India Autoclaved Aerated Concrete Blocks Market – Trends, Share [Latest] & Forecast

The India Autoclaved Aerated Concrete Blocks market is expected to grow at a robust CAGR during the forecast period 2025-2029. Sample.
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The India Autoclaved Aerated Concrete Blocks market is anticipated to grow at a robust CAGR during the forecast period 2025-2029. Autoclaved Aerated Concrete (AAC) is a precast, lightweight foam concrete building material that is used to create blocks and other concrete masonry components. It is made up of cement, water, lime, calcined gypsum, quartz sand and aluminium powder. AAC offers support, insulation, and mould and fire resistance. To protect against the weather, AAC products can be painted or covered with a stucco or plaster mix. They can also be utilised for both interior and exterior construction.

Rising Infrastructure Development

The Union Governments have made significant investments in infrastructure growth to support their economies and create employment. In order to meet the projected increase in the urban population over the upcoming years, residential infrastructure as well as smart cities, particularly urban centres, are also being planned and built. For instance, in order to address the urban housing shortage among EWS/LIG and MIG categories, including slum dwellers, the union government launched the Pradhan Mantri Awasa Yojana in 2015.

The goal of the programme is to provide all eligible urban households with a pakka house. The budget for the Pradhan Mantri Awas Yojana (PMAY), the government’s main housing programme, has surged from 2016–17 by 280%, rising from USD 2515.32 million in the most recent 2023–24 budget to USD 9550.8 million. There are other programmes including “Housing for All” and the “Smart Cities Mission” for the construction of sustainable infrastructure across the nation. The market for autoclaved aerated concrete blocks in India is projected to grow due to expanding infrastructure in the upcoming years across the country.

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Ease in Application

AAC (autoclaved aerated concrete) is easier to cut into appropriate quantities such blocks, sheets, and panels and is less in weight. Such elements allow the installation of AAC in structures more quickly and easily than conventional concrete, accelerating the building process. Demand for India’s autoclaved aerated concrete blocks is projected to increase due to the simplicity of application of AAC compared to conventional concrete in buildings. Because to its great seismic resistance and small weight, the AAC is particularly well suited for high-rise structures.

Challenges: lack of Awareness

Due to a lack of knowledge about its advantages, AAC is not a material that is widely used in the building sector. Builders and clients who want to build their houses, workplaces, or businesses don’t typically choose it as their first option. This is particularly the case in developing nations where normal concrete and fly ash bricks are the two main building materials. In addition, a lot of small builders and end users are extremely ignorant about the advantages of autoclaved aerated concrete for aesthetic purposes. The majority of the building labour force in underdeveloped nations is also unqualified to use AAC. The India Autoclaved Aerated Concrete Blocks Market is anticipated to see slow growth due to a lack of knowledge about AAC and the dominance of traditional building materials across the country.

Impact of Covid: Declined Demand for Autoclaved Aerated Concrete

COVID-19 has heavily impacted in economy. Several companies also struggled to preserve their financial viability during lockdowns. India’s unemployment rate was reported to be close to 7% as of May 2022. The customer demand for expensive goods decreased as a result of these economic consequences. Due to its greater manufacturing costs, AAC is more expensive than normal concrete. Because of the uncertainties in the economy, many buyers opted for a less expensive alternative to building. Also, the fall in their income during the lockout period forced many private builders to modify their purchase orders, substituting concrete for AAC to lower the cost of building. This had a negative impact on the India Autoclaved Aerated Concrete Blocks Market.

Recent Developments/Government Initiatives:

  • The government’s increasing activities to assist the construction and maintenance of dependable infrastructure are expected to grow the market for Autoclaved Aerated Concrete (ACC) over the projected period, which is expected to raise the demand for ACC blocks in the upcoming years. For instance, a new World Bank research released in November 2022 estimates that India would spend USD 840 billion, or USD 55 billion year, on urban infrastructure over the next 15 years. This is due to the nation’s rapidly expanding urban population. The demand for urban and rural houses is expected to rise in the upcoming years. Therefore, the market for ACC Blocks is anticipated to boost in the forecast period 2025-2029F.
  • In addition, the Union Government increased its 3.3% GDP or USD 120 billion capital investment in infrastructure. This growth is anticipated to significantly improve the infrastructure sector and increase demand for ACC blocks in monuments and construction sites. The union government has also launched a variety of programs, including Homes for All, Made in India, Pradhan Mantri Gati Shakti Master Plan, Pradhan Mantri Awes Yojana, among others, with a focus on the infrastructure sector in both urban and rural regions.
  • In December 2021, India’s Ministry of Road Transport and Highways (MoRTH) announced investments in infrastructure projects totaling USD 92.4 billion. The industry is anticipated to grow as a result of the government’s goal to significantly increase the supply of affordable housing units for low- and middle-income cohorts under the “Housing for All” plan of 2022. Between 2023 and 2026, the construction industry is predicted to grow by 6.2% per year, with funding coming from the “Pradhan Mantri Gati Shakti Master Plan.” The National Infrastructure Pipeline (NIP), whose anticipated cost is USD 1.5 trillion between FY 2020 and FY 2025, also boosts the production of the industry (April 2019 to March 2025).
  • Pradhan Mantri Aawas Yojna – On June 25, 2015, the Government of India started the Pradhan Mantri Awas Yojana – Urban (PMAY-U), a flagship mission that is being carried out by the Ministry of Housing and Urban Affairs (MoHUA).
  • Affordable Rental Housing Complexes – Affordable Rental Housing Complexes (ARHCs), a sub-scheme of Pradhan Mantri Awas Yojana – Urban, have been launched by the Ministry of Housing & Urban Affairs (PMAY-U). This makes it easier for urban migrants and the disadvantaged to find decent, inexpensive rental accommodation close to their places of employment, both in the industrial sector and the informal urban economy.

