MARCH 20238PANORAMAFACTORS BOOSTING THE GROWTH OF AAC BLOCKS MARKET IN INDIAAccording to a recent report, the Indian AAC blocks market is anticipated to register a growth of Rs.11095.0 crores at a CAGR of 14.3 percent during the forecast period, 2020-2027. AAC blocks are not a new invention as the product has been in the market since 1923. It has undergone significant development over the years and now it is being used as a green building construction material. "Rising urbanization and industrialization are the major growth attributing factors of the AAC blocks market", says G. Suresh Kumar, CEO, Renaatus Procon. Some of the other factors enhancing the growth of the market include developing infrastructure sector, increasing demand for lightweight construction materials and growing demand for the development of green buildings.Growing UrbanizationGrowing urbanization in major cities and decreasing chances of horizontal expansion of buildings are leading to
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