autoclaved aerated concrete (AAC) Market Application, Manufacturers, Type, Regions and Forecast to 2028
Market Size – USD 18.72 Billion in 2020, Market Growth – at a CAGR of 5.3%, Market Trends – Rising focus on infrastructure development in developing economies
The worldwide autoclaved aerated concrete (AAC) market size is expected to reach USD 28.41 Billion at a steady CAGR of 5.3% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth, driven by robust sales of Autoclaved Aerated Concrete (AAC), can be attributed to rising demand for lightweight building and construction materials.
The report further sheds light on the emerging growth opportunities, challenges, market threats, limitations, and factors likely to restrict the growth of the autoclaved aerated concrete (AAC) market. The report further discusses in detail the market in international waters and the emerging trends in those regions. It also offers insights into the competitive landscape, market drivers, industrial scenario, and the latest product and technological developments to offer a comprehensive overview of the autoclaved aerated concrete (AAC) market landscape.
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The key companies studied in the report are:
Key players in the market include Aercon AAC, UAL Industries Ltd., Mannok, H+H International A/S, JK Lakshmi Cement Ltd., Xella Group, Biltech Building Elements Ltd., CSR Ltd., Eastland Building Materials Co. Ltd., and Buildmate Projects Pvt. Ltd.
Some Key Highlights from the Report
· In May 2019, Xella Group signed an agreement with Cementeria Costantinopoli to merge their autoclaved aerated concrete activities in Italy. As per the agreement, Atella's Doc Airconcrete will be merged with Xella Italia.
· Roof panels produced from reinforced AAC units are used to construct roof structures that are supported by masonry walls, as well as concrete, steel, or wood supports. Roof panels are designed on the basis of the requirement of span-load and lighter weight plays a pivotal role in cost cutting and safety, as well need for more investment in load-bearing structures and supports.
· Non-residential buildings such as offices and shared working spaces are being constructed at an increasing rate, especially in developing countries, owing to the emergence of a number of startups and expansion activities by large, medium, and small enterprises. Also, increase in regional and international infrastructure development projects is expected to spur market growth in the coming years.
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Growing demand for lightweight building & construction materials is a significant factor driving global autoclaved aerated concrete market growth
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
Use of autoclaved aerated concrete decreases building dead weight, thereby reducing structural costs for steel and cement by up to 27% and 20% respectively. In addition, lighter weight allows for construction of taller structures. Autoclaved aerated concrete blocks are about three to four times lighter than traditional red bricks, thus allowing for easier and more cost-effective transportation.
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Emergen Research has segmented the global autoclaved aerated concrete market on the basis of product type, application, and region:
· Product Type Outlook (Volume, Thousand Cubic Meters; Revenue, USD Billion; 2018–2028)
o Blocks
o Cladding Panels
o Beams & Lintels
o Wall Panels
o Roof Panels
o Others
· Application Outlook (Volume, Thousand Cubic Meters; Revenue, USD Billion; 2018–2028)
o Residential
o Non-Residential
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