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Concrete blocks and bricks are the basic materials used for construction. The exceptional property of sustainability and lower susceptibility to various types of damages that occur due to various natural and man-made factors makes it appropriate for construction. Bricks are made from clay, fly ash and lime and are comparatively inexpensive than concrete blocks. They also provide insulation to the building.
The increasing constructional activities all over the world due to increasing population. Various natural and manmade activities like seismic activities, floods, and fires cause damage to infrastructures which are repaired and reconstructed, this shall drive the market for concrete blocks and bricks. Additionally, the increasing demand for hollow concrete blocks attributed to the strength, durability and eco-friendly nature is anticipated to aid market growth.
However, there has been significant R&D in the construction sector. Development of enhanced and more efficient materials for construction like polymer, ceramics and composites is likely to hamper the market.
Key Market Driver -
Increasing constructional activities.
Key Market Restraint -
Introduction of new and enhanced building materials.
Based on type, the market is segmented into hollow, cellular, fully solid, clay, sand lime, fly ash clay, and other. Based on application, the market is segmented into commercial construction, industrial construction and residential construction.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The global concrete blocks and bricks market consists of global & regional players operating. Some of the key players in the market include CRH plc, Boral Limited, UltraTech Cement Ltd., Cemex S.A.B. de C.V., LCC Siporex Company, Midwest Block and Brick, Magicrete Building Solutions Pvt. Ltd., Monaprecast, Midland Concrete Products, Inc., Brickworks Limited, General Shale, Inc., Oldcastle, Xella Group, Acme Brick Company, and Others.
The market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is estimated to hold the largest share in the concrete blocks and bricks market. Rising population in China and India is fostering the construction sector. The infrastructural development in these countries to provide home and other facilities is thriving the regional market. North America is estimated to hold second largest share attributed to the rise in the disposable income that allows substantial spending on residential construction. Europe is expected to show significant growth due to the growing construction sector. Latin America and Middle East and Africa are expected to show considerable growth by the end of the forecast period.
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