Asia-Pacific
autoclaved aerated concrete market is anticipated to register a robust CAGR
during the forecast period 2024-2028 owing to rising industrialization &
population, growing infrastructure investment by various emerging countries,
rising government initiatives as well as government investment in the
construction sectors.
Autoclaved
aerated concrete (AAC) is a precast, lightweight, and foam concrete building
material suitable for producing concrete masonry units like blocks. In addition
to cement, water, lime, calcined gypsum, quartz sand, and aluminum powder are
other ingredients of AAC. AAC offers durability, insulation, and resistance to
mold and fire. AAC materials can be painted or coated with a plaster or stucco
mixture to shield them from outside influences. Autoclaved aerated concrete can
also be used for both interior and exterior construction.
Rising
Infrastructure Developments
Various
governments have invested a lot in infrastructure expansion for the
improvements in the economy of the countries across the Asia-Pacific Region.
Residential infrastructure and smart cities, particularly metropolitan centres,
are also being planned and developed to accommodate the anticipated rise in the
urban population for the upcoming years. In the Asia-Pacific region, China
is one of the emerging countries, when compared to others, in terms of growing
infrastructural activities across the region. For instance, China is decided to
build high-speed and efficient information infrastructure to enhance data
perception, transmission, storage, and computing capabilities across the
country. Additionally, state council of China announced that China government
decided to expand its railway infrastructure by 19,000 kilometres, out of which
12,000 kilometres for high-speed rail. Also, the country has decided to build
29 new passenger airports across the country. Furthermore, China government
removed caps of loans to finance affordable rental housing & offer a
housing solution across the country. Therefore, the market for autoclaved
aerated concrete in Asia-Pacific is projected to grow due to expanding infrastructure
advancements in the upcoming years across the region.
Ease in
Application
Autoclaved
aerated concrete (AAC) is lighter in weight which can be easier to cut into the
required size of the blocks, sheets, and panels as per the market as well as clients
demands. The components of AAC facilitate the quicker and easier installation
of building structures as compared to the other traditional concrete material,
that leads to increase in the construction process. Due to the ease of
application, the demand for autoclaved aerated concrete is anticipated to grow
during the forecast period.
Rising
Government Initiatives
In the
Asia-Pacific region, the autoclaved aerated concrete market is expected to grow
in the upcoming year owing to rising investment infrastructure sector, rising
population, and increasing urbanization, increasing government initiatives
among others. There are various initiatives as well that have led the market of
AAC in the upcoming years.
For
instance,
- Pradhan Mantri Awas Yojna - On June 25, 2015, Pradhan Mantri
Awas Yojana - Urban (PMAY-U), a major project of the Indian government, is
being carried out by the Ministry of Housing and Urban Affairs (MoHUA).
The mission addresses the lack of urban housing among the EWS/LIG and MIG
categories, including slum people, by ensuring that every eligible urban
household had a pucca home by 2022 when the nation would have celebrated
75 years of independence. Therefore, this initiative is likely to propel
the market of autoclaved aerated concrete during the forecast period.
- Affordable Rental Housing Complexes
– In India, a
variety of housing schemes has been launched by the union government,
which may directly impact the market of autoclaved aerated concrete in the
upcoming years. For instance, the Ministry of Housing and Urban Affairs
(PMAY-U) has introduced Affordable Rental Housing Complexes (ARHCs), a
sub-scheme of Pradhan Mantri Awas Yojana - Urban. This makes it easier for
urban migrants and the advantaged to find a decent and inexpensive rental
accommodation close to their places of employment in the industrial
sector.
- Expanding transport infrastructure
in China
The high-speed
rail system in China has historically been a significant factor in economic
growth and a major area of focus for local government investment. The
comprehensive plan contains information on enlarging China's roadway, passenger
airport, and intercity and high-speed rail networks.
- Environmental infrastructure in
China
China's State
Council issued a guideline on February 9, 2022, seeking regional
administrations and business sectors to quicken the development of urban
environmental infrastructure. Environmental infrastructure is type of
infrastructure that helps to integrate sewage, trash, solid waste, hazardous
waste, medical waste treatment and disposal facilities, as well as the
necessary monitoring and supervisory capabilities, into a system.
Rising
Investments in the Construction Sector
The rising
population, enhanced lifestyle, and modern house requirements among others played
an important role in rising investment in the construction sector by the
government of the Asia-Pacific region. Various countries like China, India,
Australia, and New Zealand among others invested millions of dollars in
construction activities. For instance,
- In 2022, Vietnam, one of the ASEAN
nations invested a majority of the fund in infrastructure projects that
include the construction of hospitals, commercial hotels, and higher
education institutions, among others across the country. Also, the country
allocated 6% of its GDP to construction sector compared to an average of
2.3 % for the other nations in the region.
- Every eligible urban household
received a pucca house in 2022 and the Pradhan Mantri Awas Yojana (PMAY)
budget has increased by 280% since 2016-17, going from USD 2515.32 million
in the most current 2023–24 budget to USD 9550.8 million in the upcoming
years. This is the government's primary housing scheme. There are further
initiatives including "Housing for All" and the "Smart
Cities Mission" for building environmentally friendly infrastructure
all around the country.
