Autoclaved Aerated Concrete (AAC) Market Forecasts to 2028 – Global Analysis By Size (Small, Medium, Large), Application (Void Filling, Roof Insulation), End User, and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $19.93 BN |
|
Projected Year Value (2028) |
US $34.16 BN |
|
CAGR (2021 - 2028) |
8.0% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Fastest Growing Market |
North America |
According to Stratistics MRC, the Global Autoclaved Aerated Concrete (AAC) Market is accounted for $19.93 billion in 2021 and is expected to reach $34.16 billion by 2028 growing at a CAGR of 8.0% during the forecast period. Autoclaved aerated concrete is a fundamental construction material available in forms such as blocks, lintels, panels, etc. The product gives a unique combination of low weight, the rigidity of construction, cost-effectiveness, and durability. Autoclaved aerated concrete is manufactured using fine aggregates, cement, and an expansion agent.
Market Dynamics:
Driver:
Urbanization in developing regions
Increasing urbanization, especially in developing regions is creating the requirement for new building construction. AAC has been the preferred choice of building material for developers and contractors as it is a lightweight and energy-efficient material. The percentage of the urban population in many countries is likely to increase and create the need for new construction, thereby propelling the autoclaved aerated concrete market. The essential energy required to produce a cubic foot of AAC is relatively low compared to that for alternative masonry building materials.
Restraint:
High cost
Clay bricks are widely utilized as a building & construction material as they are less expensive compared to AAC blocks. The higher cost of AAC as compared to clay bricks can act as a limitation for the autoclaved aerated concrete market. AAC is superior compared to other building materials based on various parameters. Additionally, the number of AAC production facilities is limited, especially in North America. This construction material is available in limited areas only.
Opportunity:
Increasing demand from the construction industry
The expanded living spaces needed in the urban regions resulting from urbanization and the desire of middle-class urban occupants to further develop their living conditions might have a profound effect on the housing market, and thereby increase the residential construction in the country, which in turn will have a positive effect on the geopolymers market in the country. Autoclaved aerated concrete, attributable to its thermally-insulated and energy-efficient properties, along with being fire-resistant, termite- or pest-resistant, seismic-resistant, lightweight, sustainable, and quick and simple in application, is utilized in construction.
The blocks segment is expected to be the largest during the forecast period
The blocks segment is estimated to have a lucrative growth due to the rising demand for autoclaved aerated concrete blocks in residential as well as non-residential industries. Besides autoclaved aerated concrete block insulating capability, one of its benefits in construction is its quick and simple installation, because the material can be routed, sanded, and cut to size on site.
The residential segment is expected to have the highest CAGR during the forecast period
The residential segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the need for lightweight and environmentally-friendly building materials in residential constructions. Autoclaved aerated concrete building materials have become an integral part of the building & construction industry because of their durability and excellent features.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period due to increasing population and urbanization in the region. China’s emergence as a global manufacturing hub has expanded the demand for blocks. Cheap labor and easy availability of raw materials boost the production of these materials in the region. Countries in the Asia Pacific are continuously focusing on the advancement of green structures with a plan to understand a maintainable future and looking for practical, yet effective development techniques.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period owing to rapid urbanization, industrial growth, ongoing developments, and construction projects. Manufacturers are focusing on increasing the production of autoclaved aerated concrete materials. In addition, increasing investments in technological advancements in AAC producing companies are further driving the growth of the market in the region.
Key players in the market
Some of the key players profiled in the Autoclaved Aerated Concrete (AAC) Market include Xella Group, Wehrhahn GmbH, Biltech Building Elements Limited, UAL Industries Ltd, AKG Gazbeton, Solbet Sp Z.O.O., Buildmate Projects Pvt. Ltd., JK Lakshmi Cement, CSR Ltd., Quinn Building Products, Bauroc International AS, UltraTech Cement Ltd., and Aercon Florida Llc.
Key Developments:
In April 2019, CSR Ltd expanded its AAC manufacturing facility, which will allow the company to double its current capacity. The opening of the plant, located in Somersby, NSW, will help the company to serve the growing demand from the Australian housing market.
