Demand for Autoclaved Aerated Concrete (AAC) Market is anticipated to rise at around 5% CAGR in Canada through 2031
The global
autoclaved aerated concrete (AAC) market, according to Fact.MR, a provider of
market research and competitive intelligence, was estimated to be worth about
US$ 12 billion in 2020 and is anticipated to grow at a CAGR of 6% from 2021 to
2031.
The demand
for materials used in specialised applications in both residential and
commercial settings has increased rapidly with the global escalation of
infrastructure-related activities. The global autoclaved aerated concrete
market is benefiting from the growing emphasis on developing roads,
transportation, healthcare infrastructure, and other public amenities in
developing countries in order to improve the standard of living.
Utilizing
AAC has numerous benefits for the construction sector, including energy
efficiency, skill development, youth employment, and design. Demand
for autoclaved aerated concrete is anticipated to increase over
the coming years as a result of policies implemented by governments of various
nations, such as the EU's goal of reducing building stock energy consumption by
80% by 2050.
Request a sample to get extensive insights
into the Autoclaved Aerated Concrete Market at https://www.factmr.com/connectus/sample?flag=S&rep_id=509
What is the U.S. demand outlook for
autoclaved aerated concrete?
In 2020, the
U.S. market was worth more than $3 billion. The United States is a significant
industrialised country with a variety of large, medium, and small-scale
industries. The nation is renowned for its thriving business sector.
The U.S.
market is expected to continue to grow as a result of rapid urbanisation,
industrial expansion, ongoing developments, and construction projects, among
other important factors. Autoclaved aerated concrete materials are being
produced in greater quantities, according to manufacturers.
Different
strategies are being used by market participants to increase revenue
opportunities. Rapid revenue growth is the reason some major players are
present in the United States. The U.S. ACC market is also expanding as a result
of rising investments in technological advancements made by businesses that
produce AAC.
Key Market Segments in Autoclaved Aerated
Concrete Industry Research
Product
·
ACC Blocks
·
ACC Wall Panels
·
ACC Floor Elements
·
ACC Cladding Panels
·
ACC Lintels
·
Others
·
ACC Beams & Lintels
·
ACC Roof Panels
Application
·
ACC for Residential Construction
·
ACC for Industrial Construction
·
ACC for Commercial Construction
·
ACC for Infrastructure Construction
·
Others (Autoclaved Aerated Concrete in Roof
Insulation)
To learn more about Autoclaved Aerated
Concrete Market, you can get in touch with our Analyst at https://www.factmr.com/connectus/sample?flag=AE&rep_id=509
Competitive Landscape
Producers of
autoclaved aerated concrete are concentrating on diversifying their product
lines of AAC. Additionally, businesses that produce autoclaved aerated concrete
are expanding geographically and increasing their output. Manufacturers of ACC
beams and lintels are also anticipated to increase in number in the upcoming
years.
·
In 2019, LafargeHolcim Ltd. and Oresa Romania
signed a contract for the acquisition of Somaco Prefabricated Group, a Romanian
producer of concrete. LafargeHolcim Ltd. entered the Romanian market through
this acquisition to offer precast concrete and integrated solutions.
·
Aircrete Europe Holding B.V. was purchased by Zhejiang
Yuanzhu Housing Industrialization Co. Ltd. (Dingyuan) in 2019. (Aircrete).
Engineering, procurement, and construction (EPC) services are offered in China
by Dingyuan. With this acquisition, Aircrete joined Dingyuan as a subsidiary,
aiding in the company's European business growth.
·
In 2020, Bigbloc Construction Ltd., a division
of Bigbloc Construction Ltd., announced a 25% increase in the production
capacity of M/s Starbigbloc Building Material Pvt. Ltd.
Key Companies Profiled
·
Xella Group
·
H+H International
·
SOLBET
·
ACICO
·
Isoltech srl
·
Broco
·
Cematix
·
Aircrete
·
Brickwell
·
AERCON AAC
·
Laston Italiana
·
UltraTech Cement Ltd.
·
Biltech Building Elements Limited
·
AKG Gazbeton
·
Bulidmate
Stuck in a neck-to-neck competition with
other brands? Purchase a copy of report on Autoclaved Aerated Concrete Market
at- https://www.factmr.com/checkout/509
How has the demand for autoclaved aerated
concrete been affected by COVID-19?
Every
industry in the world has been hampered by COVID 19, including the construction
sector, which is one of the main consumers of autoclaved aerated concrete.
Industrial activities, particularly those at construction sites, manufacturing
facilities, and commercial complexes were temporarily suspended to stop the
spread of the coronavirus. This resulted in a decrease in the growth rate of
the construction industry, which had a negative impact on the market for AAC
building materials.
Due to prolonged
lockdowns in important nations around the world, including the U.S., Italy, and
the UK, the COVID-19 pandemic halted AAC's production, sales, and supply
chains. This significantly slowed the increase in demand for autoclaved aerated
concrete.
After the
lockdown and return to normal business operations, the market may see the loss
of investment plans and cancellation of scheduled projects, which will have an
even greater impact on building and construction. Construction projects in some
nations were necessary at the same time, such as the building of hospitals in
China and Italy, to meet the sudden increase in demand for hospitals, which had
a positive effect on the demand for autoclaved aerated concrete.
PR Newswire
No comments