Autoclaved Aerated Concrete Market 2024 - Future Trends, Business Strategies, Revenue Value And Forecast By 2033

The autoclaved aerated concrete market size has grown strongly in recent years. It will grow from $15.59 billion in 2023 to $17.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to energy efficiency concerns, rapid economic growth, increased infrastructure spending, growing demand for affordable housing, weight and structural advantages.

The autoclaved aerated concrete market size is expected to see strong growth in the next few years. It will grow to $24.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to increasing adoption of green building standards, rising urbanization, government initiatives for sustainable construction, rising awareness of fire safety, increasing industrialization. Major trends in the forecast period include advancements in autoclaved aerated concrete (aac) technology, aac in prefabricated construction, innovative aac product variations, digitalization in aac manufacturing, aac in high-rise buildings.

Market Overview -
Autoclaved aerated concrete refers to a light porous silicate concrete material in which fly ash is the raw material used for the production of autoclaved aerated concrete, which is a residual product of thermal power plants, consists of fine aggregates, cement, and an expansion ingredient that makes the freshly mixed material rise such as bread dough to provide various benefits for the construction industry, including a unique combination of low weight, rigidity of construction, cost-effectiveness, and durability.

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Green Building Construction Driving Growth In The Autoclaved Aerated Concrete Market
The increasing construction of green buildings is expected to propel the growth of the autoclaved aerated concrete market. Green buildings are more energy-efficient and sustainable so that they have a lower carbon footprint and a minimal impact on the environment. For instance, in October 2022, according to an article published by the US Green Building Council (USGBC), a US-based non-profit organization that promotes sustainability in building design, construction, and operation, over 36,835 projects covering 4.63 billion gross square feet earned Leadership in Energy and Environmental Design (green building) certification until 2021. Moreover, in the first three quarters of 2022, over 5,000 additional projects were certified, with the highest concentration in the United States and Canada (74%), followed by East Asia (9%) and Europe (6%). Therefore, the increasing green building construction is driving the growth of the autoclaved aerated concrete market.

Competitive Landscape -
Major companies operating in the autoclaved aerated concrete market report are Aerated Concrete Industries Company, Aercon Florida LLC, Akg Gazbeton Isletmeleri AS, Bauroc AS, Biltech Building Elements Limited, Brickwell Manufacturing Private Limited, Buildmate Projects Pvt. Ltd., Eastland Building Materials Co. Ltd., Health and Happiness International A/S, JK Lakshmi Cement Ltd., Masa GmbH, Parin Beton Amood Company, UAL Industries Ltd., UltraTech Cement Ltd., Haniel Bau-Industrie GmbH, Solbet Sp. z o. o, Lafarge Tarmac, Xella International GmbH, Eco Green Products Pvt. Ltd., Hyderabad Industries Limited, Renaatus Procon Private Limited, Thomas Armstrong Limited, AerBlock LLC, Aerix Industries Pvt. Ltd., CSR Hebel, DOMAPOR Baustoffwerke Beteiligungsgesellschaft mbH, HESS AAC Systems B. V., KLB Klimaleichtblock GmbH, RPP Group of Companies, Siporex India

Technological Advancement Revolutionize The Autoclaved Aerated Concrete Market
Technological advancement is a key trend gaining popularity in the autoclaved aerated concrete market. Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in March 2022, ACC Limited, an India-based cement manufacturing company, launched ACC Airium, based on insulating technology. ACC Airium is an aerated concrete product that provides insulation to the surface during the construction process and is suitable for homes, offices, and buildings.

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Key Segments -
The autoclaved aerated concrete market covered in this report is segmented -
1) By Type: Block, Lintel, Panel, Other Types
2) By Application: Construction Material, Roof Insulation, Roof Sub Bases, Bridge Sub-Structures, Concrete Pipes, Void Filling, Other Applications
3) By End User: Residential, Non-residential

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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