Autoclaved Aerated Concrete (AAC) Market Size (2024 - 2029)

The Autoclaved Aerated Concrete market is anticipated to experience growth over the forecast period, driven by increasing construction and redevelopment projects globally. Despite the initial negative impact of the COVID-19 pandemic, which halted construction activities in key regions, the market has shown recovery and demand resurgence. While the higher manufacturing costs of AAC blocks compared to traditional materials pose a challenge, the growing emphasis on fire-retardant building materials presents potential opportunities for market expansion.

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Market Size of Autoclaved Aerated Concrete (AAC) Industry

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Autoclaved Aerated Concrete (AAC) Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.05 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

Autoclaved Aerated Concrete (AAC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Autoclaved Aerated Concrete (AAC) Market Analysis

The Autoclaved Aerated Concrete (AAC) Market size is expected to grow from USD 5.26 billion in 2023 to USD 7.05 billion by 2028, at a CAGR of 6.05% during the forecast period (2023-2028).

The COVID-19 pandemic negatively impacted the market. Construction work stopped worldwide, especially in significant construction hubs like China and India. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.

  • Over the short term, the increasing construction and redevelopment projects across the world are some of the factors driving the growth of the market studied.
  • On the flip side, the cost of manufacturing an AAC block is higher than normal cement or burnt clay blocks, which is expected to hinder the growth of the market studied.
  • However, the emphasis on using fire-retardant building materials is expected to provide opportunities for the growth of the market in the future.

Autoclaved Aerated Concrete (AAC) Industry Segmentation

Autoclaved aerated concrete (AAC) is an ultra-light concrete masonry product, weighing as little as one-fifth as much as ordinary concrete due to its distinct cellular structure featuring millions of tiny pockets of trapped air. The market is segmented based on type, application, and geography. The market is segmented by block, lintel, panel, tile, and other types. The market is segmented by application into residential, industrial, commercial, and other applications. The report offers market sizes and forecasts for 24 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD) for all the above segments.

Type
Block
Lintel
Panel
Tile
Other Types
Application
Residential
Industrial
Commercial
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Australia and New Zealand
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
France
United Kingdom
NORDIC Countries
Poland
Czech Republic
Romania
Belgium
Netherlands
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Qatar
Israel
South Africa
Rest of Middle-East and Africa
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Autoclaved Aerated Concrete (AAC) Market Size Summary

The autoclaved aerated concrete (AAC) market is poised for significant growth, driven by increasing construction and redevelopment activities globally. Despite the initial setbacks caused by the COVID-19 pandemic, which halted construction in key regions like China and India, the market has shown resilience and is expected to expand steadily. AAC's properties, such as thermal insulation, energy efficiency, and fire resistance, make it a preferred choice in construction projects. However, the higher manufacturing costs compared to traditional materials like cement or burnt clay blocks pose a challenge to market growth. Nonetheless, the growing emphasis on fire-retardant building materials presents new opportunities for the AAC market.

Regionally, Asia-Pacific dominates the AAC market, with China and India leading due to their robust construction sectors. The United States also contributes significantly, with substantial investments in commercial construction. In Saudi Arabia, ambitious projects like Neom and the Red Sea Project are expected to boost demand for AAC. The United Kingdom's focus on school renovations further supports market growth. In India, government initiatives and infrastructure investments are set to drive demand, while Japan anticipates increased housing starts. The market remains fragmented, with key players like Xella International, H+H, and ACICO Group actively expanding their operations to meet the rising demand.

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Autoclaved Aerated Concrete (AAC) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the Construction Industry

      2. 1.1.2 Increased Emphasis on Green Buildings (LEED Ratings)

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Initial Cost

      2. 1.2.2 Limited Usage in Load Bearing Walls

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Block

      2. 2.1.2 Lintel

      3. 2.1.3 Panel

      4. 2.1.4 Tile

      5. 2.1.5 Other Types

    2. 2.2 Application

      1. 2.2.1 Residential

      2. 2.2.2 Industrial

      3. 2.2.3 Commercial

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Australia and New Zealand

        6. 2.3.1.6 ASEAN Countries

        7. 2.3.1.7 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 France

        3. 2.3.3.3 United Kingdom

        4. 2.3.3.4 NORDIC Countries

        5. 2.3.3.5 Poland

        6. 2.3.3.6 Czech Republic

        7. 2.3.3.7 Romania

        8. 2.3.3.8 Belgium

        9. 2.3.3.9 Netherlands

        10. 2.3.3.10 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Israel

        5. 2.3.5.5 South Africa

        6. 2.3.5.6 Rest of Middle-East and Africa

Autoclaved Aerated Concrete (AAC) Market Size FAQs

The Autoclaved Aerated Concrete (AAC) Market is projected to register a CAGR of 6.05% during the forecast period (2024-2029)

H+H, SOLBET, Tarmac, Xella International and ACICO Group are the major companies operating in the Autoclaved Aerated Concrete (AAC) Market.

Autoclaved Aerated Concrete (AAC) Market Report Snapshots

Autoclaved Aerated Concrete Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)