Market Dynamics
The global Autoclaved Aerated Concrete Market Size was worth 7.2 Billion in 2021, estimates Market Research Future (MRFR). The market exhibits the potential to achieve a decent growth rate of 6.30% over the forecast period (2021 to 2027).
Growth Drivers and Top Challenges
A trend gaining traction in the Autoclaved Aerated Concrete Market Size includes the rising construction of disaster-resistant structures. Earlier, buildings in rural and urban areas across countries used to lack the required deterrence to any natural calamity. However, with the aim of dealing with the damage caused by natural disasters, developers have shifted towards the construction of disaster-resistant structures, which boosts the adoption of autoclaved aerated concrete (AAC), given its lightweight property.
Rising urbanization and industrialization combined with the expansion of the infrastructure sector are some of the chief factors stimulating the growth of the Autoclaved Aerated Concrete Market Size. The appealing properties of AAC, such as low cost, lightweight, ability to bear fire and earthquake, and variety in block sizes, have popularized it in the construction industry. Besides, it also helps bring down the construction time by 20%, given the variation in the sizes of the blocks available, thereby reducing the number of joints in the masonry walls.
Investments by governments in developing countries to enhance the improvise infrastructure facilities has risen considerably over the years, which is bound to favor the market growth in the near future. The market shows high growth potential in developing economies, given the rising focus on construction of buildings that are resistant to earthquake as well as other natural disasters. The construction industry puts significant emphasis on developing materials that can bear natural calamities.
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Market Segmentation
The global market for autoclaved aerated concrete has been extensively studied in the report, with respect to segments like product type, size, application and end-use.
The market for autoclaved aerated concrete, considering the product type, includes lintel, block, wall panel, floor and roof panel, tile, cladding panel, and others. With regard to value, blocks are anticipated to retain their dominance in the global market in the coming years.
The different sizes of autoclaved aerated concrete blocks available in the market are small, medium and large. The large sized AAC blocks are extensively used for constructing roads, and with the increasing construction of roads across regions, the segment is likely to secure the top position in the market.
The application-wise market segmentation comprises road construction, void filling, building construction materials, bridge sub-structure, roof insulation, and others. The building construction material segment forms the largest market for autoclaved aerated concretes.
The prominent end-users in the market are commercial, industrial, infrastructure and residential. The commercial sector is likely to take the lead in the global market.
Regional Insight
The market for autoclaved aerated concrete is spread across the five regions of North America, Asia Pacific (APAC), South America, Europe, and the Middle East & Africa (MEA). As of 2018, the European market had taken the lead, with APAC and North America coming in second and third, respectively.
Europe’s dominance in the global market is evident from the rising application of autoclaved aerated concrete in building material. The European Construction Industry Federation (FIEC) reveals that the construction industry in the region is expanding at a rate of 2% and this trend is touted to continue in the future as well. Some of the leading markets for autoclaved aerated concrete in the region are Poland, the United Kingdom (U.K) and Germany. Emergence of smart cities as well as green buildings, like high-rise residential and commercial buildings can also foster market growth within the region.
APAC is all set to acquire the fastest growth rate in the coming years, thanks to the increasing urbanization and industrialization in India, China, among other emerging countries. With the rising number of renowned manufacturers combined with the booming construction industry, the demand for autoclaved aerated concretes in the region is bound to surge during the review period. Increasing purchasing power of people, mushrooming population, and government efforts to offer affordable housing can also drive the market demand in the region.
Significant Players
Significant companies striving to expand their base in the global Autoclaved Aerated Concrete Market Size are Broco Industries (Indonesia), Masa Group (Germany), JK Lakshmi Cement Ltd. (India), Wehrhahn GmbH (Germany), Biltech Building Elements Limited (India), AERCON AAC (India), Aircrete Europe B.V. (Netherlands), ACICO Industries (Kuwait), AERCON AAC (US), Xella Group (Germany), to name a few.
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