The global autoclaved aerated concrete (AAC) market was valued at $4,005.9 million in 2017, and is expected to reach $5,721.4 million by 2023, advancing at a CAGR of 6.2%% during the forecast period (2018–2023). The bridge sub-structure application category is witnessing the fastest growth, owing to the increasing preference of lightweight foamed concrete for bridge supports and bridge embankment, particularly in European countries.
The residential buildings category, based on end user, is expected to witness the fastest growth during the forecast period, in terms of volume, in the autoclaved aerated concrete market. This can be ascribed to the rapid increase in number of residential construction projects in developing nations, such as Brazil, India, China, and Thailand. Moreover, government initiatives to provide homes at affordable rate that provide safety from natural calamities have increased the demand for AAC.
Shift in Preference Toward Disaster-Resistant Buildings
Buildings and complexes built previously generally do not have the ability to withstand calamities and natural disasters. In order to protect buildings, the development and adoption of products, such as AAC, are increasing. Autoclaved aerated building blocks are light in weight, owing to which the mass of the structure gets reduced that helps in decreasing the impact of earthquake on the building.
Increasing Focus on Green and Sound Proof Buildings
AAC bricks are manufactured by a steam process, which does not create any pollution, additionally it makes productive use of recycled industrial waste (fly ash). Moreover, AAC has superior sound absorption quality due to its porous structure, thereby helping in blocking high-pitched sounds. Owing to such property, it is vastly used in the construction of schools, hospitals, hotels, and several other buildings. With the rapid growth in the construction sector across developing nations, the demand for AAC is projected to increase during the forecast period.
Segmentation Analysis of Autoclaved Aerated Concrete Market
The bridge sub-structure category is projected to demonstrate the fastest growth during the forecast period in the autoclaved aerated concrete market. This can be ascribed to the fast-paced adoption of AAC as a soil filling for sub-base, bridge supports, and bridge embankment, owing to its lightweight nature.
The infrastructure category held the largest revenue share, of over 43%, in 2017 in the autoclaved aerated concrete market, and it is expected to witness significant growth during the forecast period. This can be attributed to the increasing development of civil infrastructure in order to meet the demand from increasing population. In addition, increase in government expenditure across the globe to expand passenger footfall is expected drive the demand for AAC during the forecast period.
Geographical Analysis of Autoclaved Aerated Concrete Market
Globally, APAC held the largest share in the autoclaved aerated concrete market in 2017. This is ascribed to the increasing construction activities in the region to fulfil the rising housing as well as infrastructure demand from China, India, and Japan. Moreover, with the rapid urbanization, growing population, and government initiatives to provide affordable housing are projected to boost the demand for AAC across the region.
Browse report overview with detailed TOC on "Autoclaved Aerated Concrete Market by Application (Construction Materials, Road Sub Bases, Roof Insulation, Bridge Sub-Structure, Void Filling, Concrete Pipes), by End User (Residential Buildings, Commercial Buildings, Infrastructure), by Geography (U.S., Canada, Mexico, Germany, U.K., Russia, Poland, Romania, China, Japan, India, Brazil, Saudi Arabia, South Africa) – Global Market Size, Share, Development, Growth, and Demand Forecast, 2013–2023" at:https://www.psmarketresearch.com/market-analysis/autoclaved-aerated-concrete-market
Competitive Landscape of Autoclaved Aerated Concrete Market
Leading players operating in the global autoclaved aerated concrete market include Isoltech Srl, Masa GmbH, Xella Group, Wehrhahn GmbH, Broco Industries, Aerix Industries, Fast Build Block Pvt. Ltd, and Aircrete Europe B.V. These players are involved in several strategic developments, in order to gain larger market share. For instance, in November 2017, Aircrete Europe B.V. introduced POROMIX, an additive developed specifically for AAC production. The main function of this new AAC additive is to reduce the amount of water and raw materials required in the AAC production process.