According to Fortune Business Insights, The global foam concrete market size is projected to experience dynamic growth in the forthcoming years owing to the increasing number of residential complexes across the world, finds Fortune Business Insights™ in its report, titled “Foam Concrete Market, 2025-2032”.
The foam concrete is mainly used in the construction industry to build partition walls. This type of concrete is fire resistant and contains high thermal and acoustical insulating properties than conventional concrete. Hence, there is a rising demand for foam concrete from the construction sector due to the increasing number of residential and commercial buildings across the world. The foam concrete is used in numerous applications such as bridge approaches, trench backfill, insulation floor screeds, and others. Thus, the increasing usage of foam concrete in the construction and infrastructure industries has resulted in the growth of this market. Foam concrete is a very flexible, lightweight material for filling cellular concrete, created by combining a cement paste with a differently developed foam. The thickness of foam concrete is calculated by the slurry ratio and the spectrum of densities. Foam concrete, also known as Lightweight Cell Concrete consists entirely of a cement slurry or fly ash, water and sand in which some suppliers acclaim pure cement and water with the foaming agent for extremely lightweight mixes.
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List of Key Players Covered in Foam Concrete Market Report:
Eurocement
LafargeHolicim
Votorantim Group
Hochtief
Leighton Holdings
Bechtel Corporation
Cemex
Shanghai Construction Group
Luca Industries International
Boral Concrete
Grupo ACS
Market Segmentation:
On the basis of type, this market is classified into synthetic foaming agent and protein foaming agent. Based on application, the market is divided into infrastructure, residential, industrial, garden, pavements, and others. By geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Highlights/Summary:
The report provides an exhaustive assessment of each market segment and also offers an in-depth analysis of the market drivers, trends, opportunities, and hindrances. Furthermore, the report contains a granular examination of the regional developments impacting the market, along with a thorough evaluation of the top market players and their key strategies.
Drivers/Restraints:
Rising Expenditure on Infrastructure Activities to Fuel the Market
The governments in most of the countries are focusing on increasing expenditure on the infrastructural activities such as construction of roads, bridges, buildings, and others. This has resulted in the increasing demand for foam concrete across several regions, which has positively impacted the growth of this market. Further, the foam concrete is made with a simple production technique which is relatively cheap as compared to other types of concrete. Hence, there is a high demand for foam concrete in the industries such as infrastructure, and others, which has led to this market’s growth.
Foam concrete is commonly used in building materials due to its cheap price and suitable lining properties. In addition to this, foam concrete helps to minimize weight and construction costs, because it has a low density. These are among the big factors that are helping to see an incredible rise for the foam concrete market. However, there are also a range of small regional and multinational companies that compete on the global market. In reality, there are plenty of foam concrete resources around the globe.
Regional Insights:
Rising Demand for Foam Concrete from the Building Industry to Boost the North America Market Growth
North America region is anticipated to dominate in the foam concrete market share on account of the rising demand for foam concrete from the building industry.
Asia Pacific region is projected to grow rapidly in this market due to the rising number of residential and other buildings and the growing urban population in this region.
Europe is projected to grow at a decent pace in this market due to the increasing investments by the manufacturers in the real estate sector.
Competitive Landscape:
Increasing Investments by Key Players to Feed Competition
The prominent companies in the foam concrete market are concentrating on increasing their investments for the production of foam concrete in order to expand their business operations and strengthen their market position across several regions in this market.
Information Source: https://www.fortunebusinessinsights.com/foam-concrete-market-104191
Industry Development:
In June 2019, Holcim Philippine, a leading cement maker company, announced that it has accomplished its extension of processing plant in La Union, Philippines factory. The company finished the installation of the new grinding equipment and storage facilities in its plant in Bacnotan, La Unin to increase the annual cement production capacity and increase its sales by maintaining a strong footprint in the global market.