Stratview Research has published a new report titled “ Cellular Concrete Market ” which is segmented by  Application Type  (Building Material, Road Sub-bases, Concrete Pipes, Void Filling, Roof Insulation, Bridge Abutment, and Others), by  End-User Type  ( Residential Building, Commercial Building, Infrastructure, and Others), and by  Region  (North America, Europe, Asia-Pacific, and Rest of the World).

As per the study, The  Global  Cellular Concrete Market  is expected to grow from  US$ 2.38 Billion in 2022  to  US$ 3.28 Billion by 2028  at a healthy  CAGR of 5.49%  during the forecast period of  2022-2028 .

Cellular concrete is a material formed by the combination of cement, water, and preformed foam. This hardened material has an oven-dry density of 50 lb./cubic foot or less.

The use of this material in construction offers several advantages such as it is light in weight, has resistance to fire, is thermally insulated, soundproof, and is environment friendly.

To learn more about the report, click here:

https://www.stratviewresearch.com/906/cellular-concrete-market.html

Report Highlights

This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the industry’s market dynamics. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.

The market is bifurcated into various segments. Below given is the segment-wise analysis -

Application Trends

Based on the application type, the market is segmented as a building material, road sub-bases, concrete pipes, void filling, roof insulation, bridge abutments, and others. 

The building material segment accounted for the largest share of the market in 2022 and is expected to remain dominant during the forecast period. The need for lightweight building materials is driving the growth of this segment.

End-User Trends

Based on the end-user type, the cellular concrete market is segmented into residential buildings, commercial buildings, infrastructure, and others. 

The infrastructure segment is the largest as well as fastest-growing segment, driven by the exceptional growth in the construction industry and the urge to use eco-friendly building materials.

Which Region is expected to remain the largest market?

Asia-Pacific is estimated to be the largest as well as the fastest-growing market for cellular concrete during the forecast period. China and India are likely to be the growth engines of the Asia-Pacific region.

The growth of the market is driven by the rising economic growth of India and China, leading to more infrastructure development activities and increasing consumer spending in these countries.

North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Who are the Key Players in the Market?

This report provides market intelligence most comprehensively. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market.

The following are the key players active in the cellular concrete market:

• Cellucrete Corp
• Cematrix
• Compagnie de Saint-Gobain S.A
• Pan Pacific Management Resources Pty Ltd
• Xella Group

Key questions answered by the report.

• What is the projected CAGR for revenue from the cellular concrete Market during the forecast period?
• What would the market be valued at by 2028?
• What is a major driving factor for the growth of the market?
• Which region accounted for the largest revenue share in the Cellular Concrete Market?
• Which are the major market players?

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