Asia-Pacific autoclaved aerated concrete market is anticipated to register a robust CAGR during the forecast period 2024-2028. Free Sample.
Asia-Pacific autoclaved aerated concrete market is anticipated to register a robust CAGR during the forecast period 2024-2028 owing to rising industrialization & population, growing infrastructure investment by various emerging countries, rising government initiatives as well as government investment in the construction sectors.
Autoclaved aerated concrete (AAC) is a precast, lightweight, and foam concrete building material suitable for producing concrete masonry units like blocks. In addition to cement, water, lime, calcined gypsum, quartz sand, and aluminum powder are other ingredients of AAC. AAC offers durability, insulation, and resistance to mold and fire. AAC materials can be painted or coated with a plaster or stucco mixture to shield them from outside influences. Autoclaved aerated concrete can also be used for both interior and exterior construction.
Various governments have invested a lot in infrastructure expansion for the improvements in the economy of the countries across the Asia-Pacific Region. Residential infrastructure and smart cities, particularly metropolitan centres, are also being planned and developed to accommodate the anticipated rise in the urban population for the upcoming years.
In the Asia-Pacific region, China is one of the emerging countries, when compared to others, in terms of growing infrastructural activities across the region. For instance, China is decided to build high-speed and efficient information infrastructure to enhance data perception, transmission, storage, and computing capabilities across the country. Additionally, state council of China announced that China government decided to expand its railway infrastructure by 19,000 kilometres, out of which 12,000 kilometres for high-speed rail.
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Also, the country has decided to build 29 new passenger airports across the country. Furthermore, China government removed caps of loans to finance affordable rental housing & offer a housing solution across the country. Therefore, the market for autoclaved aerated concrete in Asia-Pacific is projected to grow due to expanding infrastructure advancements in the upcoming years across the region.
Autoclaved aerated concrete (AAC) is lighter in weight which can be easier to cut into the required size of the blocks, sheets, and panels as per the market as well as clients demands. The components of AAC facilitate the quicker and easier installation of building structures as compared to the other traditional concrete material, that leads to increase in the construction process. Due to the ease of application, the demand for autoclaved aerated concrete is anticipated to grow during the forecast period.
In the Asia-Pacific region, the autoclaved aerated concrete market is expected to grow in the upcoming year owing to rising investment infrastructure sector, rising population, and increasing urbanization, increasing government initiatives among others. There are various initiatives as well that have led the market of AAC in the upcoming years.
For instance,
The high-speed rail system in China has historically been a significant factor in economic growth and a major area of focus for local government investment. The comprehensive plan contains information on enlarging China’s roadway, passenger airport, and intercity and high-speed rail networks.
China’s State Council issued a guideline on February 9, 2022, seeking regional administrations and business sectors to quicken the development of urban environmental infrastructure. Environmental infrastructure is type of infrastructure that helps to integrate sewage, trash, solid waste, hazardous waste, medical waste treatment and disposal facilities, as well as the necessary monitoring and supervisory capabilities, into a system.
The rising population, enhanced lifestyle, and modern house requirements among others played an important role in rising investment in the construction sector by the government of the Asia-Pacific region. Various countries like China, India, Australia, and New Zealand among others invested millions of dollars in construction activities. For instance,
Social Welfare Infrastructure in China
Therefore, the Asia-Pacific autoclaved aerated concrete market is expected to boost in the forecast period.
Lack of Awareness about the Autoclaved Aerated Concrete
AAC is not a material that is widely used in the construction market due to people not being aware of its advantages. It’s not frequently the first alternative picked by builders or clients who intend to construct their houses and workplaces. This is particularly true in underdeveloped countries where fly ash bricks and regular concrete are the two most common construction materials. In addition, many small builders and end users lack knowledge regarding the benefits of autoclaved aerated concrete in the construction sector. Additionally, the bulk of construction workers in less developed countries is not trained to use AAC. The Asia-Pacific autoclaved aerated concrete market is anticipated to see slow growth due to a lack of skilled workforce in AAC and the dominance of traditional building materials across the country.
Asia-Pacific autoclaved aerated concrete market is divided into product type, end user, and applications. Based on product type, the market is divided into block, lintel, floor elements, roof panel, wall panel, cladding panel, and others. Based on end user, the market is divided into residential, commercial, industrial, and infrastructure. Based on application, the market is divided into construction materials, road construction, roof insulation, bridge sub-structure, void filling, and others. The market analysis also studies the country segmentation among China, Australia, India, Japan, South Korea, New Zealand, Malaysia, Singapore, Indonesia, and Vietnam.
Major market players in the Asia-Pacific autoclaved aerated concrete market are Guangxi Hongfa Heavy Machinery Co. Ltd, Fujian Qunfeng Machinery Co. Ltd, Build mate Projects Pvt Ltd, CSR Limited, Celcrete Cladding Systems NZ Ltd, New Era Block Tile Jsc, JK Lakshmi Cement Ltd, Ambuja Cements Ltd, PT. Broco Pearl Electrical Industry, and HIL Limited.
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Million and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, company share, growth factors, and trends |
Segments covered | Product Type End User Application Country |
Country scope | China, Australia, India, Japan, South Korea, New Zealand, Malaysia, Singapore, Indonesia, and Vietnam. |
Key companies profiled | Guangxi Hongfa Heavy Machinery Co. Ltd, Fujian Qunfeng Machinery Co. Ltd, Build mate Projects Pvt Ltd, CSR Limited, Celcrete Cladding Systems NZ Ltd, New Era Block Tile Jsc, JK Lakshmi Cement Ltd, Ambuja Cements Ltd, PT. Broco Pearl Electrical Industry and HIL Limited. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
In this report, the Asia-Pacific autoclaved aerated concrete market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Asia-Pacific autoclaved aerated concrete market.
Available Customizations:
TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
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1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
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