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

Reduction of inefficient windows and electric lighting costs, along with less energy use and lesser energy-related emissions

The Global Transparent or Translucent Concrete Market is estimated to be USD 3.49 Bn in 2023 and is expected to reach USD 25.1 Bn by 2028 growing at a CAGR of 48.39%.

Transparent or translucent concrete, also known as light-transmitting concrete, is a relatively new technology in which optical fibers or other light-transmitting materials are embedded within traditional concrete. As a result, typical concrete's strength and durability are retained in a material that allows light to enter through it. A variety of aesthetic effects are possible since the fibers or other light-transmitting materials are typically embedded in the concrete in a specific pattern or configuration. It has numerous possible uses, including in art, interior design, and architecture.

Increased end-user utilization is driving the market. The market is growing because translucent concrete is frequently used for subway roofs, where energy consumption powers the subway's lighting system throughout the day. Additionally, the growing demand for translucent concrete is being driven by the aesthetic demands of construction, which are being satisfied by the increased use of translucent concrete in flooring applications such as commercial buildings, residential buildings, restaurant floorings, railway floorings, footpaths or walking tracks in gardens, and staircases. It is used for a variety of applications across sectors due to its special qualities, which is what drives market demand. It is increasingly in demand due to factors such as rising urbanization, rising consumer spending power, rising demand for attractive and aesthetically pleasing structures, and rising need for energy conservation.

However, the market is restrained by the high cost of translucent concrete manufacturing. Buildings made with transparent or translucent concrete require significant investments because the price of the translucent concrete is more than the cost of the building, which inhibits market expansion. The market for transparent and translucent concrete has significant challenges due to the high level of expertise needed for the infusion of optical fibers into the concrete composition.

Furthermore, the surging research and development in the concrete material to improve the overall illumination, quality and economic value of construction further extend profitable opportunities to the market players in the forecast period. The increased emphasis on building aesthetics by governments to draw in more visitors and the use of ecologically friendly construction materials will both contribute to the future expansion of the transparent concrete industry.

Market Segmentations

• The Global Transparent / Translucent Concrete Market is segmented based on Raw Material, Application, End-User, and Geography.
• By Raw Material, the market is classified into Concrete and Optical Elements.
• The Concrete segment led the market. To evenly distribute light from one side to the surface, fine concrete made of cement and sand aggregates accounts for 94% to 96% of the total volume of the mixture. The concrete that is created is used as a building material that easily transmits both natural and artificial light, aiding in the daytime conservation of electricity. Fast-setting cement is used to create pre-cast concrete, which is then cut into panels and blocks, polished, and tinted as needed before being shipped for usage.
• By Application, the market is classified into Wall cladding, Roofing, Flooring, and Others.
• The Wall Cladding segment led the market due to a wider range of applications, including corporate structures, historical landmarks, and interiors of homes. This wall covering is frequently used as an interior wall that emits natural light during the day and artificial lighting at night.
• By End-User, the market is classified into Residential and Non-residential.
• The Non-Residential segment led the market and accounted for more share of the global revenue due to the material's employment in huge commercial structures including corporate headquarters, architectural structures, and museums. Also, it has significant growth potential since smart lane separators are anticipated to be implemented in various regions of the world in the future for increased traffic safety. The market has made significant contributions to the renewable energy industry. 2018 saw the official opening of a two-kilometer section of a solar highway in Shandong province. Instead of using ordinary concrete, the road built with embedded photovoltaic cells was covered with a layer of translucent concrete to generate electricity for induction charging the electric vehicles.
• By Geography, the market is classified into the Americas, Europe, Middle East & Africa, and Asia-Pacific.
• Europe dominated the market, due to the location of numerous transparent manufacturing businesses. The area is anticipated to have strong product demand throughout the projected period because of several initiatives supporting green construction materials. The requirement for sustainable and energy-efficient alternatives controls product demand in Europe, and this trend is anticipated to persist during the projected period. Also, the major product production companies are concentrated in the area, which streamlines the distribution of products there and is likely to benefit market growth.

Recent Development

• Hi-Macs (LG Hausys) launched a new product called Hi-Macs Concrete. The product is a translucent concrete material that can be used in a variety of applications, including interior design and furniture. - August 2021
• Luccon completed a translucent concrete project in Dubai. The project involved the use of translucent concrete panels to create a decorative façade for a commercial building. - June 2021
• Litracon launched a new product called Litracon Vario. The product is a translucent concrete block that allows for greater design flexibility and customization. - June 2021

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for 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 Pan-United, Dada, Glass Block Technology, Fapinex, Florack Bauunternehmung, 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, Qatar, Nigeria, 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)
• 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