Lucintel’s latest market report analyzed that translucent concrete provides attractive opportunities in the residential & commercial construction and infrastructure sectors. The translucent concrete market is expected to grow at a CAGR of 25%-30%. In this market, facade & wall cladding is the largest segment by application, whereas residential & commercial construction are largest by end use.
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Based on application, the translucent concrete market is segmented into facade & wall cladding, and flooring. The facade & wall cladding segment accounted for the largest share of the market in 2020 as it offers natural light transmission saving electrical energy, weather-insensitiveness, durability, and high strength due to the presence of concrete as raw material.
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The translucent concrete market is marked by the presence of several big and small players. Some of the prominent players offering translucent concrete include Litracon, LUCEM, Dupont Lightstone, CRE Panel, LCT, Italcementi, Pan-United, Beton Broz, Glass Block Technology, and Florack Bauunternehmung.
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