Global Transparent & Translucent Concrete Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Increasing application of translucent concrete in wall cladding, roofing, flooring, and others as a light-emitting source is offering growth prospects to the market

The Global Transparent & Translucent Concrete Market is estimated to be USD 25.43 Mn in 2023 and is expected to reach USD 141.71 Mn by 2028 growing at a CAGR of 41%.

Transparent concrete, also called 'light-transmitting concrete'or 'Litracon,'is a type of concrete that permits light to pass through it. The concrete is composed of a blend of fine concrete and optical fibers, placed in a specific pattern to enable light to pass through the concrete. The fibers are often made of glass and constitute approximately 4% to 5% of the concrete mixture by volume. Translucent concrete, on the other hand, permits some light to pass through it but not to the same extent as transparent concrete. It is also known as 'light-transmitting concrete'or 'light-emitting concrete.'A matrix of translucent material, such as resins or acrylics, is embedded into traditional concrete to create translucent concrete. The translucent material allows some light to pass, while the surrounding concrete provides strength and stability. Translucent concrete is appropriate for various architectural applications, such as wall panels, partitions, and decorative features, to produce a unique and fascinating visual effect.

The transparent and translucent concrete market is driven by various factors, including the increasing popularity of sustainable construction practices, the material's aesthetic appeal, its ability to enhance safety and security in building design, its superior durability, and technological advancements. For instance, due to its eco-friendly nature, allowing natural light to pass through and reducing the need for artificial lighting, transparent and translucent concrete is becoming popular in sustainable construction projects. Additionally, advancements in technology have led to the development of more efficient and cost-effective products using new materials, manufacturing processes, and design techniques, contributing to the market's growth.

However, the cost of producing transparent and translucent concrete is relatively high compared to conventional concrete. The high cost can make it less attractive to potential customers and limit its adoption in certain applications. In addition, the production of transparent and translucent concrete is still relatively new and may not be readily available in all regions. This limited availability can hinder its widespread adoption and limit its market potential. Furthermore, the structural limitations and maintenance requirements are other factors limiting the market's growth. Transparent and translucent concrete may not have the same structural strength as traditional concrete. This can make it unsuitable for applications that require high strength or load-bearing capacity, limiting its use in construction projects.

Market Segmentations

• The Global Transparent & Translucent Concrete Market is segmented based on Raw Material, Application, End Use, and Geography.
• By Raw Material, the market is classified into Concrete and Optical Elements.
• The concrete raw material segment accounts for the largest market share. The main components of fine concrete are cement and sand aggregates, which make up approximately 94% to 96% of the mixture volume. Fibers are added to ensure an even distribution of light across the surface. This type of concrete is ideal for constructing buildings as it allows for the efficient transmission of both natural and artificial light, leading to energy conservation during daylight hours. The production process utilizes fast-setting cement to create pre-cast concrete cut into panels and blocks. These pieces are then polished and colored according to the desired specifications before being sent for use.
• By Application, the market is classified into Wall cladding, Roofing, Flooring, and Others (Digital Signage, Benches, Reception desk, Lamps, Jewelry, and Bar-tops).
• The wall cladding segment holds the largest market share due to a wide range of applications for residential interiors, architectural monuments, and corporate buildings. This wall cladding is often used as an interior wall that emits natural light during the day and artificial lighting at night.
• By End Use, the market is classified into Residential and Non-residential.
• The Non-Residential segment has the largest market share attributed to the high usage of material in large commercial buildings such as corporate offices, buildings, and museums.
• By Geography, the market is classified into Americas, Europe, Middle East & Africa, and Asia-Pacific.
• Europe accounts for largest market share due to several translucent manufacturing companies in the region. The region is also anticipated to have significant product demand because of numerous activities in support of green construction materials.
• Recent Development
• Italian company Italcementi Group unveiled its new patented product, i.design EFFIX, a transparent cement-based material that can be used to create decorative and functional surfaces. The product is made by combining cement, water, and a specific admixture, which results in a translucent material that can be used for walls, floors, and other applications - July 2021.
• American company Pantheon Enterprises announced the launch of its new line of transparent concrete products, called Eco-Translucent Concrete. The product is made using a proprietary blend of cement, recycled glass, and other materials, which results in a material that is both strong and translucent - December 2020.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are LCT GesmbH, Litracon Ltd., LUCCON Licthbeton GmbH, LUCEM GmbH, Pan-United Corp. Ltd., Italcementi SpA, etc.

Countries Studied

• America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
• Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Ireland, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
• Middle East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
• Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

• The report presents a detailed Ansoff matrix analysis for the Global Transparent & Translucent Concrete Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
• The publisher analyses the Global Transparent & Translucent Concrete Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
• Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Transparent & Translucent Concrete Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
• Excel data sheet for the market size will also be provided with the report.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
• The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
• The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

• A complete analysis of the market, including the parent industry
• Important market dynamics and trends
• Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
• Market segmentation
• Competitive Analysis: Comparative analysis of competitor
• Historical, current, and projected size of the market based on value and volume
• Market size of the US states
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market