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The Business Research Company’s Autoclaved Aerated Concrete Global Market Report 2024 offers crucial insights into the autoclaved aerated concrete market help businesses analyse and build stronger strategies.

Inception of Market Growth

In recent years, the autoclaved aerated concrete (AAC) market has exhibited robust growth, catapulting from $15.59 billion in 2023 to a projected $17.13 billion in 2024, boasting a remarkable compound annual growth rate (CAGR) of 9.9%. This surge is attributed to various factors including energy efficiency concerns, rapid economic growth, and the burgeoning demand for affordable housing solutions.

Anticipating Stronger Growth Ahead

Looking forward, the AAC market is poised for continued expansion, with forecasts indicating a surge to $24.22 billion by 2028, driven by a robust compound annual growth rate (CAGR) of 9.0%. The forecasted growth is underpinned by factors such as the increasing adoption of green building standards, rising urbanization, and government initiatives for sustainable construction practices.

Catalysts of Market Expansion

Green Building Construction Driving Growth

The proliferation of green building construction projects emerges as a significant driver of market growth. Green buildings, renowned for their energy efficiency and sustainability, are gaining traction worldwide. The US Green Building Council reports a surge in Leadership in Energy and Environmental Design (LEED) certifications, with over 36,835 projects covering 4.63 billion gross square feet until 2021. This surge underscores the critical role of AAC in meeting the stringent requirements of green building standards.

Technological Advancement Revolutionizes AAC Market

Technological advancement stands as a key trend reshaping the AAC market landscape. Innovations such as ACC Limited’s ACC Airium, based on insulating technology, revolutionize construction practices by offering enhanced insulation properties. These advancements not only improve construction efficiency but also align with sustainability objectives, driving the adoption of AAC solutions across residential and commercial sectors.

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Strategic Moves and Acquisitions

Indian Construction Materials Giant HIL Limited Expands Reach

HIL Limited’s acquisition of Fast Build Blocks Pvt. Ltd. for $2.8 billion underscores the company’s strategic intent to bolster its presence in the AAC market. This acquisition enables HIL to augment its manufacturing capabilities and expand its product reach across the Asia-Pacific region. Fast Build Blocks Pvt. Ltd. brings expertise in AAC block manufacturing, further strengthening HIL’s position in the competitive landscape.

Segmentation and Regional Dynamics

Segmentation Overview

The AAC market is segmented based on type, application, and end-user segments. Block, lintel, panel, and other variations constitute primary types of AAC products, catering to diverse construction requirements. Applications span construction material, roof insulation, bridge sub-structures, and void filling, among others. The residential and non-residential sectors emerge as key end-user segments driving market demand.

Regional Landscape

Asia-Pacific emerges as a dominant force in the AAC market, commanding the largest share in 2023 and poised to be the fastest-growing region in the forecast period. Rapid urbanization, coupled with increasing infrastructure spending, propels market growth in the region. As governments prioritize sustainable construction practices and infrastructure development, Asia-Pacific emerges as a lucrative market for AAC manufacturers and suppliers.

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The Autoclaved Aerated Concrete Global Market Report 2024  provides a comprehensive outlook of the autoclaved aerated concrete market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The autoclaved aerated concrete market forecast offers a thorough analysis on autoclaved aerated concrete market size, autoclaved aerated concrete market share, prominent players and their strategies.

The Table Of Content For The Autoclaved Aerated Concrete Market Include:

1. Autoclaved Aerated Concrete Market Executive Summary
2. Autoclaved Aerated Concrete Market Segments
3. Autoclaved Aerated Concrete Market Size And Autoclaved Aerated Concrete Market Growth Rate
4. Key Autoclaved Aerated Concrete Market Trends
5. Major Autoclaved Aerated Concrete Market Drivers
……
25. Key Mergers And Acquisitions In The Autoclaved Aerated Concrete Market
26. Top Autoclaved Aerated Concrete Companies
27. Autoclaved Aerated Concrete Market Opportunities And Strategies
28. Autoclaved Aerated Concrete Market, Conclusions And Recommendations
29. Appendix

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