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2021

Autoclaved Aerated Concrete (AAC) Market

Autoclaved Aerated Concrete (AAC) Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, End User and Application : Global Opportunity Analysis and Industry Forecast, 2020-2027

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Author's: Tanvi Pednekar | Sonia Mutreja
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The autoclaved aerated concrete (AAC) market size is expected to reach $26,964.5 million in 2027, from $17,142.9 million in 2019, growing at a CAGR of 7.2% from 2020 to 2027. Autoclaved Aerated concrete (AAC), also known as aircrete, foam concrete, autoclaved cellular concrete, autoclaved light-weight concrete, or porous concrete, is a light-weight construction material, which weighs around 1/6th to 1/3rd of conventional concrete. AAC is generally available in form of blocks, panels, lintels, and others. AAC is mainly manufactured using fine aggregate or fly-ash, cement, and an expansion agent, generally aluminum powder. This type of concrete mainly constitutes of around 80% air induced by the expansion agent to reduce the density and overall weight of the product.

The properties of AAC such as high fire resistance, light weight, and high thermal insulation are driving the growth of the global autoclaved aerated concrete (AAC) market. AAC is manufactured using inorganic and non-combustible materials such as cement, fly-ash or fine aggregate, lime, gypsum, and others. This enhances its fire resistance properties. Further, the autoclaving process in manufacturing of AAC products significantly reduce the water content which is added while mixing of the components. This reduces the growth of organic matter such as algae or weed on the component. This further boosts the demand for AAC products, which surges the growth of the autoclaved aerated concrete (AAC) industry. Moreover, the reduction in cost of overall construction by the utilization of AAC components is also likely to drive the growth of autoclaved aerated concrete (AAC) market share. The offsite production of AAC components helps in maintaining the external finish of the block or panels. The exceptional dimensional accuracy and smooth finish reduces the requirement of thick plastering over the AAC component’s surface. In addition, AAC blocks generally have larger sizes than conventional clay bricks. This decreases the overall joints while construction and thereby, results in savings on mortar requirements. Such factors facilitate savings in overall construction costs, which in turn drives the autoclaved aerated concrete (AAC) market growth.

Autoclaved-Aerated-Concrete-(AAC)-Market-2020-2027

However, lack of awareness regarding benefits of AAC components hinders the growth of autoclaved aerated concrete (AAC) market. High dependence on traditional clay fired bricks especially in developing countries restrains the demand of unconventional construction components such as AAC. In addition, the outbreak of the COVID-19 pandemic has halted the production, sales, and supply chains of AAC, owing to the prolonged lockdown in major global countries, including the U.S., Italy, and the UK. This has hampered the growth of the autoclaved aerated concrete (AAC) market significantly within the past few months. 

On the contrary, the requirement of high-quality material for resilient construction is anticipated to provide opportunities for the growth of autoclaved aerated concrete (AAC) market. Further the ease of manufacturing of AAC components can attract new players in the AAC industry.

The global autoclaved aerated concrete (AAC) market is segmented on the basis of product type, end user, application, and region. Depending on product type, the market is classified into blocks, and others. According to end user, it is categorized into residential and non-residential. On the basis of application, it is classified into walls, floors & roofs, and others. 

Autoclaved Aerated Concrete (AAC) Market
By Product Type
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Others segment is projected to grow at a significant CAGR

The global autoclaved aerated concrete (AAC) market  is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, and rest of Europe), Asia-Pacific (China, India, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, however, LAMEA is expected to grow at the fastest rate.

Autoclaved Aerated Concrete (AAC) Market
By End User
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Non-Residential segment is projected to grow at a significant CAGR

Competition Analysis

The key market players profiled in the report include Aercon AAC,     AKG Gazbeton, Bauroc AS, Ballarpur Industries Limited (BILT), HIL Limited, CSR Ltd., Forterra plc, H+H International A/S, JK Laxmi Cement Ltd., and Xella International GmbH.

Autoclaved Aerated Concrete (AAC) Market
By Application
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Walls segment holds dominant position in 2019

Many competitors in the autoclaved aerated concrete (AAC) market have adopted agreement as their key developmental strategy to strengthen their foothold and upgrade their product technologies. For instance, in September 2020, Aircrete Europe based in the Netherlands and the India based Apollo Inffratech Pvt. Ltd. entered into an agreement. Under the agreement, Apollo will represent AAC machinery and technological solutions provided by Aircrete for enhancing the AAC industry in India. This is with respect to the growing demand for prefabricated and environment friendly structures. Moreover, in October 2020, the leading AAC manufacturer Xella Group announced that it utilizes up to 15% of recycled AAC powder for production of new products. It is also testing an alternative product named as Ytong Silent+ in which significant portion of fine aggregate is likely to be replaced by AAC powder.

