The global translucent concrete market size was USD 5 million in 2022 and is expected to reach USD 170.34 million in 2032, and register a revenue CAGR of 48 % during the forecast period. The demand for new and sustainable building materials, rising demand for energy-efficient solutions, and the increased emphasis on architectural aesthetics are major factors driving the market revenue growth. With its distinctive qualities, including high strength, thermal insulation, and the capacity to transmit light while keeping privacy, translucent concrete is experiencing a significant increase in demand, which is driving revenue growth of the market.
The demand for cutting-edge and environmentally friendly building materials is one of the main factors driving the global translucent concrete market revenue growth. Translucent concrete is a visually beautiful and environmentally friendly replacement for conventional building materials. It is constructed of components including optical fibers or transparent resins that permit light to pass through. This material is extensively used in many different applications, including decorative panels, floors, walls, and partitions. A variety of architectural projects, including office buildings, public areas, and residential structures, also use it, which is driving market revenue growth.
Transmission of light in the optical fiber takes place even at an incident angle greater than 60 degrees, because of which it is highly used. Transparent concrete does not contain coarse aggregates, it is manufactured using fine materials only. There has been a lack of awareness among the masses for the use and benefits of translucent concrete, which hampers its growth. But there has been increase in the research and development by knowing the fact and benefits provided by the usage of translucent concrete, which thereby expected to fuel the market growth in the near future.
Most of the large scale civil engineering structures such as tall buildings, underground buildings, big structures around the world as based on artificial lighting for illumination. These buildings in most of the places are stack together to each, and there is no natural light passing through them. Translucent concrete finds its application in such an area, thereby having many optical fibres into concrete light can transmit effectively with no loss conducted in the fibres.
The Middle East and Africa has the highest market segment among the region for the use of translucent concrete. Most of the countries in the middle east are expected to witness gains in light of rising construction activities which is further coupled with the growing number of infrastructural projects in the region.
There has been a variety of fiber-optic sensors in concrete structures that have led to the advancement in the technology of the construction industry in Europe. Moreover, Europe is the second-largest market for Translucent concrete. The manufactures of Europe for the translucent concrete have exported to various countries across the globe.
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Further key findings from the report suggest
- The market for translucent concrete is anticipated to grow at a CAGR of 1% in the Middle East and Africa, followed by Europe and North America, with 79% and 73% CAGR, respectively. Increasing demand for green buildings for construction and infrastructure, robust growth in the fine concrete materials are the key factors to accelerate market growth during the forecast period across all regions.
- As of 2018, the facade and wall cladding segment was valued at USD 756 thousand. The translucent concrete, when used in facade wall cladding, offers natural light transmission and saves electrical energy. It also provides high strength due to the presence of concrete as a raw material has one of the reasons for the growth of the translucent concrete market.
- The penetration of translucent concrete structures into the Asia-Pacific region is primarily due to population growth, leading to high electrical energy consumption in the region, especially in India, Japan, and China
- China’s Transportation Ministry of Science and Technology in April 2018 has announced the construction of smart roads which will charge the cars automatically. The road will be paved with electric battery, sensors and solar panels which will be embedded underneath a translucent concrete.
- The MEA region holds the largest market share in the translucent concrete industry. This is because the region has the presence of construction infrastructure industry that focuses significantly on the development of modern and advance technological restaurant accessories, floorings, residential commercial buildings, monuments, and worship places technologically.
- The translucent concrete, when used in facade wall cladding as an application, saves electrical energy and offers natural light transmission. It is also weather-insensitive and hence, offers durability. As there is a presence of concrete provides high strength as raw material.
- Key participants include Litracon Ltd, Lucem GmbH, Dupont Lightstone, Cre Panel GmbH, Italcementi Spa, Pan-United Corporation Ltd, Beton Broz, Glass Block Technology Limited, Florack Bauunternehmung GmbH, and Illuminart.
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