For instance, manufacturers may add accelerating, waterproofing, and water-reducing admixture to enhance the form, quality, and tensile strength. Concrete brick manufacturers can enhance their products to fulfill the consumer’s needs. The rapid growth in the construction industry and the encouragement of government-public affairs will create an opportunity to increase market share in developing countries. Increased Demand for Eco-friendly Concrete Blocks and Bricks May Create Market Opportunity Request a Free sample to learn more about this report. ![]() Additionally, the demand for the product slowed down as the government initiated only the manufacturers involved in the production of consumer goods.Īs a result, the product’s producers faced dramatic changes in the supply-demand chain, business operations, production capacities, and logistic delays. For instance, the Chinese cement industry’s output decreased by 8.2% from January to May 2020. The demand for concrete blocks and bricks has been falling since the end of 2019. Despite the uncertainties, the global market has been moderately profitable as the product is widely used to construct buildings and apartments. Many companies persistently worked to improve their supply chain. This resulted in the prevention of construction activities. The construction industry faced a massive downward trend over the past decade due to the COVID-19 pandemic as governments of several countries imposed lockdowns on business operations. Supply Chain Disruptions Due to Lockdown Restrictions Hampered the Market Growth These clay bricks can absorb water through the pores, which can harm building construction in case of excess porosity. Additionally, most acme bricks are made of the firing process and used in masonry construction. ![]() On the other hand, the product has low tensile strength, making it a less preferable choice for the construction. Materials, including carbon fiber, may hinder market growth, as they can be produced using carbon-reinforced fibers and capture more carbon than their emission rate, respectively, making them suitable for advanced construction. Additionally, governments in the fastest developing countries have encouraged construction & infrastructure activities, which is expected to boost the concrete blocks and bricks market growth in the forecast period. This has urged the residential, commercial, and industrial construction requirements. According to World Bank Data, the urban population reached 56% in 2021 from 47% in 2000 out of the world population to maintain a better quality of life and career opportunity. On the other hand, urbanization has increased in the last decade. Thus, the growth of the product is associated with its use in the construction industry. ![]() Blocks and bricks are the key raw materials for this construction. This has resulted in the growth of the construction industry, leading to an increased demand for construction and infrastructure materials. Moreover, the product is utilized in constructing fireplace buildings, chimneys, and non-bearing walls as it delivers better compressive strengths and durability and remains affordable and environment-friendly.Īdditionally, residential space requirements such as buildings, apartments, and private bungalows have increased over the past years. It reduced construction time as concrete brick manufacturing enable more systematic, stronger, and faster construction than plasterboard walls. Based on our analysis, the global market exhibited a decline of -1.2% in 2020 as compared to 2019.Ĭoncrete blocks and bricks are used for residential, commercial, and industrial construction as the product offers various advantages such as providing thermal resistance if suitable parameters are taken during the construction. The global COVID-19 pandemic has been unprecedented and staggering, with concrete blocks and bricks experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. ![]() 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. The global concrete blocks and bricks market size was valued at USD 350.80 billion in 2021.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |