Los Angeles, December 26, 2019 - QY Research recently published a research report titled, “Global Lightweight Aggregate Concrete Market Professional Survey Report 2019”. The global lightweight aggregate concrete market was valued at US$6944.24 mn in 2018 and is expected to reach US$8523.74 mn by the end of 2025, rising at a CAGR of 2.94% during 2019-2025.
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Augmenting Demand for Lightweight Concrete Products to Boost Market
Rapid expansion of infrastructure industry is creating various opportunities for the lightweight aggregate concrete. It is increasingly being utilized in the making of lightweight concrete products like structural concrete, concrete blocks, pavements, and others. This material is popular for properties such as fire resistance, excellent compressive strength, durability, compressibility and possibility of cutting, nailing, drilling, and shaping with ordinary wood working tools. Furthermore, it is also available in a wide range of densities from 50 kg/m3 to 1000 kg/m.
However, brittleness, sensitivity to water content, and longer mixing time are some of the factors which might hamper the lightweight aggregate concrete market.
Infrastructure segment to Become Largest Driver of Market in Forecast Years
Infrastructure segment is expected to be the major driver of the market as the governments are increasingly investing in its development. Growing number of projects for bridges, buildings, and residential and commercial complexes are expected to drive the growth the uptake of lightweight aggregate concrete in the infrastructure industry.
Asia Pacific to Become Fastest-growing Regional Market
Heavy investments from governments in developing economies of India and China to support urbanization and industrialization are expected to boost the regional market.
Manufacturers to Focus on New Concrete Units to Increase Supply
Boral recently established a West Melbourne plant, a fully operational unit which will continuously supply Melbourne’s infrastructure. This unit will replace the former North Melbourne plant that was closed to make way for the new Melbourne Metro rail project. At full capacity, the plant can supply three concrete agitator trucks every three minutes and host 35 trucks on-site at any given time with security of supply of up to 2000m3 a day. It has ability to store 4000 tonnes of sand and aggregates across 16 bins and 1000 tonnes of cementitious materials.
The major players in the global lightweight aggregate concrete market includes CRH PLC, SEFA Group, Boral Limited, Huaxin Cement, LafargeHolcim, Salt River Materials Group, Cemex, Buzzi Unicem, Cimpor, Titan America LLC, HeidelbergCement Group, Votorantim Cimentos, Charah Solutions, and others.
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