The cellular concrete market is projected to register substantial growth by 2027 owing to increasing construction and renovation activities across the residential, industrial, and commercial sectors worldwide.
Cellular concrete is a lightweight cement-based substance with many gas bubbles evenly distributed throughout its volume and is made by mixing and maturing a mixture of cement, filler, water, and agent creating cells. It offers a wide range of benefits, such as being lightweight, fire resistant, environmentally friendly, cost-efficient, and an acoustical as well as thermal insulator. Notably, growing advances in R&D activities focused on enhancing the quality and endurance of cellular cement have propelled industry expansion in recent years.
Additionally, industry players are implementing strategic initiatives to leverage emerging trends, which has been favorable for business growth. For instance, in September 2019, CEMATRIX Corporation, a Canada-based company specializing in cellular concrete solutions, announced the acquisition of Pacific International Grout Co. (PIGCO), a cellular concrete construction company. The addition of PIGCO’s expertise in geotechnical and tunnel grouting applications using cellular concrete reinforced CEMATRIX’s position in the North America cellular concrete market.
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To cite another instance, in January 2021, Aircrete Europe, a global provider of Autoclaved Aerated Concrete (AAC) panel technology, inked a partnership agreement with MFL Fibre Cement, a leading engineering and manufacturing company for fibre cement products, to jointly develop solutions for the lightweight prefab building space. The deal enabled Aircrete to expand its product capabilities for local markets.
The cellular concrete market has been bifurcated based on density, application, end-user, and region. In terms of application, the market has further been classified into void filling, building materials, bridge abutment, road construction, and others.
The bridge abutment sub-segment is projected to amass a sizable revenue of around USD 260 million by the end of 2027. As cellular concrete is a lightweight material, it offers significant reduction in lateral loads without compromising the requirement of superior compressive strength, which is likely to boost product adoption in bridge abutment applications over the following years.
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Based on density, the cellular concrete market has been segregated into low, medium, and high. The medium sub-segment is expected to grow at a CAGR of more than 4.9% over the assessment period. Proliferating usage of middle density products in void filling and residential construction applications is set to fuel segmental demand in the coming years.
With respect to end-user, the market has been categorized into infrastructure, commercial, residential, and others. The infrastructure sub-segment is anticipated to witness robust growth by 2027, progressing at a CAGR of about 5.8% over the review period. Increasing investments in infrastructure development around the world are estimated to bolster segmental expansion through the study timeframe.
From the regional point of view, the Middle East & Africa cellular concrete market is foreseen to reach a considerable revenue of above USD 146 million by 2027 on account of rising construction activities in MEA. Moreover, surging awareness about incorporating green building construction materials is speculated to augment regional market growth in the future.
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