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Foam concrete is a very flexible, lightweight material for filling cellular concrete, created by combining a cement paste with a differently developed foam. The thickness of foam concrete is calculated by the slurry ratio and the spectrum of densities. Foam concrete, also known as Lightweight Cell Concrete consists entirely of a cement slurry or fly ash, water and sand in which some suppliers acclaim pure cement and water with the foaming agent for extremely lightweight mixes. In addition, this slurry is combined in a concrete mix design plant with an artificial aerated foam and is generated using a foaming agent, which is thoroughly combined with water or air from a compressor. Foam concrete is known to be a durable aerated concrete.
Foam concrete is commonly used in building materials due to its cheap price and suitable lining properties. In addition to this, foam concrete helps to minimize weight and construction costs, because it has a low density. These are among the big factors that are helping to see an incredible rise for the foam concrete market. However, there are also a range of small regional and multinational companies that compete on the global market. In reality, there are plenty of foam concrete resources around the globe. This is the product of a price war among market players that has confined the growth of the industry.
Based on type, the market for foam concrete is further segmented into synthetic foaming agent and protein foaming agents. Based on application, the market for foam concrete is further segmented into infrastructure, residential, industrial, garden, pavements and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Market Driver -
Increased applications in construction & infrastructure sector drives the market.
Key Market Restraint -
High competition between the key players confines the industry growth.
The global foam concrete market is fairly fragmented, with a number of global & regional players operating. Some of the key players in the foamconcrete market includes EUROCEMENT, LafargeHolicim, VOTORANTIM Group, Hochtief, STRABAG, Leighton Holdings, Bouygues, Bechtel Corporation, CEMEX, Shanghai Construction Group, Luca Industries International, Boral Concrete, Grupo ACS, CNBM and Vinci and others
In terms of Geography, the foamconcrete market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is predicted to see the highest growth in the market. The building industry has emerged as a significant customer for foam, which is anticipated to drive market growth because of its inherent foam concrete benefits and wide reach. Asia Pacific has a large market share. This increase is compounded by the development in these regions' residential and manufacturing industry coupled with rapid urban growth and increasing spending on infrastructure due to various policy proposals, and growing expendable cash. Due to persistent economic expansion because the investors spent massively, which helps the manufacturers to come up with unexpected results in modernizations that will shoot up the demand of the foam concrete market in European regions. Latin America is seeing possible growth owing to grоwіng gоvеrnmеnt іnіtіаtіvеѕ аnd rеgulаtіоnѕ. Middle east and Africa shows sluggish growth due to the presence of substitutes.
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