LONDON, March 10, 2022 (GLOBE NEWSWIRE) — According to The Business Research Company’s research report on the autoclaved aerated concrete market, the growing construction of green buildings is expected to propel the growth of the autoclaved aerated concrete market. Green buildings are more energy efficient and sustainable, so they have a lower carbon footprint and minimal impact on the environment. For example, according to EnergyStar, a US government-backed symbol of energy efficiency, in 2020 nearly 6,500 commercial buildings earned the ENERGY STAR label, saving $1.6 billion, and more than 5 million metric tons greenhouse gas emissions have been avoided. Hence, the rise in green building construction is driving the growth of the autoclaved aerated concrete market.
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The global autoclaved aerated concrete market size is expected to grow from $13.03 billion in 2021 to $14.17 billion in 2022 at a compound annual growth rate (CAGR) of 8.77%. The growth of the market is mainly due to the reorganization of business operations and the recovery from the impact of COVID-19, which had previously led to restrictive containment measures involving social distancing, remote working and the closure of business activities that have resulted in operational challenges. . The global autoclaved aerated concrete market share is expected to reach $20.84 billion in 2026 at CAGR of 10.11%.
Technological advancement is a key trend gaining popularity in the autoclaved aerated concrete market. Technological progress is the discovery of knowledge that advances the understanding of technology. For example, in 2019, researchers at the Indian Institute of Technology developed aerated concrete with fly ash, which is waste from thermal power plants. The aerated concrete developed has a more uniform dispersion of air voids and high surfaces than those available on the market, which further helps them to be lighter. The properties of the samples have been tested and validated according to Indian standards IS:2185 (part 3 and part 4) and obtained two patents.
Key players in the autoclaved aerated concrete market are ACICO Group, AERCON AAC, AKG Gazbeton, Biltech Building Elements Limited, Brickwell, Buildmate Projects Pvt. Ltd., Eastland Building Materials Co., Ltd., H+H International A/S, JK Lakshmi Cement Ltd., Masa GmbH, Parin Beton Amood Company, UAL Industries Ltd., UltraTech Cement Ltd. and Xella Group.
The global TBRC Autoclaved Aerated Concrete market forecast report is segmented by Type into Block, Lintel, Panel, Others; by application in building materials, roof insulation, roof subbases, bridge substructures, concrete pipes, void filling, etc. ; by the end user in residential, non-residential.
According to the Autoclaved Aerated Concrete Market industry study in 2021, Asia Pacific has been the largest region in the market and should also be the fastest growing region in the forecast period. Regions covered in Autoclaved Aerated Concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Global Autoclaved Aerated Concrete Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provide Autoclaved Aerated Concrete market overviews, market analysis Autoclaved Aerated Concrete market size and growth for overall market, Autoclaved Aerated Concrete market segments and geographies, Autoclaved Aerated Concrete market trends, Autoclaved Aerated Concrete market drivers, Autoclaved Aerated Concrete market restraints, autoclaved aerated concrete, revenue, profiles and market shares of key competitors in more than 1000 industry reports, covering more than 2500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders. A highly experienced and expert team of analysts and modellers provide market analysis and forecasts. The reports identify key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
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