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

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

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
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
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
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances