Autoclaved Aerated Concrete Market 2016 Share, Trend and Forecast Autoclaved Aerated Concrete (AAC) Market - Global

Autoclaved Aerated Concrete (AAC) Market -
Global Industry Analysis, Size, Share, Growth,
Trends, and Forecast 2016 - 2024
Global Autoclaved Aerated Concrete Market: Snapshot
The global autoclaved aerated concrete market has gained significant traction in
regions such as Europe and Asia Pacific in the past few years. The unique
combination of low weight, rigidity of construction, durability, cost-effectiveness,
chemical inertness, lower energy cost of heating or cooling, and low negative
impact of environment makes AAC a viable construction material. The material has
started gaining popularity as a sustainable green building material and is expected
to witness a significant rise in demand in the next few years.
Transparency Market Research estimates that the global autoclaved aerated
concrete (AAC) market was valued at US$6.11 bn in 2015 and will rise to US$11.44
bn by 2024, expanding at a promising CAGR of 7.3% between 2016 and 2024.
View Report @ http://www.transparencymarketresearch.com/autoclaved-
aerated-concrete-market.html
AAC Blocks Emerge as Most Promising Product Segment
Based on product variety, the global AAC market has been examined in the report
for block, wall panel, floor panel, roof panel, and cladding panel. Of these, the
segment of blocks emerged as the dominant product segment in the global market
in 2015. In terms of revenue, the blocks segment accounted for more than 48%
share of the global AAC market in 2015. It is anticipated to be a speedily growing
segment over the forecast period as well, expanding at a CAGR of 7.8% from 2016
to 2024.
The segment of AAC wall panels is also expected to witness significant growth
during the forecast period, owing to excellent combination of strength and thermal
and acoustic insulation that AAC panels offer. AAC wall panel is an impeccable
building solution for large-scale, industrial and commercial construction. The wall
panel segment is projected to expand at a CAGR of 7.2% during the forecast period.
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