Global Translucent Concrete Market: Overview
The global translucent concrete market is projected to expand at a substantial rate over the forecast tenure, 2019 to 2027. The rising demand for energy efficient buildings is estimated to propel the growth of the global translucent concrete market over the assessment tenure.
The translucent concrete comes with the ability to let light pass through it. It comprises of various optical elements like resins, glass rods, and optical fibers that comes with light-transmitting property for translucent concretes. Rapid urbanization coupled with increasing disposable income comprises important growth factors for the market. There has been a shift in the attitude of people as well. Propensity to spend on enhancing the aesthetics of buildings coupled and urge to conserve energy is spearheading expansion of the global translucent concrete market.
Raw material type, end use, application and region are the four parameters based on which the global translucent concrete market has been segmented for better understanding of the market.
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Global Translucent Concrete Market: Notable Developments
One of the developments that offer a glimpse of the global translucent concrete market is as mentioned below:
- In September 2019, Germany based leading producer of translucent concrete, LUCEM GmbH, has come up with translucent concrete panels that are resistant to weather and UV rays. In addition, these concrete panels are also resistant to flames and abrasions. Development of such products is likely to expand the scope of the market in years to come.
Some well-known organizations in the global translucent concrete market comprise the below-mentioned:
- LUCEM GmbH
- Pan-United Corporation Ltd
- Florack Bauunternehmung GmBH
- Glass Block Technology Limited
- Dupont Lightstone
- CRE Panel GmbH
Global Translucent Concrete Market: Key Trends
The following drivers, opportunities, and restraints characterize the global translucent concrete market over the review period, from 2019 to 2027.
Increasing Need for Energy Conservation to Provide Fillip to Market
Translucent concrete is used with building materials that have light-transmitting characteristics. Optical elements like optical fibers are integrated into the concrete that is used for constructing buildings and other structures. Translucent concrete mostly finds its use in the covering for the inner walls and as a ventilated façade substance. The combination comes with a 95% of diaphanous concrete used in the construction of the block and around 5% of the remaining is optical fibers. These optical fibers are utilized in the making of translucent concrete structure.
Translucent concrete absorbs less of energy because most of its light comes from the sun during the day. It offers radiated pavements and improves the aesthetics of the structures and buildings, which escalates adoption of the concrete all over the world. In addition, countries with poor availability of electricity offer ample scope of growth for the global translucent concrete market over the tenure of forecast. With an array of possible applications, researchers are investing time and money for the development of reasonably priced translucent concrete structure. This is likely to act as a growth factor for the global translucent concrete market in forthcoming years.
On the other hand, high cost associated with the construction of translucent concrete buildings and shortages of properly trained labor are estimated to hamper the growth of the market over the forecast tenure. In addition, there is not enough awareness in the market about the product, which hampers growth of the global translucent concrete market.
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Global Translucent Concrete Market: Geographical Analysis
To offer comprehensive view of the global translucent concrete market, TMR experts have split the market on the basis of regions. Latin America, Europe, Asia Pacific, the Middle East and Africa, and North America comprise the major regions of the market.
Europe is likely to take lead in the growth of the global translucent concrete market following utilization of a wide array of fiber-optic sensors in a variety of concrete structures in Europe. In addition, presence of a large number of leading market players in the region is further expected to boost the regional market. Asia Pacific is also estimated to exhibit substantial growth over the assessment period owing to high consumption of electrical energy in countries like China, Japan, and India. Rise in disposable income coupled with propensity to spend on beautification of buildings and structures are further expected to offer ample scope of growth for the market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.