Translucent Concrete Market to Reach $21,022.8 Thousand, Globally, by 2027 at 39.9% CAGR: Allied Market Research

PORTLAND, Oregon, May 25, 2020 /PRNewswire/ -- 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.

Drivers, restraints, and opportunities-

Rise in awareness about using power saving materials in infrastructure and increase in demand for aesthetic appeal in the same drive the growth of the global translucent concrete market. On the other hand, high costs associated with translucent concrete manufacturing impede the growth to some extent. However, surge in focus on using energy efficient materials in construction is expected to create multiple opportunities in the industry.

COVID-19 scenario-

• With the outbreak of the disease, a lot of construction projects have been delayed due to the shortage of workers and several other constraints on board. Consequently, the global translucent concrete market has been impacted badly.
• Also, given the impact of the slowdown in economic growth, there has been a steep decline in the demand for translucent concrete installations all over the world.
• However, the second quarter of the financial year 2020-21 is expected to witness a considerable growth in the market.

Get detailed COVID-19 impact analysis on the Translucent Concrete Market: https://www.alliedmarketresearch.com/request-for-customization/6667?reqfor=covid

The walls segment to dominate by 2027-

Based on application, the walls segment 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.

The non-residential segment to lead the trail-

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. This is due to rise in construction of walls of public infrastructure using translucent concrete

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/6667

Europe garnered the highest share in 2019, North America to grow at the fastest CAGR by 2027-

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. Increase in the drift toward building aesthetically pleasing infrastructure drives the growth in this region.

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)

Interested in Procuring this Report? Visit: https://www.alliedmarketresearch.com/translucent-concrete-market/purchase-options

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at: https://www.alliedmarketresearch.com/library-access

Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements.

Avenue Library Subscription | Request for 14 days free trial of before buying:

https://www.alliedmarketresearch.com/avenue/trial/starter

Similar Reports:

Ready-Mix Concrete Market Expected to Reach $766.6 Billion by 2026

Real Estate Market Expected to Reach $8.6 Billion by 2026

Friction Products and Materials Market to Garner $24,533 Million, Globally, by 2025

Self-healing Concrete Market Expected to Reach $1,375,088.0 Thousand by 2025

Green Cement Market Expected to Reach $36,481 Million, Globally, by 2023

Pre-Book Now with 12% Discount:

Concrete and Cement Market- Global Opportunity Analysis and Industry Forecast, 2020-2027

Self-Repairing Concrete Market- Global Opportunity Analysis and Industry Forecast, 2020–2027

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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.

Contact Us:
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975|
[email protected]  
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter

View original content:http://www.prnewswire.com/news-releases/translucent-concrete-market-to-reach-21-022-8-thousand-globally-by-2027-at-39-9-cagr-allied-market-research-301064719.html

SOURCE Allied Market Research