 

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Global Housing Technology Challenge – India

The Global Housing Technology Challenge – India (GHTC-India), which was started by the Ministry of Housing and Urban Affairs (MoHUA), aims to find and mainstream a variety of cutting-edge construction technologies from around the world for the housing construction sector that are sustainable, eco-friendly, and disaster-resistant.

In Union Budget 2022-2023

  • The government has allocated USD 130.57 billion to improve the infrastructure sector, giving it a significant boost in the infrastructure sector.
  • The National Highway Authority of India received USD 17.24 billion from the government for infrastructure projects across the country.
  • The Union Government had announced that USD 7.72 billion has been allocated to the Ministry of Road Transport and Highways for the enhancement of infrastructure projects across the nation.
  • The government has announced an investment of approximately USD 9.85 billion to the Ministry of Housing and Urban Affairs for projects across the country.
  • The Union government has allocated fund approximately USD 10.87 billion to the Department of Telecommunications to build and improve the nation’s telecom infrastructure across the country.
  • The total revenue expenditure by Railways is projected to be USD 30.48 billion.
  • Within the next three years, 100 PM-GatiShakti Cargo Terminals for multimodal logistics facilities are anticipated to be built.
  • Focus was on the PM GatiShakti – National Master Plan for economic zones’ multimodal connectivity. The PM GatiShakti National Master Plan is expected to integrate everything including from highways to trains, from aviation to agriculture, as well as numerous ministries and departments.
  • As of 22 August 2022, the Pradhan Mantri Awas Yojna (PMAY-Urban) plan has sanctioned 122.69 lakh homes, grounded 103.01 lakh homes, and finished 62.21 lakh homes.

Market Segmentation

India Autoclaved Aerated Concrete Blocks 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 regional segmentation to devise regional market segmentation, divided among North India, South India, West India and East India.

Market Players

Major market players in the India Autoclaved Aerated Concrete Blocks market are JK Lakshmi Cement Ltd, Biltech Building Elements Limited, Magicrete Building Solutions Pvt Ltd, Renaatus Procon Private Limited, Ambuja Cements Ltd, Godrej & Boyce Mfg. Co. Ltd, Aceton Industries Resources Private Limited, Methra Industries India Private Limited, HIL Limited, and Siporex India Private Limited.

Attribute Details
Base Year 2023
Historic Data 2019 – 2022
Estimated Year 2024
Forecast Period 2025 – 2029
Quantitative Units Revenue in USD Million and CAGR for 2019-2023 and 2025-2029
Report coverage Revenue forecast, company share, growth factors, and trends
Segments covered By Product Type

By End User

By Application

By Region

Country scope India
Region scope North India, South India, West India & East India.
Key companies profiled JK Lakshmi Cement Ltd, Biltech Building Elements Limited, Magicrete Building Solutions Pvt Ltd, Renaatus Procon Private Limited, Ambuja Cements Ltd, Godrej & Boyce Mfg. Co. Ltd, Aceton Industries Resources Private Limited, Methra Industries India Private Limited, HIL Limited, and Siporex India Private 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)

Report Scope:

In this report, the India Autoclaved Aerated Concrete Blocks market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  •  India Autoclaved Aerated Concrete Blocks Market, By Product Type:

o   Block

o   Lintel

o   Floor Elements

o   Roof Panel

o   Wall Panel

o   Cladding Panel

o   Others

  •  India Autoclaved Aerated Concrete Blocks Market, By End User:

o   Residential

o   Commercial

o   Industrial

o   Infrastructure

  •  India Autoclaved Aerated Concrete Blocks Market, By Application:

o   Construction Materials

o   Road Construction

o   Roof Insulation

o   Bridge Sub-Structure

o   Void Filling

o   Others

  •  India Autoclaved Aerated Concrete Blocks Market, By Region:

o   North India

o   South India

o   West India

o   East India

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the India Autoclaved Aerated Concrete Blocks 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

  • Detailed analysis and profiling of additional market players (up to five).

 

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Table of Content-India Autoclaved Aerated Concrete Blocks Market 

  1. Product Overview

            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

  1. Research Methodology

            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

  1. Executive Summary
  2. Voice of Customers
  3. India Autoclaved Aerated Concrete Blocks Market Outlook
    • By Value
    • By Product Type (Block, Lintel, Floor Elements, Roof Panel, Wall Panel, Cladding Panel, Others)
    • By End User (Residential, Commercial, Industrial, Infrastructure)
    • By Application (Construction Materials, Road Construction, Roof Insulation, Bridge Sub-Structure, Void Filling, Others)
    • By Region (North India, South India, West India & East India)
    • Market Size & Forecast
    • Market Share & Forecast
    • By Company (2023)
    • Market Map
  4. North India Autoclaved Aerated Concrete Blocks Market Outlook
    • By Value
    • By Product Type
    • By End User
    • By Application
    • Market Size & Forecast
    • Market Share & Forecast
  1. South India Autoclaved Aerated Concrete Blocks Market Outlook
    • By Value
    • By Product Type
    • By End User
    • By Application
    • Market Size & Forecast
    • Market Share & Forecast
  1. West India Autoclaved Aerated Concrete Blocks Market Outlook
    • By Value
    • By Product Type
    • By End User
    • By Application
    • Market Size & Forecast
    • Market Share & Forecast
  1. East India Autoclaved Aerated Concrete Blocks Market Outlook
    • By Value
    • By Product Type
    • By End User
    • By Application
    • Market Size & Forecast
    • Market Share & Forecast

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