ConcreteBlock and Brick Manufacturing Market: Introduction
Interms of volume, the global concrete block and brick manufacturingmarket stoodat 2,054,284.9 million units in 2019 and is anticipated to expand at a CAGR of~5% during the forecast period. The global concrete block and brickmanufacturing market is driven by the increase in demand for concrete block andbrick manufacturing in the building & construction industry across theglobe. Concrete block and brick manufacturing plays a key role in theconstruction of commercial, residential, and industrial infrastructure. Blocksand bricks are primarily used as building materials in the construction ofwalls.
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KeyDrivers of Concrete Block and Brick Manufacturing Market
Accordingto a report published by UN in 2017, the global population is estimated toincrease from 6.4 billion in 2005 to 8.6 billion by 2030. The constructionindustry in Asia Pacific is projected to expand at a rapid pace during theforecast period. Residential construction is expected to expand at a sluggishbut steady pace in China in the near future. In 2019, the National Developmentand Reform Commission of the People's Republic of China approved 26infrastructure projects with total expected investment of US$ 142 Bn. TheGovernment of China plans to diversify its economy by building infrastructureprojects in all provinces of the country in order to counter the sluggisheconomy growth, due to its dependence on exports and the manufacturing sector.This rise in construction activities is boosting the construction industry in AsiaPacific, thereby propelling the concrete blocks and brick manufacturing marketin the region. The global construction industry expanded by 3% in 2019 after3.5% growth in 2018 and 2.7% growth in 2017. The residential segment held majorshare of the global construction industry in these years. Construction volumesin the U.S. grew +3% y/y in 2018 and +2.1% y/y in 2019. Construction spendinggrowth in 2018 was driven by non-residential and residential sectors. Lowunemployment rates, wage improvements, inventories, tax restructure, anddecrease in interest rates are factors driving the residential constructionsector in the U.S. Thus, increase in construction & infrastructureactivities is likely to augment the concrete block and brick manufacturing marketin the near future.
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Therise in emphasis on environmental sustainability and eco-friendly greenbuilding solutions is expected to drive the concrete block and brickmanufacturing market during the forecast period. For instance, autoclavedaerated concrete (AAC) is an eco-friendly green building solution and a majorconstituent of the concrete block and brick manufacturing market. The primaryraw material used for production of AAC is fly ash (approximately 60% byweight), which is an inevitable residual waste of thermal power plants and isavailable in abundance. On the other hand, manufacture of traditional redbricks depends upon soil, coal, and other sources for fuel. This can act as adriver for the concrete block and brick manufacturing market in the nearfuture.
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WeakTensile Strength of Bricks in Extreme Weather Conditions to HamperConcrete Block and Brick Manufacturing Market Growth
Inextreme winter, horizontal or vertical cracks may occur near the foundationcorners of a building. This may damage the structure. Similarly, cracks canoccur on the walls during heavy rain and damage the structure. Construction ofbuildings with concrete bricks is time consuming. However, the filling processusing concrete blocks requires less time compared to that of bricks that needextra working force and time. These factors are anticipated to hamper theconcrete block and brick manufacturing market in the near future.
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AsiaPacific Dominates Concrete Block and Brick Manufacturing Market
Interms of volume, Asia Pacific held major share of the global concrete block andbrick manufacturing market in 2019. The region is expected to lead the globalconcrete block and brick manufacturing in terms of volume and value during theforecast period. Rapid urbanization and rise in demand for concrete blocks areboosting the demand for concrete block and brick manufacturing industry in AsiaPacific. The concrete block and brick manufacturing in Europe is expected towitness significant growth in the near future, owing to various government andprivate initiatives. Thus, rise in usage of AAC blocks in the building andconstruction sector in the region is anticipated to drive the concrete blockand brick manufacturing market in Europe in the near future. However, Europe’smarket share is estimated to decline in the near future due to the rapidlygrowing market in Asia Pacific.
Oflate, North America has been experiencing rapid increase in immigrant population.This has resulted in high demand for housing in the region. This is boostingthe demand for concrete block and brick manufacturing in the region. Increasein private investment in Latin America and Middle East & Africa is fuelingthe concrete block and brick manufacturing market in these regions.
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