Global Translucent Concrete Market Research and Forecast 2018-2023

Global Translucent Concrete Market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, Forecast 2018-2023

Translucent Concrete Market, also known as light-emitting concrete is constructed with the building material having light-transmitting properties. The light optical elements such as optical fibers are incorporated into the fine concrete in the building structure. Translucent concrete is mainly used as a ventilated façade material and in the cladding of the interior walls. The combination of fine concrete in the amount of 95% of the constructing block with 4%-5% of optical fibers is used for the manufacturing of translucent concrete structure.

Translucent concrete consumes less amount of energy as sunlight can be used as a light source during the daytime. It provides illuminated pavements and enhances the aesthetic view of the buildings are increasing its adoption rate across the globe. Moreover, the translucent concrete is beneficial for countries having low access to electricity. The high construction cost of translucent concrete structures and lack of skilled labor for the production of the translucent concrete objects restrains the manufacturing of translucent concrete across the globe. Lack of awareness among the population regarding the benefits of translucent concrete for the construction of the building is significantly hampering the market growth. However, the increasing research and development sector for the development of affordable translucent concrete structure is expected to fuel the market growth in the near future.

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The translucent concrete market can be segmented on the basis of material and end user. Based on material, the market is bifurcated into fine concrete and optical fibers. Optical fibers can be further segmented into the single-mode step-index fiber, multi-mode step-index fiber, and multi-mode graded-index fiber. Based on application, the market is diversified into the interior cladding and ventilated façade systems. Among materials, the fine concrete segment holds a major share in the translucent concrete market. This is due to its major use for the construction of translucent concrete.

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The global translucent concrete market is further analyzed on the basis of the geographical regions that are significantly contributing towards the growth of the translucent concrete market. The deployment of a variety of fiber-optic sensors in concrete structures has led to the technological advancement in the construction industry in Europe. Moreover, the large number of market players manufacturing translucent concrete in Europe is the major factor augmenting the market growth in the region. The translucent concrete structures manufactured in Europe are exported to various countries across the globe, including the U.S. The penetration of translucent concrete structures into Asia Pacific region is mainly owing to rising population, leading to the high consumption of electrical energy in the region, especially in India, Japan, and China. Moreover, Iran is prone to earthquakes; hence deployment of glass façade is dangerous. Therefore, the use of translucent concrete material is highly desirable to provide aesthetic appeal to the building structure, in turn, fueling the growth of the translucent concrete market in the Asia Pacific.

Some of the key vendors of the translucent concrete market are Litracon Ltd, Luccon, Lucem GmBH, Materia Exhibitions B.V., ModernContempo, and NU World LED, among others. The market players are adopting various strategies to sustain in the competitive market. The key strategies include the launch of novel products, merger & acquisition, regional expansion, and joint ventures, among others. For instance, in April 2018, China’s Transportation Ministry of Science and Technology has announced the construction of smart roads that will automatically charge cars. The road will be paved with sensors, solar panels, and electric battery, embedded underneath a translucent concrete.