China AAC Blocks and Panels Market Assessment, By Product Type [Blocks, Panels, Lintels, Others], By End-use [Residential, Commercial, Industrial], By Region, Opportunities and Forecast, 2017-2031F

China AAC Blocks and Panels Market is projected to witness a CAGR of 9.22% during the forecast period 2024-2031, growing from USD 3.20 billion in 2023 to USD 6.48 billion in 2031.

China AAC Blocks and Panels Market Size, Trends, Report 2031

China AAC blocks and panels market&nbsp;is projected to witness a&nbsp;CAGR of 9.22%&nbsp;during the forecast period 2024-2031, growing from&nbsp;USD 3.20 billion&nbsp;in 2023 to&nbsp;USD 6.48 billion&nbsp;in 2031. China is working to increase the use of green building materials and improve the sustainability of its infrastructure. Government regulations and environmental consciousness are driving the construction industry's increasing focus on sustainability. Due to its eco-friendly qualities, including its decreased energy usage and carbon emissions, autoclaved aerated concrete (AAC) is a preferred material for green buildings. Technological advancements in the manufacturing of AAC are improving the quality and efficiency of AAC panels and blocks. Modern manufacturing techniques, such as sophisticated autoclaving and material management systems, lower costs and improve the dependability of AAC. Recent advancements in AAC technology aim to increase general durability, fire resistance, and thermal insulation. The spectrum of applications is growing due to innovations such as higher-density materials and reinforced AAC.
The rapid urbanization and belt and road initiatives is expected to bring new opportunities for the market. An increased number of sustainable infrastructural projects are expected to add value to the market. The government&rsquo;s focus on green construction projects to limit carbon emissions is driving the demand of the market.
For instance, in March 2024, The National Development and Reform Commission (NDRC) of China set a goal to significantly increase energy efficiency and reduce carbon emissions in the construction industry by 2027 through the development of high-quality, green, low-carbon buildings. This new goal is anticipated to raise domestic Chinese demand for AAC panels and blocks, which are essential building materials for green structures.
<h2 style="text-align: justify;">Urbanization and Infrastructure Development to Fuel Regional Market Growth</h2>
Rapid urbanization in China drives the demand for residential and commercial buildings, thereby increasing the need for building materials such as AAC blocks and panels. Large-scale government infrastructure projects, such as roads, bridges, and public buildings, are driving the growth of the AAC market. China's focus on sustainability and energy efficiency has increased demand for eco-friendly building materials and AAC blocks, known for their insulating properties and reduced environmental impact.
Stricter building codes and construction standards encourage using materials, such as aerated concrete, which offer better insulation and energy efficiency than traditional building materials. Additionally, growing consumer awareness of sustainable construction practices influences the demand for eco-friendly materials such as aerated concrete blocks. Modern, high-energy efficiency, aesthetically comfortable buildings, and the growing taste of buildings promote the use of AAC blocks and panels. Companies in China collaborate to expand their supply chain and build distribution channels.
For instance, in January 2022, Witpride, Aircrete Europe, and Aircrete China of Aircrete Group N.V. finished their first AAC plant project for Zhejiang Yuanzhu Housing Industrialization Co. Ltd. (Yuanzhu), a prominent building material company in China and a subsidiary of Dingyuan Group.
<h2 style="text-align: justify;">Cost-Effectiveness and Technological Advancements&nbsp;to Fuel Market Growth</h2>
China AAC blocks and panels market is fueled by cost-effectiveness and technological advancements due to specific local factors and trends. China has a relatively abundant supply of raw materials for AAC production, such as sand and lime, which helps lower costs. Local sourcing reduces transportation and import costs. Leading Chinese manufacturers benefit from large-scale operations, which further reduces unit production costs and allows them to offer competitive prices. The Chinese government is encouraging energy-saving construction methods. AAC blocks' excellent insulation properties align with the country's energy-saving initiatives, making them a cost-effective option for meeting building energy standards. Companies focus on reshaping their product line and offerings while considering the environmental benefits.
For instance, in June 2023, Chinese companies named Changzhou Machinery &amp; Equipment Import &amp; Export Company (AMECCO) and Jiangsu Teeyer Intelligent Equipment Company signed a deal with Bigbloc Construction's joint venture (JV) businesses, Siam Cement Big Bloc Construction Technologies (SCBBCTPL) and SCG International Corporation, regarding the autoclaved aerated concrete blocks (AAC) plant. These companies will get machinery and technical services from the joint venture businesses.
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<h2 style="text-align: justify;">Residential Construction Segment to Dominate Market Share</h2>
