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Autoclaved Aerated Concrete Market Size 2027: Projected Growth and Opportunities | Techsci Research
The global autoclaved aerated concrete market reached USD 9.85 billion in 2021 and is projected to grow at a CAGR of 7.25% during the forecast period of 2023-2027.
By: TechSci Research
Market players are investing in the construction of advanced facilities and technologies to enhance productivity and develop advanced materials with higher decarbonization properties. However, the high manufacturing cost of autoclaved aerated concrete over traditional construction material and lack of awareness may hinder market growth over the next five years.
The global autoclaved aerated concrete market is segmented into product type, end user, application, region, and by company.
The global autoclaved aerated concrete market is categorized into various product types, including block, lintel, floor elements, roof panel, wall panel, cladding panel, and others. Block products held the largest market share in 2021, covering 43.18% of the market. The high demand for autoclaved aerated concrete in both residential and non-residential construction offers numerous advantages, including increased insulation capabilities and easier installation compared to traditional construction materials.
Furthermore, the market is divided into different end users, such as residential, commercial, industrial, and infrastructure. The residential segment dominated the market in 2021, with a 36.46% market share and is expected to grow at a CAGR of 6.98% in the forecast period. The growing demand for lightweight and energy-efficient building materials for construction is expected to accelerate the market growth in the forecast period.
Europe accounted for the largest market share in the global autoclaved aerated concrete market at 33.63%, according to regional analysis. The presence of leading companies and manufacturing units in the region is the major reason for this. People are aware of the benefits of using energy-efficient construction materials and are extensively using them to construct their houses.
The leading companies operating in the global autoclaved aerated concrete market are :
Browse over 115 market data Figures spread through 180 Pages and an in-depth TOC on "Global Autoclaved Aerated Concrete Market"
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