Press release
Concrete Block & Brick Manufacturing Market Flourishing due to Rising Emergence of Construction Industry
Concrete Block & Brick Manufacturing Market
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.
A rise in government spending on the development, reconstruction, and repair of infrastructure in different countries contributes to an increased demand for concrete precast products and elements. Additionally, the use of precast products helps reduce construction time, ultimately saving on project costs and timelines.
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Initial investment costs are high to setup concrete precast production facility. In addition, there has been rise in environmental awareness, which has led to the adoption of sustainable and environment-friendly construction material to build houses and offices. Such factors hinder the concrete block & brick manufacturing market growth.
Key Segments:
The market is segmented into type, application, end user, and region.
By type, it is segregated into block and brick. Depending on application, it is classified into structural and non-structural.
On the basis of end user, it is divided into residential sector and non-residential sector.
By region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Italy, and rest of Europe), Asia-Pacific (China, Bangladesh, Vietnam, India, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).
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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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