The aac blocks and panels market size has grown strongly in recent years. It will grow from $19.92 billion in 2023 to $21.39 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be attributed to infrastructure development initiatives, compliance with building codes, innovations and advancements in materials, a focus on fire-resistant materials, and the evolution of the construction industry.
The aac blocks and panels market size is expected to see strong growth in the next few years. It will grow to $28.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to rapid urbanization and infrastructure projects, government regulations emphasizing energy efficiency, a rising demand for residential housing, and the increasing momentum in commercial construction. Key trends expected in the forecast period encompass architectural design flexibility, government support and incentives, a preference for green buildings, and the adoption of sustainable building practices.
The anticipated growth in construction activities is expected to significantly boost the AAC (Autoclaved Aerated Concrete) blocks and panels market. Construction activities encompass any work related to land, including the creation of land-building infrastructure and structures. The construction of buildings and other infrastructure is likely to drive the demand for AAC blocks, known for their lightweight, load-bearing, high-insulating, and durable characteristics. AAC blocks are particularly advantageous, being three times lighter than traditional red bricks. For example, according to Zippia, a US-based job-recruitment company, there was a 4% increase in construction activities from 2020 to 2021, resulting in the addition of 1,337,800 housing units. Therefore, the surge in construction activities emerges as a key driver propelling the AAC blocks and panels market forward.
The anticipated growth in urbanization is expected to be a significant driver for the AAC (Autoclaved Aerated Concrete) Blocks and Panels market. Urbanization, a process characterized by population migration from rural areas to urban centers, results in the expansion and development of cities and towns. This trend is particularly advantageous for AAC blocks and panels, as it generates increased demand for affordable, energy-efficient, and environmentally friendly housing solutions. The ongoing urbanization and population growth contribute to a shift in builders' preferences towards autoclaved aerated concrete materials over traditional options. AAC blocks and panels offer superior properties, including cost-effectiveness, earthquake and fire resistance, and flexibility in block sizes. For example, the World Bank projects that the global urban population will reach 6 billion people by 2045, representing a 1.5-fold increase from the current levels in 2023. Hence, the rise in urbanization emerges as a driving force for the AAC blocks and panels market.
Product innovations have emerged as a prominent trend gaining traction in the AAC (Autoclaved Aerated Concrete) blocks and panels market. Major companies in this market are actively involved in developing innovative products to fortify their positions. For instance, in November 2021, Holcim Group, a Switzerland-based company specializing in building materials, launched an AAC concrete block adhesive designed for constructing walls. This adhesive is suitable for various types of AAC (autoclaved aerated concrete), bricks, and different cement blocks available in the market. The adhesive aims to securely link blocks together with high adhesive strength, contributing to the construction of more robust walls using fewer materials. The product is formulated using materials such as cement, carefully graded fillers, and a specific polymer. This innovation exemplifies the industry's commitment to advancing construction materials and techniques within the AAC blocks and panels market.
Major companies within the AAC (Autoclaved Aerated Concrete) blocks and panels market are actively engaged in the development of innovative products, integrating advanced technologies such as precision molding. Precision molding, a type of injection molding, is known for producing highly accurate and repeatable parts with superior surface finishes and tightly controlled material properties. For example, in 2021, Ultrapanel Building Technologies introduced a new range of AAC panels known as the Ultrapanel Cladding System. This system is designed to provide a lightweight, easy-to-install, and energy-efficient solution for exterior wall cladding. The innovative features of the Ultrapanel Cladding System include reduced construction time, cost-effectiveness, high thermal insulation properties, and durability. The use of precision molding techniques contributes to the production of panels with superior accuracy and performance, aligning with the industry's commitment to advancing technology and providing high-quality solutions in the AAC blocks and panels market.
In October 2022, HIL Ltd., an India-based building materials company, successfully acquired Fast Build Blocks Pvt Ltd for a transaction valued at USD 370 million. This strategic acquisition significantly broadened HIL Ltd's portfolio within the realm of autoclaved aerated concrete (AAC) blocks, encompassing the entirety of Fast Build Blocks Pvt Ltd's manufacturing, distribution, and sales network. Additionally, HIL Ltd assumed all liabilities associated with the acquired company. Fast Build Blocks Pvt Ltd., also based in India, specializes in the manufacturing of AAC blocks and panels.
