ALBANY, New York, July 2, 2020 /PRNewswire/ -- Demand for autoclaved aerated concrete is growing in the market and the growth is attributed to a number of trends and drivers which are positively contributing to it. Also known as autoclaved cellular concrete or autoclaved lightweight concrete, it is witnessing notable increase in adoption in the building and construction industry.
As per Transparency Market Research, "From 2019 to 2027, ~7% CAGR will be recorded in the global autoclaved aerated concrete market. It will pull up the market worth from ~USD 11.9 billion in 2018 to ~USD 22.8 billion by the end of the forecast period. Multiple factors of will fuel growth in the market over this period."
Key Findings of Global Autoclaved Aerated Concrete Market Study:
The blocks segment under the product type category is set to drive the market forward in a major way
The panel segment is set to record a notable growth rate over the forecast period
Residential segment under the end-user category will dominate growth owing to increasing demand for housing
Europe is set to be a lucrative region in the global autoclaved aerated concrete market
Key Drivers of Growth in Global Autoclaved Aerated Concrete Market:
A number of positive trends and drivers are contributing to growth in the global autoclaved aerated concrete market. Over the forecast period, these will help the market stay on a steep and upward growth trajectory. Transparency Market Research has identified these and has detailed them out in its market report. A synopsis into the growth factors is delineated below:
Rapid urbanization is a significant factor of growth in the market over the forecast period
Growing population is driving up demand for autoclaved aerated concrete market by increasing demand for affordable housing
By 2050, global population would have touched the mark of 9.7 billion as per recent studies
Construction volumes are on an upward growth curve, driving up demand for autoclaved aerated concrete
Growth in number of infrastructural development projects is also driving the market on an upward growth trajectory
Regional Analysis of Global Autoclaved Aerated Concrete Market:
Europe to be a major producer and consumer of autoclaved aerated concrete over the forecast period
Presence of local autoclaved aerated concrete manufacturers in the region is a major growth propeller
Countries such as Poland, the United Kingdom, and Germany to be notable markets
Analyze global autoclaved aerated concrete market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Competitive Landscape of Global Autoclaved Aerated Concrete Market:
Global autoclaved aerated market has no dearth of active players. Well-known ones in the market that are also profile in-depth by Transparency Market Research include Xella Group, H+H International, SOLBET, ACICO, AERCON AAC, UltraTech Cement Ltd., Biltech Building Elements Limited, AKG Gazbeton, Bulidmate, Eastland Building Materials Co., Ltd., Brickwell, and UAL Industries Ltd.
Currently, top players are highly focused on improving production capacity. It is a natural outcome of increasing demand in the market. A recent and pertinent example here would be the second production line in Somersby, Australia, built by CSR Hebel. Other strategies include product development and entering into strategic alliances.
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