New York (US), April 07, 2023 (GLOBE NEWSWIRE) -- Cellular Concrete Market Overview
According to a Comprehensive Report by Market Research Future (MRFR), Cellular Concrete Market Information by Application, End-User, and Region - Forecast till 2030", The cellular concrete market can garner a CAGR of 6.20% between 2023 and 2030, reaching a value of USD 1.2 Billion.
A type of lightweight concrete called cellular concrete is made of lime-pozzolan, cement-pozzolan, cement-silica, Portland cement, and chemicals that produce gas or foam. A common density range for cellular concrete is 300 kg/cubic meter to 1800 kg/cubic meter.
Because to limits on construction activity, the market for cellular concrete was restricted during the COVID-19 epidemic. Also, during the lockout, it was unable to produce cellular concrete products properly.
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Market Competitive Landscape:
The affluent vendors in the cellular concrete industry are
- Saint Gobain (France)
- Xella Group (Germany)
- Cellucrete (U.S.)
- Cematrix (Canada)
- Litebuilt (Australia)
- Laston Italiana S.P.A (Italy)
- Cellular Concrete Technologies (U.S.)
- Aerix Industries (U.S.)
- ACICO (Kuwait)
- B. G. Shirke Construction Technology Pvt. Ltd (India)
- Broco Industries (Indonesia)
- Conco (U.S.), JK Lakshmi CementLtd (India)
- CellFill, LLC (U.S.)
- Aircrete Europe (Netherlands)
- Among others.
|Market Size in 2030||USD 1.2 Billion|
|Forecast Units||Value (USD million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Application, End-user, Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Market Drivers||Growth in remodeling and restructuring of homes|
Growing residential and non-residential construction activities
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Market USP Covered:
Due to the expansion of the construction sector, there has been a noticeable increase in the demand for cellular concrete during the past several years. For the construction of partition walls in residential and commercial structures, cellular concrete is particularly useful. Moreover, the low density of cellular concrete speeds up construction and decreases the dead weight of the building. It can also be utilized for geotechnical and backfill purposes in infrastructure projects. Also, the benefits of cellular concrete include fire and termite resistance, which improves its serviceability. The cellular concrete industry is expanding as a result of its beneficial qualities, including heat insulation, thermal insulation, and resistance to freezing.
Rapid urbanization is occurring everywhere in the globe, particularly in emerging countries, and the world's population is growing quickly. Around 9.5 billion people are predicted to live on the planet by 2050, up from over 7.5 billion in 2021. In emerging economies, the demand for residential and commercial building complexes is significantly increased by the growing population and urbanization. For instance, the Indian real estate industry might grow from USD 1.72 billion in 2019 to USD 9.30 billion in 2040, according to the India Brand Equity Foundation.
Building materials including blocks, floor panels, and wall panels are frequently fabricated using autoclaved aerated concrete, a kind of cellular concrete. The demand for this particular cellular concrete is especially high, which will be a great opportunity for the players.
Other building materials, especially those that have been utilized for a long time like gravel, autoclaved sand bricks, and plain concrete slurry, pose a serious threat to cellular concrete. This element can limit the market's expansion.
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COVID 19 Analysis
The global spread of COVID-19 had a significant negative influence on people's life as well as the wellbeing of the community at large. It started off as a human health issue before developing into a serious threat to trade, the economy, and the financial system on a worldwide scale. Cellular concrete building component manufacture was suspended because of lockdown during the COVID-19 outbreak. Construction of residential and non-residential structures was first affected by the economic recession.
The COVID-19 pandemic's intensity has, however, greatly decreased as a result of the advent of several vaccinations. The number of COVID-19 cases has drastically decreased by the middle of 2022. As a result, the real estate sector has recovered significantly, and factories that produce cellular concrete have also fully resumed operations.
The cellular concrete market has been segmented based on the application and includes building material, road sub-bases, concrete pipes,roof insulation, bridge abutment, and others.
Due to the fact that the majority of cellular concrete products, such as blocks, panels, slabs, and lintels, are included in construction material, which now holds the biggest market share, it is anticipated that this trend will continue. The sector for road sub-bases, which is followed by the construction materials and concrete pipes, will have the greatest CAGR over the projection period.
The cellular concrete market has been segmented based on the end-users and includes sub-segments like residential and non-residential. The Non-residential dominates the end-user segment of the market. The governments belonging to both the developing and developed economies are focusing on the development of public infrastructure which will boost the demand for cellular concrete in this global segment. This concrete is used for the construction of commercial buildings and infrastructures such as office spaces, shops, restaurants, amongst others like hotels, industrial buildings, schools, and hospitals.
However, the usage of cellular concrete in the residential sector has increased significantly over the past 30 years, both for new construction and for building repairs and renovations. It is utilized in residential constructions as insulating plates, hollow blocks, and unreinforced wall blocks. It may also be used to make partition panels, reinforced walls, and roof and floor materials.
Cellular concrete is frequently used as a roofing insulation material. To provide the necessary insulation, cellular concrete is often used alone or in combination with insulation foam. On decks and floors where the designer demands thermal insulation and noise control, cellular concrete is employed. Because to its low density and excellent workability, it may be used to lay floors in high rises and residential complexes at a reasonable cost.
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Both in terms of market volume and market value, the APAC region dominates the cellular concrete industry. The Asia-Pacific market share was dominated by China. The demand for cellular concrete is anticipated to increase throughout the forecast period due to increasing investments and building activity in the nation. The region's economy has been steadily improving, which has improved customers' financial situations and increased demand for homes and other infrastructure projects in the nation. 2016 marked the beginning of China's 13th Five Year Plan and was a significant year for the country's engineering, procurement, and construction (EPC) sector. Also, during the year, the nation experimented with innovative business methods both domestically and abroad.
Also, prohibitions on foreign investment in office buildings, high-end hotels, theme parks, international exposition centers, and land development have been removed. During the course of the projection period, it is anticipated that the rise in the infrastructure and transportation sectors would support the country's cellular concrete market.
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Cellular Concrete Market to Attain a CAGR of 6.20% from 2023 to 2030 – Report by Market Research Future (MRFR)? ›
According to a Comprehensive Report by Market Research Future (MRFR), Cellular Concrete Market Information by Application, End-User, and Region - Forecast till 2030", The cellular concrete market can garner a CAGR of 6.20% between 2023 and 2030, reaching a value of USD 1.2 Billion.How big is the concrete market in the US? ›
Concrete production and delivery is a $56 billion revenue industry in the United States based on the average 2022 selling price from the Concrete Financial Insights Index.What is the outlook for the concrete industry? ›
The global cement market size was valued at USD 326.81 billion in 2021 and is projected to grow from USD 340.61 billion in 2022 to USD 481.73 billion by 2029, exhibiting a CAGR of 5.1% during the forecast period.What is cellular concrete? ›
Cellular concrete is a mixture of cement, water, and preformed foam. The purpose of the foam is to supply a mechanism by which a relatively high proportion of stable air voids can be induced into the mixture and produce a cellular or porous solid upon curing of the mixture.What is the market size of the concrete industry? ›
The market size, measured by revenue, of the Concrete Contractors industry is $76.4bn in 2023.Who is the largest concrete supplier in the United States? ›
Baker Concrete Construction ranked as the number one concrete contractor based in the United States for many consecutive years, generating 1.18 billion U.S. dollars in revenue in 2018. Lithko Contracting and BrandSafway were second and third respectively in the construction contractor rankings.Is cellular concrete the future? ›
According to a Comprehensive Report by Market Research Future (MRFR), Cellular Concrete Market Information by Application, End-User, and Region - Forecast till 2030", The cellular concrete market can garner a CAGR of 6.20% between 2023 and 2030, reaching a value of USD 1.2 Billion.What is the cost of cellular concrete? ›
A simple example of how cellular concrete cost is figured is as follows. Roughly speaking, one yard³ (. 76 m³) of finished foam can cost between $10-$15 USD, depending on the water concentrate ratio, foam density, and cost per gallon of foam concentrate.What is the difference between cellular concrete and concrete? ›
Cellular concrete is a much lighter material. Regular concrete uses small stone as one of its main ingredients. Cellular concrete replaces this small stone with tiny air bubbles, which are created by the blending of foam ingredients as the concrete is mixed.
