Cellular Concrete Market Industry Analysis & Overview

“Cellular Concrete Market”
Cellular Concrete Market by Application (Building Material, Road Sub-bases, Concrete Pipes, Void Filling, Roof Insulation, Bridge Abutment, and others), by End-user (Residential Building, Commercial Building, Infrastructure, Others)

Cellular concrete is a lightweight building material. It has several benefits, as it is cheap, time-efficient, and requires lesser manpower for construction purposes than the traditional construction material. It can be easily placed by pump or gravity for rapid installation. It can absorb shock waves and has high freeze-thaw resistance. It can be easily formed on-sight and has low water absorption and permeability. It is lightweight, durable, non-corrosive, permanent, and stable to use. It levels by itself and provides 100% compaction to fill spaces entirely without any shrinkage. MarketsandMarkets projects that the global cellular concrete market size will grow from USD 337.6 million in 2015 to USD 449.8 million by 2020, at a CAGR of 5.9%. The cellular concrete market by application is segmented as building materials, concrete pipes, void fillings, road sub bases, roof insulation, bridge abutment, and other (geotechnical application and ornamentation). The end-use market of cellular concrete includes residential buildings, commercial buildings, infrastructure, and others (agriculture, mining, and utility).

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The key players in the cellular concrete market 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), Shirke (India), Broco Industries (Indonesia), and Aircrete Europe (Netherlands). These players have adopted various strategies to expand their global presence and increase their market share. Supply contract, joint ventures, Mergers & acquisitions, expansions, investments, and new product launches are some of the major strategies adopted by players to achieve growth in the cellular concrete market.

The growth of the cellular concrete market was influenced by supply contract from June 2011 to July 2015. The year 2015 has experienced a large number of supply contracts by top players in the market. New product launch and expansion also formed an essential part of their strategies, which led to the flow of considerable income within the company. Agreement, supply contract, and joint ventures were the key strategies adopted by the companies in the last four years to gain a considerable market share and focus on core operations of the business.

Xella Group (Germany) brand Ytong launched a product named PP 4. Cematrix (North America) wholly owned subsidiary CEMATRIX (Canada) Inc. has received a contract for infrastructure projects in Canada and U.S. Aircrete and TBS (Netherlands), and ACICO (Kuwait) signed a contractual agreement with Radisson (UAE)

Companies such as Xella Group (Germany), Cematrix (North America), and ACICO (Kuwait) were the key players adopting the strategies of supply contract and mergers and acquisitions to increase the reach of their offerings, improve their production capacity, and establish focus on core operations. Companies are aiming to serve the market efficiently by investing in manufacturing facilities and acquiring distribution centers in the fast-growing markets.

The building materials segment is projected to play a key role in the cellular concrete market; this segment is projected to grow at a higher rate in 2015.

Cellular concrete provides structure, insulation, and fire and mold-resistance. Cellular concrete products include blocks, wall panels, floor and roof panels, and lintels. It is a low-density fill material primarily used in geotechnical applications. The lightweight cellular concrete is made by mixing pre-formed stable foam and cement-based slurry. MarketsandMarkets projects that the global cellular concrete market size will grow from USD 337.6 million in 2015 to reach USD 449.8 million by 2020, at a CAGR of 5.9%.

The infrastructure sector is estimated to account for the largest market share in the cellular concrete market and this trend is projected to continue during the forecast period. This segment is also expected to grow at the fastest rate during the forecast period. The increase in development in the construction industry and eco- friendly building material is expected to boost the growth of the infrastructure sector in cellular concrete market. The residential building segment is forecast to be the second-largest  segment in the cellular concrete market in the coming years.

Building material is projected to be the largest application in the cellular concrete market. The rising demand for lightweight building materials across the world is expected to drive the cellular concrete market. The road sub-bases segment will register the highest CAGR from 2015 to 2020, followed by  building materials and concrete pipes.

Cellular concrete is replacing the traditional materials in the construction industry and it is easily available in the market,  owing to their lightweight and better-quality properties. The growth in the cellular concrete market will be stimulated by expanding applications in construction components, blocks, void filling, and roof insulation. The cellular concrete market is restrained by the substitutes of the material and the material is easily replaceable.

Emerging economies are focusing on rapid industrialization over the last few decades. The European region is expected to account for the largest share in the cellular concrete market from 2015 to 2020. Asia-Pacific is projected to be the fastest-growing region for the market during the forecast period. Countries such as China and India are transforming their economies from being agriculture-based to manufacturing and other industry-based economies. Increasing urbanized population in China and India and growth in disposable income are driving the cellular concrete market in Asia-Pacific.

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