Cellular Concrete Global Market Report 2024

The cellular concrete market has grown strongly in recent years. It will grow from $29.04 billion in 2023 to $31.21 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The expansion witnessed in the historical period is ascribed to a surge in the construction industry, increased emphasis on energy efficiency standards, infrastructure development initiatives, government regulations concerning construction materials, and a heightened demand for improved fire resistance as well as resilience against hurricanes and seismic activities.

The cellular concrete market is expected to see strong growth in the next few years. It will grow to $40.2 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated expansion in the forecast period is linked to factors such as the adoption of green building certifications, the implementation of renewable energy infrastructure projects, a dedicated focus on reducing carbon emissions, initiatives promoting smart city development, the construction of affordable housing, and the global increase in population. Key trends expected in the forecast period involve the integration of 3D printing technologies, the introduction of lightweight and high-strength variants, technological advancements in production processes, innovative approaches to mix designs, and an overarching emphasis on cost-efficiency.

The anticipated upswing in the cellular concrete market is directly tied to the growth of the construction industry. The construction sector, encompassing the commercial aspects of manufacturing and trade, involved in the creation, maintenance, and repair of infrastructures, is expected to propel the market forward. The lightweight nature of cellular concrete proves advantageous in effectively managing the weight of construction materials and facilitating lifting tasks, while the high density of its walls extends resistance to fire over an extended period. As evidenced by a report from the Office for National Statistics in March 2023, quarterly construction production experienced a 0.3% increase in the fourth quarter of 2022 compared to the third quarter of the same year. Following a record growth of 12.8% in 2021, the annual production of construction further rose by 5.6% in 2022 compared to the previous year. Consequently, the expanding construction industry serves as a driving force behind the growth of the cellular concrete market.

The heightened investments in infrastructure development are poised to fuel the growth of the cellular concrete market. Infrastructure development, involving the planning, designing, financing, construction, and maintenance of vital physical and organizational structures, is a key driver. Government investments in infrastructure projects, spanning bridges, tunnels, and transportation systems, are expected to significantly elevate the demand for cellular concrete due to its beneficial lightweight properties, particularly advantageous for large-scale construction initiatives. For instance, a report from the World Bank in April 2023 indicates a sustained recovery in infrastructure investments in low- and middle-income countries in 2022. Private participation in infrastructure (PPI) investments witnessed a substantial surge to $91.7 billion across 263 projects, marking a noteworthy 23% increase compared to the previous year. Consequently, the escalating investments in infrastructure development are anticipated to propel the growth of the cellular concrete market.

Product innovation stands out as a prominent trend gaining traction in the cellular concrete market, with major companies strategically focusing on developing inventive products to maintain their market positions. An example of this trend is evident in the actions of Bio Graphene Solutions (BGS), a Canada-based manufacturer and supplier of graphene sourced from non-graphite-based, organic, renewable resources. In January 2023, BGS introduced a graphene-enhanced admixture designed for the concrete market. This innovative admixture is capable of eliminating at least 15% of the cement content in concrete without compromising the overall compression strength performance of the concrete product. Notably, cement, a key binding component in concrete, contributes to over 8% of global CO2 emissions due to its environmentally hazardous manufacturing process. The graphene-enhanced admixture emerges as a unique product leveraging graphene's nanotechnology, offering significant cost and CO2 savings to potential customers while facilitating cement reduction.

Leading companies operating in the cellular concrete market are actively pursuing the development of technologically advanced products to fortify their market standing. One noteworthy example is ACC Limited, an India-based concrete producer, which introduced 'ACC AEROMaxX' in March 2023 in Delhi and Hyderabad. This product incorporates a specialized mineral foam-based insulating technology into the concrete mixture during production. ACC AEROMaxX, designed as a superlight concrete, provides durable roofing solutions with built-in insulation during construction. The distinct mineral insulation foam, incorporating a cementitious slurry, ensures optimal thermal insulation by generating well-distributed air bubbles. With low densities starting from 300 kg/m3 and above, ACC AEROMaxX emphasizes consistent low densities derived from ACC's robust research and development expertise. The product strikes a balance between thermal insulation and structural efficiency, minimizing deadweight while ensuring full fire resistance, longevity, and sustainability.

In November 2022, Foam Holdings Inc., a US-based manufacturer and distributor specializing in custom EPS, EPP, and ARCEL foam products, successfully acquired Amvic, Inc., and Concrete Block Insulating Systems, Inc. The strategic acquisition, conducted for an undisclosed amount, positions Foam Holdings to expand its product offerings and extend its reach across North America. Amvic, a Canada-based manufacturer, specializes in insulated concrete forms and radiant heat flooring insulation. Concurrently, Concrete Block Insulating Systems, Inc., based in the US, focuses on the production of EPS-preformed concrete block.

Major companies operating in the cellular concrete market report are Compagnie de Saint-Gobain S.A., Xella International GmbH, Cellucrete Corporation, Cematrix Corporation, Laston Italiana SpA, Aerix Industries Inc., ACICO Group, Cellular Concrete Technologies LLC, CellFill LLC, Pan Pacific Management Resources Pty. Ltd., CEMEX S.A.B. de C.V., Skystone Gypsum Company, Cell-Crete Corporation, GS Foam Concrete, AKG Gazbeton GmbH & Co. KG, Alamo Group Inc., Cementir Holding S.p.A., Cementos Mexicanos S.A.B. de C.V., Chryso SAS, Diemenier Beton- und Baustoffwerke GmbH & Co. KG, EcoCoc AG, Elematic Oyj, Expancel AB, Fosroc International Limited, GCP Applied Technologies Inc., Geopolymer Solutions Pty. Ltd., H+H International A/S, Hebel Australia Pty. Ltd., Holcim Group Support Ltd., LafargeHolcim SA, Litebuilt Structures LLC.

Asia-pacific was the largest region in the cellular concrete market in 2023. The regions covered in the cellular concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cellular concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories within the cellular concrete market include aerated concrete and foam concrete. Aerated concrete, a distinct type of concrete treated to significantly reduce density without compromising strength, is applied in the construction of walls, floors, and roofs. Cellular concrete exhibits high, medium, and low densities, making it versatile for applications in building materials, road sub-bases, concrete pipes, void filling, roof insulation, bridge abutments, and more. The end users of cellular concrete encompass residential buildings, commercial buildings, infrastructure, and other sectors.

The cellular concrete market research report provides cellular concrete market statistics, including cellular concrete industry global market size, regional shares, competitors with a cellular concrete market share, detailed cellular concrete market segments, market trends and opportunities, and any further data you may need to thrive in the cellular concrete industry. This cellular concrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The cellular concrete market consists of sales of cellular concrete products like blocks, wall panels, floor and roof panels, and lintels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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