Global Lightweight Aggregate Concrete Market is expected to grow due to increasing demand in construction sector.

From GlobeNewswire: 2024-07-04 08:00:00

The Global Lightweight Aggregate Concrete Market size is set to grow from USD 4.90 billion in 2023 to USD 8.85 billion by 2033, with a 6.09% CAGR. Lightweight concrete with an expanding agent is extensively used in construction due to its exceptional qualities like compressive strength and durability. The rising demand for this material is expected to influence the construction market significantly.

In the global lightweight aggregate concrete market, the natural type segment is expected to have the largest share, with materials like pumice and volcanic cinders commonly used. The civil use segment is also anticipated to hold the greatest share due to the increase in construction projects and infrastructure development worldwide.

North America is projected to dominate the global lightweight aggregate concrete market, driven by expanding construction projects and government funding initiatives like the Smart Cities Initiative. Industry players like Holcim and Lafarge are incorporating technological advancements to boost market growth. Asia Pacific is expected to show rapid growth due to increased government infrastructure spending and foreign investment in the construction sector.

Key players in the global market include Cimpor, Cemex, SCG, and Lafarge. Recent developments include Votorantim Cimentos acquiring Cementos Balboa in Spain to enhance operational efficiencies and decarbonization strategies. The market targets not only investors and end-users but also government authorities and consulting firms interested in the construction industry.

The Global Lightweight Aggregate Concrete Market is segmented by material, application, and region to provide a comprehensive analysis, with forecasts extending to 2033. Other related reports cover industries such as Hydrogen Trucks, Sodium Bicarbonate, Copper Foil, and Aquafeed markets. Spherical Insights & Consulting offers market research tailored to support businesses in achieving their strategic objectives.



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