Concrete Blocks and Bricks Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Concrete Blocks and Bricks Market
The Concrete Blocks and Bricks market size was valued at USD 350.80 billion in 2023, and the market is now projected to grow from USD 369.66 billion in 2024 to USD 566.41 billion by 2032, exhibiting a CAGR of 6.3% during the forecast period of 2024-2032.
The development industry confronted a gigantic descending drift over the past decade due to the COVID-19 widespread as governments of a few nations forced lockdowns on commerce operations. This comes about within the avoidance of development exercises causing a turmoil in the concrete blocks and bricks market growth. Numerous companies determinedly worked to make strides their supply chain. In spite of the instabilities, the worldwide advertise has been decently productive as the item is broadly utilized to develop buildings and apartments.
The quick development within the development industry and the support of government-public issues will create an opportunity to extend advertise share in creating nations. Concrete brick producers can improve their items to fulfill the consumer's needs. For occasion, producers may include quickening, waterproofing, and water-reducing admixture to upgrade the shape, quality, and malleable quality. Besides, admixture may decrease the generation taken a toll of the item.
The request for the item has developed to extend the quality and solidness of the building. For occasion, autoclaved aerated concrete squares and bricks offer tasteful request and a strong engineering structure. Hence, the item is broadly utilized in airplane terminals, commercial buildings, and exhibition halls. Autoclaved circulated air through concrete squares and bricks empowers the casting of perplexing structures. This interesting structure empowers extraordinary ductile quality, less harm, and longer life span. In addition, the tall ductile quality and load-sharing capacity make the item more strong and lighter than standard concrete bricks and pieces.
Comprehensive Analysis of Concrete Blocks and Bricks Market
The market for concrete blocks and bricks on the base of type is fractioned into two as block and bricks. With the prevailed rise in residential constructions and industrial operations the brick type to dominate the market. On the referential analysis of application segment, the market is categorized as industrial, residential and commercial. The residential application to play a dominant part in the growth of the market.
Continent of Asia Pacific region stands out the concrete blocks and bricks market share with an estimated valuation of USD 166.13 billion in 2021. The advertise development within the region is related with the developing foundation and rising populace. India and China have the most noteworthy populaces within the locale, subsequently surging the request for private ranges, counting flats, buildings, and bungalows. The number of development fabric producers, such as cement, squares, and bricks, has expanded within the locale due to higher request and accessibility of raw materials.
A number of major players basically overwhelm the market. The existing players have kept up a competitive edge over other players owing to their special sort offerings and created exclusive sorts. Moreover, the companies are continually conducting R&D exercises to create moved forward arrangements to coordinate the changing needs of the electronic industry. The major concrete squares and brick producers working in this market are: CEMEX S.A.B. de C.V. (Mexico), Brickworks Limited (Australia), UltraTech Cement (India), Midwest Block and Brick (U.S.), and Monaprecast (U.K.), LCC Siporex (Saudi Arabia), Magicrete Building Solutions (India), Wallnett AAC Bricks Pvt. Ltd. (India) among other players.
Within the month of April 2022, the company Brickworks Limited reported that the bunch would set up its nearness in North Queensland. The bunch chosen to expand its fabricating and dissemination operation to maximize income.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2018-2029
Base Year
2021
Estimated Year
2022
Forecast Period
2022-2029
Historical Period
2018-2020
Unit
Value (USD Billion), Volume (Million Units)
Segmentation
By Type, Application, and Region
By Type
Cement Block
- Hollow
- Fully Solid
- Cellular
Brick
- Clay
- Fly Ash Clay
- Sand Lime
- Others
Application
Residential
Commercial
Industrial
By Region
North America (By Type, By Application, By Country)
- U.S. (By Application)
- Canada (By Application)
Europe (By Type, By Application, By Country)
- Germany (By Application)
- U.K. (By Application)
- France (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Type, By Application, By Country)
- China (By Application)
- India (By Application)
- Japan (By Application)
- South Korea (By Application)
- Rest of East Asia (By Application)
Latin America (By Type, By Application, By Country)
- Brazil (By Application)
- Mexico (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Type, By Application, By Country)
- South Africa (By Application)
- GCC (By Application)
- Rest of Middle East & Africa (By Application)
Please Note: It will take 5-6 business days to complete the report upon order confirmation.