Views: 6 Author: Site Editor Publish Time: 2017-11-24 Origin: Site
The AAC Panel and AAC Block market in Europe and Asia Pacific is highly competitive owing to the presence of a large number of AAC manufacturers. On the other hand, the North America market features a low level of competition owing to the limited number of players due to subdued demand. Strong regional presence of companies such as Xella Group, H+H International, SOLBET, ACICO, AERCON AAC, and UltraTech Cement Ltd. have allowed them lead the market's competitive scenario.
Some research institution estimates that in terms of revenue, the global market for AAC was valued at US$6.11bn in 2015. The market is expected to exhibit a 7.3% CAGR between 2016 and 2024, owing to which, it will rise to a valuation of US$11.44 bn by 2024. In terms of product variety, the segment of AAC blocks dominated the global market with a 48.78% of the market in 2015. Geographically, Europe dominated, holding more than 34% of the global market in 2015.