What Has Been the Growth Trajectory of the AAC Blocks And Panels Market?
The aac blocks and panels market has seen considerable growth due to a variety of factors.
• The market for AAC blocks and panels has seen robust growth in the past few years. The increase is predicted to continue, with the market size expected to rise from $21.21 billion in 2024 to $22.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 7.0%.
The expansion during the historical period can be credited to factors such as infrastructure development projects, adherence to building codes, innovative material improvements, and advancements, a concentrated emphasis on fire-resistant materials and the evolution of the construction industry.
What is the Market Size Forecast for the AAC Blocks And Panels Market?
The aac blocks and panels market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of AAC blocks and panels is forecasted to significantly expand in the coming years, achieving a valuation of $30.31 billion in 2029, with a compound annual growth rate (CAGR) of 7.5%.
This surge during the projection period is linked to rapid urbanization, infrastructure projects, government mandates on energy conservation, augmented residential housing demand, and escalating commercial construction activities. Key trends envisaged for the projected period include adaptability in architectural design, governmental assistance and incentives, a tilt towards green building principles, and sustainable construction methods.
Which Key Drivers Are Propelling Th AAC Blocks And Panels Market's Growth?
The growth of the AAC blocks and panels market is predicted to surge due to an upswing in construction activities. Construction activity encompasses any work related to land, including the infrastructure and structures of land-building. The increasing construction of buildings and development of infrastructure will surge the demand for AAC blocks, known for their lightweight, load-bearing, high insulation, and durability, as well as being three times lighter than red bricks. For instance, data from the Australian Bureau of Statistics, a government body based in Australia, indicated that the number of homes being built rose from 240,065 in 2022 to 240,813 in the first quarter of 2023. Additionally, in 2023, 103,778 out of these were newly built homes, marking an increase from 101,240 in 2022. Consequently, the AAC blocks and panels market is driven by this increase in construction activities.
What Are The Major Segments Within The AAC Blocks And Panels Market?
The AAC blocks and panels market covered in this report is segmented –
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
Subsegments:
1) By Blocks: Standard AAC Blocks, Lightweight AAC Blocks
2) By Panels: Wall Panels, Floor Panels
3) By Lintels: AAC Lintels, Precast Lintels
4) By Other Types: AAC Bricks, AAC Roof Tiles
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Which Trends Are Expected To Transform The AAC Blocks And Panels Market?
Leading businesses in the AAC blocks and panels market are pioneering new products like sustainable autoclaved aerated concrete (AAC) blocks in order to cement their market presence. These AAC blocks are environmentally friendly, recognized for their lightweight nature, advanced thermal insulation, and minimized damage to the environment. As such, they are frequently selected for eco-friendly construction projects. For example, Godrej Construction, a company based in India, introduced its TUFF AAC Blocks in June 2023. These blocks are designed to be economical, long-lasting, and environmentally friendly, as they use fly ash — a by-product of coal combustion. This makes them a green alternative to traditional brick manufacturing. The TUFF AAC Blocks are lightweight and speed up construction processes, while offering thermal insulation and fire resistance. This makes them well-suited to meet the increasing demand for environmentally friendly construction materials within the real estate industry.
Who Are the Key Players in the AAC Blocks And Panels Market?
Major companies operating in the AAC blocks and panels market include:
• UltraTech Cement Ltd.
• Ecotrend New Building Materials Development Co. Ltd.
• CK Birla Group
• Tarmac Building Products 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.
• Brikolite AAC Blocks
What Is The Most Dominant Region In The AAC Blocks And Panels Market?
Asia-Pacific was the largest region in the AAC blocks and panels market in 2024. 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.
