The global AAC blocks and panels market revenue was around US$ 20 billion in 2021 and is estimated to reach US$ 34.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.2% during the forecast period from 2022 to 2031.
Request To Download Sample of This Strategic Report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17456
Autoclaved Aerated Concrete (AAC) is produced industrially using cement, fly ash, or fine aggregate. The weight of AAC panels and blocks, which ranges from 1/6 to 1/3 of that of conventional concrete, makes them lightweight building materials. Additionally, it goes by the names porous concrete, autoclaved cellular concrete, aircrete, foam concrete, and autoclaved lightweight concrete.
Factors Influencing Market Growth
AAC Blocks are exceptional and distinctive building materials that provide the highest level of flexibility, durability, and usability. These elements will fuel the market.
The expansion in infrastructure projects and construction has raised the demand for commercial, residential, and industrial buildings, which has also contributed to the industry’s long-term growth. This factor is estimated to create lucrative opportunities in the market.
Lack of awareness among consumers regarding AAC block quality can constrain market growth.
Study of the COVID-19 Pandemic
The COVID-19 pandemic had a negative impact on the market. Due to the lockdown enacted by the government and the closure of construction sites, the majority of the migrant and local workers employed at the sites were unable to get to their places of employment. There was a notable decline in the demand for AAC blocks and non-reinforced panels internationally since they are now often employed in construction.
However, the government’s large reduction in funding for infrastructure and building projects owing to increased emphasis on boosting the healthcare system had an impact on the sales of AAC blocks and panels. As construction is a volatile enterprise, decreased economic activity is a result of weak demand for industrial, commercial, residential, or renovation projects has impacted the market size.
Get a Sample PDF copy of the report @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17456
Regional Insights
Asia-Pacific dominated the market in 2021, and it is anticipated that it will continue to be the fastest-growing sub-segment during the forecast period. The AAC restricts demand in nations like India and China, which are expanding quickly because of increasing demand for a variety of services including entertainment and education. It offers a significant opportunity for facility building. Additionally, these countries’ expanding populations have boosted the need for residential construction, which has prompted their governments to start some initiatives to encourage the development of these buildings. These factors drive the market in this region.
Leading Competitors
The leading competitors in the global AAC blocks and panels market are:
UAL INDUSTRIES LTD
JK Lakshmi Cement Ltd
H+H UK LIMITED
Xella Group
Biltech Building Elements Limited
UltraTech Cement Ltd
AERCON Aac
Wehrhahn GmbH
Akg Gazbeton
Solbet
Others
Segmentation Analysis
The global AAC blocks and panels market segmentation focuses on Product Type, End User, and Region.
Segmentation based on Product Type
Blocks
Panels
Lintels
Others
Segmentation based on End User
Residential Construction
Commercial Construction
Industrial Construction
Infrastructure Construction
Download Sample Report, SPECIAL OFFER (Avail an Up-to 30% discount on this report ) @https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17456
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
AAC Blocks and Panels Market Research Report Scenario includes:
>The report provides qualitative and quantitative trends of global AAC Blocks and Panels Market across type, type of products, service, and geography.
>The report starts with the key takeaways, highlighting the key trends and outlook of the global AAC Blocks and Panels Market.
>Provides the research methodology of the study.
>Further provides PEST analysis for each region.
>Highlights the key industry dynamics in the AAC Blocks and Panels Market, including factors that are driving the market, prevailing deterrent, potential opportunities as well as future trends. Impact analysis of these drivers and restraints is also covered in this section.
>Discusses the global AAC Blocks and Panels Market scenario, in terms of historical market revenues, and forecast till the year 2031.
Full Report Description, TOC, Table of Figure, Chart, etc.-https://reportocean.com/industry-verticals/sample-request?report_id=bwcc17456
About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today’s competitive environment. Report Ocean is a ‘one-stop solution’ for individuals, organizations, and industries that are looking for innovative market research reports.
Get in Touch with Us:
Report Ocean:
Email:sales@reportocean.com
Address: 500 N Michigan Ave, Suite 600, Chicago, Illinois 60611 – UNITED STATES Tel: +1 888 212 3539 (US – TOLL FREE)
Website:https://www.reportocean.com/