Pune,India, April 13, 2023 (GLOBE NEWSWIRE) -- The global concrete blocks and bricks market size was valued at USD 350.8 billion in 2021 and is projected to grow from USD 369.66 billion in 2022 to USD 566.41 billion by 2029 at a CAGR of 6.3% during 2022-2029. The product has seen a fall during the COVID-19 pandemic due to lower-than-expected demand. Concrete blocks and bricks are used in commercial, residential, and industrial construction. The product offers thermal resistance and other various advantages if certain parameters are followed. Fortune Business Insights presents this information in its report titled “Concrete Blocks and Bricks Market, 2022-2029."
Get a Free Sample Research Report:
List of Key Players Profiled in the Concrete Blocks and Bricks Market Report
- Interstate Bricks (U.S.)
- Wallnett AAC Bricks Pvt. Ltd. (India)
- UltraTech Cement (India)
- CEMEX S.A.B. de C.V. (Mexico)
- LCC Siporex (Saudi Arabia)
- Midwest Block and Brick (U.S.)
- Magicrete Building Solutions (India)
- Monaprecast (U.K.)
- Midland Concrete Products (U.S.)
- Brickworks Limited (Australia)
Report Scope & Segmentation:
| Report Coverage | Details |
| Forecast Period | 2022-2029 |
| Forecast CAGR | 6.3% |
| 2029 Value Projection | USD 566.41 Billion |
| Market Size in 2021 | USD 350.80 Billion |
| Historical Data | 2018-2020 |
| No. of Pages | 227 |
| Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
| Segments Covered |
|
| Regions Covered |
|
| Concrete Blocks and Bricks Market Growth Drivers | Rising Demand for Autoclaved Aerated Concrete Blocks and Bricks in the Construction Industry to Aid Market Growth |
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/concrete-blocks-and-bricks-market-103784
COVID-19 Impact:
Global Market Experienced Decline Due to Lockdowns and Supply Chain Disruptions
The market in Asia Pacific witnessed a major decline during the COVID-19 pandemic. The market witnessed a falling trend since the end of 2019. Government imposed rules for manufacturing only consumer goods slowed down the product demand. Several players consistently worked toward improving their supply chain. Despite the uncertainties, the global market has been fairly profitable as the product is widely used to construct buildings and apartments.
Segments:
By Type, Cement Blocks to Gain Demand through 2029
On the basis of type, the market is segmented into cement block (hollow, fully solid, cellular) and brick (clay, fly ash clay, sand lime and others). Bricks are the oldest construction material and they are cheaper compared to other bricks. Fly ash clay bricks are highly improved, well-quality bricks that are preferred over normal clay bricks. Concrete blocks are versatile and due to their wide variety of appearances, they are used heavily. These blocks are also called as Concrete Masonry Unit (CMU) or cinder blocks. Concrete blocks do not absorb heat so they require less insulation compared to other construction materials.
By Application, Residential Segment to Gain Traction over 2022-2029
In terms of application, the market is divided into residential, commercial, and institutional. Out of these, the residential segment is expected to grow. With the increasing population, demand for renovation in urban areas and people opting to have nuclear families are likely to grow the market share. Additionally, governments worldwide have developed programs that are aimed at designing and building using resources that align with the concept of green construction.
Get a Quote Now:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/concrete-blocks-and-bricks-market-103784
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Expansion of the Market due to Wider Concrete Blocks and Bricks Applications
The concrete blocks and bricks market growth is primarily driven by autoclaved aerated blocks and bricks. The blocks and bricks provide aesthetic appeal and strong architectural structure. The demand for autoclaved aerated blocks has increased significantly worldwide due to modular design. In modular building, the sections are assembled on site and built offsite. This fast pace approach increases the demand for the product.
However, manufacturing these products emits toxic gases. Most concrete blocks are manufactured out of Portland cement, which results in massive amount of carbon dioxide (CO2) emission, further resulting in soil, water, and air pollution.
Regional Insights:
Asia Pacific Registered Highest Market Share in 2021 due to Growing Infrastructure and Rising Population
The Asia Pacific market grew exponentially due to rise in population and growing infrastructure. China and India are the most populous in this region. Demand for apartments, bungalows, and buildings is pushing forward the market growth. Therefore, this results in the rising number of manufacturers of construction materials such as cement blocks and bricks.
North America accounted for a significant concrete blocks and bricks market share. Countries in the U.S. have greater per capita income. This leads to pressure on manufacturers to provide high-quality construction materials.
Competitive Landscape
Leading Players Developing Newer Technologies to Stay Competitive
Constant R&D activities and providing improved material to industry keep the major players to stay relevant and dominate the market. This also keeps a leading edge over other companies to their different offerings and improved proprietary types. Brickworks Limited, Midwest Block, and Brick and Monaprest are some of the leading concrete blocks and bricks companies.
Ask for Customization:
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Data Sources
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Market Trends
- Key Insights
- Key Emerging Trends- For Major Regions
- Key Developments: Mergers, Acquisition, Partnership, etc.
- Latest Technological Advancement
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
- Qualitative Insights – Impact of COVID-19 on Global Concrete Blocks and Bricks Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
TOC Continued...!
Speak to Our Expert:
Key Industry Development:
December 2020 - CEMEX, S.A.B. de C.V. announced investment in the energy vault system to support the development of energy technology using concrete blocks. The purpose of the investment is to maximize revenue.
Read Related Insights:
Ultra High Performance Concrete (UHPC) Market Estimated to Reach USD 574.7 Million by 2029 | CAGR Excepted to Hit 5.8%
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Address:
Fortune Business Insights Pvt. Ltd.
9th Floor, Icon Tower, Baner –
Mahalunge Road, Baner, Pune-411045,
Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
mailto:sales@fortunebusinessinsights.com
