MARKETS RESEARCH OF AAC

Views:7     Author:Site Editor     Publish Time: 2017-12-28      Origin:Site

MARKETS RESEARCH OF AAC

The autoclaved aerated concrete market in Europe and Asia Pacific is highly competitive owing to the presence of a large number of AAC manufacturers, observes a recent report by Transparency Market Research. 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.

Transparency Market Research estimates that in terms of revenue, the global market for autoclaved aerated concrete (AAC) was valued at US$6.11 bn in 2017. The market is expected to exhibit a 7.3% CAGR between 2018 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 2017. Geographically, Europedominated, holding more than 34% of the global market in 2017.

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