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. Download FREE Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=15565
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 AwarenessDue 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 ConcreteCOVID-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:
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.
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.
AttributeDetailsBase Year2023Historic Data2019 – 2022Estimated Year2024Forecast Period2025 – 2029Quantitative UnitsRevenue in USD Million and CAGR for 2019-2023 and 2025-2029Report coverageRevenue forecast, company share, growth factors, and trendsSegments coveredBy Product TypeBy End UserBy ApplicationBy RegionCountry scopeIndiaRegion scopeNorth India, South India, West India & East India.Key companies profiledJK 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..Customization scope10% free report customization with purchase. Addition or alteration to country, regional & segment scope.Pricing and purchase optionsAvail customized purchase options to meet your exact research needs. Explore purchase optionsDelivery FormatPDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
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:
- By ValueBy Product Type (Block, Lintel, Floor Elements, Roof Panel, Wall Panel, Cladding Panel, Others)By End User (Residential, Commercial, Industrial, Infrastructure)By Application (Construction Materials, Road Construction, Roof Insulation, Bridge Sub-Structure, Void Filling, Others)By Region (North India, South India, West India & East India)Market Size & ForecastMarket Share & ForecastBy Company (2023)Market Map
- By ValueBy Product TypeBy End UserBy ApplicationMarket Size & ForecastMarket Share & Forecast
- By ValueBy Product TypeBy End UserBy ApplicationMarket Size & ForecastMarket Share & Forecast
- By ValueBy Product TypeBy End UserBy ApplicationMarket Size & ForecastMarket Share & Forecast
- By ValueBy Product TypeBy End UserBy ApplicationMarket Size & ForecastMarket Share & Forecast