Views:3 Author:Site Editor Publish Time: 2020-07-23 Origin:Site
The autoclaved aerated concrete market has been segmented based on product and end-use. Based on product, the autoclaved aerated concrete market has been divided into AAC block, wall panel, floor panel, roof panel, cladding panel, and others. In terms of end-use, the autoclaved aerated concrete market has been classified into residential, commercial, and others. Blocks was the dominant product segment of the AAC market in 2018. In terms of revenue, the blocks segment accounted for more than 48% share of the global autoclaved aerated concrete market in 2018. The panel segment is also likely to expand at a significant pace during the forecast period, as panels offer a combination of strength and thermal and acoustic insulation. AAC wall panels are an ideal building solution for large-scale, industrial, and commercial construction.
Residential Sector on Account of Rapid Urbanization Particularly in Emerging Economies is the Dominant End User Segment
In terms of end-use, the residential construction segment dominated the global autoclaved aerated concrete market in 2018. Rise in urbanization, increased purchasing power, growing population, and need for affordable housing are estimated to drive the autoclaved aerated concrete market in developing countries during the forecast period. However, lack of awareness about AAC among construction professionals, builders, developers, and architects is likely to act as a restraint for the global AAC market.
Europe is the Largest Consumer and Producer of AAC
Demand for AAC is high in Europe, followed by Asia Pacific and Middle East & Africa. AAC products have been in use in Europe for more than 70 years. Europe dominated the global autoclaved aerated concrete market in terms of revenue, accounting for more than 34% share of the global market in 2018. This is due to the presence of local AAC manufacturing facilities across Europe, with countries such as Poland, Russia, Germany, and the U.K. dominating the market in the region.
The autoclaved aerated concrete market in Asia Pacific is estimated to expand significantly during the forecast period. This is attributed to a growing population and rapid urbanization, especially in emerging countries such as China and India. Increase in the number of infrastructure and commercial development activities is expected to fuel demand for AAC in Middle East & Africa. The AAC market in North America is expected to expand at a steady pace during the forecast period, due to prevalence of wood-based construction across the region and a limited number of AAC manufacturing facilities. Moreover, government initiatives to promote green building construction and establishment of state councils in various regions by the World Green Building Council (WGBC) are likely to propel the AAC market in North America and Latin America.