This study was performed to clarify the formation procedure of continuous voids in cellular concrete, and to examine the effect of a foaming agent on the manufacture of cellular concrete with continuous voids. By the experiments, it was determined that cellular concrete to be formed with continuous voids is influenced by temperature, viscosity and flowability of cement paste, and stability of air voids, and is formed in accordance with cohesion of air voids. It was also found that separate voids are formed at an added amount of air voids corresponding to 2 ％ or less of the amount of cement, whereas an antifoaming phenomenon occurs when the added amount of air voids exceeds 9 ％ of the amount of cement. In products with respective cement fineness of 3,000, 6,000, and 8,000㎠/g, a higher compressive strength was exhibited at a higher cement fineness. The continuous void ratio depending on a variation in fineness was 38 ％, 52 ％, and 22 ％ in those products, respectively. That is, a highest continuous void ratio was exhibited at a cement fineness of 6,000㎠/g. When the water-cement ratio was reduced from 45％ to 25％, the compressive strength of the cellular concrete was increased from 15 kgf/㎠ to 20 kgf/㎠ Thus, the reduction in water-cement ratio was effective in achieving an increase in strength without any variation in the specific gravity of the cellular concrete.