Asia Pacific Hollow Concrete Blocks Market Size & Outlook
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- Hollow Concrete Blocks Market Outlook
- Construction Materials
Asia Pacific Hollow Concrete Blocks Market, 2018-2030 (US$B)
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Asia Pacific hollow concrete blocks market highlights
- The Asia Pacific hollow concrete blocks market generated a revenue of USD 144.6 billion in 2022.
- The market is expected to grow at a CAGR of 6.3% from 2023 to 2030.
- In terms of segment, split-faced was the largest revenue generating product in 2022.
- Split-faced is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 144.6 billion |
| Market revenue in 2030 | USD 236.5 billion |
| Growth rate | 6.3% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Split-faced, Smooth-faced |
| Key market players worldwide | Berkshire Hathaway Inc Class A, Cemex SAB de CV ADR, CRH PLC, BGC Group Inc Ordinary Shares Class A, Taylor Devices Inc, UltraTech Cement Ltd DR |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 58.5% of the global hollow concrete blocks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9.1 billion by 2030.
Increasing population, developing economies, and rising foreign investment in the developing economies of India, Bangladesh, Indonesia, and Vietnam is expected to spur the growth of construction industry in the region. in turn is expected to positively influence the demand for hollow concrete blocks in the near future.
The Asia Pacific market is characterized by the easy availability of concrete raw material and skilled labor at a low cost which results in lower transportation and manufacturing cost. In addition, the shift in the global production landscape has favored emerging economies, particularly China and India, which is likely to influence market growth over the forecast period.
Construction is the major service sector in APAC owing to the high construction need of the developing economies in the region. The growth of the construction industry in the Asia Pacific is attributed to the rising needs of a growing population.
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Publish Date: Jun 27, 2024
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Hollow Concrete Blocks Market Scope
Hollow Concrete Blocks Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CRH PLC | View profile | 78,500 | Stonemason’s Way, Rathfarnham, Dublin, Ireland, D16 KH51 | www.crh.com |
| Cemex SAB de CV ADR | View profile | 46,497 | Avenida Ricardo Margain Zozaya No.325, Colonia Valle del Campestre, San Pedro Garza Garcia, NL, Mexico, 66265 | www.cemex.com |
| UltraTech Cement Ltd DR | View profile | 22,916 | Mahakali Caves Road, B Wing, Ahura Centre, 2nd Floor, Andheri (East), Mumbai, MH, India, 400 093 | www.ultratechcement.com |
| Berkshire Hathaway Inc Class A | View profile | 396,500 | 3555 Farnam Street, Omaha, NE, United States, 68131 | www.berkshirehathaway.com |
| BGC Group Inc Ordinary Shares Class A | View profile | 3,895 | 499 Park Avenue, New York, NY, United States, 10022 | www.bgcg.com |
| Taylor Devices Inc | View profile | 125 | 90 Taylor Drive, P.O. Box 748, North Tonawanda, North Tonawanda, NY, United States, 14120 | www.taylordevices.com |
Asia Pacific Hollow Concrete Blocks Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Hollow Concrete Blocks Market Outlook will help companies and investors design strategic landscapes.
Split-Faced was the largest segment with a revenue share of 63.07% in 2022.
Horizon Databook has segmented the Asia Pacific hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing population, developing economies, and rising foreign investment in the developing economies of India, Bangladesh, Indonesia, and Vietnam is expected to spur the growth of construction industry in the region. in turn is expected to positively influence the demand for hollow concrete blocks in the near future.
The Asia Pacific market is characterized by the easy availability of concrete raw material and skilled labor at a low cost which results in lower transportation and manufacturing cost. In addition, the shift in the global production landscape has favored emerging economies, particularly China and India, which is likely to influence market growth over the forecast period.
Construction is the major service sector in APAC owing to the high construction need of the developing economies in the region. The growth of the construction industry in the Asia Pacific is attributed to the rising needs of a growing population.
- Asia Pacific Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- Asia Pacific Hollow Concrete Blocks Market Application Outlook (Revenue, USD Billion , 2018-2030)
- Residential
- Non-residential
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Hollow Concrete Blocks Market, 2018-2030 (US$B)
Asia Pacific hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
