Global Autoclaved Aerated Concrete (AAC) Market Expected To Grow At CAGR of 7.9% By 2023: Acumen Research and Consulting
Acumen Research and Consulting, a global provider of market research studies, a recently published report titled Autoclaved Aerated Concrete (AAC) Market(Type: Blocks, Panels, Tiles, Lintels, Others; Application: Construction Material, Roof Insulation, Roof Sub Bases, Bridge Sub-Structures, Concrete Pipes, Void Filling, Others; End-User: Commercial Building, Residential Building, Infrastructure, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast, 2017 - 2023 ", forecasts that the global market for autoclaved aerated concrete (AAC) is expected to grow at a CAGR of 7.9% in terms of revenue from 2017 to 2023 A market-driven approach to the market value of around 15 billion by 2023. Key issues associated with autoclaved aerated concrete (AAC) HOWEVER,
Efficient Solution For Construction
The global automotive industry is experiencing major growth in China and India, resulting in a rising demand for autoclaved aerated concrete (AAC). AAC is required and highly preferred in construction sector with natural calamities, are cost effective, and cost effective. AAC contains basic materials such as sand, cement, ash fly, lime, aluminum powder paste, gypsum, and water. AAC blocks are 3-4 times in the same size as traditional bricks. As AAC materials require lessening the cost of construction cost by 3% -5%. Therefore, there is a cost effective and effective weight, green, soundproof building material.
Lack Of Manufacturing Units in North America
There is a limited number of autoclaved aerated concrete (AAC) manufacturers present in North America, which has reduced the adoption of AAC in the region, as a result of which growth in North America for AACs is restricted. A higher initial cost, which is a huge barrier for adoption of production in this region, is reducing the demand for ACCs and impeding the growth of this market.
AAFC Panels Are Contributing Towards Successive Growth
On the basis of type, the global autoclaved aerated concrete (AAC) market is segmented into open blocks, panels, tiles, lintels, and others. In 2016, based on type, AAC blocks were leading the market of autoclaved aerated concrete. The demand for AAC panels is foreseen to grow significantly in coming years and is anticipated to register the highest CAGR, throughout the forecast period. AAC panels are delivering the necessities of residential, commercial and industrial sectors to provide flexible, fast, and economical building solutions, and thus are considered to be the key factors fuelling the growth of autoclaved aerated concrete market, globally.
The major companies include ACICO Industries Company, Xella Group, Cematix, Isoltech Srl, Eastland Building Materials Co. Ltd., Aerix Industries, H + H International, SOLBET Capital Group, Aircrete Europe, Laston Italiana SPA, UltraTech Cement Ltd ., Biltech Building Elements Ltd., and AERCON AAC, among others.
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