Concrete Block and Brick Manufacturing Market to Rise at CAGR of 5% Between 2020 and 2030: TMR Study

May 22, 2023

WILMINGTON, DE / ACCESSWIRE / November 17, 2022 / Transparency Market Research Inc. - The last decade has witnessed an increase in urbanization, with growing population sections shifting from rural parts of the world to the urban regions of the world.

As a result, the need to construct both residential and commercial spaces has risen, which has increased the need for raw materials such as concrete and bricks, which has fueled the need to produce concrete blocks and bricks and triggered the growth of leading players in global Concrete Block and Brick Manufacturing Market.

Concrete blocks are available in different types such as fully solid, cellular, and hollow. A few types of brick products such as sand lime, clay, and fly ash fly are witnessing increased demand in construction activities.

As per a study conducted by Transparency Market Research, the global Concrete Block and Brick Manufacturing Market are estimated to reach a value of 3051172Mn units, by the end of the forecast period in 2030.

New concrete block and brick launches are assisting prominent market players in gaining an edge over other players and in generating new stable revenue streams.

Furthermore, leading market players are looking to increase their revenue and expand their global market presence by signing collaborative agreements with smaller players.

Well-established manufacturers are also looking to increase their production capacities in a bid to meet consumer requirements.

Request FREE Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1100 Key Findings of Concrete Block and Brick Manufacturing Market Study

Increasing Construction Activities Worldwide Boosting Growth in Concrete Block and Brick Manufacturing Market: The last decade has witnessed a rise in construction activities in prominent countries worldwide. An increase in construction activities has led to rising demand for building materials to develop both residential and commercial spaces. As a result, the demand for products such as concrete blocks and bricks has risen, which has led to an increase in the need to manufacture concrete blocks and bricks and augmented the growth in the overall Concrete Block and Brick Manufacturing Market

Concrete Block and Brick Manufacturing Market: Key Drivers

The rising number of architects purchasing different types of bricks such as hand form and water-struck is boosting the growth in Concrete Block and Brick Manufacturing Market

An increasing number of start-ups developing homes that remain warm in winters and cool in summers could fuel growth in Concrete Block and Brick Manufacturing Market

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Concrete Block and Brick Manufacturing Market: Regional Market Insights

Globally, Asia Pacific accounted for a key share of the global market in 2019. Increasing investments by governments in the construction of public house buildings in countries such as China played a key role in the market growth in the region

Europe is projected to witness significant growth in the overall market during the forecast period between 2020 and 2030 because of rising product demand in the construction of residences and commercial spaces in countries as well as the presence of numerous leading players in countries such as the U.K. and Germany

Latin America is anticipated to witness significant growth in the overall market during the forecast period owing to factors such as improving the gross domestic product in countries such as Brazil

Concrete Block and Brick Manufacturing Market: Key Players

The global Concrete Block and Brick Manufacturing Market have reduced the presence of prominent players.

Well-established Concrete Block and Brick Manufacturing Market players are looking to produce improved products that would meet customer requirements by making investments in research and development undertakings.

Some of the prominent players in the global market include

3M,

Dow,

BASF,

Celanese Corporation,

Alphagary, and Dow.

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The global concrete block and brick manufacturing market is segmented as follows:

Product Type

Concrete Block

Hollow

Cellular

Fully Solid

Others

Brick

Clay

Sand Lime

Fly Ash Clay

Others

AAC Block

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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About Transparency Market Research

Transparency Market Research, a global market research company registered in Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analyzed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

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SOURCE: Transparency Market Research inc.

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