Translucent Concrete Market Trends

Growth Drivers

• High adoption of sustainable construction practices - Sustainable construction helps in catering to the needs of the present coupled with the future without harnessing the environment. For that reason, sustainable construction options should be adopted very early in the process.
  The increasing application of advanced materials in the building and construction industry to reduce greenhouse gas emissions is bolstering the demand for viable materials such as high-performance translucent concrete which is an eco-friendly alternative to traditional concrete as it has a low density and low thermal conductivity.
• Rising investment in nanotechnology - The energy sector has been getting rapidly transformed due to the advancements in nanotechnology and its expansion is expected to change the way of energy consumption.
  Day by day nanotechnology is making energy production cost-effective. The rising rate of invention in the field of nanotechnology has led to the creation of affordable concrete products that use the property of nano-optics and address climate change through reduced power consumption and increased utilization of more natural light.
  As the application of translucent concrete may aid in lowering the global energy demand and result in a reduction in electricity bills benefitting health is another reason for the growth of the translucent concrete market.

Challenges

• Higher cost of translucent concrete - The cost of translucent concrete is high compared to traditional concrete due to the cost of optical fibers and the complex casting process involved.
  By embedding light-transmitting elements within the concrete matrix, the translucent concrete provides light transmission. This intricate process can adversely impact the strength of the structure. All-inclusive, the rise in the rate of complete construction owing to the use of translucent concrete is a major restraining factor for the market.
• Lack of Awareness About Advanced Materials
• Disruption in Supply-Chain