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Hollow Concrete Block Market Report Examines Growth Overview And Predictions On Size Share And Trend 2019 – 2027

Hollow concrete blocks are lightweight concrete masonry units made of aerated concrete. They serve as long-lasting, practical, and economical material in the construction industry. Hollow concrete blocks possess unique properties such as high strength, exceptional fire rating, superior performance, and durability; therefore, they are used as substitutes for several conventional building materials such as concrete bricks, fly ash clay bricks, common burnt clay bricks, and sand-lime bricks. These blocks possess high acoustics and sound insulation and consume less quantity of cement. They lower the need for labor and time required to complete a construction project. Hollow concrete blocks preserve their characteristics, structural values, and efficiency throughout the lifespan of building structures. Increase in demand for lightweight solutions in modern architecture is expected to propel the global hollow concrete block market during the forecast period.

Global Hollow Concrete Block Market: Overview

Rise in popularity of hollow concrete blocks can be primarily ascribed to their performance characteristics. These blocks retain the aesthetic appearance of building structures, since they can be manufactured in uniform sizes and shapes. Hollow concrete blocks feature ideal bonding between mortar and the surface. Hollow concrete blocks provide effective thermal insulation due to the presence of air spaces.

According to the United Nations, the global population is anticipated to surpass 9 billion by 2050. Rise in infrastructural necessities owing to the expanding global population is estimated to boost the demand for hollow concrete blocks during the forecast period. Exceptional strength of these blocks provides high resistance against adverse environmental conditions. For instance, hollow concrete blocks exhibit superior performance during natural calamities including tornado, hurricane, and earthquake. In terms of demand, the hollow concrete block market is estimated to expand significantly in earthquake-prone regions during the forecast period.

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Based on application, the global hollow concrete block market can be divided into residential construction, commercial construction, and non-residential construction. High strength of hollow concrete blocks is projected to boost their demand in commercial construction and residential construction segments during the forecast period.

Global Hollow Concrete Block Market: Regional Outlook

In terms of region, the global hollow concrete block market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to hold major share of the global hollow concrete block market by 2027. Expansion in the residential construction sector in Asia Pacific is likely to drive the hollow concrete block market in the region in the near future. For instance, several initiatives by the Government of India to develop smart cities are expected to provide significant growth aspects for the hollow concrete block market by 2027.

Upcoming mega projects such as Expo 2020 and FIFA World Cup 2022 are anticipated to be major growth indicators for the construction industry in Middle East & Africa in the near future. GCC’s vision to revive regional tourism and infrastructure sectors is likely to boost the overall market in the near future.

Global Hollow Concrete Block Market: Key Players

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Key players operating in the global hollow concrete block market include CEMEX S.A.B. de C.V., Acme Brick Company, CRH plc, UltraTech Cement Ltd., and Xella Group. Industry participants are likely to observe strong competition from alternatives for hollow concrete block such as concrete bricks and clay bricks. Nevertheless, wider acceptance of lightweight materials in modern construction projects is projected to augment the demand for hollow concrete blocks in the near future.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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