Autoclaved Aerated Concrete Industry Insights With Key Company Profiles - Forecast To 2024

Transparency Market Research estimates that in terms of revenue, the global market for autoclaved aerated concrete (AAC) was valued at US$6.11 bn in 2015. The market is expected to exhibit a 7.3% CAGR between 2016 and 2024, owing to which, it will rise to a valuation of US$11.44 bn by 2024. In terms of product variety, the segment of AAC blocks dominated the global market with a 48.78% of the market in 2015. Geographically, Europe dominated, holding more than 34% of the global market in 2015.

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In terms of revenue, Europe dominated the global AAC market, accounting for more than 34.0% of the market share in 2015. This is attributed to wide acceptance of AAC as a building material in the region. It is also due to the fact that Europe is the major producer of AAC with countries such as Poland, Germany, and the U.K. producing a significant volume of the product. In Asia Pacific, emerging economies such as China and India are consuming a high volume of AAC products, chiefly owing to the vast rise in population and rapid rate of urbanization and the resultant rise in the number of building construction projects.

Although the Europe AAC market will continue to be the dominant contributor of revenue to the global AAC market over the forecast period as well, it will lose prominence to the Asia Pacific AAC market in terms of rate of growth. The AAC market in Asia Pacific will exhibit a promising 8.2% CAGR from 2016 through 2024 and capture a significant share of the global market by the end of the forecast period.

Rise in purchasing power of people, accelerated urbanization, growing population, and government efforts to provide affordable housing are anticipated to boost the demand for AAC across developing economies in Asia Pacific and Latin America during the forecast period. The autoclaved aerated concrete market in Middle East & Africa is also likely to witness significant growth during the forecast period, due to a vast rise in infrastructure development projects in the past few years.

The autoclaved aerated concrete market in Europe and Asia Pacific is highly competitive owing to the presence of a large number of AAC manufacturers, observes a recent report by Transparency Market Research. On the other hand, the North America market features a low level of competition owing to the limited number of players due to subdued demand. Strong regional presence of companies such as Xella Group, H+H International, SOLBET, ACICO, AERCON AAC, and UltraTech Cement Ltd. have allowed them lead the market’s competitive scenario.

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