Major companies operating in the aac blocks and panels market report are UltraTech Cement Ltd., Ecotrend New Building Materials Development Co. Ltd., CK Birla Group, Tarmac Building Products Limited, Health and Happiness (H&H) International Holdings Ltd., Colonial Sugar Refining Company Limited., Xella International, JK Laxmi Cement, Forterra PLC., UAL Industries Ltd., ACICO Industries Company, Schwenk Building Materials, AKG Gazbeton, BAUROC AS, Magicrete Building Solutions Pvt. Ltd., Hebel, MASA GmbH, Siporex India Pvt Ltd., Biltech Building Elements Ltd., Eco Green Products Pvt Ltd., Wehrhahn GmbH, Buildmate Projects Pvt. Ltd., SOLBET, Aercon AAC, Aircrete Europe, LCC SIP Ltd., AerBlock, Ecolite AAC Blocks, Mepcrete AAC Blocks, Renacon AAC Blocks, Impulse Constrotech Pvt. Ltd., Durox (owned by Tarmac), E-Crete, ECO-CARE Building Products Pvt Ltd., Dr. Fixit (P.I.Dilip Buildcon Ltd.), Brikolite AAC Blocks, Roca India.
Asia-Pacific was the largest region in the AAC blocks and panels market in 2023. The regions covered in the aac blocks and panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aac blocks and panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary variants of AAC blocks and panels include blocks, panels, lintels, and other specialized types. AAC blocks represent essential units in construction, serving as foundational components crucial to the construction of larger structures. They come in various sizes, ranging from small to medium and large dimensions. These AAC blocks find applications across diverse sectors including residential, commercial, industrial, and infrastructure construction projects.
The AAC blocks and panels market research report is one of a series of new reports that provides AAC blocks and panels market statistics, including AAC blocks and panels industry global market size, regional shares, competitors with AAC blocks and panels market share, detailed AAC blocks and panels market segments, market trends and opportunities, and any further data you may need to thrive in the AAC blocks and panels industry. This AAC blocks and panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The AAC blocks and panels market consists of sales of structural floors, wall panels, fly ash blocks, and limestone blocks. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The aac blocks and panels market size is expected to see strong growth in the next few years. It will grow to $28.2 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The anticipated growth in the forecast period can be attributed to rapid urbanization and infrastructure projects, government regulations emphasizing energy efficiency, a rising demand for residential housing, and the increasing momentum in commercial construction. Key trends expected in the forecast period encompass architectural design flexibility, government support and incentives, a preference for green buildings, and the adoption of sustainable building practices.
The anticipated growth in construction activities is expected to significantly boost the AAC (Autoclaved Aerated Concrete) blocks and panels market. Construction activities encompass any work related to land, including the creation of land-building infrastructure and structures. The construction of buildings and other infrastructure is likely to drive the demand for AAC blocks, known for their lightweight, load-bearing, high-insulating, and durable characteristics. AAC blocks are particularly advantageous, being three times lighter than traditional red bricks. For example, according to Zippia, a US-based job-recruitment company, there was a 4% increase in construction activities from 2020 to 2021, resulting in the addition of 1,337,800 housing units. Therefore, the surge in construction activities emerges as a key driver propelling the AAC blocks and panels market forward.
The anticipated growth in urbanization is expected to be a significant driver for the AAC (Autoclaved Aerated Concrete) Blocks and Panels market. Urbanization, a process characterized by population migration from rural areas to urban centers, results in the expansion and development of cities and towns. This trend is particularly advantageous for AAC blocks and panels, as it generates increased demand for affordable, energy-efficient, and environmentally friendly housing solutions. The ongoing urbanization and population growth contribute to a shift in builders' preferences towards autoclaved aerated concrete materials over traditional options. AAC blocks and panels offer superior properties, including cost-effectiveness, earthquake and fire resistance, and flexibility in block sizes. For example, the World Bank projects that the global urban population will reach 6 billion people by 2045, representing a 1.5-fold increase from the current levels in 2023. Hence, the rise in urbanization emerges as a driving force for the AAC blocks and panels market.
