AAC Blocks And Panels Market 2024 Report By Key Companies, Regional Analysis And Forecast 2033

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.

Market Overview -
Autoclaved aerated concrete (AAC) blocks and panels refer to a fresh mixture that rises like bread dough and is made up of fine aggregates, cement, and an expansion agent. This concrete has an air content of 80%. It can be used for building materials including walls, floors, and roofs.

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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

Industry Leaders Drive Advancements With Holcim's Innovative AAC Block Adhesive Solution
Product innovations have emerged as the key trend gaining popularity in the AAC blocks and panels market. Major companies operating in the AAC blocks and panels market are developing innovative products to strengthen their position in the market. For instance, in November 2021, Holcim Group, a Switzerland-based company that manufactures building materials launched an AAC concrete block adhesive for building walls. It can be employed for all varieties of AAC (autoclaved aerated concrete), bricks, and various types of cement blocks available on the market. The adhesive aims to securely link blocks together with high adhesive strength and to build the walls more strongly with fewer materials. The products such as cement, carefully graded fillers, and a specific polymer are used to create it.

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Key Segments -

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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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