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Autoclaved Aerated Concrete Market size is projected to expand at an appreciable growth rate between 2023 and 2032 as the infrastructure & construction sector is growing rapidly each year. The product is majorly used in roof insulation, bridge sub-structure, site reconstruction, construction materials, filling voids in concrete pipes, road subbases, pavement base, anti-corrosion fill, blast mitigation, and shock absorbing concrete. It offers superior properties, such as resistance to moisture, long-lasting, soundproof, fire & earthquake resistant, pest resistant, and non-toxic, thereby propelling market expansion.
Autoclaved aerated concrete is a load bearing, high insulating, lightweight, and durable building material that has a distinct porous structure. The rising adoption of this product can be attributed to its cost effectiveness and better quality of construction due to water & mold resistance, high workability, and easy shaping & thermal insulation properties.
Based on application, autoclaved aerated concrete market is segmented into thermal insulator, acoustic insulator, green building materials, green buildings, disaster-proof buildings, and insulated roofs. The acoustic insulator application segment is predicted to record a notable CAGR through 2032. The walls made from acoustic insulation building materials eliminate sound transmission. Moreover, high porosity and surface mass to reduce mechanical vibration make the product an excellent acoustic insulator.
Many investors are realizing the potential of AAC to make construction more sustainable. For instance, in November 2021, Verte OZ Fund Inc. invested in Probitas Ventures LLC and its subsidiary AAC East LLC. This investment will help Probitas complete the construction of its production facility for manufacturing autoclaved aerated concrete (AAC). Such initiatives are likely to enhance the market outlook.
Global autoclaved aerated concrete market share is predicted to increase significantly by 2032 as the product is being extensively used as a green building material. AAC does not emit any pollutants and the manufacturing process does not generate toxic byproducts. It plays a vital role in helping end-users boost their energy conservation efforts and can also be used as a clean filling and gravel.
Companies are opening new factories across different regions to cater to the growing demand for AAC products. For example, in April 2021, Aircrete Europe announced plans to set up a new AAC panel production facility in China to cater to the country’s robust need for these panels. Such efforts will help China achieve its green construction goals, which will positively influence the industry forecast.
Autoclaved aerated concrete market value will be driven by the ever-expanding construction sector. AAC is one of the most sought-after construction materials as it is lightweight and can be worked upon using tools like wood. The product is ideal to create architectural concepts without compromising on strength. It also finds application in disaster proof buildings as it decreases construction time, has superior strength, and incurs low maintenance costs. Other properties, such as thermal insulation and pest resistance make AAC suitable for residential construction, further improving the product adoption.
However, low product availability and high manufacturing cost might restraint autoclaved aerated concrete market growth. Factors, such as lack of awareness of the availability of these products and higher cost as compared to conventional red bricks can hinder the product adoption, further slowing the market progress.
Europe autoclaved aerated concrete industry revenue is set to increase tremendously by 2032 as more end-users are opting for this material to complete various construction projects. Governments are also introducing stringent norms for the construction sector to promote green construction. For instance, in December 2021, the U.K. government unveiled new regulations that require all new households to produce 30% less CO2 emissions. The rules will be applicable to new buildings as well, such as shops and offices. These policies will boost the adoption of AAC products as they can decrease carbon emissions and conserve energy.
Some of the esteemed companies operating in autoclaved aerated concrete market include SOLBET Capital Group, H+H International, Eastland Building Materials Co., Ltd., Biltech Building Elements Limited, UAL Industries Ltd, Aerix Industries, Aircrete Europe, Xella Group, Brickwell, Broco Industries, Laston Italiana S.P.A, Isoltech SRL, UltraTech Cement Ltd., Bulidmate, AKG Gazbeton, Cematrix, Aeroc International, ACICO, and Aercon AAC, among many others.
These organizations are implementing various corporate strategies, such as partnerships, new product launches, acquisitions, and mergers to help them grow their market presence.
The Russia-Ukraine conflict had a negative influence on global autoclaved aerated concrete market trends as the scenario brought many construction activities to a standstill due to shortage of raw materials. However, the post-war period might accelerate the adoption of AAC products to help the countries’ construction sector recover, which will then boost the industry progress.