Product innovations have emerged as a prominent trend gaining traction in the AAC (Autoclaved Aerated Concrete) blocks and panels market. Major companies in this market are actively involved in developing innovative products to fortify their positions. For instance, in November 2021, Holcim Group, a Switzerland-based company specializing in building materials, launched an AAC concrete block adhesive designed for constructing walls. This adhesive is suitable for various types of AAC (autoclaved aerated concrete), bricks, and different cement blocks available in the market. The adhesive aims to securely link blocks together with high adhesive strength, contributing to the construction of more robust walls using fewer materials. The product is formulated using materials such as cement, carefully graded fillers, and a specific polymer. This innovation exemplifies the industry's commitment to advancing construction materials and techniques within the AAC blocks and panels market.
Major companies within the AAC (Autoclaved Aerated Concrete) blocks and panels market are actively engaged in the development of innovative products, integrating advanced technologies such as precision molding. Precision molding, a type of injection molding, is known for producing highly accurate and repeatable parts with superior surface finishes and tightly controlled material properties. For example, in 2021, Ultrapanel Building Technologies introduced a new range of AAC panels known as the Ultrapanel Cladding System. This system is designed to provide a lightweight, easy-to-install, and energy-efficient solution for exterior wall cladding. The innovative features of the Ultrapanel Cladding System include reduced construction time, cost-effectiveness, high thermal insulation properties, and durability. The use of precision molding techniques contributes to the production of panels with superior accuracy and performance, aligning with the industry's commitment to advancing technology and providing high-quality solutions in the AAC blocks and panels market.
In October 2022, HIL Ltd., an India-based building materials company, successfully acquired Fast Build Blocks Pvt Ltd for a transaction valued at USD 370 million. This strategic acquisition significantly broadened HIL Ltd's portfolio within the realm of autoclaved aerated concrete (AAC) blocks, encompassing the entirety of Fast Build Blocks Pvt Ltd's manufacturing, distribution, and sales network. Additionally, HIL Ltd assumed all liabilities associated with the acquired company. Fast Build Blocks Pvt Ltd., also based in India, specializes in the manufacturing of AAC blocks and panels.
Major companies operating in the aac blocks and panels market report are UltraTech Cement Ltd., Ecotrend New Building Materials Development Co. Ltd., CK Birla Group, Tarmac Building Products Limited, Health and Happiness (H&H) International Holdings Ltd., Colonial Sugar Refining Company Limited., Xella International, JK Laxmi Cement, Forterra PLC., UAL Industries Ltd., ACICO Industries Company, Schwenk Building Materials, AKG Gazbeton, BAUROC AS, Magicrete Building Solutions Pvt. Ltd., Hebel, MASA GmbH, Siporex India Pvt Ltd., Biltech Building Elements Ltd., Eco Green Products Pvt Ltd., Wehrhahn GmbH, Buildmate Projects Pvt. Ltd., SOLBET, Aercon AAC, Aircrete Europe, LCC SIP Ltd., AerBlock, Ecolite AAC Blocks, Mepcrete AAC Blocks, Renacon AAC Blocks, Impulse Constrotech Pvt. Ltd., Durox (owned by Tarmac), E-Crete, ECO-CARE Building Products Pvt Ltd., Dr. Fixit (P.I.Dilip Buildcon Ltd.), Brikolite AAC Blocks, Roca India.
Asia-Pacific was the largest region in the AAC blocks and panels market in 2023. The regions covered in the aac blocks and panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the aac blocks and panels market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary variants of AAC blocks and panels include blocks, panels, lintels, and other specialized types. AAC blocks represent essential units in construction, serving as foundational components crucial to the construction of larger structures. They come in various sizes, ranging from small to medium and large dimensions. These AAC blocks find applications across diverse sectors including residential, commercial, industrial, and infrastructure construction projects.
