The India Autoclaved Aerated Concrete Blocks market is
anticipated to grow at a robust CAGR during the forecast period 2025-2029.
Autoclaved Aerated Concrete (AAC) is a precast, lightweight foam concrete
building material that is used to create blocks and other concrete masonry
components. It is made up of cement, water, lime, calcined gypsum, quartz sand
and aluminium powder. AAC offers support, insulation, and mould and fire
resistance. To protect against the weather, AAC products can be painted or covered
with a stucco or plaster mix. They can also be utilised for both interior and
exterior construction.
Rising Infrastructure Development
The Union Governments have made significant
investments in infrastructure growth to support their economies and create
employment. In order to meet the projected increase in the urban population
over the upcoming years, residential infrastructure as well as smart
cities, particularly urban centres, are also being planned and built. For
instance, in order to address the urban housing shortage among EWS/LIG and MIG
categories, including slum dwellers, the union government launched the Pradhan
Mantri Awasa Yojana in 2015. The goal of the programme is to provide all
eligible urban households with a pakka house. The budget for the Pradhan Mantri
Awas Yojana (PMAY), the government's main housing programme, has surged from
2016–17 by 280%, rising from USD 2515.32 million in the most recent 2023–24
budget to USD 9550.8 million. There are other programmes including "Housing
for All" and the "Smart Cities Mission" for the construction of
sustainable infrastructure across the nation. The market for autoclaved aerated
concrete blocks in India is projected to grow due to expanding infrastructure
in the upcoming years across the country.
Ease in Application
AAC (autoclaved aerated concrete) is easier to cut
into appropriate quantities such blocks, sheets, and panels and is less in
weight. Such elements allow the installation of AAC in structures more quickly
and easily than conventional concrete, accelerating the building process.
Demand for India's autoclaved aerated concrete blocks is projected to increase
due to the simplicity of application of AAC compared to conventional concrete
in buildings. Because to its great seismic resistance and small weight, the AAC
is particularly well suited for high-rise structures.
Challenges: lack of Awareness
Due to a lack of knowledge about its advantages, AAC
is not a material that is widely used in the building sector. Builders and
clients who want to build their houses, workplaces, or businesses don't
typically choose it as their first option. This is particularly the case in
developing nations where normal concrete and fly ash bricks are the two main
building materials. In addition, a lot of small builders and end users are
extremely ignorant about the advantages of autoclaved aerated concrete for
aesthetic purposes. The majority of the building labour force in underdeveloped
nations is also unqualified to use AAC. The India Autoclaved Aerated Concrete
Blocks Market is anticipated to see slow growth due to a lack of knowledge
about AAC and the dominance of traditional building materials across the
country.
Impact of Covid: Declined Demand for Autoclaved
Aerated Concrete
COVID-19 has heavily impacted in economy. Several
companies also struggled to preserve their financial viability during
lockdowns. India's unemployment rate was reported to be close to 7% as of May
2022. The customer demand for expensive goods decreased as a result of these
economic consequences. Due to its greater manufacturing costs, AAC is more
expensive than normal concrete. Because of the uncertainties in the economy,
many buyers opted for a less expensive alternative to building. Also, the fall
in their income during the lockout period forced many private builders to
modify their purchase orders, substituting concrete for AAC to lower the cost
of building. This had a negative impact on the India Autoclaved Aerated
Concrete Blocks Market.
- Recent Developments/Government Initiatives:
- The government's increasing activities to assist
the construction and maintenance of dependable infrastructure are expected
to grow the market for Autoclaved Aerated Concrete (ACC) over the
projected period, which is expected to raise the demand for ACC
blocks in the upcoming years. For instance, a new World Bank research
released in November 2022 estimates that India would spend USD 840
billion, or USD 55 billion year, on urban infrastructure over the next 15
years. This is due to the nation's rapidly expanding urban population. The
demand for urban and rural houses is expected to rise in the upcoming
years. Therefore, the market for ACC Blocks is anticipated to boost in the
forecast period 2025-2029F.
- In addition, the Union Government increased its
3.3% GDP or USD 120 billion capital investment in infrastructure. This
growth is anticipated to significantly improve the infrastructure sector
and increase demand for ACC blocks in monuments and construction sites.
The union government has also launched a variety of programs, including
Homes for All, Made in India, Pradhan Mantri Gati Shakti Master Plan,
Pradhan Mantri Awes Yojana, among others, with a focus on the
infrastructure sector in both urban and rural regions.
- In December 2021, India's Ministry of Road
Transport and Highways (MoRTH) announced investments in infrastructure
projects totaling USD 92.4 billion. The industry is anticipated to grow as
a result of the government's goal to significantly increase the supply of
affordable housing units for low- and middle-income cohorts under the
"Housing for All" plan of 2022. Between 2023 and 2026, the
construction industry is predicted to grow by 6.2% per year, with
funding coming from the "Pradhan Mantri Gati Shakti Master
Plan." The National Infrastructure Pipeline (NIP), whose anticipated
cost is USD 1.5 trillion between FY 2020 and FY 2025, also boosts the
production of the industry (April 2019 to March 2025).
