Lucintel Forecasts Translucent Concrete Market to Grow at a CAGR of 25%-30%

According to the recent study the translucent concrete market is projected to grow at a CAGR of 25%-30% from 2020 to 2025. Growth in this market is primarily driven by rising awareness of the use of environmentally friendly construction materials and growing demand for aesthetical products for construction.

Browse XX figures / charts and XX tables in this 150-page report to understand trends, opportunities and forecast in translucent concrete market by raw material type (concrete and optical elements), application (facade & wall cladding, and flooring), end use (residential & commercial construction and infrastructure), and region (North America, Europe, Asia Pacific, and Rest of the World).

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“Facade & wall cladding market is expected to remain the largest segment during the forecast period.”        

Based on application, the translucent concrete market is segmented into facade & wall cladding, and flooring. Lucintel forecasts that the facade & wall cladding market is expected to remain the largest segment during the forecast period as it offers natural light transmission saving electrical energy, weather-insensitiveness, durability, and high strength due to the presence of concrete as raw material.

“Within the translucent concrete market, the residential & commercial construction segment is expected to remain the largest end use.”    

Based on end use, the residential & commercial construction segment is expected to witness the largest segment over the forecast period due to growing urbanization and increasing disposable income.  

“Asia Pacific will dominate the translucent concrete market in near future.”

Asia Pacific is expected to be the largest region over the forecast period and it is also expected to witness the highest growth over the forecast period due to growing construction sector in this region which is going through a phenomenal growth phase, strong government support, and massive ongoing projects.

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Major players of translucent concrete market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Litracon, LUCEM, Dupont Lightstone, CRE Panel, LCT, Italcementi, Pan-United, Beton Broz, Glass Block Technology, and Florack Bauunternehmung are among the major translucent concrete providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/translucent-concrete-market.aspx or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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