Autoclaved Aerated Concrete Market 2016 Share, Trend and Forecast Autoclaved Aerated Concrete (AAC) Market - Global | Page 2

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Europe to Remain Key Growth Destination for AAC Market
In terms of revenue, Europe dominated the global AAC market, accounting for more
than 34.0% of the market share in 2015. This is attributed to wide acceptance of
AAC as a building material in the region. It is also due to the fact that Europe is the
major producer of AAC with countries such as Poland, Germany, and the U.K.
producing a significant volume of the product. In Asia Pacific, emerging economies
such as China and India are consuming a high volume of AAC products, chiefly
owing to the vast rise in population and rapid rate of urbanization and the resultant
rise in the number of building construction projects.
Although the Europe AAC market will continue to be the dominant contributor of
revenue to the global AAC market over the forecast period as well, it will lose
prominence to the Asia Pacific AAC market in terms of rate of growth. The AAC
market in Asia Pacific will exhibit a promising 8.2% CAGR from 2016 through 2024
and capture a significant share of the global market by the end of the forecast
period.
Rise in purchasing power of people, accelerated urbanization, growing population,
and government efforts to provide affordable housing are anticipated to boost the
demand for AAC across developing economies in Asia Pacific and Latin America
during the forecast period. The autoclaved aerated concrete market in Middle East
& Africa is also likely to witness significant growth during the forecast period, due to
a vast rise in infrastructure development projects in the past few years.
Some of the key vendors operating in the global AAC market are Xella Group, H+H
International, SOLBET, ACICO, AERCON AAC, UltraTech Cement Ltd., Biltech Building
Elements Limited, AKG Gazbeton, Bulidmate, Eastland Building Materials Co., Ltd.,
Brickwell, and UAL Industries Ltd.
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