Lightweight Aggregate Concrete Market Size Expected To Acquire USD 7.5 billion By 2030 At 6.80% Compound Annual Growth Rate

The latest market report published by Credence Research, Inc. "Global Lightweight Aggregate Concrete Market: Growth, Prospects, and Competitive Analysis, 2016 – 2030". The global lightweight aggregate concrete market generated revenue of around USD 4.7 billion in 2022 and is anticipated to grow a CAGR of over 6.80% during the forecast period from 2018 to 2030 to reach around USD 7.5 billion in 2030.

The global increase in construction activity is substantially impacting the lightweight aggregate concrete market. Due to its various advantages and qualities, lightweight aggregate concrete has constantly been seeing rising demand. The rising demand for homes and companies as a result of population growth is one of the main factors driving growth. Several government initiatives for improving infrastructure and smart cities are also boosting the global building sector. The industry is growing as architects, engineers, and builders become more aware of the benefits of using lightweight aggregate concrete. However, its brittleness and a drawn-out mixing process may constrain the market growth for lightweight aggregate concrete throughout the anticipated time period.

The global lightweight aggregate concrete market is bifurcated into material, density & strength, application, and geography. Based on material, the market is categorized into natural type (volcanic ciders, shales, slates, pumice, others), by products (heavy metal sludge, mining residues, palm shell, paper sludge, pet bottles, sewage sludge, steel slag, bottom ash, fly ash, marine clay and others). Based on density & strength, the global market is segmented into low density concrete, moderate density concrete and structural concrete. Based on application, the lightweight aggregate concrete market is categorized into civil, industrial and infrastructure. Based on geography, the lightweight aggregate concrete market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

In 2022, North America is expected to occupy the largest lightweight aggregate concrete market share in revenue and sales due to the fact that lightweight aggregate concrete has been used in North America for many years to build high-rise buildings and bridges in countries like the U.S. and Canada. The market is also growing as a result of the region's cutting-edge technological developments and infrastructure building programmes. The presence of key market players there is also aiding the industry's growth in North America.

Lightweight aggregate concrete (LWAC) is a type of concrete that uses lightweight aggregates as a key ingredient. LWAC offers several advantages over traditional concrete, including improved thermal insulation, fire resistance, sound absorption, and weight reduction. These properties are expected to fuel the demand for LWAC in construction applications, such as flooring, walls, ceilings, and roofs.

The Asia Pacific region is expected to be the largest market for LWAC, with a revenue share of 39.2% by 2025. The region is anticipated to witness rapid economic growth over the next eight years, which is expected to result in increased construction activity and LWAC consumption. China and India are projected to be the major contributors to regional market growth.

Why to Buy This Report-

·        The report provides a qualitative and quantitative analysis of the global lightweight aggregate concrete by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2018-2021, base year- 2022, and forecast period 2023-2030.

·        The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.

·        In-depth analysis of the global lightweight aggregate concrete segmentation based on material, density & strength, application, and regional integration.

·        The global lightweight aggregate concrete report also includes analyzing the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

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