Autoclaved Aerated Concrete (AAC) Market is segmented by Product Type (Blocks, Cladding Panels, Beams & Lintels, Wall Panels, Roof Panels, Floor Panels, and Others), by Application Type (Residential and Non-Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Autoclaved Aerated Concrete (AAC) Market is segmented by Product Type...
The Autoclaved Aerated Concrete (AAC) Market is expected to grow from USD 19.02 billion in 2022 to USD 26.68billion by 2028 at a CAGR of 5.70% during the forecast period.
Autoclaved aerated concrete is a ready-to-use lightweight foam concrete that can be used to create blocks that look like concrete masonry units (CMUs). Cement, lime, calcined gypsum, quartz sand, aluminum powder, and water are the primary components. AAC is cured in an autoclave under high heat and pressure. This type of concrete can be used both inside and outside. They can be painted and coated simultaneously to add structure while also being fire-resistant, mold-resistant, and insulating.
Market Dynamics
The growing emphasis on infrastructure development in developing countries is a key factor driving the growth of the autoclaved aerated concrete (AAC) market. Autoclaved aerated concrete products have excellent thermal and acoustic insulation properties, are lightweight, and have improved workability and durability. AAC products are also less expensive, greener, and more fire-resistant than traditional building materials such as concrete, brick, and stone.
Segments Analysis
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories-
By Product Type
Blocks
Cladding Panels
Beams & Lintels
Wall Panels
Roof Panels
Floor Panels
Others
By ApplicationType
Residential
Non-Residential
By Region
North America
Europe
Asia-Pacific
Rest of the World
By Product Type
The autoclaved aerated concrete (AAC) market is segmented into blocks, cladding panels, beams & lintels, wall panels, roof panels, floor panels, and others. Blocks are expected to remain the largest and fastest-growing product type in the market during the forecast period. AAC blocks contribute to a 20% reduction in construction time as well as a significant reduction in wall joints. Furthermore, because only 5% of the blocks are cracked, lighter AAC blocks allow for faster construction and easier installation, as well as higher utilization. These blocks provide excellent thermal insulation, which helps to reduce HVAC costs. AAC blocks also provide improved acoustic insulation, making them an excellent choice for soundproofing hospitals, schools, hotels, multifamily housing, workplaces, and other structures.
By Application Type
The market is segmented as residential and non-residential. Residential is expected to remain the dominant as well as the faster-growing application type in the market during the forecast period. Non-residential buildings such as offices and coworking spaces must be built faster due to the rapid growth of large, medium, and small businesses, particularly in developing countries. Furthermore, an increase in domestic and international infrastructure development projects is expected to fuel the growth of the segment in the coming years.
Regional Analysis
Asia-Pacific is expected to remain the largest market for autoclaved aerated concrete (AAC) during the forecast period due to the fast pace of industrial and building activity growth. Furthermore, the market is expected to benefit from massive construction growth in countries such as China, Japan, and India. North Americais expected to grow significantly due to increased infrastructure-related activity. Europe is expected to experience tremendous growth as a result of the massive increase in demand for efficient and lightweight building materials.
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Key Players
The market is highly populated with the presence of several local, regional, and global players. Most of the major players compete in some of the governing factors including price, product offerings, regional presence, etc. The following are the key players in the autoclaved aerated concrete (AAC) market-
To Aercon AAC
Biltech Building Elements Ltd.
Buildmate Projects Pvt. Ltd
CSR Ltd.
Eastland Building Materials Co. Ltd.
H+H International A/S
JK Lakshmi Cement Ltd.
Mannok
UAL Industries Ltd.
Xella Group
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s autoclaved aerated concrete (AAC) market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
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Key questions this report answers
Relevant contents in the report
How big is the sales opportunity?
In-depth Analysis of the Autoclaved Aerated Concrete (AAC) Market
How lucrative is the future?
Market forecast and trend data and emerging trends
Which regions offer the best sales opportunities?
Global, regional, and country level historical data and forecasts
Which are the most attractive market segments?
Market segment analysis and forecast
Which are the top players and their market positioning?
Porter’s five forces analysis, PEST analysis, Life cycle analysis
What are the factors affecting the market?
Drivers & challenges
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The growing emphasis on infrastructure development in developing countries is a key factor driving the growth of the autoclaved aerated concrete (AAC) market. Autoclaved aerated concrete products have excellent thermal and acoustic insulation properties, are lightweight, and have improved workability and durability.
Aercon AAC, UAL Industries Ltd., Mannok, H+H International A/S, JK Lakshmi Cement Ltd., Xella Group, Biltech Building Elements Ltd., CSR Ltd., Eastland Building Materials Co. Ltd., and Buildmate Projects Pvt. Ltd are the leading players in the autoclaved aerated concrete (AAC) market.
Asia-Pacific is estimated to remain dominant in the autoclaved aerated concrete (AAC) market in the foreseen future. The segment's growth can be attributed to the rapid growth of the construction sector in developing countries such as India and China.