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Red Brick Market Size Projected to Rise Lucratively during 2025

07-12-2018 07:06 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

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Red Brick Market Size Projected to Rise Lucratively during 2025

Red brick is an important material primarily used in the construction of buildings. Red bricks protect the building from the heat as it collects heat energy that is absorbed during daylight and releases the heat after the sun sets. This process helps to keep the house cool in summer and warm in winter. Red brick is strong for normal construction and the raw material for red bricks are easily available with low cost of maintenance. Red bricks have strong plaster durability to hold the bricks together for a longer period of time.

Increasing construction activity and infrastructure, rising per capital income, rapid industrialization and urbanization, and increasing economic growth are the major trends which are projected to drive the demand for red brick during the forecast period. Furthermore, rising demand for premium quality and eco-friendly material is the key driver estimated to expand the overall red brick market in the near future. Red bricks generate very small amount of waste and release minimal environmental pollutants; therefore, they are environment friendly and degrade completely. However, due to low profitability for builders, various builders are avoiding red bricks production, which is estimated to obstruct the red brick market during the forecast period. Red bricks are fire resistant, easily recyclable, and reusable which is projected to be an opportunity to drive the red brick market during the forecast period.

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The global red brick market has been segmented by bricks type, color type, size, end use industry, and region. In terms of bricks type, the market has been divided into solid bricks and hollow bricks. On the basis of color type, the market is segmented into single color bricks and blend bricks. According to size, the market is bifurcated into small and large. There are mainly two types of size in inches in the red bricks market which includes 4 inches red brick and 6 inches red brick. Additionally, the red brick market based on end use industry is categorized into residential and commercial industry. Commercial industry segment is expected to expand faster as compared to residential end use segment. This is mainly due to increasing construction and new commercial offices being opened all around the globe.

Based on geographic regions, the global red brick market is classified across Europe (EU), North America (NA), Middle East & Africa (MEA), South America (SA), and Asia Pacific (APAC). North America country-level analysis features Canada, the U.S., and Rest of North America. Europe’s red brick market analysis and forecast includes markets across Germany, the U.K., France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, Australia, and Rest of APAC region. Middle East & Africa depicts the red brick market analysis and forecast across South Africa, GCC countries, and Rest of Middle East & Africa. The South America red brick market is segmented among Argentina, Brazil, and Rest of South America. Asia Pacific accounts for the largest market share currently and is expected to continue its dominance throughout the forecast period. With the increasing population, the need for housing is also rising.

View Our Report @ https://www.transparencymarketresearch.com/red-brick-market.html

Major companies operating in the global red brick market include Belden Brick, Brickhunter Limited, Redland Brick, PGH Bricks & Pavers Pty Ltd, El Khayyat Red Bricks Manufacturing, Shri Swami Bricks Industries,The Bespoke Brick Company, CityCastle, Neptune Industries Ltd., Al Diyar (Diyar Home), S. Anselmo ISOVISTA, Arora Firebricks, TOTAL Panel System, S.A., Green Leaf Brick, and Triangle Brick Co.

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The companyРђЎs exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMRРђЎs experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMRРђЎs data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

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