The global ACC market is expected to gain a significant growth rate of more than 6.5% during the forecast period 2022-2028. Autoclaved Aerated Concrete (AAC) is a non-combustible, lime-based, cementitious building material that is expanding into global markets. As a single-component building material, autoclaved aerated concrete has achieved acceptance in new markets across the globe.
Rapidly growing industrialization and urbanization in developing regions, increasing demand for lightweight construction materials, and growing preferences for green and soundproof buildings are some of the key factors anticipated to drive the demand for autoclaved aerated concrete during the forecast period. Moreover, the overall reduction in construction by utilization of autoclaved aerated concrete components is further expected to drive the demand for autoclaved aerated concrete globally.
Autoclaved Aerated Concrete Blocks Gain Significant Demand as a Primary Building Material
The autoclaved aerated concrete block segment is rapidly growing and is quite appealing. The major building material for both internal and external construction applications is aerated autoclaved concrete blocks. As a result, the blocks segment is anticipated to dominate the global market in the coming years.
Wall panels had a significant share after concrete aerated blocks because of their superior strength, high thermal insulation, and fire resistance. Traditional concrete floors have been replaced with autoclaved aerated concrete panels, including the wall, floor, and roof panels. Due to their ability to provide quick, affordable, and sustainable construction, panels are being successfully adopted all over the world.
Asia Pacific is Anticipated to Dominate the Global Market
Asia Pacific is expected to dominate the global autoclaved aerated concrete market due to the tremendous construction growth in the region. In India, modern-day architecture is truly achieving great heights as the real estate market is also seeing a major leap. The requirements of the building structure are now definitely in accordance with the international flavor. This has propelled the emergence of autoclaved aerated concrete blocks in India.
In Europe, the autoclaved aerated concrete market is expected to gain substantial growth due to major policies and enforcement by governments in Europe to replace traditional materials with sustainable and energy-efficient building materials. In North America, the market is expected to grow considerably. In the US the construction industry is focusing on increasing the adoption of autoclaved aerated concrete. The main reason for the adoption is that autoclaved aerated concrete is 5 times lighter and saves around 30% cost of the overall building construction.
Market Structure and Competitive Landscape
The global autoclaved aerated concrete market is fragmented in nature with the presence of various players in the market. Some of the prominent players operating in the global autoclaved aerated concrete market include Xella Group, H+H International A/S, SOLBET SP, ACICO Industries, Isoltech srl, Broco, Cematix Corporation, Aircrete, Brickwell, AERCON AAC, Laston Italian S.P.A, Ultratech Cement Ltd., Biltech Building Elements Ltd, AKG Gazbeton, and Bulidmate among others. These players adopt various strategies such as partnership and collaboration which directly results in propelling the growth of the global autoclaved aerated concrete market.
- In September 2021, BigBloc construction entered into a partnership with SCG International Co. Ltd. Through this alliance, BigBloc experts created a foundation for its business development in the new product autoclaved aerated concrete
Key Market Segmentation
RationalStat has segmented the global autoclaved aerated concrete market on the basis of type, application, end user, and region.
- By Type
- Block
- Lintel
- Wall Panel
- Floor and Roof Panel
- Cladding Panel
- Others (Tile, etc.)
- By Application
- Building Construction Materials
- Road Construction
- Roof Insulation
- Bridge Sub-Structure
- Others (Void Filling, etc)
- By End Use
- Residential
- Apartments
- Row Houses
- Private Bungalows and Others
- Commercial
- Hotels & Restaurants
- Public Offices
- Hospitals
- Educational Institutions
- Government Offices and Structures
- Malls
- Others Commercial Spaces
- Industrial
- Residential
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid databases including Bloomberg, Factiva, S&P Capital IQ, FactSet, Refinitiv Eikon, ICIS, EUWID, and Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for autoclaved aerated concrete manufacturers, construction industry players, government organizations, regulatory agencies, building material producers and suppliers, and market research firms among others. The report provides an in-depth analysis of market size, consumption patterns, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.
Frequently Asked Questions (FAQs)
The global Autoclaved Aerated Concrete market is expected to grow at a CAGR of over 7% during the forecast period 2022-2028.
The global market for Autoclaved Aerated Concrete is estimated at US$ 12 Billion in 2021.
Asia Pacific is dominating the global Autoclaved Aerated Concrete market in 2021.
Urbanization and Government Investments are the key drivers of the global Autoclaved Aerated Concrete market.
Major companies operating in the global autoclaved aerated concrete market include Xella Group, H+H International A/S, SOLBET SP, ACICO Industries, Isoltech srl, Broco, Cematix Corporation, Aircrete, Brickwell, etc.