Autoclaved Aerated Concrete Market Will Reach USD 8,314.9 Million by 2030
The industry is primarily driven by high investments in the construction sector and also the rise in large-scale construction projects taking place mainly in developing nations.
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Blocks will grow the fastest, they are favored mainly for their easy installation, high thermal efficiency, and suitability for various construction projects. As these provide high stability, are lightweight, environment friendly, easy to cut and also possess high strength which ultimately makes them a preferred choice in construction sectors.
The increasing industrialization and urbanization have drove the requirement for AAC blocks significantly, as they have many properties such as fire & earthquake resistance, its low cost and also its availability in different sizes which helps to reduce the construction time. The demand is fueled in developing nations because of the growing focus on road connectivity, highways, and housing.
Surging focus on green and sound-proof buildings is driving the market as it possess non-polluting material with low energy consumption and superior sound absorption quality which makes it most preferred option during construction.
In addition, it's also of lightweight, making it a safe and fast replacement for clay bricks. Thus, need for green and lightweight construction materials is expected to contribute to the growth of autoclaved aerated concrete market globally.
Construction material is the largest category in AAC industry. This growth is attributed to the increasing construction activities worldwide because of rising urbanization and population growth. While, the demand for environmentally friendly materials along with superior properties of autoclaved aerated concrete
Public infrastructure sector holds the largest share globally, attributed by the increased need for efficient civil infrastructure for supporting the growing population.
APAC is both the largest and the fastest growing region over the forecast period and the main reasons for this growth are the thriving real-estate industry, government investments on heavy infrastructure projects, rapid urbanization and the also the initiatives to support infrastructure projects.
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For the mitigation of natural calamities, construction of disaster-resistant structures is on the rise, and in it AAC building blocks are considered a safe choice due to their lightweight nature, which reduces the overall weight of the structure. This has led to a shift in preference toward AAC materials over conventional options.
It is because of the high investments in construction, rising large-scale projects all over the world, the demand for green & lightweight construction materials, the demand for autoclaved aerated concrete will continue to grow in the years to come.
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