The report of Autoclaved Aerated Concrete (AAC) Market is segmented By Product Type (Blocks, Panels, Tiles, Lintels, Others), Application (Construction Material, Roof Insulation, Roof Sub Bases, Bridge Sub-Structures, Concrete Pipes, Void Filling, Others), End-User (Commercial Building, Residential Building, Infrastructure, Others), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 6685.37 Mn by 2027, at a CAGR of 7.12 % during a forecast period.
The main factor driving the global Autoclaved Aerated Concrete (AAC) is Rapid industrialization & urbanization, especially in emerging countries such as India, China, etc. contribute to the global market growth. AAC is light in weight and energy-efficient and is gaining demand among the consumers. The AAC is used for building structures such as bridge substructures, road, wall panels, roof panels, concrete pipes and floor.
However, lack of awareness and high cost in production is likely to act as a restraint for the growth of global AAC market.
AAC blocks is expected to grow at the highest XX% CAGR during the forecast period.
In terms of type, AAC blocks are segment is expected to dominate the market growth in terms of both volume and value. AAC blocks possess significant benefit such as longevity, excellent insulation and fire-resistant around the world. The demand for panel type AAC is also growing at the highest CAGR, during the forecast period. The AAC panels offer flexible, fast, and economical building solutions, for commercial, residential and industrial sectors and is expected to propel the growth of the global autoclaved aerated concrete market.
Europe is projected to witness the fastest growth during the forecast period.
Geographically, Europe is registered as a dominant market valued at US$ XX Mn in 2019 and is forecasted to reach US$ XX Mn by 2027, growing at a CAGR of XX % during the forecast period. The major factors which are driving the growth of the Autoclaved Aerated Concrete (AAC) are rising application of AAC as the building material in this region and the presence of major producer like Poland, Germany, and the U.K. in the region and is expected to propel the demand for the product over the forecast period.
Asia-Pacific is a witness to have the second-largest market and is forecasted to grow at the fastest rate the especially in emerging economies like India, China and the presence of prominent manufacture with the emerging construction industry.
Key players operating in the Global Autoclaved Aerated Concrete (AAC) Market are Xella Group, Aercon AAC, H+H International A/S, ACICO, Masa Group, Eastland, Biltech, AKG Gazbeton, Ultratech, Hansa Baustoffwerke, J K Lakshmi Cement, DOMAPOR, Eco Green, Schlamann KG, Dongying City Franshion and YABALANG Building.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Autoclaved Aerated Concrete (AAC) Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Autoclaved Aerated Concrete (AAC) Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscapes describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Autoclaved Aerated Concrete (AAC) Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Autoclaved Aerated Concrete (AAC) Market”
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, VadgaonBk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908