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, 2022-2029”.
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.
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.
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.
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.
Key Players Assessment in this Research:
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in this market
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
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.
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.
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 has decided to increase the annual cement production capacity and its sales by maintaining a strong footprint in this market.
List of Key Players Covered in Foam Concrete Market Report:
Shanghai Construction Group
Luca Industries International
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