Aerated Autoclaved Concrete (AAC) Market Technological Improvements Steering Growth During 2022-2031

Global Aerated Autoclaved Concrete (AAC) Market Introduction

Autoclaved aerated concrete (AAC), also termed as autoclaved cellular concrete (ACC) or autoclaved lightweight concrete (ALC), is a newly adopted lightweight precast building material. The product has been in use since 1923; however, it has gained popularity in the last few years due to its ability to provide rigid structure, insulation, fire-resistance, and economy of construction. Its products are used as eco-friendly green building materials. AAC is manufactured by using fly ash, which is an unavoidable waste of thermal power plants and is available in abundance.

Properties of AAC, such as eco-friendliness, lightweight, good thermal and fire insulation, sound absorption, and seismic resistance, make it easier and faster to transport, place, and construct infrastructure. Therefore, AAC is being extensively used in construction and building activities and utilized as a building material in all construction-related activities of residential, commercial, and other sectors.

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Increase in Demand for Energy-efficient Building Solutions Boosts AAC Market

Aerated concrete is a currently a highly preferred, sustainable building material and it is gaining traction worldwide. Aerated concrete is a cellular, porous, and ultra-weight concrete product. It weighs as less as one-fifth of ordinary concrete. It offers a unique combination of low weight, strength, and durability as compared to traditional clay bricks and hence, it is preferred more than traditional concrete. The global demand for aerated autoclaved concrete (AAC) market is projected to grow at decent growth rate from 2022 to 2031, due to its increasing adoption in sustainable building and shift toward sustainable sourcing. Increased emphasis on environmental sustainability is expected to create significant opportunity for the aerated autoclaved concrete (AAC) market during the forecast period.

Rise in Industrialization and Rapid Urbanization Augmenting Market

Demand for building materials is primarily driven by expansion of the construction sector globally. Overall increase in construction and infrastructure-related activities due to the major shift from agriculture-based economy to industry-based economy has resulted in rise in demand for residential, commercial, and industrial construction leading to consistent expansion in the building materials industry.

Demand for more sustainable, cost-efficient and energy-efficient building materials that replace traditional concrete is on the rise, owing to the recovery of the economy in Europe, rapid urbanization in countries such as India and China, and increasing disposable income worldwide. Furthermore, macroeconomic factors such as GDP growth in Europe, gradual recovery in construction expenditure across residential and non-residential sectors, and anticipated expansion of the real-estate sector supported by government initiatives of providing affordable housing are expected to drive the AAC market for its desired qualities in sustainable building.

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Potential Growth of AAC as Walling Material

Traditional clay bricks continue to dominate the market share for different walling material. This is attributed to lack of awareness about AAC bricks. Hence, builders, contractors, and construction professionals continue using traditional building materials, which hold significant share of the market. Currently, the market penetration of different types of aerated autoclaved concrete (AAC) products is low; however, this also presents future business opportunities in the aerated autoclaved concrete (AAC) market to boost the use AAC as walling materials.

AAC Offers Significant Opportunity for Affordable Housing

Ever-increasing population in India has made it difficult for people to afford houses at reasonable prices. This prompted the Government of India to introduce policies in favor of those who cannot afford houses. Under one such scheme, 'Pradhan Mantri Awas Yojana', the government aims to construct two crore (20 million) houses in India, in three phases, till 2022.

Demand for affordable housing is expected to remain robust, supported by a growing population, young demographic profile, shift toward nuclear families and rapid urbanization. AAC building material offers significant potential for growth and to cater to the demand for affordable building material, owing to its low cost as compared to traditional building material.

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High Demand for AAC Blocks as Primary Building Material to Propel Market

AAC blocks is a highly attractive segment, and it is expanding at a significant rate. Aerated autoclaved concrete blocks are used as a primary building material for internal as well as external construction applications. Therefore, the blocks segment dominates the market. This trend is expected to continue during the forecast period. The segment accounted for 48.92% share of the global market in 2021. The segment is estimated to grow at an above average CAGR of 7.25% during the forecast period.

After concrete aerated blocks, the panels (especially wall panels) segment held a major share due to their excellent strength, high thermal insulation, and fire resistance. AAC panels including wall, floor, and roof panels have been replacing traditional concrete floor. Panels are successfully being adopted all over the world due to their ability to offer speedy, cost-effective, and sustainable construction.

Rise in Demand for AAC as Residential Construction Material to Fuel Market

The residential sector, because of energy-efficiency standards enforced by government authorities especially in Europe, mandates the use of AAC blocks, which are known for enhancing energy-efficiency in buildings. Various initiatives, such as affordable housing in growing economies such as China and India, and increasing policies to replace traditional material with AAC as a residential construction material significantly boost the demand for AAC across the residential sector. The residential segment accounted for 40.41% share of the global market in 2021. The segment is estimated to grow at an above average CAGR of 7.24% during the forecast period.

Regional Outlook of Global Aerated Autoclaved Concrete (AAC) Market

Demand for AAC across the globe is majorly dominated by Asia Pacific, which held around 48% of the global market in 2021. It is expected to grow at an average CAGR of 7.54% during the forecast period. Asia Pacific, China along with Japan and India is the largest producer and consumer of AAC. There are more than 200 AAC manufacturing facilities in Asia Pacific and more are emerging. Presence of several developing economies in the region is boosting the per capita income, which in turn is driving urbanization and demand for more residential construction. This in turn is increasing the demand for cost-, and energy-efficient building solutions such as AAC.

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Analysis of Key Players in Global Aerated Autoclaved Concrete (AAC) Market

The global AAC market is highly consolidated particularly in Asia Pacific and Europe with the presence of numerous players trying to remain competitive in the rapidly growing market and to cater to the ever-growing demand for aerated autoclaved concrete. To achieve this, aerated autoclaved concrete (AAC) manufacturers focus on various strategies such as expansion of their manufacturing facilities across the globe and increasing their business reach. Key players also focus on vertical integrations across the value chain, mergers and acquisitions, and product innovation in order to lead the global market and remain competitive in the industry over time. Xella Group, H+H International, ACICO, and Bigbloc Construction Limited are the prominent entities operating in the market.

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