Global Autoclaved Aerated Concrete (AAC) Market Size study & Forecast, by Product (Block, Panel, Tiles, Others) by Application (Residential, Commercial, Others) and Regional Analysis, 2023-2030

Global Autoclaved Aerated Concrete (AAC) Market Size study & Forecast, by Product (Block, Panel, Tiles, Others) by Application (Residential, Commercial, Others) and Regional Analysis, 2023-2030

Global Autoclaved Aerated Concrete (AAC) Market is valued approximately USD 14.62 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.0% over the forecast period 2023-2030. Autoclaved Aerated Concrete (AAC) is a lightweight precast concrete material known for its unique cellular structure, which is created through a process involving the introduction of air bubbles into the concrete mixture. These bubbles are formed by adding aluminum powder or paste to the mixture, which reacts with calcium hydroxide and water during the curing process, releasing hydrogen gas. This gas forms bubbles throughout the mixture, resulting in a material with a porous, lightweight structure. The Autoclaved Aerated Concrete (AAC) market is expanding because of factors such as increasing demand for sustainable construction materials, rising urbanization and infrastructure development, population growth and housing demand across the globe.

The rising construction industry is a significant driver behind the growth of the Autoclaved Aerated Concrete (AAC) market. With global urbanization continuing at a rapid pace, the demand for construction materials is soaring, particularly in emerging economies where infrastructure development and urban expansion are priorities. AAC's lightweight nature, coupled with its superior thermal insulation properties and sustainability credentials, positions it as a preferred choice for modern construction projects., As per Statista, global spending in the construction industry amounted to USD 12 trillion in 2019, and it has seen a steady increase to USD 12.9 trillion in 2021. Projections indicate a further surge, reaching USD 19.2 trillion by 2035. Thus, rising construction industry is driving the market growth. In addition, innovations in AAC Technology and increased emphasis on Green Buildings (LEED Ratings) are creating new opportunities in the market. However, the availability of alternatives and inconsistent quality standards stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Autoclaved Aerated Concrete (AAC) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the growing emphasis on sustainable construction practices, rising demand for energy-efficient building materials in the region. Asia Pacific is expected to grow significantly during the forecast period, owing to factors such as surge in urbanization and industrialization, attracting numerous global companies to establish manufacturing facilities due to the abundance of affordable labor and raw materials. This trend is fueling the demand for construction materials, with AAC products expected to witness significant growth in the region over the next decade as a result. For instance, In December 2021, Siam Cement Group, a Thailand-based conglomerate, operating through its subsidiary SCG International, initiated a joint venture with BigBloc Construction for the production of their patented product, ALC Panels, in Gujarat, India.

Major market player included in this report are:
ACICO Group
AERCON AAC
AKG Gazbeton
BAUROC AS
Biltech Building Elements Limited
Eastland Building Materials Co., Ltd
Eco Green
H+H UK Limited
HIL Limited
JK Lakshmi Cement Ltd

Recent Developments in the Market:
 In February 2022, BigBloc Construction disclosed an investment totalling USD 9.1 million to bolster its manufacturing capacity. This initiative involves the establishment of a Greenfield project dedicated to AAC blocks in Maharashtra, India.
 In January 2022, Xella International announced its decision to divest its Insulation Business Unit URSA to Etex. This transaction encompasses 13 production sites situated across various European countries, including Spain, France, Belgium, Italy, Germany, Poland, Slovenia, and Russia.

Global Autoclaved Aerated Concrete (AAC) Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – Product, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product:
Block
Panel
Tiles
Others

By Application:
Residential
Commercial
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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