Concrete Blocks and Bricks Market Forecasts to 2028 – Global Analysis By Type (Cement Block, Brick and Other Types), By Application (Residential, Commercial, Industrial, Non Residential, Structural, Non-structural and Other Applications) and By Geography
According to Stratistics MRC, the Global Concrete Blocks and Bricks Market is accounted for $379.9 billion in 2022 and is expected to reach $613.0 billion by 2028 growing at a CAGR of 8.3% during the forecast period. Because the product has several benefits, including providing thermal resistance if precautionary measures are taken during construction, concrete blocks and bricks are used for residential, commercial, and industrial buildings. Construction time was shortened because concrete brick manufacturing made it possible to build walls more rapidly, systematically, and robustly than with plasterboard. The product is also used in the construction of chimneys, fireplace buildings, and non-bearing walls as it offers superior compressive strengths and durability while remaining relatively affordable and environmentally friendly.
According to World Bank Data, the urban population reached 56% in 2021 from 47% in 2000 out of the world population to maintain a better quality of life and career opportunity.
Market Dynamics
Driver:
Rising demand for autoclaved aerated concrete blocks and bricks in the construction industry to aid market growth
To enhance the building's strength and durability, there is a growing need for the product. For instance, bricks and blocks made of autoclaved aerated concrete provide a strong architectural foundation and aesthetic appeal. As a result, the product is frequently used in commercial buildings, museums, and airports. Complex buildings can be cast using bricks and blocks of autoclaved aerated concrete. Extreme tensile strength, reduced damage, and a longer lifespan are made possible by this distinctive construction. Moreover, the product is more durable and lightweight than regular concrete bricks and blocks due to its high tensile strength and capacity for load sharing.
Restraint
Environmental impacts and introduction of enhanced building material may hamper the market growth
The construction sector has benefited from the use of products, but expansion may be hampered by the emissions spurred on by the production of the products. The majority of concrete blocks are often composed of Portland cement, which emits a significant amount of carbon dioxide (CO2) that is harmful to human health and causes pollution of the air, soil, and water. Despite environmental concerns, the slow expansion of the global industry was due to the introduction of new and improved building materials. Consumers have a major issue with product cracking, which increases the need for new and improved raw materials.
Opportunity
Increased demand for eco-friendly concrete blocks and bricks
The construction industry's rapid expansion and the promotion of government-public affairs will offer a possibility for gaining market share in developing nations. Manufacturers of concrete bricks can improve their products to meet client demands. For instance, to improve the form, quality, and tensile strength, manufacturers may add accelerating, waterproofing, and water-reducing admixtures. Moreover, admixture may minimise the product's production costs.
Threat
High cost of building homes
Homes made of concrete blocks are an effective approach to building minimal-maintenance homes in areas with a lot of moisture. Building a house out of concrete blocks, however, is an expensive process. Due to the usage of other building materials like wood, such as concrete blocks and bricks, manufacturers in the concrete block and brick production sector are capable of overcoming this drawback.
Covid-19 Impact:
Due to the COVID-19 epidemic and the lockdowns that several governments imposed on corporate activities, the construction industry has experienced a significant downward trend over the past few years. Construction efforts were halted as a result of this. Numerous organisations made constant efforts to enhance their supply chains. Owing to the product's widespread use in the construction of homes and structures, the global market has been reasonably profitable despite the risks. At the end of 2019, the demand for concrete blocks and bricks decreased. For instance, from January to May 2020, the output of the Chinese cement sector fell by 8.2%. Also, as only the producers of consumer products were targeted by the government, the demand for the product decreased.
The cement block segment is expected to be the largest during the forecast period
Due to their dominant use in the construction industry over the forecast period, the cement block segment is anticipated to have increased demand. Because they offer greater strength than bricks, cement concrete blocks make it possible to use precast and modular construction techniques. For instance, employing AAC, or autoclaved aerated concrete, type blocks may help reduce the need for steel, the foundation load, and the need for mortar, making the final product more adaptable for architects. The segment is therefore anticipated to grow as a result of all these reasons, which will further drive up product demand.
The residential segment is expected to have the highest CAGR during the forecast period
The demand for roofing materials for residential use and growing institutional and legislative support for the construction of housing infrastructure in emerging nations are both factors contributing to the residential segment's expected profitable expansion over the course of the forecast period. Additionally, factors like the rising popularity of single-family houses, easy access to credit, and low interest rates are significant contributors to the global demand for residential buildings.
Region with largest share
Because the region's growth is associated with expanding infrastructure and an escalating population, the Asia Pacific market, which had the largest share of the market in 2021 and is anticipated to continue to dominate the market during the projected period. India and China have the highest populations in the area, which has increased demand for residential places including bungalows, buildings, and apartments. Because of the region's growing need for and access to raw materials, there are more companies producing building materials, including cement, blocks, and bricks. Moreover, 20% of the world's working population is concentrated in Asian nations like India, so disposable income has increased.
Region with highest CAGR
Due to the region's high demand for its products, consumers have considerable disposable income and seek high-quality raw resources, the market for concrete blocks and bricks in North America had a profitable CAGR over the forecast period. With the highest per capita incomes among the countries in the region, the U.S. in particular, manufacturers are under pressure to provide construction materials of the best quality. As a result, the region is using a lot more concrete-type blocks and bricks.
Key players in the market
Some of the key players in Concrete Blocks and Bricks market include CEMEX S.A.B. de C.V., UltraTech Cement Limited, Interstate Brick, LCC Siporex, Midwest Block and Brick, Mona Precast Ltd, Brickworks Limited, Midland Concrete Products, Magicrete Building Solutions Pvt. Ltd., Acme Brick, Lignacite Ltd and Xella Group.
Key Developments
In April 2022, Brickworks Limited announced that the group would establish its presence in North Queensland. The group decided to extend its manufacturing and distribution operation to maximize revenue..
In January 2022, CEMEX, S.A.B. de C.V. announced it agreed with the U.K.-based company Breedon Group plc to sell certain assets. This kind of agreement is expected to boost the market’s revenue.
In August 2021, Brickworks Limited acquired the largest brick distributor in the U.S. named Southfield Corporation. Brickworks Limited had the agreement for US$ 51.1 billion
Types Covered:
• Cement Block
• Brick
• Other Types
Applications Covered:
• Residential
• Commercial
• Industrial
• Non Residential
• Structural
• Non-structural
• Other Applications
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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