AAC Blocks and Panels Market Size, Analysis by Industry Perspective, Comprehensive Analysis, Growth and Forecast 2023-2031

The global AAC blocks and panels market revenue was around US$ 20 billion in 2021 and is estimated to reach US$ 34.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2031.

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Autoclaved Aerated Concrete (AAC) is produced industrially using cement, fly ash, or fine aggregate. The weight of AAC panels and blocks, which ranges from 1/6 to 1/3 of that of conventional concrete, makes them lightweight building materials. Additionally, it goes by the names porous concrete, autoclaved cellular concrete, aircrete, foam concrete, and autoclaved lightweight concrete.

Factors Influencing Market Growth

AAC Blocks are exceptional and distinctive building materials that provide the highest level of flexibility, durability, and usability. These elements will fuel the market.

The expansion in infrastructure projects and construction has raised the demand for commercial, residential, and industrial buildings, which has also contributed to the industry's long-term growth. This factor is estimated to create lucrative opportunities in the market.

Lack of awareness among consumers regarding AAC block quality can constrain market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government and the closure of construction sites, the majority of the migrant and local workers employed at the sites were unable to get to their places of employment. There was a notable decline in the demand for AAC blocks and non-reinforced panels internationally since they are now often employed in construction.

However, the government's large reduction in funding for infrastructure and building projects owing to increased emphasis on boosting the healthcare system had an impact on the sales of AAC blocks and panels. As construction is a volatile enterprise, decreased economic activity is a result of weak demand for industrial, commercial, residential, or renovation projects has impacted the market size.

Regional Insights

Asia-Pacific dominated the market in 2021, and it is anticipated that it will continue to be the fastest-growing sub-segment during the forecast period. The AAC restricts demand in nations like India and China, which are expanding quickly because of increasing demand for a variety of services including entertainment and education. It offers a significant opportunity for facility building. Additionally, these countries' expanding populations have boosted the need for residential construction, which has prompted their governments to start some initiatives to encourage the development of these buildings. These factors drive the market in this region.

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Leading Competitors

The leading competitors in the global AAC blocks and panels market are:
UAL INDUSTRIES LTD
JK Lakshmi Cement Ltd
H+H UK LIMITED
Xella Group
Biltech Building Elements Limited
UltraTech Cement Ltd
AERCON Aac
Wehrhahn GmbH
Akg Gazbeton
Solbet
Others
Segmentation Analysis
The global AAC blocks and panels market segmentation focuses on Product Type, End User, and Region.
Segmentation based on Product Type
Blocks
Panels
Lintels
Others
Segmentation based on End User
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Construction

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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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Table of Content

Chapter 1: Global AAC Blocks and Panels Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global AAC Blocks and Panels market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global AAC Blocks and Panels Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global AAC Blocks and Panels market Size Forecast (2023-2031).

Continue….

Reasons to Buy This Report

(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.

(B) The report offers comprehensive analysis of AAC Blocks and Panels market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.

(C) The research includes segmentation of the AAC Blocks and Panels market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.

(D) Analysis of the AAC Blocks and Panels market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.

(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.

(F) The study helps evaluate AAC Blocks and Panels business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.

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This release was published on openPR.