New York, Mar, 2021: Axiom Market Research & Consulting™ added a report on global Lightweight Aggregate Concrete market which includes study on type, application across various countries of key regions across the globe. The global Lightweight Aggregate Concrete market was projected to grow at a CAGR of 5.47% for the forecast period 2021 to 2027. The global market is estimated and forecasted in terms of revenue (USD Million) and volume (KT) generated by the Lightweight Aggregate Concrete market.
The factors such as increasing demand for non-traditional, sustainable, and economical concrete across the globe is propelling the growth of the market. Also, growing construction activities in emerging economies due to increasing population has led the demand for advanced infrastructure facilities thereby is fuelling the growth of economy as well as GDP. These key factors are likely to contribute to the healthy growth of the market during the forecast period.
The report analyses the global Lightweight Aggregate Concrete based on type, application and geography. The lightweight aggregate concrete is available in the market according to different types including all lightweight concrete and sand lightweight concrete. The lightweight aggregate concrete finds its major application in civil construction, industrial construction and infrastructure construction. The global Lightweight Aggregate Concrete market is studied across various key countries of regions such as, North America, Europe, Asia Pacific and Rest of the World.
All lightweight concrete type segment is expected to dominate in the Lightweight Aggregate Concrete market during the forecast period
The growth of the segment is due to its properties like low density, high strength, durability, thermal insulation, fire resistance. Besides the all lightweight concrete has major feature of fine and coarse aggregate further having low specific gravity. In addition factor like growing construction activities had led the demand for all lightweight concrete thereby fuelling lightweight aggregate concrete market.
In 2020, Civil construction application accounted for the major market share
Civil construction is projected to witness growth at the highest pace holding significant market share in the lightweight aggregate concrete market. The growing demand of lightweight concrete for in tall building frames, bridges structures, long span roof , thin shell construction and significantly used for different design effect in different and texture. Therefore the civil construction segment is expected to drive the demand of lightweight aggregate concrete market.
North America dominated Lightweight Aggregate Concrete market in 2020 and is expected to witness the fastest growth in upcoming years
North America is expected to witness the growth at highest pace during the forecast period. The increasing construction activities in the region is fuelling the demand for lightweight aggregate concrete market. U.S. followed by Canada is expected to propel the growth of market in the region. Besides presence of key players in U.S. and rising merger & acquisition, new product launches is further boosting the growth of country in the region for lightweight aggregate concrete market.
The key player in global Lightweight Aggregate Concrete market are Buzzi Unicem (Europe), Cemex (United States), CRH plc. (Europe), HeidelbergCement Group(Europe), LafargeHolcim Ltd(Europe), U.S. Concrete, Inc. (United States), Votorantim (South America), Martin Marietta Materials(United States), Summit Materials, Inc(United States), Vulcan Materials Company(United States), Rowen Concrete, Inc. (United States), Teichert(United States), Western Nevada Materials(United States), Italcementi(Europe) , Cimpor (Europe), China Resources Cement (China), Litagg Corporation (India) and SCG (Asia) among others.
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