Categories: Metal & Construction

AAC Blocks And Panels Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The AAC Blocks And Panels Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s AAC Blocks And Panels Global Market Report 2024, 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 in the historic period can be attributed to infrastructure development initiatives, building code compliance, material innovations and advancements, focus on fire-resistant materials, construction industry evolution.

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 growth in the forecast period can be attributed to rapid urbanization and infrastructure projects, government regulations on energy efficiency, increasing demand for residential housing, growing commercial construction. Major trends in the forecast period include architectural design flexibility, government support and incentives, preference for green buildings, sustainable building practices.

An increase in construction activities is expected to boost the growth of the AAC blocks and panels market going forward. Construction activity refers to any activity that is related to the land, including land-building infrastructure and structures. Building infrastructure and construction of buildings would result in increasing demand for AAC blocks, as they are lightweight, load-bearing, high-insulating, durable building blocks and 3 times lighter when compared to red bricks. For instance, according to Zippia, a US-based job-recruitment company, there was a 4% rise in construction activities from 2020 to 2021 with 1,337,800 additional housing units. Therefore, an increase in construction activities drives the AAC blocks and panels market.

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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

Major companies operating in the AAC (Autoclaved Aerated Concrete) blocks and panels market are developing innovative products with advanced technologies such as precision molding. Precision molding is a type of injection molding that produces highly accurate and repeatable parts with superior surface finishes and tightly controlled material properties. For instance, in 2021, ultrapanel building technologies launched a new range of AAC panels called the ultrapanel cladding system. This system offers a lightweight, easy-to-install, and energy-efficient solution for exterior wall cladding, providing benefits such as reduced construction time, cost-effectiveness, high thermal insulation properties, and durability.

The aac blocks and panels market report table of contents includes: