Concrete Block & Brick Manufacturing Market Opportunities, and Future Outlook will Reach $558.1 Bn by 2030

Increase in government expenditures on infrastructure projects, rise in need for short construction time, and cost-effective items are the factors driving the growth of the global concrete block and brick manufacturing market. However, increase in the adoption of environment-friendly material for the construction of buildings creates a major restraint to the market. As far as the opportunities available to the market are concerned, progress in manufacturing technology is turning out to be useful.

The concrete block & brick manufacturing market size was valued at $339.5 billion in 2020, and is expected to reach $558.1 billion by 2030, registering a CAGR of 5.7% from 2021 to 2030. Construction of all infrastructures needs concrete for building purpose. Concrete can be in the form of precast products such as block and bricks. Revenue generated by sales of these products represents the concrete block & brick manufacturing.

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The report offers detailed segmentation of the global concrete block and brick manufacturing market based on type, application, end-user, and region.

Based on type, the brick segment accounted for the largest market share in 2020, contributing to around three-fifths of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the concrete block segment is estimated to witness the fastest CAGR of 5.9% from 2021 to 2030.

Based on the application, the structural segment contributed to the largest share in 2020, accounting for more than four-fifths of the global concrete block and brick manufacturing market. However, the non-structural segment is expected to lead the market with the manifestation of the highest CAGR of 6.4% from 2021 to 2030.

Based on region, Asia-Pacific contributed to the highest share in 2020, holding more than two-thirds of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, LAMEA is expected to portray the fastest CAGR of 6.7% during the forecast period.

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Top Players:
The major players profiled in the market include Acme Brick Company, Bauroc AS, Boral, CEMEX, S.A.B. de C.V., CRH, Lignacite Ltd., Midwest Block & Brick, Mona Precast (Anglesey) Ltd., Wienerberger AG and Xella Group. Major companies in the market have adopted strategies, such as business expansion, acquisition, product launch, and collaboration, to offer better products and services to customers in the concrete block & brick manufacturing.

Key Findings Of The Study
• By type, the block segment was the highest revenue contributor in 2020.
• By application, the structural segment was the highest revenue contributor in 2020.
• By end user, the residential sector segment was the highest revenue contributor in 2020.
• By region, Asia-Pacific generated the highest revenue in 2020.

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