Autoclaved Aerated Concrete Market Size, Share and Growth Analysis
Autoclaved aerated concrete (AAC) is a light prefabricated material used for construction work. These types of concrete are lightweight, non-toxic and inert, therefore, gained popularity as an eco-friendly building material.
Autoclaved Aerated Concrete Market Size and Growth Rate:
Autoclaved Aerated Concrete Market is projected to reach USD 81.8 billion by 2025 and expected to grow at a CAGR of 8.1% during the forecast period 2017 to 2025.
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Autoclaved Aerated Concrete Market Growth Drivers and Restraints:
Industrialization is the main driver of the autoclaved aerated concrete market, especially in developing countries. The increase in disposable income of the population and urbanization contribute to the growth of the world market. The increase in construction projects has added additional benefits to market growth. As autoclaved aerated concrete is light and energy efficient, it is generating increasing demand among consumers. Terracotta bricks are replaced by autoclaved aerated concrete in the construction sector. Autoclaved aerated concrete is used to construct substructures such as lintels, sub-base roads, bridge substructures, wall panels, floor and roof panels, and concrete pipes.
The high initial cost and low availability of this concrete is the main restriction identified in the autoclaved aerated concrete market. The installation of the capital-intensive manufacturing unit and the need for a large lot is the biggest restriction in the market.
At present, the AAC's market penetration is low, but it also represents an important opportunity for the sector to develop and use this as an innovative green building solution.
Depending on the application, the market is classified as concrete pipes, bridge substructures, road sub-bases, building materials, roof insulation, filling materials, etc. The prominent end-users of the global market are infrastructure, commercial buildings, residential buildings, and others.
Geographical Analysis of Autoclaved Aerated Concrete Market:
Europe dominated the world market for autoclaved aerated concrete in terms of turnover as this kind of concrete is widely accepted as a building material in the region. The main manufacturers of autoclave concrete are Poland, Germany and the United Kingdom. The increase in population and urbanization has led to the growth of construction projects in countries such as India and China that are significantly increasing the autoclaved concrete market in the Asia-Pacific region. Asia Pacific is expected soon to dominate the global market in the coming years. Regions such as Latin America, the Middle East and Africa will also experience significant growth in the world market due to the sharp increase in the number of infrastructure development projects.
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Key Market Players of Autoclaved Aerated Concrete Market:
Laston Italiana S.p.A. et Aerix Industries, Isotech Srl, groupe Xella, groupe Cematrix, la société ACICO Industries, le groupe Broco, Aircrete Europe, le groupe SOLBET Capital, etc., are some of the key market players.
Autoclaved Aerated Concrete Market Key Segmentation:
By Application:
- Construction Material
- Road Sub Bases
- Roof Insulation
- Bridge Sub-Structure
- Void Filling
- Concrete Pipes
By End User:
- Residential Building
- Commercial Building
- Infrastructure
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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