Global AAC Blocks and Panels Market Growth to Boost with Growing Innovations by Market Players

The construction industry is coming up with innovative advances to create sturdy as well as visually appealing structures. Several traditional materials have been replaced with modern building materials and tools in recent years. Autoclaved aerated concrete (ACC) is an advanced building material with unique properties that makes it better than traditional bricks. ACC blocks and panels help in upholding the protection of a building infrastructure in numerous ways. Additionally, they are eco-friendly, lightweight, durable, uniform in size & shape, and save the overall cost of construction. Therefore, they are considered as the best substitute for regular building materials such as red bricks.

Why is the Demand for AAC Blocks and Panels Skyrocketing?

The demand for AAC blocks and panels is rising with the growing construction activities in urban areas. The huge global population holds an enormous demand for private and attractive homes. Besides, industries and manufacturing plants extensively use advanced building materials like AAC blocks and panels in their infrastructure. The application of AAC blocks and panels is expected to upsurge in the upcoming years as building developers & engineers have become more aware of the numerous benefits of using AAC blocks over clay and fly ash bricks.

Recent Trends in the AAC Blocks and Panels Market

As per a report by Research Dive, the global AAC blocks and panels market is expected to garner $34,361.6 million by 2031, with the Asia-Pacific region market experiencing rapid growth. This region is expected to be the largest market for AAC blocks and panels, mainly because of the evolving construction sector and rising focus on the construction of green structures in this region.

How are the Market Players Responding to the Rising Demand for AAC Blocks and Panels?

The rising awareness about the benefits of advanced building materials is driving the demand for AAC blocks and panels. Leading players in the AAC blocks and panels market are significantly investing in innovative product launches to fulfil the mounting demand for AAC blocks and panels. Some of the leading players in the AAC blocks and panels market are Biltech Building Elements, MASA GmbH, Aercon AAC, CK Birla Group, AKG Gazbeton, JK Laxmi Cement, CSR Ltd., Forterra plc, H+H International A/S, Xella., and others. These players are focused on developing strategies such as partnerships, mergers and acquisitions, novel developments, and collaborations to achieve a prominent position in the worldwide market. For instance,

• In January 2020, Topcem Cement, the producer of the AAC Blocks in North East India, under a joint venture introduced the Recognition of Prior Learning (RPL) programme in the construction industry under Pradhan Mantri Kausal Vikas Yojana (PMKVY) at Topcem India. PMKVY is the flagship scheme of the Ministry of Skill Development & Entrepreneurship (MSDE), Government of India.
   
• In June 2021, Magicrete, a leading producer of AAC products, dry mix mortars & precast construction solutions, introduced Autoclaved Lightweight Concrete (ALC Wall Panels), a substantial shift in wall building technology in India.
   
• In February 2022, BIGBLOC Construction Ltd, a company involved in the manufacture, sale, and marketing of AAC blocks, announced to expand its footprint in Maharashtra state by setting up a novel Greenfield Project of AAC Blocks with a capacity of nearly 5,00,000 cubic meters per year in the Palghar District.

COVID-19 Impact on the AAC Blocks and Panels Market

The abrupt rise of the coronavirus pandemic has negatively impacted the global AAC blocks and panels market. This is primarily owing to the implementation of strict lockdown and restrictions on the import or export of the raw materials required in the production of AAC blocks and panels. Also, the stoppage of construction projects has greatly declined the demand for AAC blocks and panels, thus reducing its sales. However, as the global construction sector is recovering with the relaxation of the pandemic situation, the AAC blocks and panels market is anticipated to flourish in the upcoming years.