The global autoclaved aerated concrete market size is expected to gain momentum owing to its increasing demand for lightweight, energy efficient building material during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Autoclaved Aerated Concrete Market, 2022-2029.” These types of blocks are used extensively due to their capacity to be piled together in a running bond with a thin-bed mortar. The blocks are ideal for high-rise buildings because of their quick and easy installation and great thermal efficiency. For instance, in Dec 2020, Big bloc, a leading building material makers, including autoclaved aerated concrete (AAC) blocks informed the BSE that their facility, M/s Starbigbloc Building Material Private Limited, has successfully completed its expansion ahead of time. The plant is expected to operate at maximum efficiency.
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COVID-19 Impact-
COVID 19 has affected every business in the world, including the building industry, which is one of the most significant end users. Industrial activities, particularly at building sites, manufacturing units, and commercial complexes, were halted to prevent the spread of the coronavirus, resulting in a fall in the construction industry's growth rate.
Segments-
By elements, the market is segmented into blocks, beams & lintels, cladding panels, wall panels, roof panels, floor elements. On the basis of application, the market is segregated into residential and non- residential. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
List of Key Players Profiled in the Global Market for Autoclaved Aerated Concrete:
- Xella Group
- H+H International
- Ultratech Cement
- Aercon AAC
- Eastland Building Materials
What does the Report Offer?
The market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, and applications.
Drivers & Restraints-
Increasing Focus on Development of Public Infrastructure to Stimulate Growth
The growing demand for advanced public infrastructure is expected to boost the global autoclaved aerated concrete market growth during the forecast period. Based on end-user application, the public infrastructure category is predicted to have the biggest revenue share. The need is being boosted by the increasing focus on development in civil infrastructure to provide optimum facilities to the rising population. For instance, in June 2021, in Indian railways, public-private partnerships are critical for infrastructure development. The exponential growth of the population puts a strain on current civic facilities as well as infrastructural investment. It is the government's key priority area as it seeks to accelerate economic growth in the post-COVID-19 future.
REGIONAL INSIGHTS
Increasing Focus on Constructional Activities in Asia-Pacific to Promote Growth
North America is anticipated to showcase considerable growth backed by the increasing demand for lightweight and efficient building materials to comply with eco-friendly norms across the construction sector.
Competitive Landscape-
Manufacturers to Focus on R&D Investments to Offer Advanced Products
The market for autoclaved aerated concrete is fragmented by the presence of major companies focusing on maintaining their presence and gaining a competitive edge over their rivals. Other key players are focusing on subsequent merger and acquisition plans, geographic coverage, research & innovation, and introduction of new products in order to expand and grow their businesses.
Industry Development-
- April 2019: CSR Hebel commenced construction of a USD 75 million AAC production facility, which will treble the company's present capacity. The new plant, which will be located in Somersby, NSW, will help the company meet the growing demand for houses in Australia.
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https://www.fortunebusinessinsights.com/enquiry/queries/autoclaved-aerated-concrete-market-104296
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