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Concrete Block and Brick Manufacturing Market Analysis and Value Forecast Snapshot by End-use Indust
Global Concrete Block and Brick Manufacturing Market: Overview
The global concrete block and brick industry is in a mature stage with numerous players – both branded and non-branded – manufacturing concrete blocks, bricks, and pipes. The market has weathered the economic downturn resulting from the 2008 financial meltdown to expand at a steady pace, particularly in the emerging economies of the world. Going forward, it is expected to continue its impressive growth pace in the developing nations. The market is predicted to see a solid growth on the back of industrial applications.
Concrete bricks and blocks, on account of their high tensile strength, have supplanted conventional bricks to a great extent in the construction of different types of building structures. They are also known as concrete masonry units (CMUs). They are available in the market as cellular blocks, hollow blocks, and fully solid blocks that find application in different areas. A report by Transparency Market Research offers key insights into the global concrete block and brick manufacturing market after an exhaustive primary and secondary research. It furnishes information on the current market size by factoring in revenues and sales. It presents a thorough peek into the present competitive scenario by discussing the various growth drivers and restraints and by profiling the key players.
Global Concrete Block and Brick Manufacturing Market: Trends and Opportunities
The rapid pace of industrialization and the tremendous growth in the IT sector, especially in the emerging economies of the world, has brought about a construction boom, which in turn has substantially boosted the global market for concrete block and brick manufacturing. Sweeping changes in the industrial sector leading to the overall development of infrastructure of many regions too has filliped the market. On account of their durable nature, concrete blocks and bricks have seen swifter uptake compared to conventional bricks. Another important factor driving growth in the market is the lower cost of manufacturing that has egged developers to quickly adopt the construction material which needs reduced processing compared to conventional materials.
Regulations by the Environmental Protection Agency (EPA) and Greenpeace to counter global warming, however, serve as a major bottleneck to the current growth of the market. The rising use of concrete blocks and bricks has been blamed for upping temperatures globally. This is because the heat gets arrested in concrete structures effecting a rise in temperature. The rise in temperature results in higher usage of air conditioners, bringing about a heat island effect, which further aggravates the pace of warming. Hence, restrictions have been placed on the use of concrete blocks and bricks.
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