According to a new market report published by Transparency Market Research titled ‘Autoclaved Aerated Concrete Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global autoclaved aerated concrete market was valued at around US$ 11.9 Bn in 2018 and is projected to reach nearly US$ 22.8 Bn by 2027, expanding at a CAGR of above 7% between 2019 and 2027.
Autoclaved aerated concrete (AAC), also known as autoclaved cellular concrete (ACC) or autoclaved lightweight concrete (ALC), is a lightweight precast building material whose adoption has been on the rise recently.
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Although the product has been used since 1923, it has garnered immense popularity recently, due to its ability to provide rigid structure, insulation, fire resistance, and economy of construction. AAC has a porous structure. It contains pockets of trapped air, which make it lighter than other building materials. The material can be employed for internal as well as external construction, due to its high thermal insulation and ease of installation. AAC is used as an eco-friendly green building material in residential, commercial, and other types of construction. It is manufactured using fly ash, which is an unavoidable waste of thermal power plants and is available in abundance. Also, AAC is an energy-efficient building material, and it reduces the total cost of construction. Energy consumed for the production of AAC is less as compared to that for other building materials. AAC consumes approximately 50% less energy than concrete. Tiny air pockets and thermal mass of AAC offer thermal insulation, which reduces construction costs related to heating and air-conditioning. AAC reduces heating and cooling requirements by up to 30% due to its thermal insulation properties, resulting in continued financial benefits during the life of the construction.