Views: 18 Author: Site Editor Publish Time: 2018-01-16 Origin: Site
The global autoclaved aerated concrete market is expected to grow at a CAGR of 7.9% during 2017 – 2023 to reach USD 9,055.49 Million by 2023. Factors propelling the growth of autoclaved aerated concrete market include increased emphasis on green and sound proof buildings, light weight of material and cost-effective building solution, and reduced additional material use with minimized waste and pollution. The report segments the autoclaved aerated concrete market by Type (Blocks, Panels, Tiles, Lintels, and Others), by Application (Construction Material, Roof Insulation, Roof Sub Bases, Bridge Sub-Structures, Concrete Pipes, Void Filling, and Others) by End-User (Commercial Building, Residential Building, Infrastructure and Others), and by Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report studies the global autoclaved aerated concrete market over the forecast period (2017-2023).
Key Findings of the Global Autoclaved Aerated Concrete (AAC) Market
On the basis of type, AAC blocks segment was dominating the autoclaved aerated concrete market, in 2016. Demand for AAC panels type is anticipated to grow significantly in the coming years and is expected to register the highest CAGR, during the forecast period. The AAC panels provides fast, flexible, and cost-effective building solutions, meeting the requirements of residential, commercial and industrial sectors are the factors expected to boost the growth of global autoclaved aerated concrete market.
On the basis of application, construction material segment was holding the largest share of autoclaved aerated concrete market in terms of both value and volume, in 2016 and is forecasted to dominate the autoclaved aerated market, throughout the forecast period. The properties of AAC provides an edge over traditional clay bricks and is widely promoted and developed by many countries, has become material of choice as construction material.
Bridge sub-structure application of autoclaved aerated concrete is anticipated to be the fastest growing application segment of global autoclaved aerated market in terms of both value and volume, during the forecast period. The growth of AAC application in bridge sub-structure segment is attributed to its popularity in European countries.
On the basis of end-user, the infrastructure segment was holding the largest share of global autoclaved aerated concrete market, in 2016 and is expected to sustain its position, during the forecast period. However, the residential building segment is anticipated to witness the highest growth, during the forecast period. AAC reduces the building cost and increases the quality of the residential building. Additionally, the growing demand for green and sound proof residential building is fostering the demand for AAC in residential buildings.
Geographically, Asia-Pacific region was leading the autoclaved aerated concrete market, in 2016 and is anticipated to be the fastest growing market for autoclaved aerated concrete, over the forecast period. Rise in purchasing power of population, rapid urbanization, increasing population, and government initiatives to provide affordable housing are expected to boost the demand for AAC across emerging economies such as China, India, and South Korea. Key players in the global autoclaved aerated concrete market in China is Eastland Building Materials Co. Ltd.