According to Fortune Business Insights the global concrete blocks and bricks market size was valued at USD 350.80 billion in 2021. The market is projected to grow from USD 369.66 billion in 2022 to USD 566.41 billion by 2029, exhibiting a CAGR of 6.3% during the forecast period. Concrete blocks and bricks are used in commercial, residential, and industrial construction.
Concrete blocks and bricks are widely used in residential, commercial, and industrial construction due to their numerous advantages. When proper construction parameters are followed, they offer excellent thermal resistance. These materials also help reduce construction time, as concrete brick manufacturing allows for more systematic, stronger, and faster construction compared to traditional plasterboard walls. Additionally, they are commonly used in building fireplaces, chimneys, and non-load-bearing walls because of their superior compressive strength, durability, cost-effectiveness, and environmentally friendly properties.
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Segmentation Analysis:
By Type, Cement Blocks to Gain Demand through 2029
On the basis of type, the market is segmented into cement block (hollow, fully solid, cellular) and brick (clay, fly ash clay, sand lime and others). Bricks are the oldest construction material and they are cheaper compared to other bricks. Fly ash clay bricks are highly improved, well quality bricks that are preferred over normal clay bricks. Concrete blocks are versatile and due to their wide variety of appearance, they are used heavily. These blocks are also called as Concrete Masonry Unit (CMU) or cinder blocks. Concrete blocks do not absorb heat so they require less insulation compared to other construction materials.
By Application, Residential Segment to Gain Traction over 2022-2029
In terms of application, the market is divided into residential, commercial, and institutional. Out of these, the residential segment is expected to grow. With increasing population, demand for renovation in urban areas and people opting to have nuclear families are likely to grow the market share. Additionally, governments worldwide have developed programs that are aimed at designing and building using resources that align with the concept of green construction.
List of Key Players Profiled in the Report
- Interstate Bricks (U.S.)
- Wallnett AAC Bricks Pvt. Ltd. (India)
- UltraTech Cement (India)
- CEMEX S.A.B. de C.V. (Mexico)
- LCC Siporex (Saudi Arabia)
- Midwest Block and Brick (U.S.)
- Magicrete Building Solutions (India)
- Monaprecast (U.K.)
- Midland Concrete Products (U.S.)
- Brickworks Limited (Australia)
Report Coverage:
The report offers:
- Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
- Comprehensive insights into regional developments.
- List of major industry players.
- Key strategies adopted by the market players.
- Latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints:
Expansion of the Market due to Wider Concrete Blocks and Bricks Applications
The concrete blocks and bricks market growth is primarily driven by autoclaved aerated blocks and bricks. The blocks and bricks provide aesthetic appeal and strong architectural structure. The demand for autoclaved aerated blocks has increased significantly worldwide due to modular design. In modular building, the sections are assembled on site and built offsite. This fast pace approach increases the demand for the product.
Regional Insights:
Asia Pacific Registered Highest Market Share in 2021 due to Growing Infrastructure and Rising Population
The Asia Pacific market grew exponentially due to rise in population and growing infrastructure. China and India are the most populous in this region. Demand for apartments, bungalows, and buildings is pushing forward the market growth. Therefore, this results in the rising number of manufacturers of construction materials such as cement blocks and bricks.
North America accounted for a significant concrete blocks and bricks market share. Countries in the U.S. have greater per capita income. This leads to pressure on manufacturers to provide high-quality construction materials.
Key Industry Development:
April 2022 – Brickworks Limited announced plans to expand its presence in North Queensland by extending its manufacturing and distribution operations, aiming to maximize revenue growth.
January 2022 – CEMEX, S.A.B. de C.V. entered into an agreement with U.K.-based Breedon Group plc to sell selected assets. This strategic move is expected to enhance market revenue.
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