Global Autoclaved Aerated Concrete Market is valued USD 40.6 billion in 2016 is anticipated to grow USD 81.8 billion with the compounded annual growth of 8.1 % over the forecast period 2017-2025.
New York 25 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Autoclaved Aerated Concrete Market industry is poised to raise USD 81.8 billion by 2025. The global autoclaved aerated concrete market is witnessing significant growth, due to increasing industrialization and accelerated urbanization in developing countries, cost effectiveness and light weight material of AAC, and increased emphasis on sound proof and green building. Now-a-days with infrastructure development, environmental conservation has also become key area of concern, as traditional building materials, such as wood and fired clay bricks, implies cutting of green trees and consume lots of fertile land/soil and emit huge amount greenhouse gases. Another factor for increasing demand of AAC is that it’s an environment friendly product, as it is manufactured by using fly ash (approximately 60-65% by weight), which in an unavoidable waste from coal based thermal power plants.
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The industry is seems to be fairly competitive Some of the key manufacturers involved in the market are are Xella Group, Cematrix, Acico Industries Company, Broco Group, Aircrete Europe, Solbet Capital Group, Laston Italiana S.P.A., Aerix Industries & Isoltech Srl. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirement
Key findings of the study:
- The rapid industrialization and infrastructure development in the emerging economies of Asia-Pacific has shown Growth.
- The increasing purchasing power of individuals, improving life style, along with consumption trends and technological advancements has led to development of more varied, complex and eco-friendly products
Bizwit Research & Consulting LLP has considered following segments for the study
- Construction Material
- Road Sub Bases
- Roof Insulation
- Bridge Sub-Structure
- Void Filling
- Concrete Pipes
By End User:
- Residential Building
- Commercial Building
- North America
- Asia Pacific
- Latin America
- Rest of the World