Autoclaved Aerated Concrete Market

The Global Autoclaved Aerated Concrete Market is projected to grow at a CAGR of around 5.5% over the next six years. The key drivers fostering the growth of the market include; Increasing number of construction projects across the globe, growing focus on cost-effective construction techniques, and increasing demand for sustainable construction. However, factors such as high initial cost and presence of substitutes may hamper the growth of the AAC market to some extent.

Rapid urbanization and industrial growth has resulted in a steady growth of the construction sector over the years. Moreover, owing to its properties such as lightweight, low cost, earthquake and fire resistance, autoclaved aerated concrete is becoming increasingly common in the construction industry. Increasing investment on infrastructure growth, especially in the emerging economies has further impeded the growth of the construction industry. Developing countries such as India, Brazil, and South Africa among others are placing more emphasis on road connectivity, highways, and residential housing, which is expected to fuel demand for autoclaved aerated concrete.

Autoclaved Aerated Concrete (AAC) is a form of lightweight concrete masonry. Because of its unique cellular structure, which contains millions of tiny pockets of compressed air, it can weigh as little as 1/5 of the weight of ordinary concrete. AAC has a variety of unique physical properties due to its cellular structure. Moreover, AAC is very resource-effective due to the massive increase in volume. AAC contains a pore content of approximately 80%, which leads to a low consumption of raw materials.

The Autoclaved Aerated Concrete market is also driven by increasing demand for sustainable construction. There is an increased focus on more environmentally friendly products across the globe. Companies in the homebuilding sector have responded by increasing their green offerings, in part because consumers are often willing to pay a premium for green products and services. AAC is lighter and more environmentally friendly than the conventional structural building materials like wood, concrete, stone, and bricks. Moreover, Autoclaved Aerated Concrete is a renewable building material that utilizes recycled industrial waste (fly ash). AAC is made in a non-polluting way, with steam being the only by-product. AAC is made up of non-toxic materials that don’t emit any gases.

Segment overview

On the basis of product type, the block segment held the largest share of the global AAC market in 2020. The growth in the segment is owing to its quick and easy installation and their application in pavement construction, high-rise buildings, and road construction. The panels segment is projected to grow at a healthy CAGR during 2021-2027.

On the basis of region, Asia-Pacific holds the major share of the global AAC market and is expected to retain its dominance over the forecast period. This is mainly due to rapid rate of urbanization and increasing population is leading to an increase in the construction activities in the region. Moreover, emerging economies like China and India among others are investing heavily on the infrastructure growth, which is impeding the growth of the AAC market.

Key insights:

• Based on product type, the block segment held the largest share of the global AAC market in 2020.
• On the basis of application, construction material segment helds the major share of the global AAC market
• Based on the region, Asia-Pacific holds the major share of the global AAC market and is expected to retain its dominance over the forecast period

Key players operating in the Global Autoclaved Aerated Concrete market include: AERCON AAC., Aerix Industries., ACICO Group, Inc., CEMATRIX Corporation, Broco Industries, ISOLTECH Srl, H+H International A/S, CSR Limited., SOLBET Capital Group, Xella International GmbH, Laston Italiana Spa, among others.

Key questions Answered in the report :

• What are the major trends in Autoclaved Aerated Concrete market?
• How has the Autoclaved Aerated Concrete market performed, and what are its key drivers?
• What shares do the major regional markets occupy?
• What is the degree of competition in the AAC market?
• What are the key strategies adopted by the players operating in the AAC market?
• What has been the impact of COVID-19 on the Autoclaved Aerated Concrete market?