Autoclaved Aerated Concrete (AAC) Market

The Global Autoclaved Aerated Concrete (AAC) Market size was valued at USD 21.12 Billion in 2022 and is expected to surpass USD 35.68 Billion by 2031, expanding at a CAGR of 6% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increase in building and redevelopment projects.

Due to its unique cellular structure, which contains millions of tiny pockets of trapped air, autoclaved aerated concrete (AAC) is an ultra-light concrete masonry product that weighs as low as one-fifth that of regular concrete.

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AAC is commonly seen in the shape of blocks, panels, lintels, and other architectural elements. Fine aggregate or fly-ash, cement, and an expansion agent, usually aluminum powder, are used to make AAC. To lower the density and total weight of the product, this form of concrete contains about 80% air caused by the expansion agent.

China has been noted as encouraging and experiencing a continuous urbanization process, with a goal rate of 60% by 2020. Increased living space requirements in urban areas as a result of urbanization, as well as the desire of middle-class urban inhabitants to enhance their living conditions, may have a significant impact on the housing market, increasing the number of residential buildings across the country.

The commercial building industry in the United States is anticipated to grow by 0.9 per cent in 2020 and 1.5 per cent in 2021, according to a poll done by the American Institute of Architects. In 2020 and 2021, construction activities in the healthcare sector are expected to rise at a pace of 3.5 per cent and 3.4 per cent, respectively. The study also predicted a 0.5 per cent increase in office space in 2020, followed by a 3 per cent increase in 2021.

Autoclaved Aerated Concrete (AAC) Market Trends, Drivers, Restraints, and Opportunities

• Properties such as excellent fire resistance, lightweight, and high thermal insulation are expected to boost the market growth in the coming years.

• Increasing factors like fire resistance in AAC is projected to fuel market expansion during the forecast period.

• Characteristics like overall building costs can be reduced, fueling the growth of the autoclaved aerated concrete (AAC) market.

• Following the lockdown and restoration of corporate activities, the market may face a loss of investment plans and the cancellation of planned projects, impacting building and construction across the area.

• Cost of producing an AAC block is greater than that of traditional cement or burned clay blocks, which is projected to slow market development during the projection period.

Scope of Autoclaved Aerated Concrete (AAC) Report

The report on the global autoclaved aerated concrete (AAC) market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Autoclaved Aerated Concrete (AAC) Market Segment Insights

Block segment is projected to account for a major market share

On the basis of types, the autoclaved aerated concrete (AAC) market is bifurcated into block, lintel, panel, tile, and other types. The block segment is expected to account for a key share of the market during the forecast period due to the need for AAC blocks in both residential and non-residential businesses that are driving this industry.

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Residential segment is expected to expand at a significant pace

in terms of applications, the autoclaved aerated concrete (AAC) market is segmented into residential, industrial, commercial, and other applications. The residential segment is expected to account for a key share of the market in the coming years due to the need for lightweight and ecologically friendly building materials in residential construction. Due to its endurance and great characteristics, AAC building materials have become an important element of the building and construction sector.

Asia Pacific is anticipated to dominate the market

On the basis of regions, the autoclaved aerated concrete (AAC) market is categorized) as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to increasing demand from the building sector in countries such as China and India.

Despite efforts to restructure its economy to a more service-oriented shape, the Chinese government announced huge building plans, including plans to relocate 250 million people to new megacities over the next ten years. According to the National Bureau of Statistics, China's residential property industry has been significantly expanding in terms of both sales and investments.

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Segments

The global autoclaved aerated concrete (AAC) market has been segmented on the basis of

Types

• Block
• Lintel
• Panel
• Tile
• Other Types

Applications

• Residential
• Industrial
• Commercial
• Other Applications

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Buildmate Projects Pvt. Ltd. (India)
• Biltech Building Elements Limited (India)
• AKG Gazbeton (Turkey)
• Aercon Florida Llc (US)
• Solbet Sp Z.O.O. (Poland)
• UAL Industries Ltd (India)
• H+H International A/S (Denmark)
• JK Lakshmi Cement (India)
• Xella Group (Germany)
• CSR Ltd. (Australia)
• UltraTech Cement Ltd. (India)
• Quinn Building Products (UK)
• Bauroc International AS (Estonia)
• Wehrhahn GmbH (Germany)

Competitive Landscape

Key players competing in the global autoclaved aerated concrete (AAC) market include Buildmate Projects Pvt. Ltd. (India); Biltech Building Elements Limited (India); AKG Gazbeton (Turkey); Aercon Florida Llc (US); Solbet Sp Z.O.O. (Poland); UAL Industries Ltd (India); H+H International A/S (Denmark); JK Lakshmi Cement (India); Xella Group (Germany); CSR Ltd. (Australia); UltraTech Cement Ltd. (India); Quinn Building Products (UK); Bauroc International AS (Estonia); and Wehrhahn GmbH (Germany).