Also known as autoclaved cellular concrete, autoclaved aerated concrete (ACC) is a recent eco-friendly material used in building and construction applications. Autoclaved lightweight concrete is primarily made from fly ash, which is produced as a byproduct from the operations of thermal power plants.
The global market for autoclaved aerated concrete is expected to witness a moderate CAGR of ~ 4.8 per cent through the forecast period till 2026. This growth will account for the sales of around 145,500,000 cubic meters in this period.
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The growth is possible as AAC provides a number of benefits over conventional building materials including superior rigidity, low weight, durability and better cost-effectiveness, which allows for faster construction activities. In addition, AAC is also known for superior thermal and acoustic insulation, which not only reduces the costs for cooling and heating, but also aids in better safety standards.
Collaborative Efforts Gains Traction in Business Strategy
The global autoclaved aerated concrete market is largely fragmented. However, some of the key players in the industry include names such as Ultra Tech Cement, Buildmate Projects, Xella Group, Brickwell Infra Private Ltd., Laxmi Cement, Biltech Building Elements, Aircrete Group, and Eastland Building Materials among others.
Despite the presence of multitudes of vendors, the large scale players are currently displaying their dominance over the industry owing to superior market reach and production capabilities. On the other hand, the rapid increase in industrialization, particularly in developing economies is expected to bring out a number of emerging players, on the whole.
Consequently, major manufacturers have been pushing into merger and acquisition activities in a bid to sustain growth and boost presence in the market. On the other hand, medium and small scale players are increasing their focus on innovation and development properties to keep up with the demand for cost, performance, and quality.
AAC Blocks in Construction Applications to Remain Key Contributors
Government bodies around the world have set up a number of affordable housing schemes to meet the demand from growing global populations. This trend is generating lucrative opportunities for producers and suppliers in the industry.
Autoclaved aerated concrete is expected to be used in a wide range of construction applications, with support from low weight, sustainable, and eco-friendly product characteristics, which is giving it the advantage over various conventional and alternative building materials.
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Of the different types of AAC products, AAC blocks will remain the more popular options for construction companies for applications in the industrial and commercial sectors. Blocks will be followed by AAC panels, which will grow as a remunerative product for the industry.
The demand to reduce labor requirements and to simplify installation processes is expected to aid in growth. Most of such demand is coming from the Asia Pacific excluding Japan region, owing to the recent increase in construction activities in the region, and the increased adoption of green construction procedures for efficient and cost effective development activities, which is expected to have a substantial positive impact on the market.