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AAC Block Market Growth Analysis & Forecast Research Report
Global AAC block market is anticipated to witness exponential growth in the forecast period. Autoclaved aerated concrete (AAC), also termed as autoclaved lightweight concrete (ALC) or autoclaved cellular concrete (ACC) is an eco-friendly green building material. The factors that propel the growth of the market include growing demand for AAC in APAC, being lightweight and cost-effective, emphasis on soundproof and green buildings, and reduced further material use with minimized pollution and waste.
On the other hand, there are factors that may hamper the growth of the market including a smaller number of ACC producers in North America. The market is anticipated to expand at a significant CAGR of 6.48% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
The market could be explored by type, application, end user, and geography. Market could be explored by type as Panels (Wall, Roof, Cladding, Floor), Lintels, Blocks, Tiles, and Others. The “AAC panels” segment led the market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes it offers flexible, fast, and cost-effective building solutions, meeting the requirements of commercial, residential, and industrial segments.
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The key applications that could be explored in the AAC block market include Roof Insulation, Construction Material, Roof Sub Bases, Concrete Pipes, Void Filling, Bridge Sub-Structures, and Others. The “Construction Material” segment led the market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of market includes properties of AAC offers an edge over traditional clay bricks and is extensively helped and established by many nations, has become material of choice as construction material.
The market could be explored based on the end user as Residential Building, Commercial Building, Civil and Others. The “Residential Building” segment led the market in 2016 and will continue to lead in the forecast period. The key factors that may be attributed to the growth of the market includes increasing quality of construction material and residential buildings, decrease ACC material cost and rising demand for green and soundproof residential buildings.
Europe accounted for the major share of the AAC block market in 2014 and will continue to lead in the forecast period. The factors that could be attributed to the growth include greatly to the slow recovery of the European construction segment from the adverse effects, and numerous business incentives accessible by legislative bodies. Europe is followed by the Asia-Pacific region owing to increasing energy consumption, with the growth of commercial segment and visible profits of green buildings, along with perks related to it.
Some of the key players that fuel the growth of the AAC block market comprise Aercon AAC, Xella Group, ACICO, H+H International A/S, Eastland, Masa Group, AKG Gazbeton, Biotech, Hansa Baustoffwerke, Ultratech, DOMAPOR, JK Lakshmi Cement, Schliemann KG, Eco Green, YABALANG Building, Dongying City Franshion. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.
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