Global Concrete Block and Brick Manufacturing Market to Reach 2.3 Trillion Units by 2027
Amid the COVID-19 crisis, the global market for Concrete Block and Brick Manufacturing estimated at 1.9 Trillion Units in the year 2020, is projected to reach a revised size of 2.3 Trillion Units by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Concrete Blocks, one of the segments analyzed in the report, is projected to record a 2.1% CAGR and reach 1 Trillion Units by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Brick segment is readjusted to a revised 2.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at 522.6 Billion Units, While China is Forecast to Grow at 4.4% CAGR
The Concrete Block and Brick Manufacturing market in the U.S. is estimated at 522.6 Billion Units in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 448.9 Billion Units by the year 2027 trailing a CAGR of 4.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.
AAC Block Segment to Record 3% CAGR
In the global AAC Block segment, USA, Canada, Japan, China and Europe will drive the 2.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of 320.5 Billion Units in the year 2020 will reach a projected size of 382.3 Billion Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach 310.4 Billion Units by the year 2027, while Latin America will expand at a 3.9% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 187-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Acme Brick Co., Inc.
- Boral Ltd.
- CRH Americas Materials, Inc.
- General Shale Inc
- Midwest Block & Brick
- UltraTech Cement Ltd.
- Wienerberger AG
- Xella Group