The AAC blocks and panels market research report is one of a series of new reports that provides AAC blocks and panels market statistics, including AAC blocks and panels industry global market size, regional shares, competitors with AAC blocks and panels market share, detailed AAC blocks and panels market segments, market trends and opportunities, and any further data you may need to thrive in the AAC blocks and panels industry. This AAC blocks and panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The AAC blocks and panels market consists of sales of structural floors, wall panels, fly ash blocks, and limestone blocks. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. AAC Blocks and Panels Market Characteristics3. AAC Blocks and Panels Market Trends and Strategies32. Global AAC Blocks and Panels Market Competitive Benchmarking33. Global AAC Blocks and Panels Market Competitive Dashboard34. Key Mergers and Acquisitions in the AAC Blocks and Panels Market
4. AAC Blocks and Panels Market - Macro Economic Scenario
5. Global AAC Blocks and Panels Market Size and Growth
6. AAC Blocks and Panels Market Segmentation
7. AAC Blocks and Panels Market Regional and Country Analysis
8. Asia-Pacific AAC Blocks and Panels Market
9. China AAC Blocks and Panels Market
10. India AAC Blocks and Panels Market
11. Japan AAC Blocks and Panels Market
12. Australia AAC Blocks and Panels Market
13. Indonesia AAC Blocks and Panels Market
14. South Korea AAC Blocks and Panels Market
15. Western Europe AAC Blocks and Panels Market
16. UK AAC Blocks and Panels Market
17. Germany AAC Blocks and Panels Market
18. France AAC Blocks and Panels Market
19. Italy AAC Blocks and Panels Market
20. Spain AAC Blocks and Panels Market
21. Eastern Europe AAC Blocks and Panels Market
22. Russia AAC Blocks and Panels Market
23. North America AAC Blocks and Panels Market
24. USA AAC Blocks and Panels Market
25. Canada AAC Blocks and Panels Market
26. South America AAC Blocks and Panels Market
27. Brazil AAC Blocks and Panels Market
28. Middle East AAC Blocks and Panels Market
29. Africa AAC Blocks and Panels Market
30. AAC Blocks and Panels Market Competitive Landscape and Company Profiles
31. AAC Blocks and Panels Market Other Major and Innovative Companies
35. AAC Blocks and Panels Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
AAC Blocks and Panels Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on aac blocks and panels market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for aac blocks and panels? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Blocks; Panels; Lintels; Other Types
2) By Size: Small; Medium; Large
3) By End-user: Residential Construction; Commercial Construction; Industrial Construction; Infrastructure Construction
Key Companies Mentioned: UltraTech Cement Ltd.; Ecotrend New Building Materials Development Co. Ltd.; CK Birla Group; Tarmac Building Products Limited; Health and Happiness (H&H) International Holdings Ltd
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- UltraTech Cement Ltd.
- Ecotrend New Building Materials Development Co. Ltd.
- CK Birla Group
- Tarmac Building Products Limited
- Health and Happiness (H&H) International Holdings Ltd
- Colonial Sugar Refining Company Limited.
- Xella International
- JK Laxmi Cement
- Forterra PLC.
- UAL Industries Ltd.
- ACICO Industries Company
- Schwenk Building Materials
- AKG Gazbeton
- BAUROC AS
- Magicrete Building Solutions Pvt. Ltd.
- Hebel
- MASA GmbH
- Siporex India Pvt Ltd.
- Biltech Building Elements Ltd.
- Eco Green Products Pvt Ltd.
- Wehrhahn GmbH
- Buildmate Projects Pvt. Ltd.
- SOLBET
- Aercon AAC
- Aircrete Europe
- LCC SIP Ltd.
- AerBlock
- Ecolite AAC Blocks
- Mepcrete AAC Blocks
- Renacon AAC Blocks
- Impulse Constrotech Pvt. Ltd.
- Durox (owned by Tarmac)
- E-Crete
- ECO-CARE Building Products Pvt Ltd.
- Dr. Fixit (P.I.Dilip Buildcon Ltd)
- Brikolite AAC Blocks
- Roca India
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 21.39 Billion |
| Forecasted Market Value ( USD | $ 28.2 Billion |
| Compound Annual Growth Rate | 7.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 37 |
