Market Size of Autoclaved Aerated Concrete (AAC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.05 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
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*Disclaimer: Major Players sorted in no particular order |
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Autoclaved Aerated Concrete (AAC) Market Analysis
The Autoclaved Aerated Concrete (AAC) Market size is expected to grow from USD 5.26 billion in 2023 to USD 7.05 billion by 2028, at a CAGR of 6.05% during the forecast period (2023-2028).
The COVID-19 pandemic negatively impacted the market. Construction work stopped worldwide, especially in significant construction hubs like China and India. However, the industry witnessed a recovery in 2021, thus rebounding the demand for the market studied.
- Over the short term, the increasing construction and redevelopment projects across the world are some of the factors driving the growth of the market studied.
- On the flip side, the cost of manufacturing an AAC block is higher than normal cement or burnt clay blocks, which is expected to hinder the growth of the market studied.
- However, the emphasis on using fire-retardant building materials is expected to provide opportunities for the growth of the market in the future.
