The global autoclaved aerated concrete market is predicted to attain a revenue of $8,314.9 million by 2030, rising from $4,498.5 million in 2019, exhibiting a 6.0% CAGR during the forecast period, as per a report by P&S Intelligence. The key factors leading to the growth of the autoclaved aerated concrete market are the increasing number of large-scale construction projects in emerging economies and rising investments in the construction sector. On the basis of type, the market is divided into lintels, panels, blocks, and tiles.
People across the world are opting for low-cost houses and this can be achieved by employing low-cost construction materials, such as autoclaved aerated concrete (AAC) blocks. These blocks are manufactured at a cost lower than the clay bricks. Additionally, the AAC blocks can be easily transported in difficult terrains at a reduced cost, due to their lightweight that cuts down the transportation cost. With an increasing demand for affordable housing, the demand for AAC blocks is expected to increase during the forecast period.
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Moreover, the rising focus on construction of sound-proof and green buildings will propel the autoclaved aerated concrete market growth during the forecast period. The production process of AAC materials is non-polluting, as it contains non-toxic ingredients and does not produce gases. Besides, total energy consumed during manufacturing of AAC blocks is almost half of what it takes to manufacture clay bricks. Additionally, AAC materials are used in the construction of sound-proof buildings because of their ability to absorb sound, due to their porous structure.
These AAC building materials are also used to construct disaster-resistant buildings. The increasing demand for disaster-resistant buildings to tackle losses during natural calamities is projected to increase the autoclaved aerated concrete market size. Because of the lightweight of the AAC blocks, the overall mass of the building is reduced that helps in curtailing the losses caused during disasters, like earthquake. AAC blocks are also efficient in dealing with damages caused during a fire.
Categories under the type segment of the autoclaved aerated concrete market include blocks, panels, tiles, and lintels. Amongst these, the blocks category is projected to demonstrate the fastest growth during the forecast period, owing to its ability to be stacked together with a thin-bed mortar in a running bond. The AAC blocks are favorable for pavement construction, high-rise buildings, and construction of railroad bridges because of their properties, such as high thermal efficiency, easy and quick installation, and high stability and constructive factors like high strength, lightweight, easily reducible, and environment-friendly.
Thus, expansion of the construction industry and increasing demand for lightweight and environment-friendly building materials are projected to boost the market in foreseeable future.
Read More: https://www.psmarketresearch.com/market-analysis/autoclaved-aerated-concrete-market
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