NEW YORK, May 31, 2018 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Market Research, Global autoclaved aerated concrete market is projected to reach $5,721.4 million by 2023, the growth of the market is majorly driven by the increasing urbanization and industrialization along with growth in the infrastructure sector, and increasing focus on green and sound proof buildings.
On the basis of application, the autoclaved aerated concrete market is segmented into construction material, road sub bases, roof insulation, bridge sub-structure, void filling, concrete pipes, and others; ‘others’ include shock and blast mitigation, site reconstruction, anti-corrosion fill, pavement base, and shock absorbing concrete. Of these, construction materials hold the largest share in the autoclaved aerated concrete market, attributed to its high use in the construction of high rise buildings, owing to its superior properties such as better heat prevention, better sound absorption, and lighter quality as compared to traditional concrete.
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Based on end user, the autoclaved aerated concrete market is categorized into residential buildings, commercial buildings, infrastructure, and others; ‘others’ include mining, agriculture, and geotechnical. Among these, infrastructure has been the largest contributor in the market, with more than 40.0% revenue share in 2017. Autoclaved aerated concrete is considered ideal for construction of infrastructure such as over-pass, bridges, and tunnels. This can be ascribed to its useful properties which make it ideal for use in infrastructure, such as one-fourth weight as compared to conventional concrete, minimal structural erection requirements, and others.
Increasing concern over safety of construction buildings from natural calamities has attracted the attention of the construction industry. The industry is constantly focusing on making materials that can withstand such incidents including earthquakes. Owing to light weight of these concrete blocks, the mass of the structure gets reduced, decreasing the impact of earthquake on the building. The tiny air pores in these concrete blocks and their thermal mass provides excellent thermal insulation, which in turn reduces the load on heating and air conditioning systems of the building, hence reducing energy consumption and cost. All these factors are resulting in the growth of the autoclaved aerated concrete market.
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The non-combustible nature of these concrete blocks provides an added advantage against fire, which generally accompanies earthquakes. It is non-combustible in nature and can withstand temperature of up to 1600° C, resulting in increased safety. Also, due to the structure of blocks of this concrete, it cannot be damaged or infested by termites and other pests.
Some of the major players operating in the global autoclaved aerated concrete market are Isotech Srl, Xella Group, Cematrix, ACICO Industries Company, Broco Group, Aircrete Europe, SOLBET Capital Group, Laston Italiana S.p.A., and Aerix Industries.
Related Research by P&S Market Research
Self-Levelling Concrete Market
Europe is estimated to account for the largest share in the self-levelling concrete market, with more than 30.0% contribution in 2017. The market in Europe is primarily driven by the growing local real estate construction industry. In Europe, the local real estate experts have witnessed an increase in focus on supply chain integration in the construction market in 2016. This has increased the commercial construction activity in the region, which in turn has propelled the market growth.
https://www.psmarketresearch.com/market-analysis/self-levelling-concrete-market
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