Global Hollow Concrete Blocks Market Research Report

Global Hollow Concrete Blocks Market

The GMI Research forecasts that the Hollow Concrete Blocks Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the escalating infrastructural necessities led by the mounting global population.

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Introduction of the Hollow Concrete Blocks Market

Hollow concrete blocks are thin concrete masonry units made of aerated concrete. They suffice the need for long-lasting, practical, and economical materials in the construction industry and possess unique properties including high strength, excellent fire rating, better performance, and durability.

Key Players of the Global Hollow Concrete Blocks Market:

· Acme Brick Company

· CEMEX SAB de CV

· CRH plc

· Tristar Brick and Block Ltd

· MIDLAND BRICK

· Brampton Brick

· Taylor Concrete Products Inc.

· Xella Group

· Magicrete Building Solutions Pvt. Ltd

· UltraTech Cement Ltd

Hollow Concrete Blocks Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The hollow concrete blocks market is experiencing robust growth because of the surging allowance and funding in the construction industry owing to the swift globalization and accelerating population. The government across several nations is largely emphasizing raising the building construction by 200% by 2030 along with the augmenting number of acts like the new Metro Rail Act, which will allure private investment and further stimulate the hollow concrete blocks market growth. In addition, these blocks are light in weight; helps to conserve energy and transportation, and use industrial waste as their major constituent with very good insulating properties are some other driving factors of the market. However, the unstable prices of raw materials required for their production will curb the hollow concrete blocks market share.

Product Type Segment Drivers

Based on the product type, smooth-faced hollow concrete is witnessed to grow at a higher CAGR in the market over the forecast period. They have a broad scope of application in commercial and construction projects. Thus, the elevating number of constructions projects will bolster the market growth.

Application Segment Drivers

Based on the application, the commercial is contemplated to lead the market in the coming years. This is because of the usage of Split and smooth-faced blocks in the commercial sector due to their beneficial advantages such as exceptional fire rating, superior performance, durability, and high strength.

Regional Drivers

Based on regional coverage, Asia-Pacific will account for the largest share in the market over the forecast period. This is primarily because of high capital expenditure in the non-residential and residential sectors. The surging population, rising Foreign Direct Investments (FDI), and enhanced GDP are aggravating the construction sector. Government initiatives to develop smart cities will further strengthen the hollow concrete blocks market size.

Hollow Concrete Blocks Market Segmentation:

Segmentation by Grade

· Grade A

· Grade B

Segmentation by Product Type

· Split-Faced

· Smooth-Faced

Segmentation by Application

· Residential

· Commercial

· Industrial

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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