Autoclaved Aerated Concrete Market to Witness Exponential Growth by 2030
Verfasser: ashwani_kailiya on Wednesday, 29 July 2020The covid-19 pandemic has had a massive impact on commercial activity around the world, including that of the construction industry. As the duration and severity of the outbreak continues to rise, uncertainties of the economy continue to weigh heavily on the construction sector. Delays and cancellation of construction projects hurt the prospects of the autoclaved aerated concrete market in the short term.
The global autoclaved aerated concrete market has been estimated to rise at a healthy 5% CAGR during the projection period between 2020 and 2030. As per the Fact.MR study, breaks in supply chains for material and production equipment are adversely affecting the industry. Widespread construction site shutdowns will influence market developments. On the other hand, recovery of the autoclaved aerated concrete industry is likely to be strong as demand for infrastructure and building applications grows with relaxations of restrictions.
"Autoclaved aerated concrete is recyclable, reusable, and eco-friendly. Owing to the higher importance of environment ratings, the material is largely used in residential construction projects. Sustainability initiatives will continue to drive up demand during and after the coronavirus crisis, minimizing the carbon footprint of the construction sector," says the FACT.MR study.