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Autoclaved Aerated Concrete Market to Grow with a CAGR of 7.25% through 2027
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Rising infrastructure development and rising demand for sustainability are driving the growth in Global Autoclaved Aerated Concrete Market in the forecast period, 2023-2027.
According to TechSci Research report, “Autoclaved Aerated Concrete Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027”, the global autoclaved aerated concrete market stood at USD9.85 billion in 2021 and is anticipated to grow with a CAGR of 7.25% in the forecast period, 2023-2027. The flourishing construction sector, high demand for lightweight construction material, and growing focus on the construction of green buildings are expected to drive the demand for the global autoclaved aerated concrete market through the forecast period.
The automated aerated concrete offers several advantages over traditional ash bricks, including higher energy efficiency, ease of application, and thermal insulation, which has increased their demand for commercial and residential construction. Developed countries are using autoclaved aerated concrete materials for construction and infrastructure development. Autoclaved aerated concrete makes the building sustainable and energy efficient. Market players are making investments in the construction of advanced facilities and technologies to boost productivity and develop advanced materials with higher decarbonization properties.
However, the high manufacturing cost of autoclaved aerated concrete over traditional construction material and lack of awareness may restrain the market growth for the next five years.
Browse over 115 market data Figures spread through 180 Pages and an in-depth TOC on "Global Autoclaved Aerated Concrete Market"
The global autoclaved aerated concrete market is segmented into product type, end user, application, region, and by company.
Based on product type, the market is fragmented into block, lintel, floor elements, roof panel, wall panel, cladding panel, and others. Block products hold the largest market share by covering 43.18% market share in 2021. The high demand for autoclaved aerated concrete from residential and non-residential buildings offers numerous advantages, including increased insulating capabilities and easier installation than traditional construction materials.
Based on the end user, the market is divided into residential, commercial, industrial, and infrastructure. The residential segment dominated the market in 2021, with a share of 36.46%, and is anticipated to grow at a CAGR of 6.98% in the forecast period. The rise in demand for lightweight and energy-efficient building materials for building construction is expected to accelerate the market growth in the forecast period. Buildings account for a significant share to contribute to the growing pollution levels, which is the major reason leading authorities are promoting the construction of green buildings.
On the basis of regional analysis, Europe accounted for the largest market share of 33.63% in the global autoclaved aerated concrete market due to the presence of leading companies and manufacturing units in the region. People are aware of the benefits of using energy-efficient construction materials and are using them extensively to construct their houses. Ongoing Urban Transformation Campaign in the region is expected to play a significant role in accelerating the demand for autoclaved aerated concrete market through the next five years.
The leading companies operating in the global autoclaved aerated concrete market are :
- Biltech Building Elements Limited
- Xella International GmbH
- CSR Limited
- UAL Industries Limited
- H+H International A/S
- JK Lakshmi Cement Ltd.
- Mannok Holdings
- Aercon AAC
- Buildmate Projects Pvt Ltd.
- Eastland Building Materials Co., Ltd
- Bauroc AS
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“The rise in efforts taken by leading authorities to lower carbon emissions and the launch of various initiatives such as the initiative by the World Green Building Council to achieve net-zero carbon commitment by 2030 from building and construction activities in the urban cities are expected to surge the demand for sustainable construction materials like AAC. Construction of smart buildings by using internet of things (IoT) technology and other advanced materials and techniques to upgrade the existing building infrastructure and transform it into a green building is expected to propel the global autoclaved aerated concrete market growth through 2027”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Autoclaved Aerated Concrete Market - Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2017-2027, Segmented By Product Type (Block, Lintel, Floor Elements, Roof Panel, Wall Panel, Cladding Panel, and Others), By End User (Residential, Commercial, Industrial, Infrastructure), By Application (Construction Materials, Road Construction, Roof Insulation, Bridge Sub-Structure, Void Filling, and Others), By Region”, has evaluated the future growth potential of global autoclaved aerated concrete market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global autoclaved aerated concrete market.
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