The global autoclaved aerated concrete (AAC) market generated a revenue of $4,498.5 million in 2019 and is predicted to demonstrate a CAGR of 6.0% during 2020—2030. According to the forecast of the market research company, P&S Intelligence, the market would reach a value of $8,314.9 million by 2030. The market is being driven by the soaring investments being made in the construction sector and the rising number of construction projects being launched in the emerging economies around the world.

The rising urbanization and industrialization is one of the biggest factors fueling the expansion of the autoclaved aerated concrete (AAC) market across the world. This is because the increasing construction activities are pushing up the requirement for AAC blocks. The excellent beneficial traits of autoclaved aerated concrete such as their ability to sustain fire and earthquake, their low costs, and their availability in various sizes are adding wings to their popularity, especially in the construction sector.

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Additionally, the usage of AAC blocks reduces the construction time by as much as 20%. Furthermore, various emerging economies are increasingly focusing on developing road connectivity, residential housing, and highways. This is positively impacting the sales of autoclaved aerated concrete blocks across the world. Besides these factors, the growing focus on sound-proof and green buildings is also propelling the growth of the market. This is because the AAC blocks have excellent sound absorption qualities, on account of their porous structure.

Based on application, the autoclaved aerated concrete market is categorized into road sub-base, bridge sub-structure, construction material, roof insulation, concrete pipe, and void filling. Out of these, the highest market growth was exhibited by the construction material category in the years gone by. Moreover, this trend is predicted to continue in the forthcoming years as well. This is credited to the growing requirement for the material in the infrastructure sector, especially in the construction of building and non-building edifices.

Globally, the autoclaved aerated concrete market is predicted to register lucrative growth in the Asia-Pacific (APAC) region in the upcoming years. This would be because of the high requirement for AAC blocks in the construction sector of regional countries such as India, Japan, and China. Furthermore, the increasing construction activities in the region, on account of the ballooning demand for hospitals, houses, and schools, are causing a steep rise in the sales of AAC blocks.

Additionally, the soaring urbanization is also boosting the advancement of the market in the region. Apart from these factors, the One Belt One Road Initiative of China is also predicted to propel the growth of the market in the region. With this initiative, China intends to build extensive railways, roadways, transportation hubs, and ports and emerge as the biggest trading hub in the world. These large-scale infrastructural development projects are massively boosting the demand for AAC blocks in the region.

Hence, it is safe to say from the above paragraphs that the market would exhibit huge expansion across the world in the upcoming years, mainly because of the surging infrastructural development and construction activities being launched around the world.