Residential construction is expected to hold a significant share of China AAC blocks and panels market. The demand for AAC blocks and panels is further fueled by the need to build more residential units to satisfy the growing population. China's fast urbanization has raised the demand for residential real estate. There is a strong push for new residential buildings as more people relocate into metropolitan areas, which increases the need for building materials such as AAC blocks. Superior thermal insulation provided by these blocks helps residential buildings save energy. The desire of homeowners to reduce their energy expenses and environmental effects makes it crucial. In residential contexts, the acoustic qualities of AAC blocks are advantageous as they improve living comfort by offering superior sound insulation from outside noise and between rooms. China is rapidly investing in major infrastructural projects comprising rebuilding and renovation.
For instance, in February 2024, the Chinese government planned to invest around USD 167 billion for projects involving industrial upgrades in the Shandong province. Furthermore, the government has planned 333 projects with an investment of USD 137.59 billion for East China&rsquo;s Zhejiang province.
Major projects being implemented rapidly across the nation are projected to provide a significant boost to investment, further expanding China AAC blocks and panels market.
Future Market Scenario (2024 &ndash; 2031F)
1.&nbsp;Sustainable building and enhanced manufacturing of AAC blocks through waste and construction, along with demolition, are expected to garner market growth in China.
2.&nbsp;Higher economic activities, which will push the residential and construction sectors, are expected to propel market growth.
3.&nbsp;Increased demand for affordable and lightweight construction materials is projected to add value to the market.
Report Scope
&ldquo;China AAC Blocks and Panels Market Assessment, Opportunities and Forecast, 2017-2031F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of China AAC blocks and panels market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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2023
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Historical Period
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2017-2022
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Forecast Period
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2024-2031
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Projected Growth Rate
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CAGR of 9.22% between 2024 and 2031
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Revenue Forecast in 2031
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USD 6.48 billion
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Segments Covered
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Product Type, End-use
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Regions Covered
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South, East, North, Northeast, Central, Southwest, Northwest
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Key Companies Profile
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Anhui KEDA Industrial Co. Ltd., Jiangsu Teeyer Intelligent Equipment Corp., Ltd., Hongfa Group, Beijing REIT Equipment Technology Co., Ltd., Aircrete China Co. Ltd. (Aircrete Group), QGM Quangong Machinery Co. Ltd., Hangzhou Progeneus Innovative Building Materials Co., Sinomega Innovative Materials Group, Jiangsu Huilong International Corporation, Guangzhou Besto Industrial Co., Ltd.
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report,&nbsp;China AAC blocks and panels market&nbsp;has been segmented into the following categories:&nbsp;
<ul style="text-align: justify;">
<li>By Product Type
<ul>
<li>Blocks</li>
<li>Panels</li>
<li>Lintels</li>
<li>Others</li>
</ul>
</li>
<li>By End-use
<ul>
<li>Residential</li>
<li>Commercial</li>
<li>Industrial</li>
</ul>
</li>
<li>By Region
<ul>
<li>South</li>
<li>East</li>
<li>North</li>
<li>Northeast</li>
<li>Central</li>
<li>Southwest</li>
<li>Northwest</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Companies in China AAC blocks and panels market use a mix of direct sales, distributors, and partnerships to reach various market segments. The effectiveness of distribution channels can significantly impact the market share. Efficient management of the supply chain, including raw materials procurement and logistics, is essential for maintaining competitiveness. Increasing emphasis on green building materials and sustainable construction practices is driving demand for energy-efficient AAC products, compelling companies to sell these products with green labeling. Also, the key players are focusing on the international expansion of their products.
For instance, in February 2024, Jiangsu Teeyer Intelligent Equipment Corp., Ltd. attended the World Ophthalmology Congress 2024. The company launched its leading AAC block and panel production line with engineered solutions at WOC 2024, demonstrating Teeyer's leading products, technology, and product lifecycle management services to users in the American market.
Key Players Operating in China AAC Blocks and Panels Market are:
<ul style="text-align: justify;">
<li>Anhui KEDA Industrial Co. Ltd.</li>
<li>Jiangsu Teeyer Intelligent Equipment Corp., Ltd.</li>
<li>Hongfa Group</li>
<li>Beijing REIT Equipment Technology Co., Ltd.</li>
<li>Aircrete China Co. Ltd. (Aircrete Group)</li>
<li>QGM Quangong Machinery Co. Ltd.</li>
<li>Hangzhou Progeneus Innovative Building Materials Co.</li>
<li>Sinomega Innovative Materials Group</li>
<li>Jiangsu Huilong International Corporation</li>
<li>Guangzhou Besto Industrial Co., Ltd.</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul style="text-align: justify;">
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
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China AAC Blocks and Panels Market Assessment, Opportunities and Forecast, 2017-2031F

China AAC blocks and panels market is driven by increased demand for sustainable construction materials, growing urbanization, and energy efficiency needs. Government incentives and rising infrastructure projects further fuel the market growth.

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