Global Autoclaved Aerated Concrete Market: Overview
Autoclaved aerated concrete (ACC), also called autoclaved cellular concrete, refers to a precast, lightweight concrete building material that has been successfully used across the world for several decades. The inert, nontoxic substance, which is about one-fourth the weight of conventional concrete, has gained popularity as a green construction material in the past few years. Several factors make ACC a green construction material, including its usage of fly ash as the silica-rich element in its composition, which accounts for nearly 60% to 65% of ACC structures by weight. Every year, the power generation industry produces several million tons of fly ash, only a fraction of it can be recycled. The production process of ACC is also highly energy-efficient and pollution free, making the cumulative burden of a new construction project using ACC slightly less taxing to the environment.
ACC is also convenient to work with as it can be drilled, chiseled, sawed, or nailed with the help of conventional carpentry tools, unlike many other concrete materials used in the construction industry.
This report on the global autoclaved aerated concrete market gives thorough insights into the past and present states of the market, and several forward-looking statements pertaining to growth prospects of the market and its segments from 2016 to 2024. The detailed document also provides an extensive overview of the crucial factors affecting the market’s growth prospects, including trends, drivers, and challenges, and an analysis of their impact on market development.
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Global Autoclaved Aerated Concrete Market: Trends and Opportunities
The global autoclaved aerated concrete market is driven by the rapid pace of industrialization, especially across developing economies such as India, China, and Brazil. Rapid urbanization coupled with rising disposable incomes of the population in these regions also augments the global AAC market. The market is also gaining from the increasing number of new construction projects in the past few years.
The material is gaining prominence due to its lightweight form and cost- and energy-efficient features. Conventional construction materials such as clay bricks are a major source of environmental pollution as their production consumes a lot of fertile land for raw material and emits vast quantities of greenhouse gases. Hence, AAC blocks are rapidly replacing clay bricks in new generation environment-friendly construction projects.
Rising disposable incomes, increased affordability of innovative, green projects, and rising environment-related awareness are likely to be the major drivers of the global AAC market during the forecast period. The post-recession recovery in Europe’s construction industry will also present new growth opportunities for the global AAC market.
Autoclaved aerated concrete find major applications in the construction of building sub-structures such as wall panels, lintels, floor and roof panels, road sub bases, concrete pipes, and bridge sub-structures.
Global Autoclaved Aerated Concrete Market: Region-wise Outlook
In order to analyze the global autoclaved aerated concrete market from a geographic standpoint, it has been segmented into North America, Asia Pacific, Europe, and Rest of the World. Europe is the leading consumer of AAC owing to the trending demand for environment-friendly and light weight constructions. AAC accounts for a major share of all new construction projects across the region; however, it has witnessed largely flat market share in the U.S. in the past few years.
In Asia Pacific, demand for energy- and cost-efficient construction projects will lead to increased adoption of ACC in new construction activities. The accelerating construction industry in the region will present excellent growth opportunities in the autoclaved aerated concrete market during the forecast period.
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Global Autoclaved Aerated Concrete Market: Competitive Landscape
The report also provides a thorough overview of the competitive landscape of the global AAC market, furnishing details pertaining to business profiles, finances, recent developments, and revenues of some of the key companies in the market. The most influential companies in the global AAC market are SOLBET Capital Group, Isoltech S.r.l, Aircrete Europe, Aerix Industries, and Xella Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.