Global Autoclaved Aerated Concrete Market Insights Forecasts to 2030

• The global autoclaved aerated concrete market was valued at USD 14.7 Billion in 2021.
• The market is growing at a CAGR of 7.2% from 2022 to 2030
• The global autoclaved aerated concrete market is expected to reach USD 27.48 Billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Autoclaved Aerated Concrete Market is expected to reach USD 27.48 Billion by 2030, at a CAGR of 7.2% during the forecast period 2022 to 2030. The autoclaved aerated concrete market has grown due to the increasing construction demands that offer great energy efficiency to buildings and are cost-effective. There are advancements in new technologies to help ease people's autoclaved aerated concrete experience, which is expected to provide growth opportunities for the market during the forecast period.

Market Overview

Autoclaved Aerated Concrete are brittle and porous in nature. It exhibits excellent properties which are responsible for the increased demand for autoclaved aerated concrete blocks, floor elements, lintel etc. in residential and non-residential construction. In residential, commercial, and industrial construction, AAC is used extensively due to its lightweight, durable, high-insulating, and load-bearing properties. In comparison to traditional building materials, autoclaved aerated concrete building material offers significant growth potential and meets the demand for affordable building materials. Due to its low environmental impact and government initiatives to promote green building construction, autoclaved aerated concrete has gained global recognition. The COVID-19 outbreak hindered the growth of the autoclaved aerated concrete market. The restrictions imposed by government officials in response to rising COVID-19 cases have led to the complete shutdown of various sectors, including the autoclaved aerated concrete sector. Due to this, the growth of the market hinders during the pandemic. So many other factors are affecting the market's growth, such as the high cost of raw materials and water retention resulting in block cracks. Moreover, rapid economic growth and increased infrastructure spending provide significant market opportunities for manufacturers of autoclaved aerated concrete. Over the forecast period, environmental sustainability is expected to create significant opportunities for the aerated autoclaved concrete market.

Report Coverage

This research report categorizes the market for global autoclaved aerated concrete based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global autoclaved aerated concrete market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global autoclaved aerated concrete market sub-segments.

Market Dynamics:

• Driver: Rise in Demand

The expansion of the infrastructure sector, the acceleration of urbanisation and industrialization, and the rising demand for lightweight building materials are the main factors anticipated to drive the autoclaved aerated concrete (AAC) market during the forecast period. In addition, expanding construction and redevelopment projects globally, rising interest in green and soundproof buildings, and rising demand for affordable housing are just a few of the factors projected to fuel the expansion of the autoclaved aerated concrete (AAC) market throughout the forecast period.

• Restraint: Rise in Cost

One of the additional factors predicted to restrain the expansion of the autoclaved aerated concrete (AAC) market over the course of the forecast period is the rise in the cost of making an autoclaved aerated concrete block compared to a conventional cement or burned clay block.

• Opportunity: Rise in Industrialization

The global development of the construction industry is the main factor driving demand for building materials. The overall rise in infrastructure-related activities brought on by the significant transition from an agriculture- to an industry-based economy has increased demand for residential, commercial, and industrial construction, which has led to steady growth in the building materials sector.

• Challenge: Environmental Issues

The focus on building projects with high resistance to earthquakes and other natural catastrophes as well as the low market penetration also present significant development possibilities for the autoclaved aerated concrete (AAC) industry in the years to come. However, the products' propensity to fracture may hinder the future expansion of the autoclaved aerated concrete (AAC) industry.

Segmentation Analysis

• In 2021, the blocks segment accounted for the largest share of the market, with 22.3% and a market revenue of 3.27 billion.

Based on the product, the autoclaved aerated concrete market is categorized into floor elements, wall panels, blocks, beam and lintels, cladding panels, roof panels and others. In 2021, the blocks segment accounted for the largest share of the market, with 22.3% and a market revenue of 3.27 billion. In addition to being a primary building material for internal and external construction, aerated autoclaved concrete blocks are an economical and environmentally friendly building material due to which the block segment is in high demand.

• In 2021, the residential segment accounted for the largest share of the market, with 39.6% and a market revenue of 5.82 billion.

Based on the technology, the autoclaved aerated concrete market is categorized into non-residential, residential and others. In 2021, the residential segment accounted for the largest share of the market, with 39.6% and a market revenue of 5.82 billion. The rising demands for increasing the energy efficiency of buildings and the use of eco-friendly material like autoclaved aerated concrete drives the autoclaved aerated market growth. Solvent-based adhesives come in liquid form.

Regional Segment Analysis of the Autoclaved Aerated Concrete Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific emerged as the largest market for the global autoclaved aerated concrete market, with a market share of around 67.60% and 14.7 billion of the market revenue in 2021.

• In 2021, Asia Pacific emerged as the largest market for the global autoclaved aerated concrete market, with a market share of around 36.60% and 14.7 billion of the market revenue. Asia Pacific is expected to be the largest market. Rapid urbanization in the region is responsible for the growth of the autoclaved aerated concrete market.
• Asia Pacific market is expected to grow at the fastest CAGR between 2021 and 2030. The increased construction of non-residential buildings and residential buildings propels the growth of the autoclaved aerated concrete market in the region during the forecast period.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global autoclaved aerated concrete market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• CSR Ltd.
• XELLA International GmbH
• JK Laxmi Cement Ltd
• Tarmac
• ACICO
• SOLBET
• Masa Group
• Buildmate Projects Pvt. Ltd.
• AERCON AAC
• Quinn Building Products
• Biltech Building Elements Limited
• BIGBLOC Construction
• Hil Ltd
• Eastland Building Materials Co
• Bauroc
• H+H International
• AKG Gazbeton
• UtraTech Cement Ltd.
• Cematix
• Brickwell
• Isoltech srl

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In December 2021, The Siam Cement Group in Thailand entered into a joint venture with BigBloc Construction in India to manufacture a patented product called ALC Panels.
• In July 2022, as a result of HIL Ltd.’s acquisition of Fast Build Blocks Pvt Ltd, the company will take over all autoclaved aerated concrete block manufacturing, distribution, and sales functions, as well as the liabilities of the target company.

Market Segment

This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the global autoclaved aerated concrete market based on the below-mentioned segments:

Global Autoclaved Aerated Concrete Market, By Product

• Polyurethane
• Isocyanates
• Urea-formaldehyde
• Phenol-formaldehyde
• Polyvinyl Acetate
• Epoxy
• Others

Global Autoclaved Aerated Concrete Market, By End User

• Non-Residential
• Residential
• Others 

Global Autoclaved Aerated Concrete Market, Regional Analysis

• North America
  • THE US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa