Autoclaved aerated concrete market growth, autoclaved aerated concrete market report, autoclaved aerated concrete market share, autoclaved aerated concrete market size, autoclaved aerated concrete market analysis, autoclaved aerated concrete market demand, autoclaved aerated concrete market outlook, autoclaved aerated concrete market overview, autoclaved aerated concrete market forecast, autoclaved aerated concrete market strategies.
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According to The Business Research Company’s Autoclaved Aerated Concrete, The autoclaved aerated concrete market size has grown strongly in recent years. It will grow from <b>$15.59 billion in 2023 to $17.13 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. </b> The growth in the historic period can be attributed to energy efficiency concerns, rapid economic growth, increased infrastructure spending, growing demand for affordable housing, weight and structural advantages.
The autoclaved aerated concrete market size is expected to see strong growth in the next few years. It will grow to <b>$24.22 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. </b> The growth in the forecast period can be attributed to the increasing adoption of green building standards, rising urbanization, government initiatives for sustainable construction, rising awareness of fire safety, and increasing industrialization. Major trends in the forecast period include advancements in autoclaved aerated concrete (aac) technology, aac in prefabricated construction, innovative aac product variations, digitalization in aac manufacturing, aac in high-rise buildings.The increasing construction of green buildings is expected to propel the growth of the autoclaved aerated concrete market.
Green buildings are more energy-efficient and sustainable so that they have a lower carbon footprint and a minimal impact on the environment. For instance, in October 2022, according to an article published by the US Green Building Council (USGBC), a US-based non-profit organization that promotes sustainability in building design, construction, and operation, over 36,835 projects covering 4.63 billion gross square feet earned Leadership in Energy and Environmental Design (green building) certification until 2021. Moreover, in the first three quarters of 2022, over 5,000 additional projects were certified, with the highest concentration in the United States and Canada (74%), followed by East Asia (9%) and Europe (6%). Therefore, the increasing green building construction is driving the growth of the autoclaved aerated concrete market.
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The autoclaved aerated concrete market covered in this report is segmented –
1) By Type: Block, Lintel, Panel, Other Types
2) By Application: Construction Material, Roof Insulation, Roof Sub Bases, Bridge Sub-Structures, Concrete Pipes, Void Filling, Other Applications
3) By End User: Residential, non-residential technological advancement is a key trend gaining popularity in the autoclaved aerated concrete market.
Technological advancement is the discovery of knowledge that advances the understanding of technology. For instance, in March 2022, ACC Limited, an India-based cement manufacturing company, launched ACC Airium, based on insulating technology. ACC Airium is an aerated concrete product that provides insulation to the surface during the construction process and is suitable for homes, offices, and buildings.
The autoclaved aerated concrete market report table of contents includes:
1. Executive Summary
2. Autoclaved Aerated Concrete Market Characteristics
3. Autoclaved Aerated Concrete Market Trends And Strategies
4. Autoclaved Aerated Concrete Market – Macro Economic Scenario
5. Global Autoclaved Aerated Concrete Market Size and Growth
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31. Global Autoclaved Aerated Concrete Market Competitive Benchmarking
32. Global Autoclaved Aerated Concrete Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Autoclaved Aerated Concrete Market
34. Autoclaved Aerated Concrete Market Future Outlook and Potential Analysis
35. Appendix
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