Autoclaved aerated concrete (AAC) is used as masonry blocks and prefabricated reinforced elements preferably in residential buildings. Due to its porous structure and mineral composition, it combines low thermal conductivity and fire resistance properties. Consequently, the popularity of AAC increases. However, due to significant AAC production volumes in many European countries since the 1960s and 1970s and given building lifetimes, strongly increasing post-demolition AAC waste volumes can be expected in the following decades. Recycling these post-demolition AAC wastes could protect primary resources and landfill capacities and reduce greenhouse gas emissions. But, recycling of post-demolition AAC is not yet established. The majority of the waste is landfilled even though landfill capacities have decreased and the legal framework conditions in Europe regarding a circular economy are becoming stricter. Therefore, new recycling options are needed. Current research approaches propose different open-loop recycling routes for post-demolition AAC, e.g. lightweight aggregate concrete, lightweight mortar, no-fines concrete, floor screed, animal bedding, oil- and chemical binders, and insulating fills for voids and interstitial spaces. Additionally, closed-loop recycling is possible and under research. Finely ground post-demolition AAC powder can be directly used in AAC production or can be chemically converted to belite (C2S) clinker to substitute primary cement in AAC production. These promising recycling options are compared regarding environmental and economic aspects. We find that the resource consumption is lower in all recycling options since post-demolition AAC helps to save primary resources. Furthermore, greenhouse gas emissions associated with the substituted primary resources are saved - especially when substituting primary cement in closed-loop recycling. In economic terms, increasing landfill costs could be avoided, which leaves a considerable margin for the cost of pre-processing, transport and recycling. The results can help decision-makers to implement circular management for AAC by fostering post-demolition AAC recycling and reducing its landfilling.