Global Autoclaved Aerated Concrete (AAC) Market:
The global autoclaved aerated concrete (AAC) market size reached US$ 21.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.8 Billion by 2032, exhibiting a growth rate (CAGR) of 5.64% during 2024-2032. The extensive use of AAC in the building of both interior and exterior structures in the commercial and residential sectors is stimulating the market.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 21.0 Billion |
Market Forecast in 2032
|
US$ 34.8 Billion |
Market Growth Rate 2024-2032 |
5.64% |
Autoclaved Aerated Concrete (AAC) Market Analysis:
- Major Market Drivers: The growing inclination of end users toward AAC due to its numerous benefits and the rising need for lightweight construction materials are propelling the market.
- Key Market Trends: The shifting preference toward affordable homes and the elevating need for soundproof structures are a few factors contributing to the autoclaved aerated concrete (AAC) market growth.
- Competitive Landscape: Some of the major market companies include Aercon AAC, AKG Gazbeton, Bauroc AS, Biltech Building Elements Limited, Buildmate Projects Pvt. Ltd., CSR Limited, Eastland Building Materials Co. Ltd., H+H International A/S, HIL Limited, JK Lakshmi Cement Ltd., UAL Industries Limited, UltraTech Cement Ltd. (Aditya Birla Group), and Xella Group, among many others.
- Geographical Trends: Asia-Pacific is currently dominating the market as a result of the region's significant infrastructural development and rapid urbanization. Additionally, initiatives undertaken by the government to promote green building materials are also helping the market expand.
- Challenges and Opportunities: The high initial production cost due to specific tools and procedures is hampering the market. However, expanding production size and upgrading manufacturing technologies to minimize total costs will continue to catalyze the market over the forecast period.
Autoclaved Aerated Concrete (AAC) Market Trends:
Rising Urbanization and Infrastructure Development
Rapid urbanization, particularly in emerging economies, is driving up consumption of AAC goods. Governments are investing in infrastructure development and inexpensive housing, resulting in an increase in AAC usage due to its low cost, lightweight, and long-lasting building benefits. In March 2024, a Romanian company, DVI Production, began the manufacturing of autoclaved aerated concrete (AAC) blocks under its brand Fortem in the factory it developed in Iernut, Mures county, under approximately €35 Million investment.
Growing Demand for Sustainable Construction
The market is benefiting from the growing emphasis on sustainable construction materials owing to their eco-friendliness, low carbon footprint, and energy-efficient qualities, which correlate with green building efforts and governmental backing in various countries. In April 2024, Max Group entered the green brick business by starting commercial production of AAC blocks and panels. The AAC blocks are prefabricated green-building materials that are among the most eco-friendly substitutes for clay-based bricks.
Increased Need for Disaster-Resilient Building Materials
As the need for safer buildings grows, disaster-resistant materials such as AAC are gaining traction. Their capacity to endure natural disasters such as earthquakes and fires makes them an excellent alternative for assuring long-term safety in residential and commercial buildings. In April 2024, STÄRKEN Philippines, a leading provider of construction solutions, conducted a destructive earthquake test that showcased the strength and resilience of its AAC wall system against powerful seismic forces.
Global Autoclaved Aerated Concrete (AAC) Industry Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with the market forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on type, application, and end user.
Breakup by Type:
- Blocks
- Beams and Lintels
- Cladding Panels
- Roof Panels
- Wall Panels
- Floor Elements
- Others
Currently, blocks hold the largest autoclaved aerated concrete (AAC) market share
The report has provided a detailed breakup and analysis of the market based on the type. This includes blocks, beams and lintels, cladding panels, roof panels, wall panels, floor elements, and others. According to the report, blocks represented the largest market segmentation.
AAC blocks are popular due to their characteristics such as being lightweight and durable and providing great thermal insulation, making them suitable for building. Their ease of handling and quick installation can reduce labor costs, resulting in widespread application in residential, commercial, and industrial projects.
Breakup by Application:
- Construction Materials
- Road Construction
- Roof Insulation
- Bridge Sub-Structure
- Void Filling
- Others
Among these, construction materials hold the largest autoclaved aerated concrete (AAC) market size
The report has provided a detailed breakup and analysis of the market based on the application. This includes construction materials, road construction, roof insulation, bridge sub-structure, void filling, and others. According to the report, construction materials represented the largest market segmentation.
Construction materials dominate the AAC industry, notably for residential and commercial building applications. AAC is used for walls, floors, and roofs since it is lightweight, energy-efficient, and fire-resistant, making it a popular choice for sustainable buildings.
Breakup by End User:
- Residential
- Non-Residential
Currently, residential dominates with the largest autoclaved aerated concrete (AAC) market share
The report has provided a detailed breakup and analysis of the market based on the end user. This includes residential and non-residential. According to the report, residential represented the largest market segmentation.
The residential sector drives major demand for AAC building materials, which are energy-efficient and cost-effective. AAC's lightweight, thermal insulation and fire-resistant qualities make it excellent for building sustainable housing, especially in urbanized areas.
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Asia-Pacific leads in the autoclaved aerated concrete (AAC) market growth
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest autoclaved aerated concrete (AAC) market share.
Asia-Pacific exhibits a clear dominance in the market driven by its industrial growth and rising investments in the construction sector, which are boosting AAC adoption for residential, commercial, and industrial projects. The properties of ACC include its lightweight nature, thermal insulation, and ease of installation.
Competitive Landscape:
The report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:
- Aercon AAC
- AKG Gazbeton
- Bauroc AS
- Biltech Building Elements Limited
- Buildmate Projects Pvt. Ltd.
- CSR Limited
- Eastland Building Materials Co. Ltd.
- H+H International A/S
- HIL Limited
- JK Lakshmi Cement Ltd.
- UAL Industries Limited
- UltraTech Cement Ltd. (Aditya Birla Group)
- Xella Group
(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Autoclaved Aerated Concrete (AAC) Market Recent Developments:
- April 2024: STÄRKEN Philippines, a leading provider of construction solutions, conducted a destructive earthquake test that showcased the strength and resilience of its AAC wall system against powerful seismic forces.
- April 2024: Max Group entered the green brick business by starting commercial production of AAC blocks and panels. The AAC blocks are prefabricated green-building materials that are among the most eco-friendly substitutes for clay-based bricks.
- March 2024: A Romanian company, DVI Production, began the manufacturing of autoclaved aerated concrete (AAC) blocks under its brand Fortem in the factory it developed in Iernut, Mures county, under approximately €35 Million investment.
Autoclaved Aerated Concrete (AAC) Market Report Scope:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
- Type
- Application
- End User
- Region
|
Types Covered |
Blocks, Beams and Lintels, Cladding Panels, Roof Panels, Wall Panels, Floor Elements, Others |
Applications Covered |
Construction Materials, Road Construction, Roof Insulation, Bridge Sub-Structure, Void Filling, Others |
End Users Covered |
Residential, Non-Residential |
Regions Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Aercon AAC, AKG Gazbeton, Bauroc AS, Biltech Building Elements Limited, Buildmate Projects Pvt. Ltd., CSR Limited, Eastland Building Materials Co. Ltd., H+H International A/S, HIL Limited, JK Lakshmi Cement Ltd., UAL Industries Limited, UltraTech Cement Ltd. (Aditya Birla Group), Xella Group, etc. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the autoclaved aerated concrete (AAC) market from 2018-2032.
- The research report provides the latest information on the market drivers, challenges, and opportunities in the global autoclaved aerated concrete (AAC) market.
- The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
- Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the autoclaved aerated concrete (AAC) industry and its attractiveness.
- The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.