|09-12-2017 12:33 PM CET - Industry, Real Estate & Construction||
Autoclaved Aerated Concrete (AAC) Market Has Grown Dramatically due to Growing Need for Disaster-Resistant Structures
Press release from: Orbis Research
The global autoclaved aerated concrete (AAC) market was valued at USD 3,375 million in 2015 and is projected to reach USD 5,182.53 million by 2021, at an estimated CAGR of 7.41%, during the forecast period. AAC, a versatile, lightweight construction material, is manufactured from cement, lime, sand (or fly ash), aluminum powder (expansion agent), and anhydrite (or gypsum). It is a low-density concrete that differs from traditional concrete masonry units (CMUs) in the manner that the final product contains no aggregates. AAC is used extensively in the European region for construction activities due to its superior resistance to fire, wind, solar damage, seismic fluctuations, and pests. Moreover, AAC is a green construction material (recyclable and no VOC) and also provides the end-users with substantial water and energy savings.
AAC is primarily used for replacing traditional building materials (CMUs) in repair and new construction activities in various application areas. In this market report, we have considered the following major construction application areas: residential, industrial, commercial, and others. The residential segment accounted for the majority of consumption in the global AAC market in 2015. The market has also been divided by product type into blocks, lintels, panels, tiles, and others. The market in the panels segment has been further sub-segmented into wall, roof, and floor segments. The market for AAC specialty shapes, including U-shaped, tongue and groove, and cored blocks, have also been included while calculating the market size of the blocks product segment.
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This market is driven by a few factors, such as increased emphasis on green buildings (LEED Ratings), use of recycled material for AAC production, and the superior characteristics of AAC, in comparison to traditional building materials. Moreover, growth is also augmented by the growing emphasis on constructing sound-proof buildings in the developed countries. However, this market faces certain drawbacks, primarily the high initial costs associated with using AAC, and the limited number of AAC manufacturing facilities in the United States, which have resulted in the limited adoption of the product in North America.
The global autoclaved aerated concrete (AAC) market, by type, is broadly segmented into blocks, lintels, panels (further segmented into wall floor, roof, and floor), tiles, and others. The panels segment is expected to witness the highest growth rate of 7.56% during the forecast period (2017 - 2022). Additionally, the market has also been segmented by the application (construction), into residential industrial, commercial, and others. Regarding revenue, the residential sector dominated the market in 2015, with a share of 30%.
The market has also been geographically segmented by consumption into Asia-Pacific, North America, Europe, South America, and the Middle-East and Africa. In terms of revenue, in 2015, Europe dominated the global autoclaved aerated concrete (AAC) market with a share of 46.33%; however, Asia-Pacific is expected to grow at a fast pace, at an estimated CAGR of 10.81% during the forecast period.
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Opportunities and Major Players -
The global consumer emphasis on using fire-retardant building materials, increase in AAC usage in India and China, and the growing need for disaster-resistant structures, are expected to offer major growth opportunities for players in the global AAC market.
Some of the major producers in the global AAC market include:
Biltech Building Elements Limited (Avantha)
Key Deliverables in the Study:
Analysis for the global autoclaved aerated concrete market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global autoclaved aerated concrete market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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This release was published on openPR.
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