Market Analysis
The autoclaved aerated concrete market was valued at 7.2 billion in 2018 and is likely to grow at a 6.30% CAGR between 2019- 2025 states the recent Market Research Future (MRFR) analysis. Autoclaved aerated concrete or AAC is a precast, foam concrete building material that is lightweight and ideal for producing concrete masonry units such as blocks. It is mostly used in void filling, bridge substructure, roof insulation, road construction, building construction materials, and others in various infrastructure, industrial, commercial, and residential projects.
The global autoclaved aerated concrete market is being propelled by several factors. According to the current MRFR report, such factors include rising industrialization and urbanisation, expanding infrastructure, demand for an affordable building material solution, rising demand for lightweight construction materials, rising demand for low-cost houses, and a growing focus on soundproof and green buildings. Low market penetration and a growing focus on development projects that are more prone to earthquakes are also contributing to market growth.
Lack of awareness and high costs, on the other hand, could hamper the worldwide autoclaved aerated concrete market's growth over the forecast period. Furthermore, the ongoing COVID-19 epidemic has had an influence on the construction industry, which has reduced demand for autoclaved aerated concrete and associated raw materials, limiting market growth.
Market Segmentation
The MRFR report provides an inclusive segmental analysis of the global autoclaved aerated concrete market based on end use, size, application, and product type.
Tile, cladding panel, wall panel, floor and roof panel, lintel, block, and others make up the global autoclaved aerated concrete market by product type. Over the forecast period, the blocks segment will lead the market.
By size, the global autoclaved aerated concrete market is segmented into large, medium, and size. Of these, the large size will dominate the market over the forecast period.
The global autoclaved aerated concrete market is divided into void filling, bridge substructure, roof insulation, road construction, building construction materials, and others, based on application. Over the projection period, the building construction material segment will hold the largest share of the market.
The global autoclaved aerated concrete market is divided into infrastructural, industrial, commercial, and residential segments based on end use. Over the predicted period, the commercial segment will have the highest share.
Regional Analysis
The global autoclaved aerated concrete market study, segmented by geography, examines potential possibilities and current trends in Asia Pacific (APAC), North America, Europe, and the Middle East and Africa (MEA). Over the projection period, Europe will be the market leader. Increased use as a building material, a thriving construction industry, demand in the commercial sector, and various legislative incentives are all contributing to the region's worldwide autoclaved aerated concrete market growth. Autoclaved aerated concrete is mostly manufactured in the United Kingdom, Poland, and Germany.
Over the projected period, the worldwide autoclaved aerated concrete market in the APAC region is expected to rise rapidly. Rapid urbanisation in India and China, a developing construction industry, and the presence of major producers are all contributing to the region's rise in the worldwide autoclaved aerated concrete market. Furthermore, technical advancements in the building and construction sector, as well as demand for green building and cost-effective materials, are all contributing to market expansion.
The global autoclaved aerated concrete suppliers usa in North America is expected to develop steadily throughout the forecast period, while the market in the Middle East and Africa is expected to rise steadily.
Key Players
Leading players profiled in the global autoclaved aerated concrete market report include AERCON AAC (US), JK Lakshmi Cement Ltd. (India), Broco Industries (Indonesia), Biltech Building Elements Limited (India), Aircrete Europe B.V. (Netherlands), Xella Group (Germany), AERCON AAC (India), Masa Group (Germany), ACICO Industries (Kuwait), and Wehrhahn GmbH (Germany).
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