Autoclaved Aerated Concrete (AAC) Market Strategic Partnerships, Top Manufacturers, Latest Trends Forecast & Sluggish Growth Rate Foreseen by 2023-2030
Autoclaved Aerated Concrete (AAC)
Market Overview:
The
Autoclaved
Aerated Concrete (AAC) market is experiencing robust growth, driven by the increasing demand
for sustainable and energy-efficient construction materials. AAC, a lightweight
precast concrete, has gained prominence in the construction industry due to its
excellent thermal insulation properties, low density, and environmentally
friendly characteristics. The market is witnessing a surge in adoption across
residential, commercial, and industrial sectors, as builders and developers
prioritize eco-friendly and high-performance building solutions. Autoclaved
Aerated Concrete (AAC) Market was USD 9,672.81 Million in 2022 It is projected
to reach USD 15,299.40 Million by 2030, indicating a CAGR of 6.2% during the
forecast period.
Market Key Drivers:
The
Autoclaved Aerated Concrete (AAC) market is gaining momentum due to several
driving forces. Foremost among these is the increasing focus on environmentally
friendly construction practices and sustainable building materials, which is
significantly fueling the popularity of AAC. Moreover, the market is benefiting
from stringent regulations that advocate for energy-efficient construction
projects, creating a heightened demand for AAC. The inherent advantages of AAC,
including quicker construction timelines, cost-effectiveness, and enhanced fire
resistance, are pivotal factors contributing to its rapid adoption. The rising
awareness among end-users regarding the long-term economic and environmental
benefits of AAC is expected to play a central role in shaping the trajectory of
the market.
Autoclaved Aerated Concrete (AAC) Market Top Key Players:
·
Aercon
AAC
·
Biltech
Building Elements Limited
·
HIL
Limited, UltraTech Cement Ltd
·
CSR
Hebel Australia, Forterra plc
·
Quinn
Building Products
·
H+H
International
·
JK
Laxmi Cement Ltd
·
Bauroc
AS
·
AKG
Gazbeton
·
Xella
International GmbH
·
Bigbloc
Construction
Market Segmentation:
Autoclaved
Aerated Concrete (AAC) Market can be segmented by Type (Blocks, Lintels, Wall Panel, Roof Panel, Floor Panel, and Cladding
Panel), By Application (Commercial,
Residential, and Industrial)
Regional Analysis:
Asia
Pacific region dominated the Autoclaved
Aerated Concrete (AAC) market
securing the
largest market share valued at USD 3,775.30 million. The forecast predicts a
steady growth with a Compound Annual Growth Rate (CAGR) of 6.5% throughout the
forecast period. The robust expansion is primarily attributed to rapid
urbanization and a growing population in the Asia Pacific region. Notably,
China stands out as a major contributor, holding the largest market share of
29.3% in 2022, as per country-wise distribution. This significant market share
is driven by the country's escalating adoption of environmentally friendly and
lightweight construction materials in the building and construction industry.
The prevalent trend of utilizing Autoclaved Aerated Concrete is thereby
propelling the overall growth of the AAC market in the Asia Pacific region
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