Light-Emitting Cement Market Size (2024 – 2030)

As of 2023, the Light-Emitting Cement Market recorded a valuation of USD 2.63 billion, with projections indicating a market size surge to USD 40.10 billion by 2030. Demonstrating a compound annual growth rate (CAGR) of 47.6% over the forecast period spanning 2024 to 2030, this growth trajectory is primarily underpinned by the increasing adoption of environmentally sustainable and energy-efficient construction materials, particularly evident in developed economies.

INDUSTRY OVERVIEW

Within the building and construction sector, translucent concrete, or light-transmitting concrete, serves as a foundational material capable of light transmission. Achieving this attribute involves the uniform dispersion of optical fibers throughout the concrete matrix. Also referred to as transparent concrete, this variant substitutes conventional aggregate materials with transparent alternatives, with approximately 4 to 5% of optical fibers integrated into the concrete mix. Beyond enhancing the visual aesthetics of structures, light-transmitting concrete offers environmental advantages.

Anticipated to bolster the trend toward energy-efficient buildings in North America, particularly in the United States, is the emergence of a novel material known as light-emitting cement. Consequently, translucent concrete finds application in various innovative construction projects, thereby stimulating market growth in the United States. Furthermore, heightened research and development endeavors within the concrete domain are poised to enhance the overall quality, luminosity, and economic value of construction projects, thus fostering market expansion. The proliferation of transparent concrete as a light-emitting medium for wall cladding, roofing, flooring, and other applications is expected to propel market growth.

Available in diverse shapes and sizes, precast transparent concrete materials facilitate the construction of walls and roofs boasting light-emitting properties, reaching several meters in height. Moreover, this product serves as a viable façade material across various structures and architectural landmarks, including partition walls, panels, and doors. Despite its utility in large-scale projects, certain limitations exist. Notably, the high cost associated with optical fibers as raw materials contributes to the elevated production expenses of light-emitting concrete. Additionally, the intricate process of infusing optical fibers into the concrete matrix demands a high level of expertise, thereby constraining market expansion.

IMPACT OF COVID-19 ON THE LIGHT-EMITTING CEMENT MARKET

The COVID-19 pandemic exerted adverse effects on numerous sectors, including the market for transparent concrete, particularly during the initial two quarters of 2020. Stringent governmental measures, encompassing lockdowns and travel restrictions, disrupted manufacturing operations, precipitating supply chain disruptions, labor shortages, and raw material scarcities. Consequently, production activities related to transparent concrete were temporarily halted. Furthermore, the closure of industries led to a decline in consumer demand, thereby impeding the usage of translucent concrete in construction projects.

MARKET DRIVERS:

The burgeoning utilization across various end-user segments fuels market expansion.

Notably, the adoption of light-emitting concrete in subway roofs, where daylight powers the illumination system, contributes to market growth. Moreover, the aesthetic demands of construction projects, met by the increased integration of translucent concrete in flooring applications, including commercial properties, apartment complexes, and restaurant floors, serve as key growth drivers. The unique properties of light-emitting concrete render it favorable across diverse industries, thereby stimulating market demand. Factors such as escalating urbanization, rising consumer purchasing power, increasing demand for visually appealing structures, and the imperative for energy conservation drive the growing demand for transparent concrete.

Governmental focus, coupled with enhanced research and development activities, positively influences market development.

The period from 2023 to 2030 is expected to yield lucrative opportunities owing to intensified research endeavors aimed at augmenting the luminosity, quality, and economic value of concrete materials. Additionally, governments' emphasis on enhancing the aesthetic appeal of buildings to attract visitors, coupled with their inclination towards environmentally friendly construction materials, are poised to sustain market growth.

MARKET RESTRAINTS:

The necessity for expertise in light-emitting concrete manufacturing poses a constraint on market growth.

The intricate process of infusing optical fibers into the concrete composition necessitates specialized knowledge, thereby impeding the market's expansion pace.

High investments requisite for transparent concrete construction represent a hindrance to market growth.

Given the elevated costs associated with transparent concrete compared to conventional building materials, the financial outlay required for constructing structures utilizing this material serves as a deterrent to market expansion.

LIGHT-EMITTING CEMENT MARKET – BY RAW MATERIAL:

• Cementitious Mixtures
• Synthetic Fibers

The light-emitting cement market is categorized into Cementitious Mixtures and Synthetic Fibers based on raw materials. In 2021, Cementitious Mixtures dominated, contributing more than 80.0% of the total revenue. Approximately 94 to 96% of this blend comprises finely crafted concrete, composed of cement and sand aggregates, ensuring uniform light dispersion across surfaces.

The produced concrete finds utility in construction, facilitating the transmission of both natural and artificial light, thus promoting energy conservation during daylight hours. Fast-setting cement facilitates the creation of pre-cast concrete, subsequently fashioned into panels and blocks, customized through polishing and tinting, and readied for various applications.

LIGHT-EMITTING CEMENT MARKET - BY END-USER:

• Residential Sector
• Non-residential Sector

End-user segmentation comprises Residential and Non-residential sectors. Non-residential applications, such as corporate offices, architectural landmarks, and museums, dominated the market in 2021, generating over 75.0% of global revenue. Light-emitting concrete exhibits substantial growth prospects, particularly with the anticipated implementation of smart lane separators globally to enhance traffic safety. Notably, the market has contributed significantly to renewable energy initiatives, exemplified by the integration of light-emitting concrete in China's solar highways.

Commercial utilization spans various domains, including signage, décor, and infrastructure. For instance, PanUnited Corporation Ltd. showcased a luminous arc bench during the Singapore Night Festival in 2018, epitomizing the material's versatile applications.

LIGHT-EMITTING CEMENT MARKET - BY APPLICATION:

• Wall Cladding
• Roofing
• Flooring
• Others

Application segmentation includes Wall Cladding, Roofing, Flooring, and Others. Wall Cladding, favored for interior illumination and aesthetic appeal, dominated the market in 2021, accounting for over 65.0% of global revenue. Anticipated expansion in the roofing segment from 2023 to 2030 is attributed to increased demand in residential and commercial construction, driven by aesthetic and energy-efficient considerations.

Similarly, the flooring segment is poised for rapid growth, projected to increase by 50.4% from 2022 to 2030, owing to its lightweight, durable nature compared to conventional concrete. Light-emitting concrete finds application in various architectural elements, including stairs, panels, and doors, augmenting interior design aesthetics.

LIGHT-EMITTING CEMENT MARKET - BY REGION:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa

Regional analysis encompasses North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe led the market in 2021, contributing over 30.0% of global revenue, driven by a conducive environment for green construction materials. North America is poised for significant growth, buoyed by increasing demand in non-residential sectors and shifting consumer preferences towards eco-friendly interior lighting solutions.

Furthermore, the Asia Pacific, Middle East, and Africa are anticipated to witness substantial growth, attributed to the burgeoning use of light-emitting concrete in architectural facades to enhance visual appeal.

LIGHT-EMITTING CEMENT MARKET - BY COMPANIES

Key players 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 EVENTS IN THE LIGHT-EMITTING CEMENT MARKET

PRODUCT LAUNCH: In September 2019, LUCEM GmbH introduced translucent concrete panels featuring advanced characteristics such as weather and UV resistance, abrasion resistance, and fire resistance.