HYDERABAD, India, February 8, 2016 /PRNewswire/ --
Mordor Intelligence releases their report on the Global
Autoclaved Aerated Concrete market. The report discusses autoclaved
aerated concrete (AAC) around the world and studies its markets
segmented by product type, which include blocks, lintels, panels,
tiles and 'Others'; by application - residential, industrial,
commercial and 'Others.'
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AAC, a relatively unique lightweight construction material, is
manufactured from cement, lime, sand (or fly ash), aluminum powder
(expansion agent) and anhydrite (or gypsum). It is a low density
concrete and the final product contains no aggregates, unlike
traditional concrete masonry units (CMUs).
The global AAC market is in its growth phase, and is expected to
grow at a rapid pace until 2020. AAC consumption is estimated to
grow at a CAGR of 7.41% from 2014 to 2020.
Europe held the largest share
of the global market in 2014. The region is expected to witness
moderate growth over the next five years, owing greatly to the
gradual recovery of the European construction sector from the
adverse effects of the 2008-09 recession.
AAC, since its introduction in the 1990s, has witnessed
significant success. Its superior resistance to fire, wind, solar
damage, seismic fluctuations and pests are the primary reasons to
its extensive usage in construction activities, in the European and
Asia-Pacific regions.
Despite its aforementioned characteristics and widespread global
usage, the product has had little or negligible success in the US
construction sector in the last two decades.
The lack of demand in the US can be attributed to the dearth of
AAC manufacturers and distributors in the country. Another factor
hindering the growth of the market is the reluctance among
contractors to recommend the product to house-owners, as its usage
requires precise mortar application. However, this scenario is
expected to improve. Due to the growing emphasis on construction of
green buildings, the need to sound proof buildings along with the
gradual mounting pressure on the construction sector regarding ill
effects of cement manufacturing on the environment, the market
scenario is expected to witness a significant shift over the next
few years. AAC is considered a green product, because it contains
lower volumes of Portland cement (in comparison with traditional
concrete), its non-polluting manufacturing process, and since the
product is made from recycled materials (fly-ash).
AAC is available in the market in various shapes and sizes. It
has been identified that the product is majorly consumed (used) in
its block shape, with the segment having a revenue share of more
than 70% in the global market, in terms of product type.
Some of the major players in the global AAC market include ACICO
Industries, Biltech Building Elements Limited (Avantha), H+H
International A/S, Masa Group, and the Xella Group.
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Media Contact:
Madan Gopal
AVP - Marketing & Strategy
Email: madan@mordorintelligence.com
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