#Global #Autoclaved #Aerated #Concrete #AAC #Market #Size
New Delhi, Oct. 07, 2022 (GLOBE NEWSWIRE) — Global autoclaved aerated concrete (AAC) market is expanding at a significant growth rate owing to the world’s mega trends, such as rapid urbanization and industrialization, and increasing demand for green and lightweight construction materials, such as AAC, for building low-cost housing units that are gaining significant popularity in developing countries.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Autoclaved Aerated Concrete (AAC) Market size at USD 6.76 billion in 2021. BlueWeave forecasts global AAC market size to grow at a CAGR of 7.6% between 2022 and 2028 (forecast period), reaching a value of USD 11.08 billion by 2028. Rapid urbanization and industrialization; growing volumes of infrastructure activities across the world, particularly in developing countries and the Middle East; increasing popularity of low-cost housing units among people in emerging economies; and growing awareness among people about environment-friendly sustainable building materials are spurring a high demand for lighter construction materials, such as AAC, than the traditional ones. These global mega trends, in turn, are expected to boost the growth of global AAC market at a robust rate during the forecast period (2022–2028), as AAC is light weight and is made of green materials.
Favorable properties of autoclaved aerated concrete
Autoclaved aerated concrete (AAC) is also known as various other names including autoclaved cellular concrete (ACC), Autoclaved Lightweight Concrete (ALC), and porous concrete. AAC is an environment friendly and lightweight material for construction. It is manufactured with aggregates including quartz sand, lime, cement, calcined gypsum, water, and aluminium powder or fly ash (as in China and India). As 80% of it contains air, AAC is a lightweight construction material manufactured, molded, and cut as blocks or panels in the…