' revenues, cellular concrete market positioning, and cellular concrete market growth across geographies. The cellular concrete market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.