The Latest Cellular Concrete Industry Statistics Explained
The global cellular concrete market was valued at USD 397.8 million in 2020.
This statistic denotes the monetary value of the global cellular concrete market as of the year 2020, which was estimated at USD 397.8 million. Cellular concrete refers to a lightweight, cement-based material with enhanced thermal and acoustic insulation properties, often used in construction applications. The market value indicates the total revenue generated from the sale of cellular concrete products worldwide within that specific year. This figure serves as a key indicator of the market’s size, growth potential, and significance within the construction industry landscape, reflecting the demand for sustainable and efficient building materials. Additionally, it provides valuable insights for industry stakeholders, policymakers, and investors to understand the market’s dynamics and make informed decisions about future investments and strategic planning.
It is projected to reach USD 617.6 million by 2025, growing at a CAGR of 9.2% from 2020.
This statistic indicates that the value of a particular economic measure, likely revenues or market size, is expected to increase to USD 617.6 million by the year 2025. The growth rate, measured as a Compound Annual Growth Rate (CAGR), is projected to be 9.2% starting from the base year of 2020. This means that the value of the measure is expected to grow at a steady pace of 9.2% annually from 2020 onwards until it reaches USD 617.6 million in 2025. This projection suggests a positive trajectory for this economic indicator over the specified time period.
The Asia Pacific region is expected to be the largest market for cellular concrete during the forecast period.
The statistic indicates that the Asia Pacific region is projected to dominate the market for cellular concrete in terms of consumption and demand in the foreseeable future. This suggests that the region will outpace other global markets in utilizing cellular concrete for various construction applications. Factors contributing to this trend may include rapid urbanization, infrastructure development, and a growing emphasis on sustainable and lightweight construction materials in the Asia Pacific region. Consequently, companies operating in the cellular concrete industry may benefit from targeting this region for expansion and market penetration strategies to capitalize on the anticipated market growth and opportunities presented in the Asia Pacific region.
China accounted for the largest market share of 28.5% in 2017.
The statistic “China accounted for the largest market share of 28.5% in 2017” indicates that out of all the market participants in the relevant industry or sector in 2017, China had the highest proportion of total market activity at 28.5%. This means that nearly one-third of the market’s economic transactions or value came from China, highlighting its dominance and significance in the industry. This statistic suggests that China had a strong influence on market dynamics during that year, potentially impacting global trends and outcomes within the sector.
Japan had the second-largest cellular concrete market share at 24.1% in the same year.
The statistic “Japan had the second-largest cellular concrete market share at 24.1% in the same year” indicates that out of all the countries or regions analyzed, Japan held the second highest market share in the cellular concrete industry, comprising 24.1% of the total market. This suggests that Japan has a significant presence and influence in the cellular concrete market and is a key player in the industry. The statistic also implies that there is at least one other country or region that holds a larger market share in cellular concrete, highlighting the competitive nature of the market and the importance of understanding the market dynamics and trends in different regions.
The construction industry is the largest end-user sector for cellular concrete.
The statement that the construction industry is the largest end-user sector for cellular concrete indicates that within the various industries and applications that utilize cellular concrete, such as construction, infrastructure development, and insulation, the construction industry stands out as the primary user. This suggests that the demand for and use of cellular concrete products, known for their lightweight and insulating properties, is highest within the construction sector compared to other industries. This statistic highlights the importance of cellular concrete in construction projects, indicating its popularity and effectiveness in meeting the needs and demands of the construction industry for efficient and high-performance building materials.
Cellular concrete accounts for approximately 7% of the global construction materials market.
The statistic states that cellular concrete, also known as aerated or foam concrete, makes up roughly 7% of the worldwide construction materials market. This indicates that cellular concrete holds a notable position within the construction industry but is not as dominant as other materials like cement, steel, or wood. The market share suggests that cellular concrete is recognized for its unique properties and benefits, such as lightweight nature, thermal insulation capabilities, and sustainability. Despite its relatively smaller share compared to traditional construction materials, the statistic highlights the growing importance and adoption of cellular concrete in various construction projects globally.
More than 35% of all new commercial buildings use cellular concrete.
The statistic “More than 35% of all new commercial buildings use cellular concrete” indicates that cellular concrete is a popular choice in the construction industry for new commercial buildings. Cellular concrete, also known as aerated concrete or foam concrete, is a lightweight and easily workable material that offers benefits such as improved insulation properties, fire resistance, and reduced construction costs. The fact that more than 35% of new commercial buildings utilize this material suggests that it is well-regarded for its performance and efficiency in the construction process. This statistic also highlights a growing trend towards the adoption of innovative and sustainable building materials in the commercial construction sector.
The use of cellular concrete in road sub-bases is expected to grow at a compound annual growth rate (CAGR) of 8% from 2020 to 2025.
The statistic indicates that there is a projected increase in the adoption of cellular concrete for road sub-bases over the period from 2020 to 2025. The compound annual growth rate (CAGR) of 8% suggests a consistent annual growth rate in the utilization of cellular concrete for this specific application. This growth points towards a positive trend in the construction industry, where cellular concrete is being recognized for its benefits in improving road sub-base performance, such as enhanced durability, reduced maintenance costs, and better environmental sustainability. The forecasted CAGR of 8% implies that the market for cellular concrete in road sub-bases is expected to expand steadily over the specified time frame, reflecting increasing demand and confidence in this material’s effectiveness.
North America cellular concrete market is expected to grow at CAGR of 10.6% between 2020 to 2025.
The statistic indicates that the North America cellular concrete market is projected to expand at a Compound Annual Growth Rate (CAGR) of 10.6% from 2020 to 2025. This implies that the market is expected to experience steady growth over the five-year period. A CAGR of 10.6% suggests a relatively robust growth rate, indicating a positive outlook for the cellular concrete industry in North America. Factors contributing to this growth could include increasing construction activities, infrastructure development projects, and sustainable building practices driving the demand for cellular concrete products in the region.
