Technavio analyzes that the Autoclaved Aerated Concrete (AAC) Market is expected to grow at a CAGR of 6.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 7577.8 million.There are various factors that contribute to the growth of the market.ai_driver_list1
In the Autoclaved Aerated Concrete (AAC) market, non-residential applications encompass commercial buildings and infrastructures, including office spaces, retail outlets, restaurants, hotels, industrial structures, schools, and hospitals. Developed economies, such as the US, the UK, and various European countries, are projected to experience moderate growth in non-residential construction during the forecast period. In contrast, emerging economies, including China, India, Indonesia, Nigeria, South Africa, and Brazil, are poised for substantial investments in this segment to cater to the burgeoning demands for entertainment, education, and healthcare. Notably, countries like China, Japan, Singapore, Malaysia, and India are making substantial strides in construction and industrial infrastructure development. The Indian Government's "Make in India" initiative, aimed at fostering indigenous industrial growth, is also attracting substantial global investment. AAC's unique properties, such as energy efficiency, high load-bearing capacity, water resistance, mold resistance, mildew resistance, insect resistance, and rotting resistance, make it an ideal choice for non-residential construction projects.
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Autoclaved Aerated Concrete (AAC) Market Segmentation
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Autoclaved Aerated Concrete (AAC) is a lightweight, durable building material made from cement, fine aggregates, sand, fly ash, expansion agent, and water. Eco-friendly AAC blocks offer long-lasting performance with high compressive strength, fire resistance, and shear stress. They boast a sound reduction index, water resistance, mould resistance, mildew resistance, insect resistance, and rotting resistance. Non-combustible, AAC provides excellent thermal insulation and acoustic performance. Versatile in usage, these blocks have a dry density that ensures high load-bearing capacity and energy efficiency.
The Autoclaved Aerated Concrete (AAC) market is a significant segment of the broader construction materials industry. As a lightweight, durable building material, AAC is manufactured using cement, fine aggregates, sand, fly ash, and an expansion agent. The parent global construction materials market encompasses companies and manufacturers dealing in various products such as sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and other materials. The market size represents the combined revenue generated by providers of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. The construction materials sector experiences substantial growth due to the upsurge in the building and construction industry. The global building and construction market has experienced remarkable expansion in recent years and is projected to continue this trend in the foreseeable future.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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