Brazil Hollow Concrete Blocks Market Size & Outlook
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- Hollow Concrete Blocks Market Outlook
- Construction Materials
Brazil Hollow Concrete Blocks Market, 2018-2030 (US$B)
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Brazil hollow concrete blocks market highlights
- The Brazil hollow concrete blocks market generated a revenue of USD 1.7 billion in 2022 and is expected to reach USD 2.4 billion by 2030.
- The Brazil market is expected to grow at a CAGR of 4.4% 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.
Hollow concrete blocks market data book summary
| Market revenue in 2022 | USD 1.7 billion |
| Market revenue in 2030 | USD 2.4 billion |
| Growth rate | 4.4% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Brazil accounted for 0.7% of the global hollow concrete blocks market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.7 billion by 2030.
Rising residential construction projects due to increasing demand from the bolstering population coupled with the government initiatives to promote infrastructural activities to enhance the country’s economic condition are expected to increase the demand for hollow concrete blocks in the region.
The construction sector in Brazil has been witnessing an ongoing recovery from the economic recession in 2016. The industry is expected to witness slow growth in the construction sector over the forecast period.
However, the government’s initiatives to revitalize the economy through programs such as the ‘low-income housing program’ and ‘National Education Plan’ are expected to support the construction sector’s growth over the forecast period.
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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 |
Brazil 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 64.71% in 2022.
Horizon Databook has segmented the Brazil hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Rising residential construction projects due to increasing demand from the bolstering population coupled with the government initiatives to promote infrastructural activities to enhance the country’s economic condition are expected to increase the demand for hollow concrete blocks in the region.
The construction sector in Brazil has been witnessing an ongoing recovery from the economic recession in 2016. The industry is expected to witness slow growth in the construction sector over the forecast period.
However, the government’s initiatives to revitalize the economy through programs such as the ‘low-income housing program’ and ‘National Education Plan’ are expected to support the construction sector’s growth over the forecast period.
- Brazil Hollow Concrete Blocks Market Product Outlook (Revenue, USD Billion , 2018-2030)
- Split-faced
- Smooth-faced
- Brazil 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 country-level data and insights on the Brazil Hollow Concrete Blocks Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Brazil Hollow Concrete Blocks Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Brazil Hollow Concrete Blocks Market, 2018-2030 (US$B)
Brazil hollow concrete blocks market outlook statistics, by product, 2018-2030 (USD Billion)