What type of concrete business is most profitable? The most profitable concrete businesses are those that provide ready-mix concrete and construction services. The demand for these concrete services is consistently high within the construction industry.Who is the biggest consumer of concrete? ›
4. The residential segment is the greatest cement consumer.Who is the largest producer of concrete? ›
China produces the most cement globally by a large margin, at an estimated 2.1 billion metric tons in 2022. China's cement production share equates to over half of the world's cement.Who is the target market for a concrete business? ›
Identifying Target Market
If you lack big equipment, start looking at homeowners, interior designers and remodelers as your target market. Otherwise, your target market consists of contractors that work on large public or private construction projects.
Currently there are 43 states experiencing a concrete shortage due to a limited supply of cementitious materials (cement, slag cement and fly ash) available to produce concrete.Is there going to be a concrete shortage? ›
But regardless of the residential construction sector's condition, the need for concrete doesn't go away. The commercial industry continues to boom late into 2022, and projects are popping up everywhere. It's likely this trend will continue, caused in part by the federal government's infrastructure bill from last year.What state has the best concrete? ›
|Total Concrete Finisher Jobs:||270|
|Highest 10 Percent Earn:||$78,000|
26, 2021 /PRNewswire/ -- Vulcan Materials Company (NYSE: VMC) today announced that it has completed its previously announced acquisition of U.S. Concrete.Which is the best cement in USA? ›
- Lehigh Hanson.
- Buzzi Unicem.
- Ash Grove Cement.
- Martin Marietta Materials.
- Eagle Materials.
- Essroc Cement.
- Argos Cement.
Brundage-Bone is the largest concrete pumping and material placement service provider in the United States.
China is already home to the largest concrete structure in the world – the Three Gorges Dam across the Yangtze River. Sometimes touted as China's “new Great Wall”, the dam includes 27.2m cubic metres of concrete and its hydroelectric power station is the world's largest power station in terms of capacity.Where is the largest concrete area in the world? ›
DUBAI, Sept. 12 (Xinhua) -- Guinness World Records on Tuesday officially announced that it recorded the 'largest continuous concrete pour in the world' in Dubai with a concrete volume of 21,580 cubic meters for a residential commercial building in Jebel Ali.Will concrete go down in 2023? ›
This primarily reflects higher production costs; the producer price index for cement and concrete manufacturing was up by 15% year on year in November 2022. However, demand-side price pressure is expected to ease. The Portland Cement Association (PCA) estimates that demand will decline by 3.5% in 2023.How strong is cellular concrete? ›
The standard cellular concrete mix weighs 30 pcf, with an average compressive strength of approximately 100 psi (14,400 psf).Where is cellular concrete commonly used? ›
Throughout the world, cellular concrete is used in building and construction applications such as roof decks and floor decks, and geotechnical applications such as annular space filling in slip lining and void fill abandonment. Cellular concrete can also be found in architectural and precast applications.What is the most expensive part of concrete? ›
Typically, stronger concrete mixes are more expensive and this is because of the cement content. Cement is the single most expensive ingredient in a concrete mix, so the stronger the mix, the more cement is required and the higher the price of the mix.Is aerated concrete better than cellular concrete? ›
Aerated concrete may be defined as concrete made very light and cellular by the addition of prepared foam or by generation of gas within the unhardened mixture. It is also termed as cellular concrete and foamed concrete.How much does it cost per square foot to pour a concrete pad? ›
A slab of concrete typically costs about $4 per square foot for materials. On average, a concrete slab cost about $6 per square foot with labor. Including labor, the cost of a concrete pad can range between $4 and $8 per square foot. The average concrete pad measures around 30 feet by 30 feet.What are the 3 types of concrete? ›
There are three different types of concrete: Portland cement, aggregate, and water. Portland cement is the main ingredient in concrete.What is the strongest type of concrete? ›
Ultra-High Performance Concrete (UHPC) is a cementitious, concrete material that has a minimum specified compressive strength of 17,000 pounds per square inch (120 MPa) with specified durability, tensile ductility and toughness requirements; fibers are generally included in the mixture to achieve specified requirements ...
