Hollow Concrete Blocks Market

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Market Dynamic

Key Drivers and Emerging Trends

Hollow concrete blocks have become popular due to their performance attributes offered by the concrete blocks such as lightweight and saves energy and transportation, uses industrial waste as a prime constituent with very good insulating properties, leading to the increasing adoption of hollow concrete in construction. The hollow concrete blocks market is experiencing wave of high demand owing to an increase in funding and investments in construction industry. With the rapid globalization and rising population, the construction sector has expanded over the period, which has contributed to the growth of the market. For instance, the construction industry in India is likely to remain buoyant in the coming years. The government’s emphasis on escalating building construction by 200%, till 2030, coupled with increasing number of acts, such as new Metro Rail Act, which can fascinate private investment in construction, which is expected to drive the global concrete blocks market.

Increasing deployment of hollow concrete block owing to the versatile nature and exceptional chemical properties is likely to forecast the hollow concrete market share. Growing demand for lightweight material in modern agriculture will further drive the market growth.

Restraint in the Hollow Concrete Blocks Market

The fluctuating prices of the raw materials for the manufacturing of hollow concrete is expected to hamper the growth of the market.

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Product Type – Segment Analysis

Based on the product type, smooth faced hollow concrete is witnessed to grow at a higher CAGR in the market over the forecast period. Smooth faced concrete has wide scope of application in commercial and construction projects. With the increasing number of constructions projects, the demand for smooth faced hollow concrete is expected to increase over the forecast period.

Application – Segment Analysis

Based on the application, commercial is expected to dominate the global hollow concrete market over the forecast period. Split and smooth faced blocks both are mostly used in the commercial sector due to the advantages offered by the product like exceptional fire rating, superior performance, durability and high strength which has majorly contributed to the growth of the concrete blocks industry.

Based on application, commercial segment is projected to dominate the market over the forecast period, owing to the growing demand for hollow concrete blocks in the construction industry to construct walls, construct footers, and foundations to support buildings and structural surfaces.

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Regional – Segment Analysis:

Based on regional coverage, Asia-Pacific is expected to dominate the market over the market over the forecast period. India is expected to be the major market owing to high capital spending in non-residential and residential. Improved GDP and growth of population are the key factors for the expansion of the construction sector in India. Increasing Foreign Direct Investments (FDI) is supposed to boost up development of industrial and commercial construction sector in India. Government initiatives to develop smart cities have further aid this growth, which is responsible for the growth of the market.

Increasing investment attributed to the infrastructural construction projects across private and public industries in emerging nations is forecast to pave the way for Asia-Pacific hollow concrete block market. For example, the Government of China intends to move nearly 250 million people to its new megacities in the coming years. Increasing demand for lightweight materials and growing initiatives towards modern architecture will augment the hollow concrete market share.

Top Market Players

Various notable players operating in the market, include, 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, among others. 

Key Developments:

• • In 2020, Parker Block (Ernest Maier) acquired Concrete Building Systems, to expand the production of precast products, such as gutter splash blocks and other concrete structures. This acquisition is likely to improve the hollow concrete block business.
  • In 2019, UltraTech Cement Ltd. and Hindalco entered into a strategic collaboration, which is anticipated to drive the growth of both the players in the hollow concrete market.

Segments covered in the Report:

The global hollow concrete Blocks market has been segmented based on grade, product type, application, and regions. Based on grade, the market is segmented into grade A and grade B. Based on product type, the market is segmented into spilt-faced and smooth faced. Based on application, the market is segmented into residential, commercial, industrial and others. 

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Key questions answered in this research report:

• • At what pace is global hollow concrete blocks market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in hollow concrete blocks market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global hollow concrete blocks market?
  • Which grade generated maximum revenues in 2019 and identify the most promising grade during the forecast period?
  • What are the various product type areas of global hollow concrete blocks market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Grade, By Product Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	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, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Hollow Concrete Blocks Market by Grade

• • Grade A
  • Grade B

Global Hollow Concrete Blocks Market by Product Type

• • Split-Faced
  • Smooth-Faced

Global Hollow Concrete Blocks Market by Application

• • Residential
  • Commercial
  • Industrial
  • Others

Global Hollow Concrete Blocks Market by Region

• • North America Hollow Concrete Blocks Market (Option 1: As a part of the free 25% customization)
    • By Grade
    • By Product Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Hollow Concrete Blocks Market (Option 2: As a part of the free 25% customization)
    • By Grade
    • By Product Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Hollow Concrete Blocks Market (Option 3: As a part of the free 25% customization)
    • By Grade
    • By Product Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Hollow Concrete Blocks Market (Option 4: As a part of the free 25% customization)
    • By Grade
    • By Product Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Hollow Concrete Blocks (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 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