Global Hollow Concrete Blocks Market Forecast, Trend Analysis And Competition Tracking - Market Insights: 2015 – 2031
This report was compiled by Correspondence Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Hollow Concrete Blocks Market Overview
The global Hollow Concrete Blocks market was valued at US$ XXX million in 2020, and is projected to grow at a CAGR of 5%.
Some hollow concrete blocks are used in construction because they offer many benefits. One reason is that they are lightweight. Hollow concrete blocks are also less expensive than other options, such as brick, and can be transported to the site in crates. Hollow concrete blocks are an excellent option for modern construction to make it more sustainable.
Hollow Concrete Blocks are a new design being used in the construction of the Hoover Dam. This new type of concrete blocks have been designed to be less heavy with a lower risk of water damage due to the hollow spaces within the blocks. In addition, this new form of concrete block can also be manufactured more quickly and with less labor costs due to its simple design.
Hollow concrete blocks are often preferred over solid concrete blocks because they are less likely to crack. Hollow concrete blocks also allow for more insulation and durability than solid concrete, which is important for those who live in areas where the ground freezes during the winter. The hollow spaces between individual blocks can be filled with insulation or plaster to make the structure more weather-proof.
Hollow concrete blocks are less dense because the spaces in-between them are filled with air. This provides a unique opportunity for these blocks to be more durable than solid blocks. If hollow blocks are crushed, they will simply rearrange themselves to regain their original shape. Additionally, because there is little to no weight on the outside of hollow blocks, they have an increased resistance against frost heave and other types of structural heaving.
Concrete is a versatile material that's perfect for many applications including hollow concrete blocks. Hollow concrete blocks are often used in the construction of timber frame shear walls and floor joists in houses and commercial buildings. These blocks can be stacked and bolted together to create a reinforced structure that will provide additional strength, stiffness, and stability for the building. The article discusses how hollow concrete blocks can be used for this purpose.
The global Hollow Concrete Blocks market is segregated into types, applications, and regions. On the basis of type, the global Hollow Concrete Blocks market is sub-segmented into smooth-faced, and split-faced. With respect to application, the global Hollow Concrete Blocks market is distributed into industrial, residential, commercial, and other applications. On the basis of region, the global Hollow Concrete Blocks market is sub-segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
A Rise In Consumer Desire For Green Buildings
A rise in consumer desire for green buildings is increasing the demand for Hollow Concrete Blocks. This is due to the increased construction of LEED-certified buildings. A LEED-certified building is a structure that earns points in its certification based on how it functions as an environmentally sustainable and safe building. Some of these certifications include: Leadership in Energy and Environmental Design, Energy Star, and Green Globes.
Developments In Raw Sustainable Materials Sediments And Synthetic Sand, Has Resulted In A Surge In Demand
The manufacturing development of raw sustainable materials, sediments and synthetic sand has resulted in a surge in demand for Hollow Concrete Blocks. The heavy materials industries are on the upswing as these blocks are needed to make concrete buildings, roads, tunnels and dams. This demand has created jobs for people who live and work near the quarries and for those who manufacture the blocks.
Higher Durability Of Hollow Concrete Blocks
The high durability of Hollow Concrete Blocks which would assist manufacturing industry make use of it. Sometimes, the construction industry needs to create a very large building in an area where there is not enough room for conventional assembly. This is when Hollow Concrete Blocks can come into play. They are used by first stacking them on top of one another to form the shape of the walls that will be constructed on site.
Lightweight Product And Low Cost
The Hollow Concrete Blocks industry as a whole is as lightweight and as inexpensive as any other product on the market, and this will allow for higher revenue-generating opportunities. The cost of the blocks themselves is low, and this contributes to their appeal amongst both consumers and builders. These blocks offer an appealing alternative to traditional blocks because they are not only lighter and less expensive than those on the market but also come in a variety of shapes, sizes, and colors.
Fluctuating Raw Material Cost
The Hollow Concrete Block market is constrained by fluctuating material costs. Raw materials, such as the aggregate and cement, are very volatile in price and affect the production cost of a building block. This is because a company must purchase a certain number of aggregates and cement to produce a specific amount of blocks. When aggregate and cement prices increase, it increases the production cost for an individual block, but when they decrease, it decreases the production cost for an individual block.
Foreign Direct Investment Poured In To Boost The Hollow Concrete Blocks Market.
The FDI inflows to India in the first five months of 2020-21 have grown considerably in the prediction window. Moreover, it experienced a record high. However, the sharp contraction of 60% in the first quarters of the industrial year, with July and August generalizing over $20 billion in equity FDI. The companies are intent on shifting their production lines in so that it will gradually grow the industrial hollow concrete block market.
COVID 19 Scenario For Global Hollow Concrete Blocks Market
The COVID-19 has had an extremely adverse effect on the economy all around the world, resulting in an exceptionally sharp decline in revenue in the hollow concrete block industry. Many nations enforced big restrictions on the possession of hollow concrete poles, which led to a large decrease in demand for the product. Industries are working on innovations while focusing on the needs of consumers during the pandemic crisis. Businesses will see an increase in interest in their products by the end of the year.
Asia Pacific Dominates The Global Market
The global hollow concrete blocks markets is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Markets in the Asia Pacific region are expected to account for the largest share over the next decade. An expansion in the residential construction sector is likely to boost the market growth of hollow concrete blocks in this region.
Report Scope
- Forecast Period: 2022-2031
- Actual Year: 2021
- Historical Data Available for: 2015-2020
Competitive Landscape
- Acme Brick Company
- Brampton Brick
- CEMEX SAB de CV
- CRH plc
- Magicrete Building Solutions Pvt. Ltd
- MIDLAND BRICK
- Taylor Concrete Products Inc.
- Tristar Brick and Block Ltd
- UltraTech Cement Ltd
- Xella Group
- Other Key Players
Key Segment Covered
Global Hollow Concrete Blocks Market Segmentation by Type
- Smooth-faced
- Split-faced
Global Hollow Concrete Blocks Market Segmentation by Application
- Industrial
- Residential
- Commercial
- Other Applications
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn -
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- Acme Brick Company
- Brampton Brick
- CEMEX SAB de CV
- CRH plc
- Magicrete Building Solutions Pvt. Ltd
- MIDLAND BRICK
- Taylor Concrete Products Inc.
- Tristar Brick and Block Ltd
- UltraTech Cement Ltd
- Xella Group
- Other Key Players