In March 2017, Biltech Building Elements Limited acquired the AAC blocks manufacturing units of Siporox in Pune and Tumkur. India’s rising population, increase in per capita income, improved economic growth, industrialization, and rapid urbanization have augmented the growth prospects of blocks and bricks industry. As a result, the company strengthened its AAC block segment through this acquisition.
Sizes Covered:
• Small
• Medium
• Large
Elements Covered:
• Blocks
• Wall Panels
• Roof Panels
• Floor Elements
• Cladding Panels
• Beams & Lintels
• Other Elements
Applications Covered:
• Void Filling
• Roof Insulation
• Building Construction Materials
• Concrete Pipes
• Road Construction
• Bridge Sub-Structure
• Road Sub-Base
End Users Covered:
• Residential
• Non-Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Autoclaved Aerated Concrete (AAC) Market, By Size
5.1 Introduction
5.2 Small
5.3 Medium
5.4 Large
6 Global Autoclaved Aerated Concrete (AAC) Market, By Element
6.1 Introduction
6.2 Blocks
6.3 Wall Panels
6.4 Roof Panels
6.5 Floor Elements
6.6 Cladding Panels
6.7 Beams & Lintels
6.8 Other Elements
6.8.1 Tile
6.8.2 Small Boxes
6.8.3 Pipes
6.8.4 Joint Fillers
7 Global Autoclaved Aerated Concrete (AAC) Market, By Application
7.1 Introduction
7.2 Void Filling
7.3 Roof Insulation
7.4 Building Construction Materials
7.5 Concrete Pipes
7.6 Road Construction
7.7 Bridge Sub-Structure
7.8 Road Sub-Base
8 Global Autoclaved Aerated Concrete (AAC) Market, By End User
8.1 Introduction
8.2 Residential
8.3 Non-Residential
8.3.1 Commercial
8.3.2 Industrial
8.3.3 Public Infrastructure
8.3.3.1 Water Treatment Systems
8.3.3.2 Highway Substructure
8.3.3.3 Bridges
9 Global Autoclaved Aerated Concrete (AAC) Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Xella Group
11.2 Wehrhahn GmbH
11.3 Biltech Building Elements Limited
11.4 UAL Industries Ltd
11.5 AKG Gazbeton
11.6 Solbet Sp Z.O.O.
11.7 Buildmate Projects Pvt. Ltd.
11.8 JK Lakshmi Cement
11.9 CSR Ltd.
11.10 Quinn Building Products
11.11 Bauroc International AS
11.12 UltraTech Cement Ltd.
11.13 Aercon Florida Llc
List of Tables
1 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Region (2020-2028) ($MN)
2 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Size (2020-2028) ($MN)
3 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Small (2020-2028) ($MN)
4 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Medium (2020-2028) ($MN)
5 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Large (2020-2028) ($MN)
6 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Element (2020-2028) ($MN)
7 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Blocks (2020-2028) ($MN)
8 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Wall Panels (2020-2028) ($MN)
9 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Roof Panels (2020-2028) ($MN)
10 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Floor Elements (2020-2028) ($MN)
11 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Cladding Panels (2020-2028) ($MN)
12 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Beams & Lintels (2020-2028) ($MN)
13 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Other Elements (2020-2028) ($MN)
14 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Tile (2020-2028) ($MN)
15 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Small Boxes (2020-2028) ($MN)
16 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Pipes (2020-2028) ($MN)
17 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Joint Fillers (2020-2028) ($MN)
18 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Application (2020-2028) ($MN)
19 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Void Filling (2020-2028) ($MN)
20 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Roof Insulation (2020-2028) ($MN)
21 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Building Construction Materials (2020-2028) ($MN)
22 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Concrete Pipes (2020-2028) ($MN)
23 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Road Construction (2020-2028) ($MN)
24 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Bridge Sub-Structure (2020-2028) ($MN)
25 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Road Sub-Base (2020-2028) ($MN)
26 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By End User (2020-2028) ($MN)
27 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Residential (2020-2028) ($MN)
28 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Non-Residential (2020-2028) ($MN)
29 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Commercial (2020-2028) ($MN)
30 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Industrial (2020-2028) ($MN)
31 Global Autoclaved Aerated Concrete (AAC) Market Outlook, By Public Infrastructure (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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