Autoclaved Aerated Concrete (AAC) Market
By Region
2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific holds a dominant position in 2019 and LAMEA is expected to grow at a highest rate during the forecast period.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging global autoclaved aerated concrete (AAC) market trends and dynamics.  
  • In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027. 
  • Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive autoclaved aerated concrete (AAC) market opportunity analysis of all the countries is also provided in the report.
  • The global autoclaved aerated concrete (AAC) market forecast analysis from 2020 to 2027 is included in the report.
  • Key players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry. 

 

Autoclaved Aerated Concrete (AAC) Market Report Highlights

Aspects Details
Autoclaved Aerated Concrete (AAC) Market By Product Type
By Product Type
  • Blocks
  • Others
Autoclaved Aerated Concrete (AAC) Market By END USER
By END USER
  • Residential
  • Non-residential
Autoclaved Aerated Concrete (AAC) Market By APPLICATION
By APPLICATION
  • Walls
  • Floors & roofs
  • Others
Autoclaved Aerated Concrete (AAC) Market By Region
By Region
  • North America  (US, Canada, Mexico)
  • Europe  (Germany, UK, France, rest of Europe)
  • Asia-Pacific  (China, Japan, India, rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players
Key Market Players

JK LAXMI CEMENT LTD., XELLA INTERNATIONAL GMBH, AKG GAZBETON, CSR LTD., AERCON AAC, BAUROC AS, HIL LIMITED (BIRLA AEROCON), H+H INTERNATIONAL A/S, BALLARPUR INDUSTRIES LIMITED (BILTECH BUILDING ELEMENTS LIMITED), FORTERRA PLC

Analyst Review

China is the largest shareholder of the autoclaved aerated concrete (AAC) industry, owing to the high demand for construction material in the country. In addition, the recognition toward energy conservation and quality maintenance in construction. According to the China Aerated Concrete Association, the building materials industry in China is swiftly developing, owing to the policies and supervision offered by the government. In 2018, 80 new manufacturing facilities for AAC were opened which can boost the production capabilities by 20 million cubic meter during the near future. 

Moreover, the market is likely to expect positive upturn during the forecast period, due to necessity of resilient construction material for the buildings to sustain the rising environmental problems such as floods, forest fires, hurricanes, and others. 

Many competitors in the autoclaved aerated concrete (AAC) market have adopted agreement as their key developmental strategy to strengthen their foothold and upgrade their product technologies. For instance, in September 2020, Aircrete Europe based in the Netherlands and the India based Apollo Inffratech Pvt. Ltd. entered into an agreement. Under the agreement, Apollo will represent AAC machinery and technological solutions provided by Aircrete for enhancing the AAC industry in India. This is with respect to the growing demand for prefabricated and environment friendly structures. Moreover, in October 2020, the leading AAC manufacturer Xella Group announced that it utilizes up to 15% of recycled AAC powder for production of new products. It is also testing an alternative product named as Ytong Silent+ in which significant portion of fine aggregate is likely to be replaced by AAC powder.
 

Author Name(s) : Tanvi Pednekar | Sonia Mutreja
Frequently Asked Questions?

The global autoclaved aerated concrete (AAC) market size was $17,142.8 million in 2019 and is projected to reach $26,964.5 million in 2027, growing at a CAGR of 7.2% from 2020 to 2027.

The forecast period considered for the global autoclaved aerated concrete (AAC) market is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.

The base year considered in the global autoclaved aerated concrete (AAC) market is 2019.

No, the report doesnot provide Value Chain Analysis for the global autoclaved aerated concrete (AAC) market. However, it offers the detailed analysis of key market players in the industry.

On the basis of product type, the blocks is expected to be the most influencing segment growing in the global autoclaved aerated concrete (AAC) market report.

Based on the end-user, in 2019, the residential segment generated the highest revenue, accounting for 61.2% of the market, and is projected to grow at a CAGR of 7.0% from 2020 to 2027.

The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).

The market value of global autoclaved aerated concrete (AAC) market is $16,628.6 million in 2020. The decline is mainly due to the COVID-19 pandemic and the contraction of construction industry.

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Autoclaved Aerated Concrete (AAC) Market

Global Opportunity Analysis and Industry Forecast, 2020-2027