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Global Hollow Concrete Block Market Size study & Forecast, by Product Type( Split-faced, Smooth-faced) by Application (Residential, Commercial, Industrial, Others) and Regional Analysis, 2023-2030
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Global Hollow Concrete Block Market is valued approximately USD xxx billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. A hollow concrete block, also known as a hollow block or concrete masonry unit (CMU), is a type of building material commonly used in construction. The block contains hollow cavities or voids, which significantly reduce its weight while maintaining its structural strength. The Hollow Concrete Block market is expanding because of factors such as increasing demand from construction activities and growing awareness among consumers for lightweight materials.
Hollow concrete blocks are used in construction to create foundations, floors, walls, footers, and other structural surfaces inside and outside of a house. According to Statista, in the year 2019 Construction industry spending worldwide stood at USD 12 trillion which increased to USD 12.9 trillion in year 2021 and it is projected to reach USD 19.2 trillion by year 2035. This rising spending indicates the rising number of construction activities across the globe which is driving the market growth. In addition, rising research, and development initiatives to encourage product innovation and rising government focus on energy-efficient construction practices is creating a lucrative opportunity to the market. However, fluctuating cost of raw material stifles market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Hollow Concrete Block Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the rising number of construction projects, and rising government investment in construction industry. North America is expected to grow significantly during the forecast period, owing to factors such as rising technological advancement and the presence of key market players in the region.
Major market players included in this report are:
- Acme Brick Company
- Alweher co.
- Bharathi Cement Corporation Private Limited
- Brampton Brick
- CEMEX SAB de CV building material company
- CRH plc
- Magicrete Building Solutions Pvt. Ltd
- MIDLAND BRICK
- Parker Block (Ernest Maier)
- Taylor Concrete Products Inc.
Recent Developments in the Market:
- In October 2022, A VICAT France group company, Bharathi Cement Corporation Pvt. Ltd., opened a 0.75 MTPA bulk cement and brick port in Coimbatore. The business also launched "QUICKCEM," a green cement, in Kerala and Tamil Nadu to service the hollow block and precast segments.
- In June 2021, Oldcastle A.P.G. acquired EP Henry, which produces masonry materials and hardscape products in the US Mid-Atlantic region. The acquisition helps the business grow its manufacturing and distribution capabilities and strengthens its position in the masonry and building materials industries.
Global Hollow Concrete Block Market Report Scope:
- Historical Data: - 2020 - 2021
- Base Year for Estimation: - 2022
- Forecast period: - 2023-2030
- Report Coverage: - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: - Product Type, Application, Region
- Regional Scope: - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope: - Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Poduct Typeofferings of key players. The detailed segments and sub-segment of the market are explained below.
By Product Type:
By Application:
- Residential
- Commercial
- Industrial
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
- 1.2.1. Hollow Concrete Block Market, by Region, 2020-2030 (USD Billion)
- 1.2.2. Hollow Concrete Block Market, by Product Type, 2020-2030 (USD Billion)
- 1.2.3. Hollow Concrete Block Market, by Application, 2020-2030 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Hollow Concrete Block Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Industry Evolution
- 2.2.2. Scope of the Study
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Hollow Concrete Block Market Dynamics
