Market Size in 2019 | Market Forecast in 2026 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2,050 Billion | USD 2,505 Billion | 3% | 2020 |
According to the report published by Zion Market Research, global demand for concrete block and brick manufacturing market was valued at approximately USD 2,050 Billion in 2019 and is expected to generate revenue of around USD 2,505 Billion by end of 2026, growing at a CAGR of around 3% between 2020 and 2026.
The precast concrete product used for construction purposes is a concrete block. It is mostly used as a construction material for building walls. Bricks are categorized according to the content used in the production process. In the construction sector, concrete blocks and bricks play an important role. The common types of brick are manufactured from sand-lime, clay type, lime, and fly ash clay. The effective properties of concrete and brick blocks, such as thermal isolation, economic shielding for the electric power supply, high longevity and fire resistance are all proving more convenient for concrete blocks or bricks, as well as better alternatives for burning clay bricks. Rapid urbanization in developing countries that demand new housing units increases the demand for concrete blocks and bricks.
Rapid urbanization is leading the construction activities for residential and commercial property and has been a major factor in the growth of the concrete blocks or bricks market. Moreover, increasing the income of people in developing countries, resulting in renovation and building of houses as well as changing the preference of people towards sustainable building methods drives the development of the global market. Awareness among the people about the various schemes as well as financial support by the government as an initiative to provide human basic needs is the growth factor driving the concrete block market.
Report Attributes | Report Details |
---|---|
Report Name | Concrete Block and Brick Manufacturing Market Research Report |
Market Size in 2019 | USD 2,050 Billion |
Market Forecast in 2026 | USD 2,505 Billion |
Growth Rate | CAGR of 3% |
Number of Pages | 210 |
Key Companies Covered | Midwest Block and Brick, General Shale, Inc., Wienerberger AG, Brickworks Limited, Boral Limited, CRH plc, UltraTech Cement Ltd., Xella Group, CEMEX S.A.B. de C.V., Lignacite Ltd, MaCon LLC, Oldcastle, Magicrete Building Solutions Pvt. Ltd., Monaprecast, LCC Siporex Company, and Midland Concrete Products, Inc |
Segments Covered | By Product Type, By Application and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2018 |
Historical Year | 2016 to 2020 |
Forecast Year | 2020 - 2026 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Thus, the rising use of concrete blocks and bricks is also resulting in rising in global temperature due to heat getting trapped in them; hence, the escalated heat generated is synchronized to the rising usage of air conditioners, simultaneously boosting the consumption of energy. This factor that affects environmental ambiance in a negative way may hinder the growth of the global concrete block and brick market.
The global concrete block and brick manufacturing market is segmented based on product type, and application. The product type has been segmented into concrete block, brick, and AAC block. The concrete block is categorized into hollow blocks, cellular blocks, and fully solid blocks. Each type totally depends on the structure. The fencing of the property is done by hollow blocks or cellular blocks owing to their light weight. Whereas, residential and commercial buildings or private properties prefer fully solid blocks due to their heavy weight. On the basis of application, the global market is segmented into structural, hardscaping, siding, fireplace, and others.
Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Some main participants of the concrete block and brick manufacturing market are Midwest Block and Brick, General Shale, Inc., Wienerberger AG, Brickworks Limited, Boral Limited, CRH plc, UltraTech Cement Ltd., Xella Group, CEMEX S.A.B. de C.V., Lignacite Ltd, MaCon LLC, Oldcastle, Magicrete Building Solutions Pvt. Ltd., Monaprecast, LCC Siporex Company, and Midland Concrete Products, Inc., among others.
The Asia Pacific has registered the highest market share in the global concrete block and brick manufacturing market owing to the rising population and growth of the construction industry. In addition, foreign direct investments in manufacturing and robust building have led several Asia Pacific countries in recent years to achieve substantial growth expansion. In emerging economies, the growing population needs more new housing than renewal building practices.
Population growth in developed countries, as well as rising urbanization patterns and evolving geopolitics, are leading to rising demand for new infrastructure technologies in developing countries such as India, China, and ASEAN countries.
The global Concrete Block and Brick Manufacturing market profiles key players such as:
By Product Type
By Application
Concrete Block and Brick Manufacturing Market: Regional Segment Analysis
FrequentlyAsked Questions
In recent decades, substantial growth in the world's population coupled with increasing disposable income in emerging economies is leading the renovation and building of houses as well as changing preferences of people towards sustainable building method, fuels the market growth.
According to Zion Market Research, global demand for concrete block and brick manufacturing market is expected to generate revenue of around USD 2505 Billion by end of 2026, growing at a CAGR of around 3% between 2020 and 2026.
The Asia Pacific concrete block and brick manufacturing market has registered highest market growth owing to rising urbanisation patterns and evolving geopolicies that are significantly increasing the demand for new infrastructure technologies in developing countries
Some main participants of the concrete block and brick manufacturing market are Midwest Block and Brick, General Shale, Inc., Wienerberger AG, Brickworks Limited, Boral Limited, CRH plc, UltraTech Cement Ltd., Xella Group, CEMEX S.A.B. de C.V., Lignacite Ltd, MaCon LLC, Oldcastle, Magicrete Building Solutions Pvt. Ltd., Monaprecast, LCC Siporex Company, and Midland Concrete Products, Inc., among others.
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