Press release
AAC Blocks And Panels Market Size, Business Growth Updates, Trends, Industry Report And Forecast To 2033
AAC Blocks And Panels Market Analysis
The Business Research Company offers in-depth market insights through AAC Blocks And Panels Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The AAC blocks and panels market size has grown strongly in recent years. It will grow from $19.92 billion in 2023 to $21.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to infrastructure development initiatives, building code compliance, material innovations and advancements, focus on fire-resistant materials, construction industry evolution.
The AAC blocks and panels market size is expected to see strong growth in the next few years. It will grow to $28.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to rapid urbanization and infrastructure projects, government regulations on energy efficiency, increasing demand for residential housing, growing commercial construction. Major trends in the forecast period include architectural design flexibility, government support and incentives, preference for green buildings, sustainable building practices.
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Market Segmentation:
The AAC blocks and panels market covered in this report is segmented -
1) By Type: Blocks, Panels, Lintels, Other Types
2) By Size: Small, Medium, Large
3) By End-User: Residential Construction, Commercial Construction, Industrial Construction, Infrastructure Construction
Major Driver - Rising Construction Activities Propel Growth In Aac Blocks And Panels Market
An increase in construction activities is expected to boost the growth of the AAC blocks and panels market going forward. Construction activity refers to any activity that is related to the land, including land-building infrastructure and structures. Building infrastructure and construction of buildings would result in increasing demand for AAC blocks, as they are lightweight, load-bearing, high-insulating, durable building blocks and 3 times lighter when compared to red bricks. For instance, according to Zippia, a US-based job-recruitment company, there was a 4% rise in construction activities from 2020 to 2021 with 1,337,800 additional housing units. Therefore, an increase in construction activities drives the AAC blocks and panels market.
Competitive Landscape:
Major companies operating in the AAC blocks and panels market report are UltraTech Cement Ltd., Ecotrend New Building Materials Development Co. Ltd., CK Birla Group, Tarmac Building Products Limited, Health and Happiness (H&H) International Holdings Ltd, Colonial Sugar Refining Company Limited., Xella International, JK Laxmi Cement, Forterra PLC., UAL Industries Ltd., ACICO Industries Company, Schwenk Building Materials, AKG Gazbeton, BAUROC AS, Magicrete Building Solutions Pvt. Ltd., Hebel, MASA GmbH, Siporex India Pvt Ltd., Biltech Building Elements Ltd., Eco Green Products Pvt Ltd., Wehrhahn GmbH, Buildmate Projects Pvt. Ltd., SOLBET, Aercon AAC, Aircrete Europe, LCC SIP Ltd., AerBlock, Ecolite AAC Blocks, Mepcrete AAC Blocks, Renacon AAC Blocks, Impulse Constrotech Pvt. Ltd., Durox (owned by Tarmac), E-Crete, ECO-CARE Building Products Pvt Ltd., Dr. Fixit (P.I.Dilip Buildcon Ltd.), Brikolite AAC Blocks, Roca India
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Top Trend - Companies Embrace Precision Molding For Innovative Building Solutions
Major companies operating in the AAC (Autoclaved Aerated Concrete) blocks and panels market are developing innovative products with advanced technologies such as precision molding. Precision molding is a type of injection molding that produces highly accurate and repeatable parts with superior surface finishes and tightly controlled material properties. For instance, in 2021, ultrapanel building technologies launched a new range of AAC panels called the ultrapanel cladding system. This system offers a lightweight, easy-to-install, and energy-efficient solution for exterior wall cladding, providing benefits such as reduced construction time, cost-effectiveness, high thermal insulation properties, and durability.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. AAC Blocks And Panels Market Characteristics
3. AAC Blocks And Panels Market Trends And Strategies
4. AAC Blocks And Panels Market - Macro Economic Scenario
5. AAC Blocks And Panels Market Size And Growth
…..
27. AAC Blocks And Panels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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