- 3.1. Hollow Concrete Block Market Impact Analysis (2020-2030)
- 3.1.1. Market Drivers
- 3.1.1.1. Increasing demand from construction activities
- 3.1.1.2. Growing awareness among consumers for lightweight materials
- 3.1.2. Market Challenges
- 3.1.2.1. Fluctuating Cost of Raw Material
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising research and development initiatives to encourage product innovation
- 3.1.3.2. Rising government focus on energy-efficient construction practices
Chapter 4. Global Hollow Concrete Block Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Porter's 5 Force Impact Analysis
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.3.5. Environmental
- 4.3.6. Legal
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. COVID-19 Impact Analysis
- 4.7. Disruptive Trends
- 4.8. Industry Expert Perspective
- 4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Hollow Concrete Block Market, by Product Type
- 5.1. Market Snapshot
- 5.2. Global Hollow Concrete Block Market by Product Type, Performance - Potential Analysis
- 5.3. Global Hollow Concrete Block Market Estimates & Forecasts by Product Type 2020-2030 (USD Billion)
- 5.4. Hollow Concrete Block Market, Sub Segment Analysis
- 5.4.1. Split-faced
- 5.4.2. Smooth-faced
Chapter 6. Global Hollow Concrete Block Market, by Application
- 6.1. Market Snapshot
- 6.2. Global Hollow Concrete Block Market by Application, Performance - Potential Analysis
- 6.3. Global Hollow Concrete Block Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
- 6.4. Hollow Concrete Block Market, Sub Segment Analysis
- 6.4.1. Residential
- 6.4.2. Commercial
- 6.4.3. Industrial
- 6.4.4. Others
Chapter 7. Global Hollow Concrete Block Market, Regional Analysis
- 7.1. Top Leading Countries
- 7.2. Top Emerging Countries
- 7.3. Hollow Concrete Block Market, Regional Market Snapshot
- 7.4. North America Hollow Concrete Block Market
- 7.4.1. U.S. Hollow Concrete Block Market
- 7.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
- 7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
- 7.4.2. Canada Hollow Concrete Block Market
- 7.5. Europe Hollow Concrete Block Market Snapshot
- 7.5.1. U.K. Hollow Concrete Block Market
- 7.5.2. Germany Hollow Concrete Block Market
- 7.5.3. France Hollow Concrete Block Market
- 7.5.4. Spain Hollow Concrete Block Market
- 7.5.5. Italy Hollow Concrete Block Market
- 7.5.6. Rest of Europe Hollow Concrete Block Market
- 7.6. Asia-Pacific Hollow Concrete Block Market Snapshot
- 7.6.1. China Hollow Concrete Block Market
- 7.6.2. India Hollow Concrete Block Market
- 7.6.3. Japan Hollow Concrete Block Market
- 7.6.4. Australia Hollow Concrete Block Market
- 7.6.5. South Korea Hollow Concrete Block Market
- 7.6.6. Rest of Asia Pacific Hollow Concrete Block Market
- 7.7. Latin America Hollow Concrete Block Market Snapshot
- 7.7.1. Brazil Hollow Concrete Block Market
- 7.7.2. Mexico Hollow Concrete Block Market
- 7.8. Middle East & Africa Hollow Concrete Block Market
- 7.8.1. Saudi Arabia Hollow Concrete Block Market
- 7.8.2. South Africa Hollow Concrete Block Market
- 7.8.3. Rest of Middle East & Africa Hollow Concrete Block Market
Chapter 8. Competitive Intelligence
- 8.1. Key Company SWOT Analysis
- 8.1.1. Company 1
- 8.1.2. Company 2
- 8.1.3. Company 3
- 8.2. Top Market Strategies
- 8.3. Company Profiles
- 8.3.1. Acme Brick Company
- 8.3.1.1. Key Information
- 8.3.1.2. Overview
- 8.3.1.3. Financial (Subject to Data Availability)
- 8.3.1.4. Product Summary
- 8.3.1.5. Recent Developments
- 8.3.2. Alweher co.
- 8.3.3. Bharathi Cement Corporation Private Limited
- 8.3.4. Brampton Brick
- 8.3.5. CEMEX SAB de CV building material company
- 8.3.6. CRH plc
- 8.3.7. Magicrete Building Solutions Pvt. Ltd
- 8.3.8. MIDLAND BRICK
- 8.3.9. Parker Block (Ernest Maier)
- 8.3.10. Taylor Concrete Products Inc.
Chapter 9. Research Process
- 9.1. Research Process
- 9.1.1. Data Mining
- 9.1.2. Analysis
- 9.1.3. Market Estimation
- 9.1.4. Validation
- 9.1.5. Publishing
- 9.2. Research Attributes
- 9.3. Research Assumption
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