“Global Autoclaved Aerated Concrete Market Size, Share, Development, Growth and Demand Forecast to 2022 – Industry Insights by Application (Construction Materials, Road Sub Bases, Roof Insulation, Bridge Sub-Structures, Void Fillings, Concrete Pipes and Others), By End User (Residential Buildings, Commercial Buildings, Infrastructures, and Others)”
New York, NY -- (SBWIRE) -- 12/14/2016 -- The global autoclaved aerated concrete market was valued at $3,753.6 million in 2015 and it is expected to grow at a CAGR of 8.1% during 2016 - 2022.
The major factors driving the growth of the global market include increasing industrialization and accelerated urbanization in developing countries, cost effectiveness and light weight material of AAC, and increased emphasis on sound proof & green building. The countries such as China and India are shifting its focus from agriculture based economies to industry based economies, thus generating potential demand for autoclaved aerated concrete. In last few decades, the developing countries are investing heavily on basic infrastructure facilities, such as rail, highways, bridges, tunnels, residential township projects and commercial constructions, which in-turn are generating huge demand for the autoclaved aerated concrete industry. Roof insulation and void filling are the emerging application segments in the global market.
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Geographically, Europe held the largest share in the global Autoclaved aerated concrete market in 2015. The major reasons behind the growth of the market in the region include rapid industrialization, increased urbanization and increased government's focus on use eco-friendly building materials.
Asia-Pacific is anticipated to be the fastest growing market for autoclaved aerated concrete during the forecast period. The residential and commercial buildings end user segments are the major segments showing significant growth in the global market. The increasing population and industrialization in Asia-Pacific is complimenting the growing demand from end-user industries in the region. The increasing urbanization in countries, such as China, India and Thailand, improving living standard of individuals and most important growth in the purchasing power of individuals are driving the growth of the autoclaved aerated concrete market in the Asia-Pacific region. The high production volume in Asia-Pacific has made it an attractive market for autoclaved aerated concrete.
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The key companies operating in the global autoclaved aerated concrete market include Isoltech srl, Xella Group, Cematrix, SOLBET Capital Group, Laston Italiana S.P.A, Aerix Industries, ACICO, Broco Industries, Aircrete Europe.
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