Increasing Industrialization and Urbanization Escalating the Autoclaved Aerated Concrete Market Growth

The global autoclaved aerated concretemarket generated a revenue of $4,005.9 million in 2017 and is projected to reach $5,721.4 million by 2023, advancing at 6.2% CAGR during the forecast period (2018–2023). The factors driving the growth of the market are increasing industrialization and urbanization, and surging focus on green and soundproof buildings. Autoclaved aerated concrete (AAC) is a lightweight, precast material providing insulation, structure, fire and mold resistance, flexibility, workability, and durability to the building.

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the autoclaved aerated concrete market is classified into roof insulation, construction material, road sub bases, bridge sub-structure, concrete pipes, void filling, and others. Out of these, in 2017, construction material dominated the market with a revenue contribution of more than 20.0%. The factors for such growth are its heavy usage in the infrastructure sector because of its superior properties as compared to other types, such as pest resistance, durability, soundproofing ability, earthquake resistance, fire resistance, moisture resistance, and non-toxicity.

the autoclaved aerated concrete market is divided into commercial buildings, residential buildings, infrastructure, and others. Among all, infrastructure, as an end use, contributed more than 40.0% revenue in the market in 2017. This is because AAC makes the construction of structures cost-effective and increases the strength and life of buildings. Further, it offers several benefits over conventional concrete, such as easy moldability, thermally insulation, water and mold resistance, and high workability. 

Geographically, in 2017, Asia-Pacific (APAC) contributed more than 33.0% revenue to the autoclaved aerated concrete market. Rapid urbanization as well as increasing population in the region has resulted in an increasing need for new houses, especially affordable homes, along with civic infrastructure. For example, by 2022, the Government of India is planning to give affordable house to every individual under the ‘Pradhan Mantri Awas Yojana’ scheme.

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Increasing focus on constructing green and soundproof buildings is one of the key factors driving the autoclaved aerated concrete market. AAC is an 100.0% green building material, as it helps in the productive use of recycled industrial waste (fly ash). The manufacturing process of AAC does not pollute the environment and its only by-product is steam. 

AAC market has a great scope in the future as it is benefitted by various factors, such as cost-effectiveness, natural calamity resistance, and easy availability of AAC. In the coming years, due to rapid urbanization and industrialization and growing concern for environment, the demand for AAC is expected to rise.

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