USD 10.5 billion
Autoclaved Aerated Concrete (AAC) Market Size, Share, Growth Analysis, By Type(block, lintel, panel, tile), By Application(Commercial, Residential, Industrial, and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2093 |
Region:
Global |
Published Date: March, 2024
Pages:
184
|Tables:
66
|Figures:
75
Autoclaved Aerated Concrete (AAC) Market Insights
Global Autoclaved Aerated Concrete (AAC) Market size was valued at USD 10.5 billion in 2022 and is poised to grow from USD 11.18 billion in 2023 to USD 18.51 billion by 2031, growing at a CAGR of 6.50% during the forecast period (2024-2031).
The global Autoclaved Aerated Concrete (AAC) market is experiencing steady growth as it continues to gain traction in the construction industry. AAC, renowned for its lightweight yet durable properties, has emerged as a preferred choice for sustainable construction practices. Its exceptional thermal insulation capabilities and fire-resistant qualities make it an attractive option for builders worldwide.
In addition to its structural benefits, AAC aligns well with the increasing focus on environmental sustainability, as it utilizes less raw material and energy during production compared to traditional building materials.
Moreover, growing urbanization and the need for energy-efficient structures are driving the demand for AAC in both residential and commercial construction projects. As the construction industry increasingly embraces eco-friendly and energy-efficient solutions, the AAC market is expected to witness further expansion in the coming years.
US Autoclaved Aerated Concrete (AAC) Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
6.50% CAGR
Global Autoclaved aerated concrete (aac) Market ($ Bn)
Country Share for APAC Region (%)
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Autoclaved Aerated Concrete (AAC) Market Segmental Analysis
The global Autoclaved aerated concrete (AAC) market is segmented into three major segments i.e. by Type, Application, region. Based on Type, it is divided into block, lintel, panel, tile, and other types. Based on Application, it is bifurcated as Commercial, Residential, and Industrial and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Autoclaved Aerated Concrete (AAC) Market Analysis by Type
In case of different types, AAC blocks typically dominate the global market. This dominance can be attributed to the versatility and wide range of applications that AAC blocks offer in construction, including walls, partitions, and facades. Their lightweight yet robust nature, along with excellent insulation properties, makes AAC blocks a preferred choice for builders looking for efficient and sustainable construction solutions.
However, AAC panels are the fastest-growing segment in the global Autoclaved Aerated Concrete (AAC) market. This growth is primarily attributed to their versatility and efficiency in construction projects, offering faster installation and enhanced thermal insulation properties. However, market trends can change, so it's advisable to consult the latest market reports for the most up-to-date information on AAC market dynamics.
Autoclaved Aerated Concrete (AAC) Market Analysis by Application
The residential sector stands as the dominating application. This is primarily due to the rising demand for sustainable and energy-efficient construction materials in residential housing projects. AAC's excellent thermal insulation properties and lightweight nature make it an ideal choice for residential buildings, reducing energy consumption and enhancing overall living comfort.
However, the commercial sector is the fastest-growing application segment. The commercial industry is increasingly recognizing AAC's benefits in terms of cost-efficiency and environmental sustainability. Moreover, as regulations for energy-efficient and environmentally friendly construction materials tighten, AAC's adoption in commercial projects is expected to surge further, driving its growth in this segment.
Global Autoclaved aerated concrete (aac) Market by Application
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Autoclaved Aerated Concrete (AAC) Market Regional Insights
Asia Pacific stands out as the dominating region, attributed to rapid urbanization, population growth, and a surge in construction activities in countries like China and India. These nations have a strong demand for sustainable building materials like AAC due to their cost-effectiveness, insulation properties, and eco-friendly characteristics. Additionally, government initiatives to promote energy-efficient construction further fuel the growth of AAC in this region.
However, North America is experiencing rapid growth in the global Autoclaved Aerated Concrete (AAC) market due to several factors. A surge in sustainable construction practices, stringent building regulations emphasizing energy efficiency, and a growing preference for eco-friendly building materials are driving the demand for AAC in this region. Additionally, increased investments in infrastructure development projects further contribute to its strong market growth in North America.
Global Autoclaved aerated concrete (aac) Market by Geography
- Largest
- Fastest
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Autoclaved Aerated Concrete (AAC) Market Dynamics
Autoclaved Aerated Concrete (AAC) Market Drivers
Sustainable Construction Practices
- A major key driver in the global Autoclaved Aerated Concrete (AAC) market is the increasing emphasis on sustainable construction practices. AAC is recognized for its environmentally friendly attributes, including lower energy consumption during production and excellent insulation properties. As sustainability becomes a paramount concern in construction, AAC's eco-friendly characteristics make it a preferred choice, driving its demand worldwide.
