PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252664
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1252664
Autoclaved Aerated Concrete Market size was valued at USD 20,008.9 Million in 2022, expanding at a CAGR of 9.1% from 2023 to 2030.
Fine aggregates, cement, and an expansion agent are used to create autoclaved aerated concrete (AAC), which rises like bread dough when it is first mixed. In actuality, this kind of concrete is 80% air. The raw material is molded and cut into units with exact dimensions in the manufacturing facility.
The market for autoclaved aerated concrete is anticipated to increase as green buildings are built more frequently. Green buildings have a smaller carbon footprint and less of an effect on the environment because they are more energy-efficient and sustainable. For instance, nearly 6,500 industrial buildings received the ENERGY STAR in 2020, saving $1.6 billion and preventing more than 5 million metric tons of greenhouse gas emissions, according to EnergyStar, a US-based government-backed symbol for energy efficiency. As a result, the market for autoclaved aerated concrete is expanding due to the rise in green building development.
A major trend that is becoming increasingly popular in the autoclaved aerated concrete market is technological development. The discovery of knowledge that enhances the comprehension of technology is referred to as technological advancement. For instance, ACC Limited, an Indian cement manufacturer, introduced ACC Airium in March 2022. ACC Airium is built on insulating technology. An aerated concrete product called ACC Airium, which can be used to create homes, offices, and other structures, insulates the surface during construction.
The Global Autoclaved Aerated Concrete Market is segmented based on Application, Product Type, End-user, and Region.
Based on the product type, the block segment is expected to hold the largest revenue share over the forecast period due to its low installation costs and rising demand from both residential and non-residential projects. Moreover, it can be used to rapidly develop kitchen surfaces and is easy to remove without damage to surroundings.
Based on end-user, the residential segment is expected to hold the dominant position over the forecast period. This market is expanding as a result of rising demand for lightweight, environmentally favorable, and sustainable building materials like AAC for residential projects. Other important factors driving the growth of this market include the expansion of infrastructure quickly, the expansion of the construction industry, technical improvements in the production of AAC blocks and panels, etc.
The Asia Pacific is expected to capture the largest market share over the forecast period. The growth in the region is attributed to the factors like rapid urbanization, industrial expansion, ongoing developments, and building projects. Due to the simple availability of raw materials and the rising demand for cheaper products in the region, manufacturers are concentrating on increasing the production of autoclaved aerated concrete materials. India and China's expanding populations are also helping the industry expand. On the other hand, North America is expected to grow significantly over the forecast period. Rising investments in technological advancements by key players in AAC-producing companies are anticipated to propel regional growth.
In December 2020, the Leading manufacturer of high-quality building materials Bigbloc Construction Ltd. declared the completion of a significant expansion with its subsidiary, M/s Starbigbloc Building Material Pvt. Ltd. Bigbloc has a 25% increase in production capability.
In August 2019, HIL purchased Parador Holdings GmbH, a carpet manufacturer and distributor with operations in Germany. Production facilities for Parador are located in Gussing and Coesfeld, Germany.
This proposed research study on Autoclaved Aerated Concrete market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2023-2030), considering 2022 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for Autoclaved Aerated Concrete market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Autoclaved Aerated Concrete market
The impact of COVID-19 on Autoclaved Aerated Concrete market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight into Autoclaved Aerated Concrete market post-COVID will also be covered.
To give the users of this report a comprehensive view of the Autoclaved Aerated Concrete market, we have also included a competitive landscape and key innovator analysis for the Autoclaved Aerated Concrete market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand the financial information and strategic initiatives of players operating in the Autoclaved Aerated Concrete market.
In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new launches, research & development, and regional expansion of major participants involved in the market on global as well as regional levels.
The global Autoclaved Aerated Concrete market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
The scope of this report covers the market by its major segments, which include as follows:
CSR Ltd.
XELLA International GmbH
JK Laxmi Cement Ltd
Tarmac
ACICO
SOLBET
Masa Group
Buildmate Projects Pvt. Ltd.
AERCON AAC
Quinn Building Products
Biltech Building Elements Limited
BIGBLOC Construction
Hil Ltd
Eastland Building Materials Co
Bauroc
H+H International
AKG Gazbeton
Walls
Floors & Roofs
Others
Blocks
Beams & Lintels
Cladding Panels
Wall Panels
Roof Panels
Floor Elements
Others
Residential
Non-Residential
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Turkey
Algeria
Egypt
Rest of MEA