Translucent Concrete Market Share, Production, Revenue, Growth & Trend Forecast, 2020-2027

Pune, Maharashtra, India, September 10 2020 (Wiredrelease) Allied Analytics –:The demand for the roofing segment is expected to increase with the awareness created to conserve electricity. Moreover, on the basis of end-user, the segment of the wall dominated the market and is expected to remain dominant during the forecast period as the use of translucent concrete enhances the aesthetic look of the building, as well as help, save energy.

Allied Market Research published a report, titled, “Translucent Concrete Market by Application (Walls, Roofing, and Flooring) and End User (Residential and Non-residential): Global Opportunity Analysis and Industry Forecast, 2020–2027.” According to the report, the global translucent concrete industry was estimated at $2,469.7 thousand in 2019 and is expected to hit $21,022.8 thousand by 2027, registering a CAGR of 39.9% from 2020 to 2027.

Based on application, the segment of the wall contributed to more than four-fifths of the global translucent concrete market revenue in 2019, and is expected to retain its dominance by the end of 2027. The roofing segment, on the other hand, is projected to manifest the fastest CAGR of 58.8% from 2022 to 2027, owing to its inventive and artistic look.

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Based on region, Europe generated the major share in 2019, holding nearly three-fourths of the global translucent concrete market. Rise in awareness about energy conservation boosts the market growth in the region. Simultaneously, North America would portray the fastest CAGR of 51.3% from 2021 to 2027.

Key Findings Of The Study
•    By application type, the walls segment was the highest revenue contributor in 2019.
•    By end user, the non-residential segment was the highest revenue contributor in 2019.
•    By region, Europe contributed the highest in translucent concrete market share in 2019, followed by Asia-Pacific and LAMEA.

Based on end-user, the non-residential segment accounted for nearly three-fourths of the global translucent concrete market share in 2019, and is anticipated to rule the roost till 2027, owing to the growing inclination toward aesthetically pleasing set-up. At the same time, the residential segment would portray the fastest CAGR of 40.3% by 2027.

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Frontrunners in the industry-
•    Fapinex LLC
•    Glass Block Technology Limited
•    UNStudio,
•    Josef Loacker GmbH (LUCCON GmbH)
•    Dupont Lightstone
•    LCT GesmbH
•    Litracon Ltd.
•    Lucem Gmbh
•    Pan-United Corporation Ltd.
•    HeidelbergCement AG (Italcementi SpA)

Further, the cost of the production of translucent concrete is high owing to use of optical fibers in the concrete structure. The alternate placement of optical fiber and concrete needs special skilled labor that is not available easily. However, increase in awareness about energy conservation amongst the people is expected to boost the opportunity of using translucent concrete as walls for residential as well as non-residential infrastructures.

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About Allied Market Research:

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We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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