The global autoclaved aerated concrete (AAC) market accounted for a value of USD 16.1 billion in 2019 and is projected to register growth at a CAGR of 5.5.0% during forecast period.
COVID-19 has impacted all the businesses over the globe. The manufacturing facilities have to shut down due to lockdown. The supply chain of raw material and finished products is disrupted due to travel restriction. The demand for the AAC has been declined across end users due to slow market growth of such users. The construction activities were halted. There is a huge decline in construction industry due to spread of corona virus outbreak. The autoclaved aerated concrete market is estimated to witness decline in growth due to COVID-19.
For more details, visit: Global Autoclaved Aerated Concrete Market By Product Type (Beams & Lintels, Floor Elements, Cladding Panels, Roof Panels, Others), By End User (Residential, Non-Residential), By Region–Forecast & Opportunities to 2026
The building and construction segment is rapidly growing across the world especially in the Asia-Pacific region. This segment utilize autoclaved aerated concrete (AAC) widely. The rise in building & construction segment drives growth in autoclaved aerated concrete (AAC) market during forecast period.
On the basis of elements, the autoclaved aerated concrete market is segmented into blocks, beams & lintels, floor elements, wall panels, roof panels, cladding panels and others. The blocks segment is estimated to dominate the AAC market during forecast period. The demand for autoclaved aerated concrete blocks across non-residential and residential industries is very high. This drives growth in blocks segment during forecast period.
On the basis of end-users, the autoclaved aerated concrete market is segmented into residential and non residential. The residential segment is estimated to hold largest market share during forecast period. The demand for lightweight and eco-friendly building materials is rising rapidly in this region. AAC materials are more efficient, durable and have excellent features. They are largely adopted by residential segment and this drives growth in residential segment during forecast period.
Asia-Pacific region is estimated to hold largest market share during forecast period. The urbanization is rising rapidly with the rise in population. The building & construction market is rapidly growing and demand for lightweight construction materials is growing immensely in this region. The production of AAC is also increasing here because of easy raw material availability and cheap labor. Various companies are establishing their facilities in this region and this drives growth in Asia-Pacific region during forecast period.
The key market players of autoclaved aerated concrete market are Buildmate Projects, Biltech Buiding Elements, AKG Gazbeton, Aercon Florida, Solbet SP Z.O.O, Bauroc Intenational, Wehrhahn GmbH, Quinn Building Products, UltraTech Cement Ltd., CSR Ltd., Xella Group, JK Lashmi Cement, H+H International A/S, UAL Industries Ltd, Mepcrete, Kipas, Acico, Brickwell and Masa Group.
- What are the expected industry trends over the next three to five years?
- Which of the autoclaved aerated concrete product type is likely to lead by 2025?
- Which of the end-user segments is expected to have the maximum potential to during the forecast period?
- Which region is going to have the highest smart meters market share by 2025?
- What are different organic and inorganic strategies implemented by companies to gain increased market share?