Hollow Concrete Block Market SWOT Analysis, Worldwide Overview, Major Segments and Regional Trends with Competitive Landscape By 2023
Global Hollow Concrete Block Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
pune, India – August 26, 2019 /MarketersMedia/ —
Global Hollow Concrete Block Market Overview
Market Research Future (MRFR) recently launched an analysis on the global hollow concrete block market. The hollow concrete block market is expected to witness high growth during the forecast period. Such high growth can be accredited to the increase in the investments in the construction industry, coupled with upscaling emergence of urbanization across the globe. Also, increasing consumer preference for green buildings has promoted augmented growth of the global hollow concrete block market over the forecast period.
Moreover, advancements in raw materials such as recycled aggregates and manufactured sand has contributed to the ascension of the global hollow concrete block market. A rise in the research and development by significant manufacturers, in terms of innovative designs and efficient services has fuelled market growth for hollow concrete block during the forecast period. Such concretes are easy to install, durable, and are preferred highly by consumers in the construction industry across the world. However, the global hollow concrete block market is expected to witness hindrance in ascension due to the fluctuations noted in the costs of raw materials during the assessment period.
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Key Players
Some of the proficient players in the global hollow concrete block market, as mentioned in the MRFR analysis, include Taylor Concrete (US), CRH plc (Ireland), Brampton brick (US), CEMEX S.A.B. de C.V. (Mexico), McNear Brick & Block (US), Midland Concrete Products, Inc. (US), and Columbia Block & Brick (US).
Industry Update
October 2018: The Bangladesh cabinet approved the Brick Manufacturing and Brick Kiln Establishment Control Amendment Bill 2018. This bill incorporated concrete blocks and hollow blocks as bricks and made it mandatory to obtain a license for the production of bricks.
Intended Audience
• Raw Material Suppliers
• End Users
• Traders and Distributors
• Regulatory Bodies
Market Segmentation
The global hollow concrete block market is studied for various segments based on product type, application, and region. Based on product type, the global hollow concrete block market is segmented into smooth-faced concrete blocks and split-faced concrete blocks. The split-faced concrete blocks segment is expected to be the dominant segment in the global hollow concrete block market over the forecast period. This can be attributed to the fine-textured finish and higher dimensional stability of the block, along with its cost-effectiveness.
Based on application, the global hollow concrete block market is segmented into residential, commercial, and industrial segments. At the beginning of the forecast period, the commercial segment held the dominant share of the global hollow concrete block market. It is also expected to retain its dominion over the market by the end of the assessment period. This can be accredited to the penetration of urbanization and commercialization across emerging economies such as India, China, and Brazil. This, in turn, is leading to higher demand for commercial buildings. The segment is also estimated to showcase the fastest growth rate during the forecast period.
Detailed Regional Analysis
The global hollow concrete block market is segmented on the basis of region into North America, Europe, Asia Pacific, and the Rest of the World. Asia Pacific held the largest share of the global hollow concrete block market, garnering 45% of the total share, at the beginning of the forecast period. The regional market is also expected to showcase the highest CAGR during the forecast period. Refurbishing and renovation of old buildings has increased investments in the building and construction industry prevalent in the region. This has contributed to the ascension of the demand for hollow concrete blocks in the region. Further, rising investments in the infrastructural construction projects in the private and public sectors in developing countries such as India and China has proliferated the growth noted by the Asia Pacific’s hollow concrete block market.
North America is anticipated to follow Asia Pacific and hold the second-largest share of the global hollow concrete block market over the forecast period. A major presence of many significant players in the US has led to a notable growth observed by the region’s hollow concrete block market.
Scope of the Report
This study provides an overview of the global hollow concrete block market, tracking two market segments across four geographic regions. The report studies key players and provides a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world (RoW). The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global Hollow Concrete Block Market by product, application, and region.
Browse Complete Report “Hollow Concrete Block Market Research Report – Global Forecast till 2024” @ https://www.marketresearchfuture.com/reports/hollow-concrete-block-market-7850 .
List of Tables
Table 1 Global Hollow Concrete Block Market, by Region, 2019–2024
Table 2 North America: Hollow Concrete Block Market, by Country, 2019–2024
Table 3 Europe: Hollow Concrete Block Market, by Country, 2019–2024
Table 4 Asia-pacific: Hollow Concrete Block Market, by Country, 2019–2024
Table 5 Row: Hollow Concrete Block Market, by Country, 2019–2024
Table 6 Global Hollow Concrete Block Market, by Product Type, by Region, 2019–2024
Table 7 North America: Hollow Concrete Block Market, by Product Type, by Country, 2019–2024
Table 8 Europe: Hollow Concrete Block Market, by Product Type, by Country, 2019–2024
Table 9 Asia-pacific: Hollow Concrete Block Market by Product Type, by Country, 2019–2024
Table 10 Row: Hollow Concrete Block Market by Product Type, by Country, 2019–2024
Continued…….
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down and Bottom-up Approach
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Hollow Concrete Block Market Share, by Product Type, 2018 (%)
Figure 9 Global Hollow Concrete Block Market, by Product Type, 2019–2024 (Usd Million)
Figure 10 Global Hollow Concrete Block Market Share, by Application, 2018 (%)
Continued……
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Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Address: Market Research Future, Office No. 524/528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune -411028, Maharashtra, India
Phone: 6468459312
Website: https://www.marketresearchfuture.com/reports/hollow-concrete-block-market-7850
Source: MarketersMedia
Release ID: 88912294
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