Global Autoclaved Aerated Concrete (AAC) Market has been thoroughly analyzed in the report for an inclusive understanding. The report includes several sections that offer indicative market insights. In the report, readers will come across analysis of market dynamics.
Dallas, United States - August 26, 2019 /MarketersMedia/ —
Global Autoclaved Aerated Concrete (AAC) Market 2019-2024:
The market for autoclaved aerated concrete (AAC) is expected to register a CAGR of over 7% during the forecast period of 2019 - 2024. One of the major driving factors of the market includes the increased emphasis on constructing green buildings. However, the limited usage of AAC in load-bearing walls is likely to restrain the market growth.
- The growing emphasis on constructing sound proof buildings is also likely to boost the demand for AAC during the forecast period.
- The increasing need for disaster resisting buildings is expected to provide opportunities for the growth of the market in the future.
This study presents the Autoclaved Aerated Concrete (AAC) production, revenue, market share and growth rate for each key company, and also covers the breakdown data by regions, type and applications.
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Key Market Trends
Residential Sector to Dominate the Market
- Autoclaved Aerated Concrete (AAC), owing to its thermally-insulated and energy-efficient properties, along with being fire-resistant, termite- or pest-resistant, seismic-resistant, lightweight sustainable, and quick and easy in application, is used in residential construction.
- Moreover, autoclaved aerated concrete is reusable, recyclable, renewable, and eco-friendly. Along with the increased importance of LEED ratings, AAC is used in residential construction.
- Autoclaved Aerated Concrete (AAC) is majorly used in Europe and Asia-Pacific. Residential construction witnessed a stable growth in Asia-Pacific, with India and China registering significant growth. The ASEAN countries have also gained momentum in residential construction. The market is expected to grow during the forecast period.
- In Europe, the market for residential construction is stable, while in North America, the market for residential construction is expected to grow during the forecast period, due to the renovation of residential properties. The market for residential construction is growing in Middle East & Africa.
- Hence, the residential sector is likely to dominate the market during the forecast period.
Asia-Pacific to Dominate the Market
- In 2018, Asia-Pacific accounted for the major share of the Autoclaved Aerated Concrete (AAC) market owing to the high demand from the construction sector of countries like China and India.
- China is an emerging economy and is the largest in terms of purchasing power parity and the second-largest economy in terms of nominal GDP. In 2017, its GDP is expected to grow at 6.6%, while in 2019, it is expected to grow slower with 6.3%.
- The growth in the country remains high, but is gradually diminishing, as the population is aging and the economy is rebalancing from investment to consumption, manufacturing to services, and external to internal demand.
- The government has approved the construction of urban and inter-city rail projects worth USD 127.26 billion (CNY 860 billion) in several cities, including Shanghai and Wuhan.
- Similarly, India has a requirement of investment worth USD 777.73 billion in infrastructure by 2022 to have sustainable development in the country.
- In 2018, the infrastructure sector in India witnessed private equity and venture capital investments worth USD 1.97 billion. The government of India is expected to invest highly in the infrastructure sector, mainly highways, renewable energy, and urban transport.
- Such factors are projected to drive the market in Asia-Pacific.
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Competitive Landscape
The global market for autoclaved aerated concrete (AAC) is fragmented, with more than 3,000 manufacturers operating globally. Some of the key players of the market include Xella Group, BAUROC AS, Biltech Building Elements Limited, and H+H INTERNATIONAL A/S, among others.
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Table of Contents
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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