Light-Emitting Cement Market Size (2024 – 2030)

In 2023, the Global Light-emitting Cement Market was valued at USD 2.63 billion and is projected to reach a market size of USD 40.10 billion by 2030. Over the forecast period of 2024-2030, the market is projected to grow at a CAGR of 47.6%.Over the course of the projected period, the market expansion is anticipated to be supported by the quickly expanding usage of environmentally friendly and energy-efficient construction materials, particularly in developed nations.

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INDUSTRY OVERVIEW

The building and construction industry uses translucent concrete, also known as light-transmitting concrete, as a foundation material. It can transmit light. By evenly distributing optical fibers throughout the concrete body, this characteristic is achieved. Transparent concrete is another name for concrete that transmits light. It is made by substituting transparent substitute materials for the concrete's granules. 4 to 5 % of optical fibers are added to the concrete mixture to create it. A building's aesthetics are improved by concrete that transmits light. Additionally, it is environmentally beneficial.

A new substance, light emitting cement, is anticipated to boost the expanding trend of energy-efficient buildings in North America, particularly in the United States. As a result, translucent concrete is being used in several cutting-edge construction projects, which should support market expansion in the United States. It is anticipated that increased research and development in concrete will benefit the building industry as a whole by enhancing the general quality, lighting, and economic value of construction. The market is predicted to expand due to the growing use of transparent concrete as a light-emitting source in wall cladding, roofing, flooring, and other applications.

Precast transparent concrete materials come in a variety of shapes and sizes, making it possible to build walls and roofs that are several meters high and have light-emitting characteristics. The product may also be utilized as a façade material in a variety of structures and architectural landmarks such as partition walls, panels, doors, and other things. The material may be used in massive projects, however there are a few restrictions. Since optical fibers are reportedly expensive as raw materials, light-emitting concrete is more expensive to produce than regular concrete. Additionally, the infusion of optical fibers into the concrete material requires a high degree of skill, which is likely to limit market expansion.

COVD-19 IMPACT ON THE LIGHT-EMITTING CEMENT MARKET

Particularly in the first two quarters of 2020, the COVID-19 pandemic had a negative impact on several sectors. The market for transparent concrete is also affected negatively. The majority of the nation's governments enacted several strict laws, including lockdowns, travel restrictions, shutting down educational institutions, and many more, to stop the virus's spread. The World Health Organization (WHO) has declared this virus to be pandemic and has issued some safety precautions.

The manufacturing sectors had several problems as a result of the lockdowns, including supply chain disruptions, a labor shortage, and a scarcity of raw materials, which caused the production of transparent concrete to cease. Additionally, these industries are closed for a short period, which lowers consumer demand. In this sense, chemical and material goods have an impact on the epidemic. Additionally, because of the shutdown, there is less translucent concrete used during construction.

MARKET DRIVERS: 

• Increased Utilization Across End Users is propelling the market growth

The market for light-emitting concrete is expanding because it is frequently used for subway roofs, where energy is used to power the lighting system of the subway during the day. Additionally, the growing demand for translucent concrete is being driven by the aesthetic demands of construction, which are being satisfied by the increased use of translucent concrete in flooring applications such as commercial properties, apartment complexes, restaurant floorings, railway floorings, walkways or walking tracks in gardens, and staircases. Light emitting concrete is preferred in a variety of applications across industries due to its special qualities, which is what drives market demand. Transparent concrete is increasingly in demand due to factors such as rising urbanization, rising consumer buying power, rising demand for attractive and aesthetically acceptable structures, and rising need for energy saving.

• Increasing government focus, adoption, and research and development is positively influencing the market development

Additionally, the market participants would benefit from lucrative chances during the forecast period of 2023 - 2030 because of the escalating research and development in concrete material to enhance the overall lighting, quality, and economic value of the building. In addition, governments' increased emphasis on improving buildings' aesthetic appeal to draw in more visitors and their use of ecologically friendly construction materials will both contribute to the market's continued expansion in the future.

MARKET RESTRAINTS:

• The requirement for Expertise in the manufacturing of the light emitting concrete is likely to hamper the market growth

A drawback of the market for light-emitting concrete is the high degree of knowledge needed for the infusion of optical fibers into the concrete composition. Consequently, this will slow the market's rate of expansion for light-emitting concrete.

• High Investments require likely to hinder the growth

Buildings made of transparent concrete require sizable expenditures since the material is more expensive than the building itself, which restrains market expansion.

LIGHT-EMITTING CEMENT MARKET REPORT COVERAGE:

Segmentation Analysis

LIGHT-EMITTING CEMENT MARKET – BY RAW MATERIAL:

• Concrete

• Fibers

Based on the raw material, the light emitting cement market is segmented into Concrete and Fiber. In 2021, the concrete industry dominated the market and generated more than 80.0 % of total revenue. For uniform dispersion of light from one side to the surface, fine concrete made of cement and sand aggregates makes up around 94 to 96 % of the whole combination.

The concrete that is created is employed as a construction material that easily transmits both natural and artificial light, aiding in the daytime saving of electricity. Fast-setting cement is used to create pre-cast concrete, which is then cut into panels and blocks, polished, and tinted as needed before being shipped for usage.

