Autoclaved Aerated Concrete (AAC) Market Analysis | 2023-2028

“The Autoclaved Aerated Concrete (AAC) Market is expected to grow from USD 19.02 billion in 2022 to USD 26.68 billion by 2028 at a CAGR of 5.70% during the forecast period”.

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Market Dynamics

Introduction

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 Drivers

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

By Product Type

“Blocks are expected to remain the largest and fastest-growing product type in the market during the forecast period”.

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

“Residential is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period”.

The market is segmented as residential and non-residential. Residential is expected to remain the dominant as well as the fastest-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 during the forecast period”.

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW).  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 America is 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.

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 (arranged alphabetically)

• 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
• To Aercon AAC
• UAL Industries Ltd.
• Xella Group

Note: The above list does not necessarily include all the top players in the market.

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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 with industry experts to obtain both qualitative and quantitative insights.

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