- Pradhan Mantri Aawas Yojna - On June 25,
2015, the Government of India started the Pradhan Mantri Awas Yojana -
Urban (PMAY-U), a flagship mission that is being carried out by the
Ministry of Housing and Urban Affairs (MoHUA).
- Affordable Rental Housing Complexes - Affordable
Rental Housing Complexes (ARHCs), a sub-scheme of Pradhan Mantri Awas
Yojana - Urban, have been launched by the Ministry of Housing & Urban
Affairs (PMAY-U). This makes it easier for urban migrants and the
disadvantaged to find decent, inexpensive rental accommodation close to
their places of employment, both in the industrial sector and the informal
urban economy.
- Global Housing Technology Challenge – India
The Global Housing Technology Challenge - India
(GHTC-India), which was started by the Ministry of Housing and Urban Affairs
(MoHUA), aims to find and mainstream a variety of cutting-edge construction
technologies from around the world for the housing construction sector that are
sustainable, eco-friendly, and disaster-resistant.
In Union Budget 2022-2023
- The government has allocated USD 130.57 billion
to improve the infrastructure sector, giving it a significant boost in the
infrastructure sector.
- The National Highway Authority of India
received USD 17.24 billion from the government for infrastructure projects
across the country.
- The Union Government had announced that USD 7.72
billion has been allocated to the Ministry of Road Transport and Highways
for the enhancement of infrastructure projects across the nation.
- The government has announced an investment of
approximately USD 9.85 billion to the Ministry of Housing and Urban
Affairs for projects across the country.
- The Union government has allocated fund
approximately USD 10.87 billion to the Department of Telecommunications to
build and improve the nation's telecom infrastructure across the country.
- The total revenue expenditure by Railways is
projected to be USD 30.48 billion.
- Within the next three years, 100 PM-GatiShakti
Cargo Terminals for multimodal logistics facilities are anticipated to be
built.
- Focus was on the PM GatiShakti - National Master
Plan for economic zones' multimodal connectivity. The PM GatiShakti
National Master Plan is expected to integrate everything including
from highways to trains, from aviation to agriculture, as well as numerous
ministries and departments.
- As of 22 August 2022, the Pradhan Mantri Awas
Yojna (PMAY-Urban) plan has sanctioned 122.69 lakh homes, grounded 103.01
lakh homes, and finished 62.21 lakh homes.
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Market Segmentation
India Autoclaved Aerated Concrete Blocks 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 regional segmentation to devise regional
market segmentation, divided among North India, South India, West India and
East India.
Market Players
Major market players in the India Autoclaved Aerated
Concrete Blocks market are JK Lakshmi Cement Ltd, Biltech Building Elements
Limited, Magicrete Building Solutions Pvt Ltd, Renaatus Procon Private Limited,
Ambuja Cements Ltd, Godrej & Boyce Mfg. Co. Ltd, Aceton Industries
Resources Private Limited, Methra Industries India Private Limited, HIL
Limited, and Siporex India Private Limited.
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Attribute
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Details
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Base Year
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2023
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Historic Data
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2019 –
2022
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Estimated Year
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2024
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Forecast Period
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2025
– 2029
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Quantitative Units
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Revenue in USD Million and CAGR for 2019-2023 and 2025-2029
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Report coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments covered
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By Product
Type
By End
User
By Application
By
Region
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Country scope
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India
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Region scope
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North India, South India, West India & East India.
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Key companies profiled
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JK Lakshmi
Cement Ltd, Biltech Building Elements Limited, Magicrete Building Solutions
Pvt Ltd, Renaatus Procon Private Limited, Ambuja Cements Ltd, Godrej &
Boyce Mfg. Co. Ltd, Aceton Industries Resources Private Limited, Methra
Industries India Private Limited, HIL Limited, and Siporex India Private
Limited..
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Customization scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
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Pricing and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
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Delivery Format
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PDF
and Excel through Email (We can also provide the editable version of the
report in PPT/Word format on special request)
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Report Scope:
In this report, the India Autoclaved Aerated Concrete Blocks market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
·
India Autoclaved Aerated Concrete Blocks Market, By
Product Type:
o
Block
o
Lintel
o
Floor Elements
o
Roof Panel
o
Wall Panel
o
Cladding Panel
o
Others
·
India Autoclaved Aerated Concrete Blocks Market, By
End User:
o
Residential
o
Commercial
o
Industrial
o
Infrastructure
·
India Autoclaved Aerated Concrete Blocks Market, By
Application:
o
Construction Materials
o
Road Construction
o
Roof Insulation
o
Bridge Sub-Structure
o
Void Filling
o
Others
·
India Autoclaved Aerated Concrete Blocks Market, By
Region:
o
North India
o
South India
o
West India
o
East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present
in the India Autoclaved Aerated Concrete Blocks 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).
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