HYDERABAD, India, September 29, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the autoclaved aerated concrete market. The report titled, "Global Autoclaved Aerated Concrete (AAC) Market - Segmented by Type, Application, and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.
The global autoclaved aerated concrete (AAC) market was valued at USD 3,375 million in 2015, and is projected to reach USD 5,182 million by 2021, at an estimated CAGR of 7.41%, during the forecast period 2016-2021.
Factors driving the AAC market are an emphasis on green buildings, the use of recycled materials for AAC production. However, this market faces certain drawbacks: high initial costs and limited number of manufacturers in the United States.
Our report on autoclaved aerated concrete market is segmented as:
- By Application (Construction)
- By Type
- Regional Analysis
- North America
- South America
- Middle-East & Africa
In 2015, the residential segment (application) accounted for the highest share of 30.02%. The blocks segment (type) held the highest share of 61%; however, the panels segment is expected to witness the highest growth rate of 7.56% during the forecast period. Europe has the highest market share in terms of revenue, accounting for over 46% of the market. Asia-Pacific is expected to be the fastest growing region during the forecast period.
Some of the major companies profiled in the report include: Xella Corp., ACICO Industries, AEROC International, Ultratech, H+H International AS, and Solbet Group.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence