Autoclaved Aerated Concrete Market is Forecasted to Reach US$ 26.68 Billion in 2028, Says Stratview Research

The global Autoclaved Aerated Concrete market is projected to witness a growth rate of 5.70% annually from 2023 to 2028, with an anticipated size of US$ 26.68 billion by 2028, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Autoclaved Aerated Concrete market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

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Report Highlights:
Market Size in 2028: US$ 26.68 billion
Growth (CAGR): 5.70% during 2023-2028
Forecast Period: 2023-2028
Trend Period: 2017-2021
Base Year: 2022
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Autoclaved Aerated Concrete Market:

The global Autoclaved Aerated Concrete market is segmented based on Product type, Application type, and Region.

Based on product type - The autoclaved aerated concrete (AAC) market is segmented into blocks, cladding panels, beams & lintels, wall panels, roof panels, floor panels, and others. Blocks are expected to remain the largest and fastest-growing product type in the market during the forecast period. AAC blocks contribute to a 20% reduction in construction time as well as a significant reduction in wall joints.

Furthermore, because only 5% of the blocks are cracked, lighter AAC blocks allow for faster construction and easier installation, as well as higher utilization. These blocks provide excellent thermal insulation, which helps to reduce HVAC costs. AAC blocks also provide improved acoustic insulation, making them an excellent choice for soundproofing hospitals, schools, hotels, multifamily housing, workplaces, and other structures.

Based on application type - The market is segmented as residential and non-residential. Residential is expected to remain the dominant as well as the fastest-growing application type in the market during the forecast period.

Non-residential buildings such as offices and coworking spaces must be built faster due to the rapid growth of large, medium, and small businesses, particularly in developing countries. Furthermore, an increase in domestic and international infrastructure development projects is expected to fuel the growth of the segment in the coming years.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/3119/autoclaved-aerated-concrete-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). Asia-Pacific is expected to remain the largest market for autoclaved aerated concrete (AAC) during the forecast period due to the fast pace of industrial and building activity growth. Furthermore, the market is expected to benefit from massive construction growth in countries such as China, Japan, and India.

North America is expected to grow significantly due to increased infrastructure-related activity. Europe is expected to experience tremendous growth as a result of the massive increase in demand for efficient and lightweight building materials.

Autoclaved Aerated Concrete Market Drivers:
Some of the key drivers listed in the report are given below.
• The growing emphasis on infrastructure development in developing countries is a key factor driving the growth of the autoclaved aerated concrete (AAC) market.
• Autoclaved aerated concrete products have excellent thermal and acoustic insulation properties, are lightweight, and have improved workability and durability.
• AAC products are also less expensive, greener, and more fire-resistant than traditional building materials such as concrete, brick, and stone.

Top Companies in the Autoclaved Aerated Concrete Market:
Stratview Research has identified the following companies as the top market players.
• Biltech Building Elements Ltd.
• Buildmate Projects Pvt. Ltd
• CSR Ltd.
• Eastland Building Materials Co. Ltd.
• H+H International A/S
• JK Lakshmi Cement Ltd.
• Mannok
• To Aercon AAC
• UAL Industries Ltd.
• Xella Group
Note: The above list does not necessarily include all the top players in the market.

What Unique Insights Does This Report Offer?

This report provides comprehensive insights into the Autoclaved Aerated Concrete Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.

It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.

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This release was published on openPR.