The concrete blocks and bricks have the resilience to create low maintenance homes in locations with high moisture content. Further, the advantages such as reduction of termites and rodents has increased its popularity among the consumers. The escalating construction industry has created multiple growth opportunities for the concrete block and brick manufacturing market during the forecast period of 2020-2030.
The features of concrete blocks and bricks such as resistance from earthquake have been added through consistent research and development activities which have ultimately expanded the horizons of growth for the concrete block and brick manufacturing market. The leading players are trying to innovate novel products with added features to enhance the performance of the concrete blocks and bricks which may eventually create new wave of growth for the concrete block and brick manufacturing market. In addition, the key players are focusing on market expansion through strategic collabrations with mergers, acquisitions, partnerships, and startups. The new product launches have added on to the product profile of the leading players. Additionally, the marketing activities and promotional initiatives play a crucial role in the growth of the market.
Some of the key players operating in the concrete block and brick manufacturing market are Alphagay, Dow, BASF SE, 3M, and Celanese Corporation.
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Soundproof Attributes and Lower Energy Usage Propels Market Growth
The globalmarket is anticipated to expand at a CAGR of ~5%. The features of concrete blocks and bricks such as sound proof walls, energy saving characteristics and fire resistance may excite the consumers. Further, the rapid industrialization has led to escalation of construction activities for commercial spaces and residential complex. The rising disposable income of the individuals in developing countries has created burgeoning demand for concrete blocks and bricks which may generate good revenue for the market growth. The features such as support to water sewage, efficient insulation, and disaster control may contribute to the growth of the concrete block and brick manufacturing market.
The increasing spending on architecture and designing of various varieties and patterns of bricks such as handform, wire cut materials, and waterstruck which augment the growth of the concrete block and brick manufacturing market. The stylish décor and the style statement that speaks about the building has created new growth avenues for the concrete block and brick manufacturing market.
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The innovative and advanced materials used in construction activities and the awareness about the various options that facilitate the growth of the concrete block and brick manufacturing market may add value to the growth of the concrete block and brick manufacturing market.
Sustainable bricks and blocks are being manufactured at cost effective rates which may increase the sales of concrete bricks and blocks significantly. The leading manufacturers are providing training to the employees to understand the various possibilities and combinations that make the aesthetic look more appealing and attracts the consumer attention. The end use application of concrete bricks and blocks in automotive, agriculture, and building and construction may offer lucrative offers for the growth of the concrete block and brick manufacturing market.
Asia Pacific to Dominate the Global Market
Asia Pacific is expected to show considerable growth and may prove to be the highest revenue generator for the concrete block and brick manufacturing market owing to the rising construction activities in highly populated countries such as India and China. North America also may show good growth owing to the presence of large number of manufacturers in this region. The increase in demand for construction materials in developing countries across the globe due to expansion of real estate business and expanding residential and commercial spaces may prove to be a game changer for the concrete block and brick manufacturing market.
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The concrete block and brick manufacturing market can be segmented into
Product Type
Concrete Block
- Hollow
- Cellular
- Fully Solid
Brick
- Clay
- Sand Lime
- Fly Ash Clay
- Others
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