Autoclaved Aerated Concrete Market Getting More Solid

The global AAC (autoclaved aerated concrete) market is witnessing significant growth, due to increasing industrialization and accelerated urbanization in developing countries, cost effectiveness and light weight material of AAC, and increased emphasis on sound proof and green building.

The global AAC market was estimated at $3.75 billion in 2015, and it is expected to grow at a CAGR (compound annual growth rate) of 8.1% from 2016 until 2022.

Currently with infrastructure development, environmental conservation has become a key area of concern. This is a driving factor for increasing demand of AAC, as it is an environmentally friendly product, as it is manufactured by using fly ash, which in an unavoidable waste from coal-based thermal power plants.

AAC is concrete that is light weight and easily moldable AAC is relatively easy to work with and can be shaped accordingly with hand tools, and can be used in panel form for floor and roof construction activities.

The growth in residential and commercial buildings, construction of highways, bridges, and tunnels are the major contributors in increasing the demand for AAC. The increasing purchasing power of individuals, improving life style, along with consumption trends and technological advancements has led to development of more varied, complex and eco-friendly products, which is positively driving the growth of the AAC market.

The bridge substructure segment is anticipated to witness the highest growth from 2016 until 2022, due to increasing investment in bridge construction. Among the various end-users, the infrastructure segment dominated the global AAC market, with consumption of 28.1 million cubic meters in 2015, and it is anticipated to continue with its dominance during the forecast period.

Posted: 5/8/2017 8:25:27 PM



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