The global cellular concrete industry employs over 300,000 people directly.
The statistic that the global cellular concrete industry employs over 300,000 people directly highlights the significant workforce impact of this sector on a global scale. This statistic indicates the number of individuals who are directly employed in various roles within the cellular concrete industry around the world. These roles may include production, distribution, sales, research and development, and other related activities within the industry. The employment of over 300,000 people demonstrates the industry’s contribution to job creation and economic growth, showcasing its importance in providing livelihoods and opportunities for individuals in different regions. It also underscores the industry’s size and importance within the construction and building materials sector, emphasizing its role in supporting infrastructure development and construction projects worldwide.
About 75% of all cellular concrete is produced in Asia.
The statistic “About 75% of all cellular concrete is produced in Asia” indicates that the majority of cellular concrete manufacturing occurs in the Asian region. This suggests a concentrated production hub in Asia, highlighting the significant role that Asian countries play in the global cellular concrete industry. The statistic underscores how Asia is a key player in meeting the demand for cellular concrete worldwide, potentially due to factors such as population growth, urbanization, and infrastructure development driving the need for construction materials like cellular concrete in the region. The concentration of cellular concrete production in Asia may reflect both the regional market dynamics and manufacturing capabilities, making it a crucial region for the industry’s supply chain and economic impact.
Germany is the largest producer of cellular concrete in Europe.
The statistic “Germany is the largest producer of cellular concrete in Europe” indicates that Germany has the highest output of cellular concrete compared to other European countries. Cellular concrete is a lightweight and versatile construction material that is commonly used in various applications such as insulation, soundproofing, and building construction. The fact that Germany holds the title of the largest producer of cellular concrete in Europe suggests that the country has a thriving construction industry and a high demand for innovative building materials. This statistic highlights Germany’s leading position in the European market for cellular concrete production and reflects its strong presence in the construction sector.
Cellular concrete has a market penetration of only 5% in the residential construction sector.
The statistic indicates that cellular concrete, a specialized type of lightweight and high-performance concrete, currently holds a market share of 5% within the residential construction sector. This low market penetration suggests that the use of cellular concrete in residential construction projects is relatively limited compared to other construction materials and methods. The statistic highlights an opportunity for growth and increased adoption of cellular concrete in the sector, potentially driven by its benefits such as energy efficiency, reduced construction costs, and improved structural performance. Increasing the market penetration of cellular concrete could lead to more sustainable and innovative construction practices within the residential sector.
The Middle East and Africa region is expected to witness the highest growth in cellular concrete market with a CAGR of 11.2% from 2020 to 2025.
The statistic indicates that the Middle East and Africa region is projected to experience the most significant increase in the cellular concrete market over the five-year period from 2020 to 2025, with a compound annual growth rate (CAGR) of 11.2%. This suggests a strong upward trend in the demand for cellular concrete products in this region, which could be driven by factors such as rapid urbanization, infrastructure development, and increasing construction activities. The high CAGR implies that the market for cellular concrete in the Middle East and Africa is expected to expand at a substantial rate, presenting opportunities for industry players to capitalize on this growth potential.
The manufacturing sector accounts for around 15% of total cellular concrete usage globally.
This statistic indicates that the manufacturing sector is responsible for approximately 15% of the total global usage of cellular concrete, which is a lightweight and insulating material commonly used in construction. This suggests that manufacturing industries use a significant portion of cellular concrete in their operations, likely for applications such as insulation, soundproofing, and structural purposes. Understanding the specific demand from the manufacturing sector can provide insights into the overall market dynamics and potential areas for growth or improvement in cellular concrete production and utilization within this industry.
The market for lightweight cellular concrete is expected to grow at a CAGR of 5.4% from 2020 to 2025.
The statistic indicates that the market for lightweight cellular concrete is projected to experience a Compound Annual Growth Rate (CAGR) of 5.4% over the period from 2020 to 2025. This implies that the market is expected to expand at a steady annual pace of 5.4% during this timeframe. A CAGR is a useful measure for understanding the growth rate of an investment or market over multiple periods, providing a smoothed annual rate of growth. In this case, the forecasted growth rate suggests that there is increasing demand and potential for market expansion in the lightweight cellular concrete industry over the next five years.
In 2017, the U.S cellular concrete market was valued at USD 94.56 million.
The statistic states that the U.S cellular concrete market had a value of USD 94.56 million in 2017. This implies that the total worth of products and services related to cellular concrete in the U.S was $94.56 million during that year. This figure reflects the market size and economic activity within the cellular concrete industry in the U.S specifically for the year 2017. It serves as a quantitative measure of the market’s value and can be used to analyze trends, compare with previous years, and make projections for future growth or performance of the cellular concrete market in the U.S.
Infrastructure contributes to way over 25% of the total cellular concrete market.
The statistic indicates that infrastructure projects play a significant role in the cellular concrete market, accounting for more than 25% of the total market share. This suggests that the demand for cellular concrete, a lightweight and versatile construction material, is being largely driven by infrastructure development activities such as building roads, bridges, tunnels, and other related projects. The preference for cellular concrete in infrastructure projects could be due to its advantageous properties such as high strength, low density, and thermal insulation capabilities, making it a suitable choice for various construction applications. The statistic underscores the importance of infrastructure in driving the growth and utilization of cellular concrete within the construction industry.
References
0. – https://www.www.globenewswire.com
1. – https://www.www.gminsights.com
2. – https://www.www.sourcewatch.org
3. – https://www.www.prnewswire.com
4. – https://www.www.marketsandmarkets.com
