Autoclaved Aerated Concrete Market Share

On the basis of geographical analysis, the global autoclaved aerated concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. North America is anticipated to dominate majority revenue share by 2036, on the back of increasing number of construction activities in the commercial and medical sectors, and growing establishment of green buildings in the region. In 2018, construction activities worth more than USD 42.5 billion were put in place in the healthcare sector in the United States. The value rose up to USD 43.6 in 2019. Moreover, the market in Asia Pacific is assessed to occupy the largest share during the forecast period, which can be ascribed to the rising demand for AAC from the construction sector of countries, namely China, India and South Korea, and rapid rate of industrialization in the region. In addition, easy availability of raw materials and presence of cheap labor are also projected to boost the market growth in APAC in the coming years.