Alternatives made from recycled materials --- like ferrock, ashcrete, timber create, and hempcrete --- tend to require less carbon than concrete and also help to recycle waste materials like steel dust and chaff.What is the most profitable construction business to own? ›
- Roofing Services.
- Floor Maintenance Business.
- Aluminum Products Manufacturing.
- Carpentry Business.
- Door Business.
- Borehole Drilling Business.
- Site Clearing.
For investors, cement stocks are a good way to negate project-specific uncertainty and take advantage of the trend because it's a raw material that will be in demand, no matter what is prioritized.What is the most profitable construction company? ›
Bechtel is the largest construction company in the US, with 55,000 employees and annual revenue of $17.6 billion.What is the biggest problem with concrete? ›
Problems with concrete include construction errors, disintegration, scaling, cracking, efflorescence, erosion, spalling, and popouts.What state produces the most concrete? ›
Cement production in the U.S. amounted to an estimated 92 million metric tons in 2021. Texas, Missouri, California, and Florida were the leading states in terms of cement production in 2021, having accounted for almost 44 percent of U.S. cement produced that year.What is the most used product in the world concrete? ›
Abstract. Today, second only to water, concrete is the most consumed material, with three tonnes per year used for every person in the world. Twice as much concrete is used in construction as all other building materials combined.Who is the father of concrete technology? ›
|Rank||Cement Company||Production Capacity (MTPA)|
|1.||UltraTech Cement Ltd.||116.75|
|2.||Shree Cement Limited||37.9|
|4.||Ambuja Cements Limited||29.65|
The largest vertical roller cement mill is the FLSmidth OK81-6™ vertical mill, with a grinding table diameter of 8.08 m (26 ft 6 in) and roller diameter of 2.64 m (8 ft 7 in), achieved by Shah Cement Industries Ltd.
|Coordinates: 32°28′49″N 96°59′22″W|
Approximately 2.9% of the U.S workforce works in construction. That's about 7.8 million Americans employed by the construction industry, as of January 2023. How big is the construction industry? The U.S. construction industry is vast, being valued at over $1.6 trillion in 2021.Is there a demand for concrete? ›
It's no surprise that global demand for cement, which hardens into concrete when mixed with water and minerals, is expected to increase 48 percent from 4.2 billion to 6.2 billion tons by 2050.Why doesn t the US build concrete houses? ›
There are a few reasons why US homes are made of wood and bricks instead of concrete. The first reason is availability. The USA has vast forests to supply building materials. Second, history plays a large role in how people build their homes, as does American culture and style.Where is the largest cement plant in the US? ›
The World Record Academy certified a cement plant in Alpena, Michigan, as the “World's Largest Cement Plant.” The location, named Lafarge Alpena, produces more than 2.4 million metric tons of cement annually. It produces low-carbon OneCem PLC, Type I/II, Type III, Masonry Type N and Type S cements.Who is the biggest building contractor in USA? ›
The largest contractor in the US is Turner Construction, with a revenue of $14 billion. It provides general contracting services in a variety of sectors, including: Aviation.Which state has most construction in USA? ›
In any event, BLS data shows that the states with the most construction jobs are: California — 663,570. Texas — 568,930.What is the 1 construction company in the United States? ›
The 50 biggest construction companies in the U.S. based on revenue 2021. With revenue figures of about 14.3 billion U.S. dollars in 2021, The Turner Corporation was ranked the leading construction contractor in the United States.