At 6.1% CAGR, Autoclaved Aerated Concrete (AAC) Market Size & Share to Surpass USD 30.84 billion by 2029

Exactitude Consultancy Market Research analyses that the Autoclaved Aerated Concrete (AAC) Market will witness a CAGR of 6.1% for the forecast period of 2023-2029 and is likely USD 18.10 billion in 2022 to reach at USD 30.84 billion by 2029.

Autoclaved aerated concrete is a versatile, lightweight construction material as it contains lots of closed air pockets and is usually used as blocks. It is precast concrete made with fine aggregates, cement, and an expanding agent that is responsible for making the mixture like bread dough. Advantages of AAC include thermal insulation & structural capability, design & construction flexibility, increased durability & dimensional stability, excellent fire resistance, high sound reduction, and others. AAC offers thermal and acoustic insulation, providing better safety and lower energy cost of heating or cooling. As AAC can easily cut into any required shape, it is possible virtually to construct an entire house with AAC, including walls, and floors, using reinforced aircrete beams, ceilings, and the roof.

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Market Dynamics

Market Drivers

✦ Growing Urbanization and Need for Faster Construction

Rapid urbanization and increasing demand for cost-effective construction is expected to drive the market. Construction activities are on the surge in developing countries due to which the need for faster construction is increasing. The use of autoclaved aerated concrete blocks allows for much faster construction. The blocks are larger and have fewer joints than non-autoclaved aerated concrete blocks, making them easier to handle and resulting in faster completion times. Aerated concrete blocks are also easier to handle than other types of blocks, and drills and saws can easily cut through them to make them the size and shape needed to fit a specific location.

✦ Cost Savings in Construction with Autoclaved Aerated Concrete

Autoclaved aerated concrete blocks weigh significantly less than traditional concrete blocks; they require less steel and concrete to hold them in place. Using AAC blocks saves up to 20% on steel and concrete reinforcement. This is due to its lightweight characteristic, which reduces the dead load of the building and consequently reduces the need for steel reinforcement by up to 20% when compared to red bricks. Mortar usage is lowered due to the enormous size of AAC Blocks compared to red bricks, which reduces the number of joints by 65% and thus the use of mortar by 60%.

Market Restraint

✦ High Cost of Manufacturing Autoclaved Aerated Concrete

Autoclave aerated concrete requires very expensive equipment, as well as a lot of energy and huge manufacturing facilities. As a result, low-volume block production is not economically viable. This is the most significant disadvantage of autoclaved aerated concrete. Small-scale manufacturers are at a disadvantage in manufacturing AAC blocks, as the profits from the production will be very low, and it will take a lot of time to reach the break-even point of their business. Therefore, these factors can restrain the growth of autoclaved aerated concrete, especially in underdeveloped and developing countries.

✦ Market Opportunities

Government Initiatives Promoting Autoclaved Aerated Concrete

Governments worldwide are promoting the use of AAC blocks for the construction of several housing projects. AAC blocks are eco-friendly due to their non-toxic, recyclable, reusable, and renewable properties, due to which governments are promoting the use of autoclaved aerated concrete.  The Indian government's 'Housing for All by 2024' initiative, as well as projects such as Pradhan Mantri Awas Yojana, Police Housing, Kanya Shiksha Parishar, and others, are major game changers for the industry. Demand for autoclaved aerated concrete is anticipated to increase as regional government projects and the real-estate industry expand.

Prominent Key players of the Autoclaved Aerated Concrete (AAC) Market survey report:

Historical data available in the report elaborates on the development of the Autoclaved Aerated Concrete (AAC) on national, regional and international levels. Market Research Report presents a detailed analysis based on the thorough research of the overall market, particularly on questions that border on the market size, growth scenario, potential opportunities, operation landscape, trend analysis, and competitive analysis. Some Key Competitors of the Market are - Wehrhahn GmbH, ACICO Industries, Masa Group, AERCON AAC, Xella Group, Aircrete Europe B.V., Biltech Building Elements Limited, Broco Industries (Indonesia), JK Lakshmi Cement Ltd., and AERCON AAC.

In December 2021, Thailand-based Siam Cement Group, through its subsidiary SCG International, entered into a joint venture with BigBloc Construction for manufacturing their patented product - ALC Panels - in Gujarat, India.

