The autoclaved aerated concrete market will grow at a compound annual growth rate of 6% by the end of this decade, and it will reach USD 8,314.9 million by 2030.
The industry is primarily driven by high investments in construction sector and also the rise in large-scale construction projects taking place mainly in developing nations.
Blocks will grow the fastest, they are favored mainly for their easy installation, high thermal efficiency, and suitability for various construction projects. As these provide high stability, are lightweight, environment friendly, easy to cut and also possess high strength which ultimately makes them a preferred choice in construction sectors.
The increasing industrialization and urbanization have drove the requirement for AAC blocks significantly, as they have many properties such as fire & earthquake resistance, its low cost and also its availability in different sizes which helps to reduce the construction time. The demand is fueled in developing nations because of the growing focus on road connectivity, highways, and housing.
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APAC is both the largest and the fastest growing region over the forecast period and the main reasons for this growth are thriving real-estate industry, government investments on heavy infrastructure projects, rapid urbanization and the also the initiatives to support infrastructure projects.
For the mitigation of natural calamities, construction of disaster-resistant structures is on the rise, and in it AAC building blocks are considered a safe choice due to their lightweight nature, which reduces the overall weight of the structure. This has led to a shift in preference toward AAC materials over the conventional options.
It is because of the high investments in construction, rising large-scale projects all over the world, the demand for green & lightweight construction materials, the demand for autoclaved aerated concrete will continue to grow in the years to come.
