Autoclaved Aerated Concrete Market 2016 Trends, Research, Analysis and Review Forecast 2024

Autoclaved Aerated Concrete (AAC) Market -
Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
Global Autoclaved Aerated Concrete Market: Snapshot
The global autoclaved aerated concrete market has gained significant traction in
regions such as Europe and Asia Pacific in the past few years. The unique
combination of low weight, rigidity of construction, durability, cost-effectiveness,
chemical inertness, lower energy cost of heating or cooling, and low negative
impact of environment makes AAC a viable construction material. The material has
started gaining popularity as a sustainable green building material and is expected
to witness a significant rise in demand in the next few years.
Transparency Market Research estimates that the global autoclaved aerated
concrete (AAC) market was valued at US$6.11 bn in 2015 and will rise to US$11.44
bn by 2024, expanding at a promising CAGR of 7.3% between 2016 and 2024.
View Report @ http://www.transparencymarketresearch.com/autoclavedaerated-concrete-market.html
AAC Blocks Emerge as Most Promising Product Segment
Based on product variety, the global AAC market has been examined in the report
for block, wall panel, floor panel, roof panel, and cladding panel. Of these, the
segment of blocks emerged as the dominant product segment in the global market
in 2015. In terms of revenue, the blocks segment accounted for more than 48%
share of the global AAC market in 2015. It is anticipated to be a speedily growing
segment over the forecast period as well, expanding at a CAGR of 7.8% from 2016
to 2024.
The segment of AAC wall panels is also expected to witness significant growth
during the forecast period, owing to excellent combination of strength and thermal
and acoustic insulation that AAC panels offer. AAC wall panel is an impeccable
building solution for large-scale, industrial and commercial construction. The wall
panel segment is projected to expand at a CAGR of 7.2% during the forecast period.
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Europe to Remain Key Growth Destination for AAC Market
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.
Some of the key vendors operating in the global AAC market are Xella Group, H+H
International, SOLBET, ACICO, AERCON AAC, UltraTech Cement Ltd., Biltech Building
Elements Limited, AKG Gazbeton, Bulidmate, Eastland Building Materials Co., Ltd.,
Brickwell, and UAL Industries Ltd.
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