Autoclaved Aerated Concrete (AAC) Market Restraints
Regulatory Hurdles
- One major key restraint in the global Autoclaved Aerated Concrete (AAC) market is the complexity and variation in building codes and regulations across different regions. Compliance with these regulations can pose challenges for AAC manufacturers, as they must adapt their products to meet diverse and evolving standards, which can increase production costs and limit market expansion in some areas.
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Autoclaved Aerated Concrete (AAC) Market Competitive Landscape
The global Autoclaved Aerated Concrete (AAC) market is characterized by intense competition among several prominent players. These companies are engaged in continuous innovation and strategic partnerships to expand their product offerings and market reach. Key strategies in this highly competitive landscape include the development of advanced AAC formulations to enhance performance characteristics such as thermal insulation and fire resistance.
Additionally, market participants are actively exploring sustainable production methods and expanding their geographical presence to tap into emerging construction markets. The competition within the global AAC market is expected to remain robust as industry players vie for market share and capitalize on the increasing demand for eco-friendly and energy-efficient building materials worldwide.
Autoclaved Aerated Concrete (AAC) Market Top Player’s Company Profiles
- ACICO Industries (Kuwait)
- AERCON AAC (India)
- Xella Group (Germany)
- Biltech Building Elements Limited (India)
- Broco Industries (Indonesia)
- JK Lakshmi Cement Ltd. (India)
- AERCON AAC (US)
- CSR Hebel (Australia)
- H+H International (Denmark)
- Siporex (Sweden)
- Ultratech Cement Ltd. (India)
- Ecolite (Russia)
- Buildmate Projects Pvt. Ltd. (Singapore)
- Cematrix Corporation (Canada)
- Tarmac Building Products Limited (UK)
- E-Block Cement Ltd. (Nigeria)
- Kuwait AAC Block Factory (Kuwait)
Autoclaved Aerated Concrete (AAC) Market Recent Developments
- January 2022: Xella announced the sale of its insulation business unit URSA to Etex, a global building material manufacturer and pioneer in lightweight construction headquartered in Belgium. The sale includes 13 production sites in Spain, France, Belgium, Italy, Germany, Poland, Slovenia, and Russia.
- February 2022: BigBloc Construction expanded its manufacturing capacity by installing a Greenfield project of AAC blocks in Maharashtra, India.
Autoclaved Aerated Concrete (AAC) Key Market Trends
- Sustainability and Eco-Friendly Practices: A key market trend in the global Autoclaved Aerated Concrete (AAC) market is a growing emphasis on sustainability and eco-friendly construction practices. As environmental concerns escalate, AAC's lightweight composition and energy-efficient manufacturing process align perfectly with the industry's push towards green building solutions. Additionally, AAC's excellent thermal insulation properties contribute to energy conservation in buildings, making it a favored choice in regions where energy efficiency regulations are becoming increasingly stringent. This trend reflects a broader shift in the construction industry towards more environmentally responsible and resource-efficient construction materials.
Autoclaved Aerated Concrete (AAC) Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global Autoclaved aerated concrete (AAC) market analysis, the market is undergoing a transformative shift driven by various compelling factors. One of the primary drivers is the escalating demand for sustainable and environmentally friendly construction materials. AAC stands out in this regard, as it not only boasts remarkable thermal insulation properties but also significantly reduces a structure's carbon footprint, making it a preferred choice in regions where environmental concerns and energy efficiency regulations are paramount.
Furthermore, the versatility of AAC in construction applications, including walls, floors, and roofs, has bolstered its adoption across a wide spectrum of residential and commercial projects. Its lightweight composition not only streamlines construction processes but also reduces structural load, offering cost efficiencies in design and construction.
Additionally, the global construction industry's increasing focus on urbanization and infrastructure development plays a pivotal role in AAC's market dynamics. The need for sustainable building solutions to accommodate rising urban populations has led to a surge in AAC's usage.
Within this competitive landscape, manufacturers are continually innovating, striving to enhance AAC's performance characteristics and production efficiency. Sustainable practices are at the forefront of research and development efforts, as companies explore ways to further reduce environmental impact during the manufacturing process.
As the AAC market continues to expand, its contribution to sustainable construction practices is set to become even more pronounced, reshaping the construction industry towards more eco-conscious and resource-efficient building solutions.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 10.5 billion |
| Market size value in 2031 | USD 18.51 billion |
| Growth Rate | 6.50% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Autoclaved Aerated Concrete (AAC) Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Autoclaved Aerated Concrete (AAC) Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Autoclaved Aerated Concrete (AAC) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Autoclaved Aerated Concrete (AAC) Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Autoclaved Aerated Concrete (AAC) Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Autoclaved Aerated Concrete (AAC) Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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