Press release
Global Autoclaved Aerated Concrete (AAC) Market to Reach USD 31.74 Billion by 2029
Global Autoclaved Aerated Concrete (AAC) Market
The Autoclaved Aerated Concrete (AAC) Market is poised to achieve a valuation of USD 31.74 billion by 2029, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.99% during the forecast period. This projection underscores the growing significance of AAC in construction applications, fueled by its excellent insulation properties, low density, and energy efficiency.
Market Overview:
In 2022, the Autoclaved Aerated Concrete (AAC) market was valued at USD 21.12 billion, with an anticipated surge to USD 31.74 billion by 2029. AAC, also known as autoclaved cellular concrete (ACC), is a lightweight building material renowned for its versatility. Widely used in the form of blocks, AAC offers superior insulation and low-density properties compared to traditional dense concrete. With shear stress resistance ranging from 8 to 22 psi and an intensity of 300 to 900 psi, AAC provides an excellent choice for construction.
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Market Dynamics:
AAC has gained significant popularity owing to its unique properties, including insulation, fire resistance, low density, structural rigidity, and cost-effectiveness. Developers and contractors prefer AAC as an energy-efficient and lightweight material for construction purposes. AAC is recognized for consuming approximately 50% less energy than other concrete building materials, contributing to its eco-friendly profile. Despite its advantages, challenges such as the high initial cost of production, limited shear strength compared to conventional materials, and constraints in manufacturing facilities hamper the global AAC market's growth.
Autoclaved Aerated Concrete (AAC) Market Regional Insights
The Autoclaved Aerated Concrete (AAC) market study includes company profiles from various regions, as well as information on their business strategies and statistics. The regions are North America, Europe, Asia Pacific, Middle East and Africa and South America.
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Autoclaved Aerated Concrete (AAC) Market Segmentation
During the projected period, the Autoclaved Aerated Concrete (AAC) market is dominated by an early-loss sector based on end-of-life. This rise is ascribed to improper mounting structure and solar system installation, as well as midlife problems brought on by the deterioration of the glass's anti-reflective coating.
End-User Segment:
The Residential Building segment dominated the AAC market in 2022, contributing 46% to the total revenue. The surge in affordable housing in India, coupled with the increasing demand for sound-proof and green residential buildings, presents lucrative opportunities for AAC in the residential market.
Application Segment:
Construction Material holds the largest share (xx%) of the market in 2022 and is expected to maintain its dominance throughout the forecast period. The growing development in construction and the widespread adoption of AAC over traditional bricks contribute to its material of choice in the market.
Regional Insights:
Europe:
Europe is poised to dominate the AAC market, exhibiting a CAGR of xx% during the forecast period. With a 70-year history of AAC usage, the material is experiencing a steady growth rate of 2% in the construction industry, as reported by the European Construction Industry Federation (FIEC).
Asia-Pacific:
The Asia-Pacific region is anticipated to witness the second-fastest growth globally, with a projected CAGR of xx%. Factors such as rapid urbanization, rising purchasing power, increasing population, and government initiatives for affordable housing are driving AAC demand in emerging economies like India, China, and South Korea.
Autoclaved Aerated Concrete (AAC) Market Key Players
• Xella Group
• Aercon AAC
• H+H International A/S
• ACICO
• Masa Group
• Eastland
• Biltech
• AKG Gazbeton
• Ultratech
• Hansa Baustoffwerke
• J K Lakshmi Cement
• DOMAPOR
• Eco Green
• Schlamann KG
• Dongying City Franshion
• YABALANG Building
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Key questions answered in the Automotive Relay Market are:
What is the expected CAGR of the Autoclaved Aerated Concrete (AAC) market during the forecast period?
What are the global trends in the Autoclaved Aerated Concrete (AAC) Market?
What are the factors driving the Autoclaved Aerated Concrete (AAC) market growth?
What are the major challenges that the Autoclaved Aerated Concrete (AAC) Market could face in the future?
How is the intervention from regulatory authority shaping the Autoclaved Aerated Concrete (AAC) Market?
What growth strategies are the players considering to increase their presence in Autoclaved Aerated Concrete (AAC) Market?
Who held the largest market share in Autoclaved Aerated Concrete (AAC) Market?
Key Offerings:
Market Share and Size
Market Forecast by Revenue | 2023-2029
Market Dynamics - Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation - A detailed analysis of segments and sub-segments
Competitive Landscape - Top Key Vendors and Other Prominent Vendors
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