Autoclaved Aerated Concrete Market 2020 World Technology, Devel

  • The global autoclaved aerated concrete market is growing at a rapid pace. Autoclaved aerated concrete (ACC) is a high-quality building material, offering unique combinations of strength & low weight, thermal insulation & sound absorption, and unsurpassed fire resistance ability compared to conventional concrete. With advantageous properties, ACC materials help to reduce the overall structural cost. 

    With conventional bricks banned in several markets, leading construction companies are rapidly shifting to AAC. Resultantly, the autoclaved aerated concrete market share is poised for a substantially upward move. Rising government focus on infrastructure development and economic housing projects increases the market demand multi-fold, substantially increasing the turnover and profitability. 

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    Moreover, the rising demand for cost-effective building materials and rising uses of ACC blocks to build energy-saving structures drive the market demand. According to Market Research Future (MRFR), the global autoclaved aerated concrete market is expected to grow at approximately 6.30 % CAGR during the forecast period (2019–2025). The growing building construction landscape worldwide fuels the demand for autoclaved aerated concrete.

    With the ever-increasing global population demanding affordable housing solutions and a drastic upsurge in residential complex developments over recent years, the ACC market is witnessing substantial revenue growth. Besides, rapid industrialization and urbanization across emerging economies foster the growth of the ACC market. Additionally, affordable housing schemes launched by governing bodies around the globe push the ACC market growth. 

    Global Autoclaved Aerated Concrete Market – Segments

    The AAC market is segmented into product type, size, application, end-use, and regions. The product type segment is sub-segmented into block, lintel, floor & roof panel, wall panel, cladding panel, tile, and others. Among these, the blocks segment holds the largest market share due to the rising popularity of autoclaved aerated concrete blocks in the construction industry. 

    The size segment is sub-segmented into small, medium, and large blocks. The large segment holds the largest market share due to extensive uses of large AAC blocks in road construction. Furthermore, key manufacturers focus on producing large AAC blocks, leading to the increased market share of this segment. 

    The application segment is sub-segmented into building construction materials, road construction, roof insulation, bridge sub-structure, void filling, and others. Among these, the building construction material segment holds the largest market share. 

    The end-user segment is sub-segmented into residential, commercial, industrial, and infrastructure. Among these, the commercial sector holds the largest market share. By regions, the market is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.

    Global Autoclaved Aerated Concrete Market – Regional Analysis 

    Europe dominates the global autoclaved aerated concrete market. The largest market share attributes to the growing application of ACC blocks as the building material and the rapidly growing construction industry in the region. Germany, Poland, and the UK are the major producers of autoclaved aerated concrete, majorly contributing to the regional market. The European ACC market is projected to retain its dominance throughout the estimated period.

    The Asia Pacific region stands second in the global autoclaved aerated concrete market. Market growth is fostered by the rapid urbanization in China, India, and other emerging economies in the region. Additionally, the presence of leading manufacturers and the growing construction industry in the region create substantial demand for AAC. The APAC autoclaved aerated concretes market is expected to create a substantial revenue pocket during the anticipated period.  

    The autoclaved aerated concrete market in North America is growing rapidly Factors such as the booming construction sector and constant renovation activities in infrastructures drive the market demand. Furthermore, the increasing production capacities, high consumption potential, and well-developed economy boost the regional market growth. The North American ACC market is expected to perceive significantly augmenting demand during the review period.

    Global Autoclaved Aerated Concrete Market – Competitive Analysis 

    Fiercely competitive, the Autoclaved Aerated concrete market appears fragmented due to several well-established industry players operating in the market. Mergers & acquisitions, collaboration, brand reinforcement, and innovation are popular trends of key players to gain a larger competitive advantage and maintain their market positions.

    Major Players:

    Players active in the global autoclaved aerated concrete market include ACICO Industries (Kuwait), Wehrhahn GmbH (Germany), Masa Group (Germany), Xella Group (Germany), AERCON AAC (India), Aircrete Europe BV (Netherlands), Broco Industries (Indonesia), Biltech Building Elements Limited (India), AERCON AAC (US), and JK Lakshmi Cement Ltd. (India), among others.

    Industry/ Innovation/ Related News:

    Dec 14, 2020 ---- Bigbloc Construction Limited (India), a leading manufacturer of building materials including AAC Blocks, announced the successful plant expansion of its subsidiary - M/s Starbigbloc Building Material Private Limited before schedule. The move would expand the AAC production capacity by 25 percent. The company is expected to announce major business proposals and plans in the recent future.

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