Autoclaved Aerated Concrete Market to Grow with a CAGR of 7.25% through 2027
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"
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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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