Because to the COVID19 pandemic, the global Bricks & Blocks market is expected to be worth USD million in 2022, with a readjusted value of USD million by 2028, representing a CAGR of percent throughout the review period. Taking into account the economic impact of the health crisis, Clay Bricks, which account for % of the global Bricks & Blocks market in 2021, are expected to reach USD million in 2028, rising at a revised CAGR of % in the post-COVID19 timeframe. During the forecast period, the Building segment has been changed to a CAGR. In 2021, the China Bricks and Blocks market will be worth USD million, while the US and Europe Bricks and Blocks markets will be worth USD million and USD million, respectively.
The global Bricks and Blocks market size is expected to reach close to USD 2,563.60 Billion by 2029 with an annualized growth rate of 5.79% through the projected period.
In 2021, the United States' share is percent, while China and Europe's share is percent and percent, respectively, with China's share expected to reach percent in 2028, with a CAGR of percent throughout the analysis period. In Asia, notable markets include Japan, South Korea, and Southeast Asia.
Bricks are rectangular blocks, often made of dry clay. Bricks are classified based on the materials used in their production. Loam, sand-lime, fly ash clay, lime, cement water, and air entrainment are the most prevalent brick varieties. Concrete blocks, also known as concrete masonry units (CMUs), are made by mixing Portland cement with sand, water, and other aggregates. After that, the mixture is blasted into a mold of a specific size and shape, and the blocks are baked to cure.
The entire process of making concrete blocks is divided into mixing, molding, hardening and dicing. Mix the required amount of sand, gravel, and cement to make a concrete paste. Two types of kilns are used: low-pressure steam oven (room temperature) and high-pressure steam oven (300375 ° F (149191 ° C) and pressure 80185 psi (5.512.8 bar)) to help harden concrete pallets. Cube cutting is the final stage of concrete block manufacturing, forming two blocks on a block pallet and forcing the section between the two blocks to give a grainy stone-like texture.
The government is also actively involved in promoting the construction sector through programs and investments in the region, another key driver of growth in the construction sector in the Asia-Pacific region. Increasing commercial infrastructure construction in the Middle East as part of the Saudi Vision 2030 Initiative to enhance tourism and lessen reliance on the oil and gas sector has continued to bolster the construction sector. Concrete blocks and bricks should be in more demand as a result of this.
The high construction costs of concrete blocks and the low tensile strength of concrete blocks, however, are limiting the market's expansion. Concrete blocks are relatively expensive compared to traditional building materials. For example, the cost of concrete blocks is two to three times higher than the frame structure of wood or bars.
Market Size Estimation
The marketplace consists of sales generated via way of means of income of merchandise which include concrete block and bricks. These merchandise are synthetic via way of means of the use of combination of cement, sand, water, aggregates, and once in a while binding adhesives.
- Increased government spending on infrastructure development
- Shorter construction time and the need for lower cost products
- Development of manufacturing technology
- High initial investment
- Use of alternative building materials
- Rapid urbanization and industrialization of emerging markets
Asia Pacific region dominating the market
The Asia Pacific region is the largest and fastest growing market for the construction industry. Factors such as the expansion of the residential and commercial construction sector will drive regional market growth. Over the forecast period, the growing consumer trend toward lightweight materials in modern design, as well as the government's initiative to construct smart cities, are expected to support this rise, raising demand for hollow concrete blocks. In addition, the Asia Pacific hollow concrete block market is being driven by growing investment in private and governmental infrastructure construction projects in developing nations such as India and China. The Chinese government plans to relocate 250 million people to new big cities over the next few years, despite efforts to move the economy to a more service-oriented foundation. The government is focusing on expanding building construction by 200% by 2030, and the increase in bills such as the new Metrorail Act, which can attract private construction investment, will significantly increase the growth of the flame-retardant chemicals market.
Commercial segment dominates the market
Mass consumption of hollow concrete blocks for construction and remodeling activities is likely to make the commercial segment the dominant segment. Hollow concrete blocks are used to make flooring, walls, skirting boards, foundations, support structures, and other structural surfaces both within and outside the home. The favorable properties of hollow concrete blocks, such as lighter than brick, easier to install, and economical in terms of basic cost and cement consumption, are expected to drive market growth. The hollow concrete blocks' air pockets make them an ideal insulation solution, and their high strength makes them weather resistant, which is projected to fuel market expansion throughout the forecast period. Investment in the construction industry has risen as a result of the rehabilitation and refurbishing of old buildings. As a result, demand for hollow concrete blocks is on the rise. Construction and remodelling operations have been increasing rapidly in AsiaPacific countries such as China, India, Indonesia, Thailand, and Vietnam. Over the forecast period, this region's hollow concrete block market is expected to increase.
- In August 2020, Parker Block (Ernest Meyer) announced the acquisition of a concrete building system engaged in the manufacture of various prefabricated products such as companies.
- In November 2020, the National Institute of Standards and Standards (GNBS) of Guyana announced that it could test the compressive strength of locally manufactured concrete hollow blocks.
Bricks and Blocks Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2027||USD 2,563.60 Billion|
|Growth Rate||CAGR of 5.79 % during 2021-2027|
|Segment Covered||By Product Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Wienerberger AG, CRH plc, Acme Brick Company, Boral Limited, CEMEX S.A.B. de C.V., UltraTech Cement, and the rest others.|
Market Segmentation by type, application, end user and region.
- By Types
- By Applications
- Structural area
- Non-structural area
- By End Users
- Residential Sectors
- Non-residential Sectors
- By Regions
- North America
- Rest of Asia-Pacific
- SOUTH AMERICA
- South America
- Middle East