Global Autoclaved Aerated Concrete (AAC) Market 2017-2021
About Autoclaved Aerated Concrete (AAC)
Autoclaved aerated concrete (AAC) is a lightweight, precast, foam concrete building material. It provides structure, insulation, and resistance to fire and mold. AAC is specially manufactured to bind closed air pockets, which make it lightweight and easily moldable as per the requirement of the construction. AAC products include blocks, panels, and others.
Technavio’s analysts forecast the global autoclaved aerated concrete market to grow at a CAGR of 7.36% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global autoclaved aerated concrete market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Autoclaved Aerated Concrete (AAC) Market 2017-2021
Technavio recognizes the following companies as the key players in the global autoclaved aerated concrete market: The H+H Group, JK Lakshmi Cement, UAL Industries, UltraTech Cement, and Xella Group.
Other Prominent Vendors in the market are: Aircrete Group, AKG Gazbeton, AERCON AAC, Broco, Buildmate Projects, Brickwell, Hebel, Kansal Group, Laston Italiana, RPP Group, and SOLBET.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is demand for environment-friendly buildings. The global popularity for environment-friendly construction has grown steadily over the years. Global business leaders and policymakers recognize that a commitment to transforming the built environment is crucial for addressing major environmental challenges.”
According to the report, one driver in the market is increasing demand for AAC in APAC. APAC is one of the fastest-growing markets for AAC globally and is expected to dominate in future. China, India, Japan, and South Korea are the fastest-growing markets in the region. The growth in these countries can be attributed to population growth, development of sustained buildings, favorable investment policies, and government initiatives to promote industrial growth.
Further, the report states that one challenge in the market is less number of ACC manufacturers in North America. North America includes the US, Canada, and Mexico. The market in the region features a lower usage of AAC because of a limited number of players due to the recently subdued demand. In addition, the construction industry in the region has declined as the region has been engaged in oil and shale gas exploration, which has not been much productive in the recent years.
The H+H Group, JK Lakshmi Cement, UAL Industries, UltraTech Cement, Xella Group, Aircrete Group, AKG Gazbeton, AERCON AAC, Broco, Buildmate Projects, Brickwell, Hebel, Kansal Group, Laston Italiana, RPP Group, and SOLBET.
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