Concrete Block and Brick Manufacturing Market Demand by 2030

𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐁𝐥𝐨𝐜𝐤 𝐚𝐧𝐝 𝐁𝐫𝐢𝐜𝐤 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

In terms of volume, the global concrete block and brick manufacturing market stood at 2,054,284.9 million units in 2019 and is anticipated to expand at a CAGR of ~5% during the forecast period. The global concrete block and brick manufacturing market is driven by the increase in demand for concrete block and brick manufacturing in the building & construction industry across the globe. Concrete block and brick manufacturing plays a key role in the construction of commercial, residential, and industrial infrastructure. Blocks and bricks are primarily used as building materials in the construction of walls.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1100

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐁𝐥𝐨𝐜𝐤 𝐚𝐧𝐝 𝐁𝐫𝐢𝐜𝐤 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

According to a report published by UN in 2017, the global population is estimated to increase from 6.4 billion in 2005 to 8.6 billion by 2030. The construction industry in Asia Pacific is projected to expand at a rapid pace during the forecast period. Residential construction is expected to expand at a sluggish but steady pace in China in the near future. In 2019, the National Development and Reform Commission of the People's Republic of China approved 26 infrastructure projects with total expected investment of US$ 142 Bn. The Government of China plans to diversify its economy by building infrastructure projects in all provinces of the country in order to counter the sluggish economy growth, due to its dependence on exports and the manufacturing sector. This rise in construction activities is boosting the construction industry in Asia Pacific, thereby propelling the concrete blocks and brick manufacturing market in the region. The global construction industry expanded by 3% in 2019 after 3.5% growth in 2018 and 2.7% growth in 2017. The residential segment held major share of the global construction industry in these years. Construction volumes in the U.S. grew +3% y/y in 2018 and +2.1% y/y in 2019. Construction spending growth in 2018 was driven by non-residential and residential sectors. Low unemployment rates, wage improvements, inventories, tax restructure, and decrease in interest rates are factors driving the residential construction sector in the U.S. Thus, increase in construction & infrastructure activities is likely to augment the concrete block and brick manufacturing market in the near future.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/concrete-block-brick-manufacturing.html

The rise in emphasis on environmental sustainability and eco-friendly green building solutions is expected to drive the concrete block and brick manufacturing market during the forecast period. For instance, autoclaved aerated concrete (AAC) is an eco-friendly green building solution and a major constituent of the concrete block and brick manufacturing market. The primary raw material used for production of AAC is fly ash (approximately 60% by weight), which is an inevitable residual waste of thermal power plants and is available in abundance. On the other hand, manufacture of traditional red bricks depends upon soil, coal, and other sources for fuel. This can act as a driver for the concrete block and brick manufacturing market in the near future.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1100

𝐖𝐞𝐚𝐤 𝐓𝐞𝐧𝐬𝐢𝐥𝐞 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡 𝐨𝐟 𝐁𝐫𝐢𝐜𝐤𝐬 𝐢𝐧 𝐄𝐱𝐭𝐫𝐞𝐦𝐞 𝐖𝐞𝐚𝐭𝐡𝐞𝐫 𝐂𝐨𝐧𝐝𝐢𝐭𝐢𝐨𝐧𝐬 𝐭𝐨 𝐇𝐚𝐦𝐩𝐞𝐫 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐁𝐥𝐨𝐜𝐤 𝐚𝐧𝐝 𝐁𝐫𝐢𝐜𝐤 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡

In extreme winter, horizontal or vertical cracks may occur near the foundation corners of a building. This may damage the structure. Similarly, cracks can occur on the walls during heavy rain and damage the structure. Construction of buildings with concrete bricks is time consuming. However, the filling process using concrete blocks requires less time compared to that of bricks that need extra working force and time. These factors are anticipated to hamper the concrete block and brick manufacturing market in the near future.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1100

𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐃𝐨𝐦𝐢𝐧𝐚𝐭𝐞𝐬 𝐂𝐨𝐧𝐜𝐫𝐞𝐭𝐞 𝐁𝐥𝐨𝐜𝐤 𝐚𝐧𝐝 𝐁𝐫𝐢𝐜𝐤 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

In terms of volume, Asia Pacific held major share of the global concrete block and brick manufacturing market in 2019. The region is expected to lead the global concrete block and brick manufacturing in terms of volume and value during the forecast period. Rapid urbanization and rise in demand for concrete blocks are boosting the demand for concrete block and brick manufacturing industry in Asia Pacific. The concrete block and brick manufacturing in Europe is expected to witness significant growth in the near future, owing to various government and private initiatives. Thus, rise in usage of AAC blocks in the building and construction sector in the region is anticipated to drive the concrete block and brick manufacturing market in Europe in the near future. However, Europe's market share is estimated to decline in the near future due to the rapidly growing market in Asia Pacific.

Of late, North America has been experiencing rapid increase in immigrant population. This has resulted in high demand for housing in the region. This is boosting the demand for concrete block and brick manufacturing in the region. Increase in private investment in Latin America and Middle East & Africa is fueling the concrete block and brick manufacturing market in these regions.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

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