Autoclaved Aerated Concrete (AAC) Market Overview
The Global Autoclaved Aerated Concrete (AAC) Market is projected to reach USD 33.64 billion by 2030, growing at a CAGR of 5.99% from its 2023 value of USD 22.38 billion. This growth is driven by the increasing demand for energy-efficient and eco-friendly construction materials, along with rising urbanization and government initiatives to promote affordable housing.
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What is Autoclaved Aerated Concrete (AAC)?
Autoclaved Aerated Concrete (AAC), also known as autoclaved cellular concrete (ACC), is a lightweight, versatile building material widely used for blocks, panels, and tiles. AAC offers several advantages over traditional concrete, such as excellent insulation, fire resistance, and low density. It can withstand shear stress from 8 to 22 psi and has an intensity range of 300 to 900 psi, making it a preferred choice for residential, commercial, and industrial construction.
Key Market Drivers
1. Energy Efficiency and Sustainability
AAC is gaining traction for its energy-efficient properties, consuming 50% less energy than traditional concrete materials. As global demand for sustainable and green construction materials increases, AAC is seen as an ideal solution, especially in residential and affordable housing markets.
2. Rising Demand for Affordable Housing
Countries like India, China, and Vietnam are seeing a boom in affordable housing projects, with AAC being the material of choice due to its lightweight nature and cost-effective construction process. This demand is contributing to the expansion of the AAC market in Asia-Pacific.
3. Increasing Demand in Residential Buildings
The residential building segment held the largest share of the AAC market in 2023, accounting for 46% of total revenue. The demand for soundproof and eco-friendly residential buildings, as well as green construction materials, continues to boost the popularity of AAC.
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Autoclaved Aerated Concrete (AAC) Market Regional Insights
1. Europe: Market Leader
Europe continues to dominate the AAC market, with a steady growth rate of 2% CAGR in the construction sector. AAC has been used extensively in Europe for over 70 years, especially in green building projects. Countries like Germany, France, and Italy are leading the way in adopting AAC for residential, commercial, and infrastructure developments.
2. Asia-Pacific: Fastest Growing Region
The Asia-Pacific region is expected to experience the fastest growth in the AAC market, with countries like India, China, Vietnam, and South Korea driving the demand. Factors like rapid urbanization, rising middle-class purchasing power, and government initiatives for affordable housing are propelling the growth of AAC in this region.
3. North America: A Key Contributor
The North American market is also growing steadily, driven by increasing interest in sustainable building materials. The United States and Canada are focusing on energy-efficient and fire-resistant building materials, which AAC provides.
Recent Developments and Key Players
Mergers & Acquisitions
Xella Group Acquires Aercon AAC: Xella Group, a leading player in the AAC industry, recently acquired Aercon AAC to expand its market presence in North America and Europe. This acquisition strengthens Xella’s portfolio of AAC products, especially in the residential and commercial construction sectors.
Masa Group Joins Forces with Eastland: Masa Group, a leading manufacturer of AAC production plants, has partnered with Eastland to enhance its production capabilities in Asia-Pacific. The collaboration aims to meet the growing demand for AAC blocks in India and China.
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Autoclaved Aerated Concrete (AAC) Market Segmentation
by Product Type
Blocks
Panels
Tiles
Lintels
Others
by Applications
Construction Material
Roof Insulation
Roof Sub Bases
Bridge Sub-Structures
Concrete Pipes
Void Filling
Others
by End-User
Commercial Building
Residential Building
Infrastructure
Others
According to End-User, the Residential Building segment accounted for 46% of the Autoclaved Aerated Concrete (AAC) market’s total revenue in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) throughout the course of the forecast period. By 2023, it is anticipated that affordable housing in India will have grown by US$ 930 billion. Furthermore, Autoclaved Aerated Concrete (AAC) is seeing a boom in the residential market due to the growing demand for environmentally friendly and soundproof residential buildings. Stakeholders will benefit from the report’s coverage of all significant nations as markets for its microanalysis, which will enable them to develop regionally specific strategies.
Autoclaved Aerated Concrete (AAC) Market Key Players
1. Xella Group
2. Aercon AAC
3. H+H International A/S
4. ACICO
5. Masa Group
6. Eastland
7. Biltech
8. AKG Gazbeton
9. Ultratech
10. Hansa Baustoffwerke
11. J K Lakshmi Cement
12. DOMAPOR
13. Eco Green
14. Schlamann KG
15. Dongying City Franshion
16. YABALANG Building
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Key questions answered in the Autoclaved Aerated Concrete (AAC) Market are:
- What is Autoclaved Aerated Concrete (AAC)?
- What is the growth rate of the Autoclaved Aerated Concrete (AAC) Market?
- What are the upcoming opportunities and trends for the Autoclaved Aerated Concrete (AAC) Market?
- What are the different segments of the Autoclaved Aerated Concrete (AAC) Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Autoclaved Aerated Concrete (AAC) Market?
- What segments are covered in the Autoclaved Aerated Concrete (AAC) Market?
- Which are the factors expected to drive the Autoclaved Aerated Concrete (AAC) Market growth?
- What is the CAGR at which the Autoclaved Aerated Concrete (AAC) market will grow during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
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