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Autoclaved Aerated Concrete (AAC) Market worth $25.2 billion by 2025 | Key Players include Buildmate Projects, Biltech Building Elements Limited, AKG Gazbeton, Aercon Florida, Solbet Sp
According to recent market research "Autoclaved Aerated Concrete (AAC) Market by Element (Blocks, Beams & Lintels, Cladding Panels, Wall Panels, Roof Panels, Floor Elements), End-use Industry (Residential, Non-Residential), and Region - Global Forecast to 2025", size is projected to grow from USD 18.8 billion in 2020 to USD 25.2 billion by 2025, at a CAGR of 6.0%, during the forecast period.Browse 153 market data Tables and 39 Figures spread through 139 Pages and in-depth TOC on "Autoclaved Aerated Concrete (AAC) Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/autoclaved-aerated-concrete-market-34122462.html
AAC or aircrete is a green precast building material present in the global market for over 70 years and is used extensively in residential and non-residential construction. This eco-friendly building material is made from natural raw materials such as sand (or fly-ash), cement, lime, gypsum, aluminum powder, and water. This mix creates an aerated concrete providing insulation, structure, and fire protection in one lightweight product.
AAC is a well-established building material, which has rapidly gained worldwide market share from conventional building materials because of its superior characteristics. AAC is not only used to construct inner leaves of cavity walls and partitioning walls but also internal, external, and firewalls in both load-bearing and non-load bearing designs. It is known as being efficient for both house construction and commercial & industrial buildings.
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The blocks segment is projected to account for the largest share of the AAC market, by element, during the forecast period.
Blocks for laying in mortar or glue are produced without any reinforcement. They are excellent insulators and help to reduce the cooling or heating cost. These AAC blocks meet all engineering requirements, are lightweight, and can be used for load-bearing and non-load bearing walls. Additionally, they are resistant to earthquakes and fire and are non-combustible. These factors contribute to the growth of the AAC blocks segment.
The residential segment is projected to be the fastest-growing end-use industry in the AAC market during the forecast period.
The high growth of this segment is attributed to the requirement of lightweight and environmentally-friendly building materials in residential constructions. AAC building materials have become an integral part of the building & construction industry due to its durability and excellent features. A unique property of AAC is that it contains water in a crystalline form that acts as a heat sink; when heated, this water produces steam that escapes through AAC’s porous structure without causing surface spalling. Even when AAC is not used as the structural building system, the material is often used as interior fire-separation partitions in apartments, bungalows, and other multi-family dwellings.
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CSR Limited is an established construction company that has established its market presence in Australia and New Zealand. The company runs under four business segments, namely, Building Products, Property, Aluminum, and Viridian. The company produces lightweight systems (which include AAC), insulation, AFS walling system, inclosed facades, bricks, and roofing. The company primarily operates in Australia and distributes its product to some parts of New Zealand.
Established in 1993, BBEL manufactures and markets building materials and has more than 20 years of experience. The company is the largest producer of AAC in India. BBEL holds over 40% market share and has a manufacturing capacity of 1,340,000 cubic meters. Moreover, the company offers concrete material for hospitals, institutional buildings, clubhouses, resorts, hotels, schools, shopping malls, hostels, and residential towers. BBEL serves the public and private sectors in India. AAC is manufactured in about 200 plants in 35 countries and is used extensively in residential, commercial, and industrial buildings.
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