Views:15 Author:Site Editor Publish Time: 2018-01-23 Origin:Site
Autoclaved Aerated Concrete Market- Regional Insight
Asia-Pacific was holding the largest market share of AAC market, in 2016 and is anticipated to dominate the market, throughout the forecast period. Further, Asia-Pacific's autoclaved aerated concrete market is anticipated to grow at a significant rate and register the highest CAGR, during the forecast period. Increasing disposable incomes, increased affordability of innovative, green projects, and rising environment-related awareness are the factors contributing towards the growth of Asia-Pacific’s autoclaved aerated concrete market. Emerging economies such as China and India are consuming a high volume of AAC products, majorly attributed to the growing population and rapid rate of urbanization is leading to an increase in the number of building construction projects. Europe was the second largest market for autoclaved aerated concrete, in 2016 and is anticipated to maintain its position throughout the forecast period. The European autoclaved aerated concrete market is expected to witness moderate growth over the forecast period. The major factor driving the growth of AAC market in this region is the growing demand for light weight and green building construction.