In June 2022, Xella Group successfully completed sale of its insulation business URSA to Etex in order to simplify its portfolio. This step aims to focus its resources on the development of building materials solutions and aims to strengthen its position as a leading supplier of masonry solutions in Europe.

In July 2022, HIL Ltd. acquired Fast Build Blocks Pvt. Ltd. HIL is estimated to take over the entire manufacturing, distribution, and sales network of autoclaved aerated concrete blocks and would take over the entire liabilities of the target company.

Autoclaved Aerated Concrete (AAC) Market Segmentation:

Autoclaved Aerated Concrete Market by Product, 2023-2029, (USD Million)

» Block, Lintel

» Floor and Roof Panel

» Wall Panel

» Cladding Panel

» Tile

Autoclaved Aerated Concrete Market by Size, 2023-2029, (USD Million)

» Small

» Medium

» Large

Autoclaved Aerated Concrete Market by Application, 2023-2029, (USD Million)

» Building Construction Materials

» Road Construction

» Roof Insulation

» Bridge Sub-Structure

» Void Filling

The regional outlook by revenue covers the countries namely:

✦ North America (United States, Canada and Mexico)

✦ Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

✦ Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

✦ South America (Brazil, Argentina, Colombia, and Rest of South America)

✦ Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

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Key Features of the Autoclaved Aerated Concrete (AAC) Market Report: -

⇨  Analyse competitive developments such as expansions, deployments, new product launches, and market acquisitions.

⇨  Examine the market opportunities for stakeholders by identifying higher growth sections.

⇨  To study and analyse the global Autoclaved Aerated Concrete (AAC) industry status and forecast including key regions.

⇨  An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.

⇨  It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.

⇨  It helps you make strategic business decisions and investment plans.

Competitive Landscape

Competition has been growing for the Autoclaved Aerated Concrete (AAC) industry as the supply and demand has been on an increasing trend sine past decade. This report gives a detailed analysis of the presence of various small, medium and micro enterprises in the industry of numerous scales, their relative sizes, product offerings, and market positions in the pre and post pandemic situations. Additionally, the report provides an overview of the competitor strategy with regards to business and corporate office and functions have been provided. The report also mentions about the operations, technology infrastructure, marketing strategies and financial capabilities. Thus, the report gives a very good understanding of the market to the shareholders and stakeholders from an overall perspective.

Highlight the Following Key Factors:

► Business Description: a particular description of agency operations and enterprise departments.

► Company Strategy: The analyst's precis of the company's commercial enterprise strategy.

► SWOT Analysis: Detailed evaluation of the company's strengths, weaknesses, opportunities, and threats.

► Company History: The development of predominant occasions associated to the company.

► Main merchandise and services: A listing of the company's fundamental products, services, and brands.

► Main Competitors: A listing of the company's fundamental competitors.

► Important places and subsidiaries: The company's major places and subsidiaries' listing and contact information.

► Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.

Table of Contents

Global Autoclaved Aerated Concrete (AAC) Market Research Report 2023-2029

1 Autoclaved Aerated Concrete (AAC) Market Overview

1.1 Product Overview and Scope of Autoclaved Aerated Concrete (AAC)

1.2 Autoclaved Aerated Concrete (AAC) Segment by Type (Product Category)

1.3 Global Autoclaved Aerated Concrete (AAC) market Segment by Application

1.4 Global Autoclaved Aerated Concrete (AAC) Market by Region (2023-2029)

1.4.1 Global Autoclaved Aerated Concrete (AAC) Market Size (Value) and CAGR (%) Comparison by Region (2023-2029)

1.4.2 North America Status and Prospect (2023-2029

1.4.3 Europe Status and Prospect (2023-2029)

1.4.4 China Status and Prospect (2023-2029)

1.4.5 Japan Status and Prospect (2023-2029)

1.4.6 Southeast Asia Status and Prospect (2023-2029)

1.4.7 India Status and Prospect (2023-2029)

1.5 Global Market Size (Value) of Autoclaved Aerated Concrete (AAC) (2023-2029)

1.5.1 Global Autoclaved Aerated Concrete (AAC) Revenue Status and Outlook (2023-2029)

1.5.2 Global Autoclaved Aerated Concrete (AAC) Capacity, Production Status and Outlook (2023-2029)

…

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