Autoclaved Aerated Concrete Market Revenue, market Growth, Demand, Analysis And Forecast by 2023

Global autoclaved aerated concrete market is projected to reach $5,721.4 million by 2023. The growth of the market is majorly driven by the increasing urbanization and industrialization along with growth in the infrastructure sector, and increasing focus on green and sound proof buildings.

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the autoclaved aerated concrete market is segmented into construction material, road sub bases, roof insulation, bridge sub-structure, void filling, concrete pipes, and others; ‘others’ include shock and blast mitigation, site reconstruction, anti-corrosion fill, pavement base, and shock absorbing concrete. Of these, construction materials hold the largest share in the autoclaved aerated concrete market, attributed to its high use in the construction of high rise buildings, owing to its superior properties such as better heat prevention, better sound absorption, and lighter quality as compared to traditional concrete.

the autoclaved aerated concrete market is categorized into residential buildings, commercial buildings, infrastructure, and others; ‘others’ include mining, agriculture, and geotechnical. Among these, infrastructure has been the largest contributor in the market, with more than 40.0% revenue share in 2017. Autoclaved aerated concrete is considered ideal for construction of infrastructure such as over-pass, bridges, and tunnels.

APAC contributed the highest revenue to the autoclaved aerated concrete market, valued at more than 33.0%, in 2017. This is attributed to the rapid urbanization in the region, in order to meet the demand of the increasing population. Additionally, the growing need of better infrastructure to improve the quality of lives for people and economic development in the region are driving the market growth in APAC.

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Also, as APAC is focusing to shrink its energy consumption and carbon footprint, top priority has been given to the revamping of the region’s buildings. The government of Asian countries are also promoting the use of environmentally friendly material in the construction of green buildings. For instance, in 2009, the government of Malaysia launched the green building index (GBI).

Some of the major players operating in the global autoclaved aerated concrete market are Isotech Srl, Xella Group, Cematrix, ACICO Industries Company, Broco Group, Aircrete Europe, SOLBET Capital Group, Laston Italiana S.p.A., and Aerix Industries.

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