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 2015.
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The market is expected to exhibit a 7.3% CAGR between
2016 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
2015. Geographically, Europe dominated, holding more than 34% of the
global market in 2015.
Reinforcement of Environment Protection Laws
Prompt Construction Companies to Adopt AAC
AAC has gained an increasing level of popularity in
the global market owing to the heightened focus on
environment-friendly construction materials. Production of AAC is
energy-efficient and the material is chemically inert, nontoxic, and
weighs only about one-fourth the weight of conventional concrete.
Owing to these factors, AAC has become one of the primary choices of
the construction industry for developing green building projects. The
low weight of AAC structures leads to a significant reduction on the
materials’ cost of transportation. Moreover, AAC makes excellent
use of fly ash (approximately 60% by weight of a typical AAC
product), many million tons of which are produced every year by the
thermal power generation industry.
Owing to these factors, AAC blocks are increasingly
replacing traditional red bricks across the globe. Compared to the
process of manufacturing of red bricks, which is highly taxing to the
environment as it consumes fertile land and emits greenhouse gases,
AAC has a significantly low level of negative impact on the
environment. The factor is expected to remain one of the key growth
drivers of the global AAC market in the next few years. With
environment protection amendments and rules becoming stricter with
every passing day, AAC will garner a central position in the global
market in the near future.
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High Cost of AAC Products Limits Consumption in
Developing Economies
The selling price of AAC products such as blocks is
relatively much higher as compared to conventional substitutes such
as burnt clay or red bricks. Owing to this, the segment of clay
bricks accounts for over 90% of the overall volume of walling
materials consumed across the globe every year. The consumption of
AAC structures is much higher in developed economies across Europe
and North America as compared to developing ones across Asia Pacific
and Latin America.
In Europe, especially, there are over 100 AAC
manufacturing facilities, which produce around 21
mn cubic meter of AAC every year. AAC accounts for
more than 40% of the construction industry in the U.K. and more than
60% in Germany. In developing economies such as China and India,
which are considered some of the most lucrative countries for the
construction industry in the present scenario, the usage of AAC is
presently low. The consumer in these countries is highly
cost-sensitive. Owing to the fear of losing potential consumers, the
construction industry in these countries shies away from making the
move to this environmentally much viable but also a much costlier
construction material.
However, careful attempts are being made by the
governments in these countries to make the consumer aware about the
need to switch to environment-friendly products and the AAC material
has started gaining pace in response. As a result, the impact of the
high-cost constraint is expected to lower down in the next few years
in Asia Pacific.
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This review of the market is based on a recent market
research report published by Transparency Market Research, titled
“Autoclaved Aerated Concrete (AAC) Market - Global Industry
Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024.”
For the study, the market has been segmented as
follows:
Autoclaved Aerated Concrete (AAC) Market: Product
Analysis
- Block
- Wall Panel
- Floor Panel
- Roof Panel
- Cladding Panel
- Others
Autoclaved Aerated Concrete (AAC) Market: End-use
Analysis
- Residential
- Commercial
- Others
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