Global Light Transmitting Concrete Market Size and Growth 2021, CAGR Value, Top Players with Share and Revenues, Industry Trends, Business Strategies and Challenges till 2030

In a recent published report, Kenneth Research has updated the market report for Global Light Transmitting Concrete Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Light Transmitting Concrete Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

With over seven billion cubic meters produced every year, concrete is the most widely used material used in construction all over the world. Despite all of this popularity, the aesthetic values of concrete leave much to be desired. However, with the introduction of light transmitting concrete, the negative perception about the aesthetic reputation of concrete is fading away.

Light transmitting concrete consists of two materials: Concrete and optical glass fibres. They are used in the ratio of 24:1 by weight. Despite the seemingly low content of glass fibres in the final composition, light is led between the two sides of a given block. Due to the parallel position of the glass fibres, there is a visible display of shadows on the other side of the wall. Light transmitting concrete is also a great insulating material which makes it an excellent compromise for weather in extreme conditions.

End-user/Technology
Light transmitting concrete is used in the architectural construction sector both indoors and outdoors as decorative building elements. Since this type of concrete can’t be produced on construction site like traditional concrete, their production is slow and the concrete only comes in fixed sizes. Only a selected few companies use light-transmitting concrete and the process involves low use of technology.

Market Dynamics
Owing to its versatility, light-transmitting concrete has been gaining popularity in the developed nations. With an increase in the focus of green buildings in developed nations, demand for translucent concrete is increasing because of its ability to illuminate a room with natural sunlight. Their popularity is increasing in areas with extreme weather conditions due to their high insulating properties. Since they save both electricity and money while providing a beautiful finish, the possibilities for the future for the light-transmitting concrete is rather appealing.
On the other hand, light-transmitting concrete is costly because of the use of optical fibers. An extremely skilled workforce is required to cast these translucent concrete blocks. These factors are proving to be a hindrance to the growth of the light transmitting concrete market.

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Market Segmentation
The light-transmitting concrete market is segmented on the basis of the type of optical fibre used. They are: –
Multimode graded-index fibre
Multimode step-index fibre
Single-mode step-index fibre
Regional/Geographic Analysis
Light transmitting concrete is used in many parts of the world including the USA, Europe, and many Asian countries. Because of its use in increasing the aesthetic beauty of earlier dull objects, it is finding widespread use all over the globe.

Opportunities
The biggest hurdle in the growth of light-transmitting concrete is its high cost. Hence, light-transmitting concrete producing companies are trying to create more affordable translucent concrete products through licensing deals and large-scale production. Furthermore, light-transmitting concrete uses in the external world is increasing rapidly as shown by its use in traffic lights and other products. Hence the future is full of opportunities even after a slow start.

Key Players
Some of the key players in the market are Florak Bauunternehmung, LBM EFO, LiTraCon, and LUCEM.
Report ContentsRegional AnalysisReport Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

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North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market Dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

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