LIGHT-EMITTING CEMENT MARKET - BY END-USER:

• Residential

• Non-residential

Based on the end user, the light emitting cement market is segmented into Residential and Non-residential. Due to the material's application in sizable commercial structures such as corporate headquarters, architectural buildings, and museums, the non-residential sector dominated the market and generated more than 75.0 % of worldwide revenue in 2021. Additionally, light emitting concrete has a significant development potential since smart lane separators are anticipated to be implemented in various regions of the world in the future for increased traffic safety. The market has made significant contributions to the renewable energy industry. A two-kilometer section of China's solar highway was officially opened in 2018 along the Jinan Expressway in the Shandong province. Instead of using ordinary concrete, the road built with embedded solar cells was coated with a layer of light-emitting concrete to generate power for induction charging of the electric vehicles.

Other commercial applications for light-emitting concrete include logos, designs, furniture, electrical components like drive mounts, and subways, which call for design floors and light-emitting sources. For instance, as an alternative to a conventional bench, the producer of light emitting concrete PanUnited Corporation Ltd. displayed their luminous arc bench during the Singapore Night Festival in 2018. Over the projected period, revenue is anticipated to increase at the quickest pace of 48.4 % in the residential category. Due to the presence of optical fibers generating light from various angles, concrete used in domestic floors, pavements, partition walls, and other materials that seem normal during the daytime reveal light and sparkle in various hues after sunset.

LIGHT-EMITTING CEMENT MARKET - BY APPLICATION:

• Wall Cladding

• Roofing

• Flooring

• Others

Based on the application, the light emitting cement market is segmented into Wall Cladding, Roofing, Flooring and Others. Due to a wider range of applications, such as corporate buildings, architectural landmarks, and residential interiors, the wall cladding segment dominated the market and accounted for over 65.0 % of the worldwide revenue in 2021. This wall covering is frequently used as an interior wall that emits natural light during the day and artificial illumination at night. From 2023 - 2030, the roofing market is anticipated to experience considerable expansion. The increase in demand for the product in residential and commercial structures is responsible for the segment's expansion. When used as a roofing panel, the product adds aesthetic appeal and energy-efficient illumination to the interior of homes, workplaces, and other buildings.

From 2022 to 2030, the flooring market is predicted to increase at a pace of 50.4 %, which can be ascribed to the product's attractive and attractive qualities, such as its lightweight and durability when compared to the conventional concrete used in flooring. The product is also used to create pavements that illuminate the appropriate area throughout the day to enhance the elegance of the interior. The creation of stairs, welcome desks, panels, doors, light covers, and other items is another use for light emitting or light-emitting concrete. Manufacturers are now investing much in research and development to create light-emitting concrete that is more affordable and can be utilized as a sustainable substitute for conventional concrete in major residential and non-residential projects.

LIGHT-EMITTING CEMENT MARKET - BY REGION:

• North America

• Europe

• The Asia Pacific

• Latin America

• The Middle East

• Africa

By region, the Light-emitting Cement Market is grouped into North America, Europe, Asia Pacific, Latin America, The Middle East and Africa. Due to the existence of several light-emitting manufacturing businesses in the area, Europe led the market and contributed over 30.0 % of worldwide revenue in 2021. The area is anticipated to have strong product demand throughout the projected period as a consequence of several initiatives supporting green construction materials.

The requirement for sustainable and energy-efficient alternatives controls product demand in Europe, and this trend is anticipated to persist during the projected period. Additionally, the major product production businesses are concentrated in the area, which streamlines the product distribution there and is anticipated to have a beneficial effect on market growth.

Over the course of the projected period, the North American market is anticipated to expand significantly. An increase in product demand, particularly in the non-residential end-use category, is to blame for this. Additionally helping the sector expand are changing lifestyles and the demand for eco-friendly lighting for home interior décor.

Due to the growing use of light-emitting concrete as façades for residential and non-residential buildings to improve visual appeal, the demand for it is predicted to rise significantly during the projected period in the Asia Pacific, the Middle East, and Africa. 

LIGHT-EMITTING CEMENT MARKET - BY COMPANIES

Some of the major players operating in the Light-emitting Cement Market include:

1. LUCEM GMBH

2. CRE PANEL GMBH

3. LCT GESMBH

4. FAPINEX LLC

5. JOSEF LOACKER GMBH

6. LUCCON LICHTBETON GMBH

7. GRAVELLI

8. LITRACON BT

9. PAN-UNITED CORPORATION LTD.

10. BETON BROZ (DITON S.R.O)

11. GLASS BLOCK TECHNOLOGY LIMITED

12. FLORACK BAUUNTERNEHMUNG GMBH

NOTABLE HAPPENING IN THE LIGHT-EMITTING CEMENT MARKET

• PRODUCT LAUNCH- Translucent concrete panels with the newest characteristics, such as weather- and UV-resistant, abrasion- and fire-resistant, were released in September 2019 by one of the leading businesses, LUCEM GmbH.