Autoclaved Aerated Concrete (AAC) Market Size

Statistics for the 2023 & 2024 Autoclaved Aerated Concrete (AAC) market size, created by Mordor Intelligence™ Industry Reports. Autoclaved Aerated Concrete (AAC) size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Autoclaved Aerated Concrete (AAC) Industry

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Autoclaved Aerated Concrete (AAC) Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.05 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Low

Major Players

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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.

Autoclaved Aerated Concrete Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)