Asia-Pacific to dominate the Autoclaved Aerated Concrete Market through 2026
Rise in the demand for the
affordable houses and the supportive government policies is expected to drive
the demand for global autoclaved aerated concrete market in forecast period.
According to TechSci Research report, “Global Autoclaved
Aerated Concrete Market By Product Type (Block, Lintel, Floor Elements,
Roof Panel, Wall Panel, Cladding Panel, and Others) By Size (Small, Medium
& Large) By End User (Residential, Commercial, Industrial, Infrastructure)
By Application (Construction Materials, Road Construction, Roof Insulation,
Bridge Sub-Structure, Void Filling, and Others), By Region, Company Forecast
& Opportunities, 2026”, The global autoclaved aerated concrete market
is expected to witness significant growth for the next five years. Developing
nations are more focused on the construction of roads, highways, residential
and commercial spaces due to which in these regions the market is expected to
autoclaved aerated concrete market. The rise in urbanization and
industrialization activities are also influencing the growth of the market.
The COVID-19 outbreak across the world which has been
declared as a pandemic by World Health Organization has affected several
countries adversely. Leading authorities around the globe imposed lockdown
restrictions and released a set of precautionary measures to contain the spread
of novel coronavirus. Coronavirus-affected patients started suffering from
shortness of breath along with coughing and sneezing. Manufacturing units were
temporarily shut down and the workers moved back to their native places which
led to the shortage of the workforce. Ongoing construction activities and
projects were temporarily stopped, and the upcoming projects were postponed as
a precautionary measure which impacted the growth of the construction industry
adversely, and thereby the global autoclaved aerated concrete market was
negatively affected during this period.
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Global
autoclaved aerated concrete market is segmented into product type, size, end
user, application, regional distribution, and company. Based on the product type,
the market can be divided into block, lintel, floor elements, roof panel, wall
panel, cladding panel, and others. The block product type segment is expected
to account for major market share in the forecast period, 2022-2026. The rise
in demand from residential and commercial spaces is driving the growth of the
autoclaved aerated concrete blocks. These blocks offer several advantages such
as quick and easy installation, insulation capability, and the facility to cut,
routed to size on the site which is contributing significantly to the market
growth. Based on end user, the market can be divided into residential,
commercial, industrial, and infrastructure. The residential end user segment is
expected to hold lion’s share in the next five years owing to the growing need
for lightweight and environment-friendly construction materials. The durability
and the reliability of the autoclaved aerated concrete materials are expected
to fuel the market growth. Based on the application, the market can be divided into
construction materials, road construction, roof insulation, bridge
sub-structure, void filling, and others. The construction materials segment is
dominating the market and is expected to maintain its dominance throughout the
forecast period. The rise in construction activities and the growing demand for
eco-friendly construction materials is the driving factor for the growth of
this segment. Autoclaved aerated concrete materials have superior properties
such as high degree of compression, high tensile strength, ease to use which
aids in increasing their demand as the construction material.
Aercon
AAC, UAL Industries Ltd., Mannok, H+H International A/S, JK Lakshmi Cement
Ltd., Xella Group, Biltech Building Elements Ltd., CSR Ltd., Eastland Building
Materials Co. Ltd., Buildmate Projects Pvt. Ltd. are the leading players
operating in global autoclaved aerated concrete market. Service Providers are
increasingly focusing on research and development process to fuel higher growth
in the market. To meet evolving customer demand with respect to better
efficiency and durability, several autoclaved aerated concrete providers are
coming up with their technologically advanced offerings.
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“The
rise in government initiatives for the construction of smart cities by
integrating sensors with connected devices to get real-time analysis is
expected to surge the demand for construction materials in the next five years.
Growing demand for green buildings which do not exude any harmful or polluting
gases and these buildings are made up of non-toxic ingredients are fueling the
growth of the autoclaved aerated concrete market. Autoclaved aerated concrete
materials offer excellent sound absorption qualities, therefore are preferred
for the construction of sound-proof buildings. The shift in the consumer
preference for the construction of disaster-resistant buildings is further
expected to propel the global autoclaved aerated concrete market till 2026” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Autoclaved
Aerated Concrete Market By Product Type (Block, Lintel, Floor Elements, Roof
Panel, Wall Panel, Cladding Panel, and Others) By Size (Small, Medium &
Large) By End User (Residential, Commercial, Industrial, Infrastructure) By
Application (Construction Materials, Road Construction, Roof Insulation, Bridge
Sub-Structure, Void Filling, and Others), By Region, Company Forecast &
Opportunities, 2026” has evaluated the future growth potential of global autoclaved
aerated concrete market and provided statistics & information on market
size, shares, 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 the of global autoclaved
aerated concrete market.
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