Social
Welfare Infrastructure in China
- In February 2022, the city of
Chengdu in Sichuan province announced that it would invest USD 23.6
billion with the aid of banks to "build, reconstruct, renovate, and
revitalise" 300,000 affordable rental homes by 2025, with
approximately 60,000 to be finished by the end of 2022.
- Over the anticipated period, the
market for autoclaved aerated concrete (ACC) is anticipated to expand,
which is anticipated to increase demand for ACC in the
upcoming years. The initiatives by the Indian government are
projected to support the development and maintenance of reliable
infrastructure. For instance, according to a recent World Bank study
published in November 2022, India would spend USD 840 billion, or
USD 55 billion year, on urban infrastructure over the next 15 years.
The nation's fast-growing urban population is responsible for this.
In the upcoming years, more people are anticipated to seek homes in
rural as well as urban regions. Therefore, the market for ACC is
anticipated to boost in the forecast period 2024-2028F.
- In Union Budget 2022-2023of India-
- The government has allotted USD
130.57 billion to upgrade the infrastructure sector. Thus, this
investment provides a significant boost in the autoclaved aerated
concrete market for the forecast period.
- The Ministry of Housing and Urban
Affairs received approximately USD 9.85 billion from the government
to fund infrastructure projects all around the nation.
Therefore,
the Asia-Pacific autoclaved aerated concrete market is expected to boost in the
forecast period.
Challenges:
Lack of
Awareness about the Autoclaved Aerated Concrete
AAC is not a
material that is widely used in the construction market due to people not being
aware of its advantages. It's not frequently the first alternative picked by
builders or clients who intend to construct their houses and workplaces. This
is particularly true in underdeveloped countries where fly ash bricks and
regular concrete are the two most common construction materials. In addition,
many small builders and end users lack knowledge regarding the benefits of
autoclaved aerated concrete in the construction sector. Additionally, the bulk
of construction workers in less developed countries is not trained to use AAC.
The Asia-Pacific autoclaved aerated concrete market is anticipated to see slow
growth due to a lack of skilled workforce in AAC and the dominance of
traditional building materials across the country.
Recent
Developments:
- In Budget 2022 of New Zealand, the
govt allocated around USD 62 billion for infrastructure projects between
2022 and 2026 to expand its infrastructure sector, which can lead to a
rise in the demand for autoclaved aerated concrete material in the
upcoming years.
- Additionally, the Australian
government has announced to invest around USD 146 million for public infrastructure
projects between 2021 to 2025.
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Market
Segmentation
Asia-Pacific
autoclaved aerated concrete market is divided into product type, end user, and
applications. Based on product type, the market is divided into block, lintel,
floor elements, roof panel, wall panel, cladding panel, and others. Based on
end user, the market is divided into residential, commercial, industrial, and
infrastructure. Based on application, the market is divided into construction
materials, road construction, roof insulation, bridge sub-structure, void
filling, and others. The market analysis also studies the country segmentation
among China, Australia, India, Japan, South Korea, New Zealand, Malaysia,
Singapore, Indonesia, and Vietnam.
Market
Players
Major market
players in the Asia-Pacific autoclaved aerated concrete market are Guangxi
Hongfa Heavy Machinery Co. Ltd, Fujian Qunfeng Machinery Co. Ltd, Build mate
Projects Pvt Ltd, CSR Limited, Celcrete Cladding Systems NZ Ltd, New Era Block
Tile Jsc, JK Lakshmi Cement Ltd, Ambuja Cements Ltd, PT. Broco Pearl Electrical
Industry, and HIL Limited.
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Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 –
2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024
– 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments covered
|
Product
Type
End
User
Application
Country
|
|
Country scope
|
China,
Australia, India, Japan, South Korea, New Zealand, Malaysia, Singapore,
Indonesia, and Vietnam.
|
|
Key companies profiled
|
Guangxi
Hongfa Heavy Machinery Co. Ltd, Fujian Qunfeng Machinery Co. Ltd, Build mate
Projects Pvt Ltd, CSR Limited, Celcrete Cladding Systems NZ Ltd, New Era
Block Tile Jsc, JK Lakshmi Cement Ltd, Ambuja Cements Ltd, PT. Broco Pearl
Electrical Industry and HIL Limited.
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
|
Report
Scope:
In this report,
the Asia-Pacific autoclaved aerated concrete market has been segmented into the
following categories, in addition to the industry trends which have also been
detailed below:
- Asia-Pacific Autoclaved Aerated
Concrete Market, By Product Type:
- Block
- Lintel
- Floor Elements
- Roof Panel
- Wall Panel
- Cladding Panel
- Others
- Asia-Pacific Autoclaved Aerated
Concrete Market, By End User:
- Residential
- Commercial
- Industrial
- Infrastructure
- Asia-Pacific Autoclaved Aerated
Concrete Market, By Application:
- Construction Materials
- Road Construction
- Roof Insulation
- Bridge Sub-Structure
- Void Filling
- Others
- Asia-Pacific Autoclaved Aerated
Concrete Market, By Country:
- China
- Australia
- India
- Japan
- South Korea
- New Zealand
- Malaysia
- Singapore
- Indonesia
- Vietnam
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Asia-Pacific autoclaved aerated
concrete market.
Available
Customizations:
TechSci
Research offers customizations according to a company's specific needs. The
following customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
The
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