Cellular Concrete Market Analysis | 2023-2028

Market Insights

The Cellular Concrete Market is expected to grow from US$ 2.38 billion in 2022 to US$ 3.28 billion by 2028 at a CAGR of 5.49% during the forecast period.

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What is cellular concrete?

Cellular concrete is a material formed by the combination of cement, water, and preformed foam. This hardened material has an oven-dry density of 50 lb./cubic foot or less. The use of this material in construction offers several advantages as it is light in weight, has resistance to fire, is thermally insulated, soundproof, and is environment friendly.

Market Dynamics

The following are the key drivers of the global 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 market.
• Various advantages are offered by cellular concrete materials, such as low weight, resistance to fire, and thermal and acoustic insulation, and their environment-friendly nature is expected to further strengthen their demand during the forecast period.

Segments Analysis

By Application Type

The market is segmented into building material, road sub-bases, concrete pipes, void filling, roof insulation, bridge abutments, and others. The building material segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The need for lightweight building materials is driving the growth of this segment.

By End-User Type

The market is segmented into residential buildings, commercial buildings, infrastructure, and others. The infrastructure segment is the largest as well as fastest-growing segment, driven by the exceptional growth in the construction industry and the urge to use eco-friendly building materials.

Regional Analysis

Asia-Pacific is estimated to be the largest as well as the fastest-growing market for cellular concrete during the forecast period. China and India are likely to be the growth engines of the Asia-Pacific region. The growth of the market is driven by the rising economic growth of India and China, leading to more infrastructure development activities and increasing consumer spending in these countries.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Key Players

The following are some of the key players in the cellular concrete market:

• Cellucrete Corp
• Cematrix
• Compagnie de Saint-Gobain S.A
• Pan Pacific Management Resources Pty Ltd
• Xella Group

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Target Audience

The target audience of the cellular concrete market includes-

• Manufacturers
• Suppliers
• Distributors
• Organizations
• Government bodies

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2028, the base year is 2022, the estimated year is 2023, and the assessment period is 2023-2028. The following are the critical questions answered in the report.

• What are the key trends in the market?
• How has the market (and its various sub-segments) grown in the last five years and what would be the growth rate in the next five years?
• What is the impact of COVID-19 on the market?
• What are the key strategies adopted by the major vendors to lead in the market?
• What is the market share of the top vendors?

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com