13
Sep
Highlights Owing to a number of factors especially surge in demand and increasing penetration, the price of AAC blocks has gone up by Rs 200- Rs 300 per cubic meter and expected to rise further Indian AAC blocks market is anticipated to register a CAGR of 15%-18% in next five years to reach Rs 8000- Rs 10,000 crore. While penetration of AAC Block in building application is 8-10% of the industry whereas 75-80% of the industry is still dominated by Red Bricks, the switch to AAC Block is gradual and gaining momentum. AAC Block as a preferred choice over redbricks…
