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Autoclaved Aerated Concrete Market by Application, by End User, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

Autoclaved Aerated Concrete Market by Application, by End User, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

  • June 2018
  • 105 pages
  • ID: 5586810
  • Format: PDF
  • By Prescient & Strategic Intelligence Private Limited

Summary

Table of Contents

Autoclaved Aerated Concrete Market by Application (Construction Materials, Road Sub Bases, Roof Insulation, Bridge Sub-Structure, Void Filling, Concrete Pipes), by End User (Residential Buildings, Commercial Buildings, Infrastructure), by Geography (U.S., Canada, Mexico, Germany, U.K., Russia, Poland, Romania, China, Japan, India, Brazil, Saudi Arabia, South Africa) - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023

Global autoclaved aerated concrete market is projected to reach $5,721.4 million by 2023, according to P&S Market Research.

The growth of the market is majorly driven by the increasing urbanization and industrialization along with growth in the infrastructure sector, and increasing focus on green and sound proof buildings.

Insights into market segments
On the basis of application, the autoclaved aerated concrete market is segmented into construction material, road sub bases, roof insulation, bridge sub-structure, void filling, concrete pipes, and others; ‘others’ include shock and blast mitigation, site reconstruction, anti-corrosion fill, pavement base, and shock absorbing concrete. Of these, construction materials hold the largest share in the autoclaved aerated concrete market, attributed to its high use in the construction of high rise buildings, owing to its superior properties such as better heat prevention, better sound absorption, and lighter quality as compared to traditional concrete.

Based on end user, the autoclaved aerated concrete market is categorized into residential buildings, commercial buildings, infrastructure, and others; ‘others’ include mining, agriculture, and geotechnical. Among these, infrastructure has been the largest contributor in the market, with more than 40.0% revenue share in 2017. Autoclaved aerated concrete is considered ideal for construction of infrastructure such as over-pass, bridges, and tunnels. This can be ascribed to its useful properties which make it ideal for use in infrastructure, such as one-fourth weight as compared to conventional concrete, minimal structural erection requirements, and others.

APAC seals the leading position in the global autoclaved aerated concrete market
Among all regions, APAC contributed the highest revenue to the autoclaved aerated concrete market, valued at more than 33.0%, in 2017. This is attributed to the rapid urbanization in the region, in order to meet the demand of the increasing population. Additionally, the growing need of better infrastructure to improve the quality of lives for people and economic development in the region are driving the market growth in APAC. Furthermore, the demand of autoclaved aerated concrete is increasing in the region, owing to its environment-friendly properties, which have become the major concern.

Also, as APAC is focusing to shrink its energy consumption and carbon footprint, top priority has been given to the revamping of the region’s buildings. The government of Asian countries are also promoting the use of environmentally friendly material in the construction of green buildings. For instance, in 2009, the government of Malaysia launched the green building index (GBI). Under this, the government encouraged the builders to use green technology and also introduced incentives for owners to obtain GBI certificate for existing as well as new buildings. All these factors are expected to fuel the autoclaved aerated concrete market growth during the forecast period.

Focus on construction buildings with high affinity for earthquakes and other natural disasters is expected to create various opportunities for industry players in the autoclaved aerated concrete market
Increasing concern over safety of construction buildings from natural calamities has attracted the attention of the construction industry. The industry is constantly focusing on making materials that can withstand such incidents including earthquakes. Owing to light weight of these concrete blocks, the mass of the structure gets reduced, decreasing the impact of earthquake on the building. The tiny air pores in these concrete blocks and their thermal mass provides excellent thermal insulation, which in turn reduces the load on heating and air conditioning systems of the building, hence reducing energy consumption and cost. All these factors are resulting in the growth of the autoclaved aerated concrete market.

The non-combustible nature of these concrete blocks provides an added advantage against fire, which generally accompanies earthquakes. It is non-combustible in nature and can withstand temperature of up to 1600° C, resulting in increased safety. Also, due to the structure of blocks of this concrete, it cannot be damaged or infested by termites and other pests.

Autoclaved Aerated Concrete Market Competitive Landscape
Some of the major players operating in the global autoclaved a

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