Foam Concrete: Asia Pacific Increasing Global Dominance
Bangalore, India: With its recently published study “Foam Concrete: Drivers, Opportunities, Trends & Forecasts: Up to 2022”, Infoholic forecasts that the global market for foam concrete will continue to increase owing to the increased exposure of application areas in the underdeveloped and developing countries. Foam concrete is a cement-based slurry with thermal insulation and eco-friendly properties to use as a construction material. It has been used majorly in infrastructure applications.
The increased usage of foam concrete in infrastructure will expand its market in both developed and developing countries with cost effective substitution of traditional concrete. Further, increasing market penetration in developing countries would also increase the market potential giving a boost to market growth expectations. This trend is expected to continue during the forecast period 2016–2022 to further increase foam concrete market at a CAGR of 4.4%.
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Residential area is contributing the most towards the foam concrete market in Asia pacific and is the largest segment in global demand. This trend is expected to continue during the forecast period as well. The residential segment is expected to grow at a CAGR of 4.5% during the forecast period 2016–2022.
Synthetic foaming agent is mostly used to prepare foam concrete due to its higher shelf-life and cheaper price. The protein foaming agent based foam concrete has a limited market when compared to synthetic foaming agent based foam concrete due to higher price and low shelf-life.
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“Foam concrete is a composition of cement, water, sand, fly ash, and foam. Foam concrete is categorized under aerated concrete market and its market growth can be related to the changes in disposable income and health parameters. It displays a good resistance to water and gives a prominent level of sound and thermal insulation at a low price. Growth in infrastructure and residential market along with increasing consumer awareness is expected to further increase this market in the coming years, especially in the developing regions where demand for concrete is high.” – Pooja Singh, Research Analyst.
Key insights of the report
- Global foam concrete market has been analyzed based on application areas
- Others (such as garden)
- The study constitutes a classification based on material
- Synthetic foaming agent
- Protein foaming agent
- Industry outlook: market trends and drivers, restraints, and opportunities