Lightweight Aggregate Concrete Market : rising demand from construction activities globally is widening the scope for Lightweight Aggregate Concrete market

 Increasing demand from the construction industry particularly from civil construction and infrastructure development activities to accommodate the needs of rising population worldwide are key factors contributing to a high CAGR of the Lightweight Aggregate Concretes market during the forecast period.

Lightweight Aggregate Concrete Market Size – USD 4.5 Billion in 2021, Growth - CAGR of 6.62%, Trends – rising demand from construction activities globally is widening the scope for Lightweight Aggregate Concrete market

According to the current analysis of Reports and Data, the global Lightweight Aggregate Concrete Market was valued at USD 4.5 Billion in 2021 and is expected to reach USD 7,920.84 Million by the year 2030, at a CAGR of 5.10 percent. Lightweight concrete is a mixture of lightweight coarse aggregate, and a portion or entire fine aggregates which may be lightweight than normal aggregates. The development and production of new types of artificial Lightweight aggregate made it possible to introduce lightweight aggregate concrete of high strength.

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Top Companies: Cimentos de Portugal, SGPS, S.A. (CIMPOR), Cemex, LafargeHolcim Ltd, CRH plc, Italcementi, China Resources Cement, Votorantim, U.S. Concrete, Inc., Buzzi Unicem, and HeidelbergCement Group among others

Further Key Finding from the Report Suggestion:

·         As of 2018, natural materials segment is the leading segment of the global Lightweight Aggregate Concrete This segment is projected to register the fastest growth with the highest CAGR during the forecast period

·         The sintered fly ash by-product material segment has shown the highest growth trend in 2018 and is expected to maintain the position during the forecast period

·         The low density concrete segment of Lightweight Aggregate Concrete accounted for the most significant market share in 2018. It is projected to maintain its lead with a significant CAGR during the forecast period. The growth is mainly due to features such as low unit weight and high heat insulation values

·         The civil construction application segment is the highest and fastest-growing segment, registering a significant CAGR followed by the infrastructure segment which held the second position in the Lightweight Aggregate Concrete market

·         The Asia-Pacific region accounted for the most significant market share in 2018. This region is proposed to remain the dominant regional segment during 2019-2026. The region is led by India, China, Japan and South Korea, which are projected to drive the global Lightweight Aggregate Concrete market

Market Overview:

Consumers are placing a higher importance on sustainability and, as a result, are choosing items based on factors like circularity and carbon footprint. Furthermore, consumer concern about carbon emissions has prompted increased investment in renewable energy, energy efficiency, and transportation decarbonization. These developments have had considerable impact on chemical end sectors, particularly in the automobile and construction industries. COVID-19 has exacerbated the situation by lowering the automobile and construction industries (as well as many others) and disrupting current supply lines.

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The global Lightweight Aggregate Concrete Market is segmented into:

Material Type (Revenue, USD Million; Volume in Kilo Tons, 2019–2030)

·         Natural Materials

o    Volcanic Ciders

o    Shales

o    Slates

o    Pumice

o    Others

·         By-Products

·          

o    Sintered Fly Ash

o    Iron Blast Furnace Slag

o    Others

Air Dry Unit Weight (Revenue, USD Million; Volume in Kilo Tons, 2019–2030)

·         Low Density Concrete

·         Moderate Strength Concrete

·         Structural Concrete

Application (Revenue, USD Million; Volume in Kilo Tons, 2019–2030)

·         Civil Construction

o    Residential

o    Commercial Buildings

o    Bungalows

·         Industrial Construction

·         Infrastructure Construction

o    Roads

o    Bridges

o    Museums

o    Multiplexes

o    Shopping Malls

·         Car Parking

Regional Outlook:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Questions Addressed in the Report:

  • What are the dominating factors that are influencing the growth of the industry?
  • In the forecast period, which market segment is expected to rise the most?
  • What are the risks and challenges that the industry is facing?
  • In the coming years, which area is projected to dominate the market?
  • Who are the major players in the market?
  • What kind of strategic business plans have they made?

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