The Future of Translucent Concrete Market Set to Grow Rapidly | MarketsandMarkets™

April 14 03:12 2023
The Future of Translucent Concrete Market Set to Grow Rapidly | MarketsandMarkets™
Browse 111 market data Tables and 32 Figures spread through 128 Pages and in-depth TOC on “Translucent Concrete Market”
Browse 111 market data Tables and 32 Figures spread through 128 Pages and in-depth TOC on “Translucent Concrete Market”

The translucent concrete market size is estimated to be USD 875 thousand in 2019 to USD 16,534 thousand by 2024, at a CAGR of 80.0% during the forecast period. The construction & infrastructure industry represents the largest consumption group for translucent concretes. The growing urbanization has led to increased demand for construction activities. This increases the construction of tall skyscraper buildings which leads to obstruction of natural light and thus consumption of artificial light increases. 

Translucent concretes have found increased applications in the construction & infrastructure industry as these concretes when used in buildings allows light to pass through them and thus offers energy conservation naturally. It also helps in enhancing the visual appearance of the buildings.  

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Façade & wall cladding accounted for the broader market share in the translucent concrete market. The translucent concrete is used mainly in construction & infrastructure industry for applications such as facades, wall claddings, floorings, highways, bar-tops, reception desks, benches, digital signage, and monuments, among others. 

The translucent concrete, when used in façade & wall cladding, offers natural light transmission and saves electrical energy. It is also weather weather-insensitive and hence, offers durability. It also provides high strength due to the presence of concrete as raw material. 

The translucent concrete is made using the combination of concrete and optical elements. The optical elements can be combined easily with concrete. The volume consumption of concrete is dominant in the translucent concrete market, and optical elements are required in a smaller volume. The high amount of concrete is needed to attain high strength of translucent concrete products. 

The increasing need for energy conservation and demand for aesthetical products is driving the market for translucent concrete. Energy conservation has become very crucial globally. Owing to the construction of a high-rise building, the space between the building is reduced, thereby increasing the use of artificial light.

Translucent concrete is one such innovative concrete which has the ability to let light pass through it with the help of optical fibers embedded in it. These optical fibers can transmit sunlight without any heat, light, or photochemical reaction. Thus, it helps to reduce the dependence on artificial light, thereby reducing the amount of energy used. Besides this, transparent concrete has excellent properties for aesthetical point of view and can also be used in interior applications of commercial and residential buildings. 

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Litracon Ltd (Hungary), LUCEM GmbH (Germany), Dupont Lightstone (Denmark), CRE Panel GmbH (Austria), LCT GesmbH (Austria), Italcementi SpA (Italy), Pan-United Corporation Ltd (Singapore), Beton Broz (Czech Republic), Glass block technology limited (UK), and Florack Bauunternehmung GmBH (Germany) were some of the key players in the global Translucent concrete market.

The top players in the translucent concrete market have implemented various strategies in the market. For instance, in September 2019, LUCEM GmbH has developed translucent concrete panels with properties such as weather- and UV-resistant, resistant to abrasion and non-flammability. Also, in May 2017, CRE Panel GmbH acquired LUCCON GmbH through its parent company and entered into the translucent concrete market. These strategies have helped the company to enhance its market share in the translucent concrete business.

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