What is Global Lightweight Concrete Market?
The Global Lightweight Concrete Market is a vast and dynamic sector that has been gaining significant traction in recent years. Lightweight concrete, as the name suggests, is a type of concrete that is lighter than conventional concrete due to the use of lightweight aggregates or voids in its composition. This market encompasses a wide range of products and services, catering to various construction needs across the globe. The market's value stood at a whopping US$ 30200 million in 2023 and is projected to escalate to US$ 35720 million by 2030. This growth trajectory, marked by a CAGR of 2.4% during the forecast period 2024-2030, is a testament to the increasing demand and adoption of lightweight concrete in various construction activities.
Lightweight Aggregate Concrete, Aerated Concrete, No Fines Concrete in the Global Lightweight Concrete Market:
The Global Lightweight Concrete Market is segmented into Lightweight Aggregate Concrete, Aerated Concrete, and No Fines Concrete. Lightweight Aggregate Concrete is a type of concrete that uses lightweight aggregates like expanded clay, shale, or slate that are lower in density than normal aggregates. Aerated Concrete, on the other hand, is a type of lightweight concrete where the volume is increased by introducing air voids into the concrete mix. This is achieved by adding a foaming agent to the concrete mix. No Fines Concrete is a lightweight concrete variant that excludes fine aggregates, resulting in a porous and lightweight concrete. These different types of lightweight concrete cater to various construction needs, offering unique benefits like improved thermal insulation, reduced dead loads, and enhanced fire resistance.
Residential Building, Commercial Building, Industrial Building, Infrastructure in the Global Lightweight Concrete Market:
The Global Lightweight Concrete Market finds extensive application in various areas like Residential Buildings, Commercial Buildings, Industrial Buildings, and Infrastructure. In Residential Buildings, lightweight concrete is used for constructing walls, floors, and roofs due to its excellent thermal insulation properties and reduced weight. Commercial Buildings also leverage lightweight concrete for similar purposes, with the added benefit of enhanced fire resistance, making it a safer choice. Industrial Buildings use lightweight concrete for its strength and durability, making it suitable for heavy-duty industrial applications. Infrastructure projects like bridges, tunnels, and highways also use lightweight concrete due to its reduced weight, which helps in reducing the load on the structure and improving its longevity.
Global Lightweight Concrete Market Outlook:
The market outlook for the Global Lightweight Concrete Market is quite promising. As of 2023, the market was valued at US$ 30200 million and is expected to grow to US$ 35720 million by 2030, marking a CAGR of 2.4% during the forecast period 2024-2030. The market is dominated by the top five Lightweight Concrete players who collectively account for about 14% of the total global market. Geographically, Asia Pacific is the largest consumer of Lightweight Concrete, accounting for about 58% of the global consumption, followed by Europe and North America. In terms of product type, Aerated Concrete is the most popular, accounting for over 54% of the market share.
| Report Metric | Details |
| Report Name | Lightweight Concrete Market |
| Accounted market size in 2023 | US$ 30200 million |
| Forecasted market size in 2030 | US$ 35720 million |
| CAGR | 2.4% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
|
| Segment by Application |
|
| Production by Region |
|
| Consumption by Region |
|
| By Company | LafargeHolcim, Xella Group, Cemex, CRH PLC, HeidelbergCement Group, Aercon AAC, H+H International A/S, ACICO, Boral Limited, Buzzi Unicem, Solbet, Shandong Yasheng, Votorantim Cimentos, Yanshi Huatai, Cimpor, Titan America LLC, Beijing BBMG, Guangzhou Development Group, Huaxin Cement |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
