It is involved in implementing business strategies such as new product development and agreement to increase its market share around the globe. The company provides a variety of translucent concrete products for various applications. The products manufactured by the company have sustainability and aesthetic properties. LUCEM GmbH is a leading manufacturer of translucent concrete products. LUCEM GmbH (Germany), is one of the prime manufacturers of translucent concrete in the Europe region. The study includes an in-depth competitive analysis of these key players in the translucent concrete market, with their company profiles, recent developments, and key market strategies. The translucent concrete market comprises major solution providers, such Litracon Ltd (Hungary), LUCEM GmbH (Germany), Dupont Lightstone (Denmark), CRE Panel GmbH (Austria), LCT GesmbH (Austria), Italcementi SpA (Italy), Pan-United Corporation Ltd (Singapore), Beton Broz (Czech Republic), Glass block technology limited (UK), and Florack Bauunternehmung GmBH (Germany). This is expected to boost the market for translucent concrete in Saudi Arabia. The focus of the government is continuously shifting toward new avenues, such as residential and commercial construction, to reduce the country’s dependence on the oil & gas sector. This positive growth in the construction & infrastructure industry would drive the demand for translucent concrete in the region. The construction sector in the MEA region is going through a phenomenal growth phase, with strong government support and massive ongoing projects. Translucent concrete has been used to enhance aesthetical looks of mosque and wall of a bank in this region. The MEA is the promising region for translucent concrete. MEA to hold the largest market share in the translucent concrete market. The growing urbanization, the increasing spending power, demand for aesthetical and decorative buildings, and need for energy conservation has increased the market for translucent concretes. It consists of optical elements such as optical fibers, glass rods, and resins that offer the light-transmitting property to the translucent concretes. The translucent concrete has the ability to pass light through it. The growing urbanization has led to increased demand for construction activities. The translucent concrete is used mainly in construction & infrastructure industry. ![]() The translucent concrete finds major applications in end-use industries, namely construction & infrastructure, furniture, and ornament. Construction & infrastructure industry is expected to be the fastest-growing end-use industry for the translucent concrete market. It also provides high strength due to the presence of concrete as raw material. It is also weather weather-insensitive and hence, offers durability. The translucent concrete, when used in façade & wall cladding, offers natural light transmission and saves electrical energy. The largest application of translucent concrete is façade & wall cladding. The major applications of translucent concrete are facades & wall cladding and flooring, among others. The façade and wall cladding application is expected to account for a major share of the translucent concrete market, in terms of value and volume, during the forecast period. The high volume of concrete is needed to attain high strength of translucent concrete products. The volume consumption of concrete is dominant in the translucent concrete market, and optical elements are required in a smaller volume. ![]() However, even when used in smaller quantity, these elements have a high ability to efficiently transmitting the light from one end to another. Also, the optical elements are costlier raw materials required in the construction of translucent concrete products. ![]() The optical element, however, is the key raw material used in the manufacturing of translucent concretes without which the main characteristic of transparency is not achieved. The concrete material, when used offers strength to the final product. The translucent concrete is made of two main types of raw materials, namely-concrete, and optical elements. The concrete in the raw material segment is expected to account for a major share of the translucent concrete market, in terms of volume, during the forecast period ![]() It also has excellent aesthetical properties and can also be used in interior applications of commercial and residential buildings. The translucent concrete, when used as a building material, allows easy transmission of sunlight light through it and thus helps in conservation of electric energy in the daytime. The translucent concrete industry is growing due to the rising awareness towards the use of environmentally friendly construction materials and need for aesthetical products for construction. The translucent concrete market size is projected to grow from USD 875 thousand in 2019 to USD 16,534 thousand by 2024, at a CAGR of 80% between 20.
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