Brand Story
01 Jun 2023, 05:43 GMT+10
As per Fact.MR - a market research and competitive intelligence provider, the global autoclaved aerated concrete (AAC) market was valued at around US$ 12 Bn in 2020, and is predicted to expand at a CAGR of 6% over the 2021-2031 forecast period.
Rapid escalation in infrastructural activities at a global level has propelled demand for materials used in specialized applications in both, residential and commercial settings. Increasing focus on development of roadways, transportation, healthcare infrastructure, and other public amenities in developing countries in order to improve the standard of living is reflecting favorably on the global autoclaved aerated concrete market.
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The advantages of using AAC in the construction industry are huge, such as energy efficiency, skills development, youth employment, and design. Policies set by governments of different countries such as reducing energy demand in building stock in the European Union (EU) by 80% by 2050 are expected to drive demand for autoclaved aerated concrete over the coming years.
Key Takeaways from Market Study
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Key Market Segments in Autoclaved Aerated Concrete Industry Research
Product
Application
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Market Competition
Key players are adopting an aggressive approach for establishing a global footprint to ensure their producing capacity is meeting increasing global demand. Companies leverage strategic collaborative initiatives to increase their market share and profitability.
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