Hollow Concrete Blocks Market Size, Trends, Report 2023-2032
The global hollow concrete blocks market was surpassed at USD 247.18 billion in 2022 and is expected to hit around USD 413.1 billion by 2032, growing at a CAGR of 5.27% from 2023 to 2032. The hollow concrete blocks market in the United States was accounted for USD 24.1 billion in 2022.
Key Pointers
Report Scope of the Hollow Concrete Blocks Market
| Report Coverage | Details |
| Revenue Share of Asia-Pacific in 2022 | 58.54% |
| Revenue Share of North America in 2022 | 19.47% |
| Revenue Forecast by 2032 | USD 413.1 billion |
| Growth Rate from 2023 to 2032 | CAGR of 5.27% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Companies Covered | Acme Brick Company; Brampton Brick Ltd.; CEMEX SAB de C.V.; CRH plc; Magicrete Building Solutions Pvt. Ltd.; BGC (Australia)PTY Ltd; Taylor Concrete Products Inc.; Tristar Brick and Block Ltd.; UltraTech Cement Ltd.; Ublok |
Hollow concrete blocks are primarily used in residential and non-residential buildings such as load-bearing structures, low-rise residential, institutional buildings, office buildings, warehouses, and shelter units for rural housing. Additionally, these blocks have a consistent finish and offer high dimensional accuracy which makes them an ideal building material for building partition walls and load-bearing structures.
A rise in technological advancements in concrete and construction activities offers feasible solutions for building rigid and durable structures. Moreover, the growing need for long-lasting building structures coupled with less maintenance of the structures is likely to upscale the demand for hollow concrete blocks over the coming period.
Key global manufacturers are focusing on producing low-cost and high-quality concrete blocks to meet rising consumer demand. However, the product pricing depends upon the type of hollow concrete block used as per the application which includes concrete stretcher blocks, lintel blocks, and partition concrete blocks. For instance, partition concrete blocks are used specifically for building partition walls, while lintel blocks are primarily used on the top of the portion of doors and windows.
The top market players are investing heavily in research and development activities to develop low-cost and high-value products. The regulatory guidelines which promote green and energy-efficient buildings are expected to drive the product demand for the market. With the increase in focus on eco-friendliness and energy efficiency, companies are investing in the development of green building products.
Split-faced was the dominant product segment owing to its rough and hand-chiseled-like surface allowing better bonding between the surface and the mortar in the residential and non-residential application segments.In addition, they are used as load-bearing walls or veneers that can blend well with other architectural block finishes, especially in non-residential or commercial applications.
The Asia Pacific is anticipated to remain a key driving region for the hollow concrete block industry owing to the increasing construction in the residential and non-residential application segments. In addition, the abundant availability of construction materials including cement and aggregates in countries including China and India is expected to lower the raw material procurement cost. This in turn reduces the overall cost of the product in the region, thereby attracting end-user to utilize hollow concrete blocks in place of other materials including clay bricks and solid concrete blocks.
The value chain for hollow concrete blocks is inclusive of raw-material suppliers, concrete block manufacturers, distributors/suppliers, and end-users. Value addition at each stage mentioned results in a price hike for the products. This includes raw material prices, handling charges, specialized transportation, supplier charges, taxes, and labor charge.
Product Insights
Split-faced hollow concrete blocks were the largest and fastest growing market segment and accounted for 63.15% of the revenue share in 2022 as these are one of the most non-residentially used architectural concrete masonry unit (CMU) finishes. They offer an authentic textured face that can be manufactured as a paint-grade product. The product appears to have been split or hand-chiseled to give it a textured look. However, practical manufacturing includes pouring the concrete slurry into a form with the texture already build into it.
Split-faced hollow concrete block are thermally efficient, fire-resistant, and sound-absorbing which makes them an ideal product in the construction of non-residential projects including municipal buildings, schools, and theaters. In addition, they are used as load-bearing walls or veneers that can blend well with other architectural block finishes, especially in non-residential or non-residential applications.
Smooth-faced concrete blocks are expected to grow at a CAGR of 4.81% over the forecast period owing to their rising demand in residential and non-residential application segments. They are fabricated under molds that result in a smooth finish on all sides of the blocks. These blocks are used in both exterior and interior applications and exhibit a fine natural finish.
The product finds wide application in internal & external load-bearing and non-load-bearing walls including outer & inner leaves for cavity walls, partition walls, party walls, and boundary walls. The blocks are suitable for an environment where durable, and robust finishing is required. Smooth-faced concrete blocks are water & frost resistant, which helps the blocks to retain their clean & fresh appearance.
Application Insights
The industry is segmented into residential and non-residential based on applications. The residential application segment holds a comparatively small share when compared to non-residential applications which accounted for 61.18% of the market. Significant investments in infrastructure and real estate development are offering lucrative market opportunities for the hollow concrete block industry.
Hollow concrete block structures are suitable for the construction of noise-cancellation walls as their surface is designed to minimize ambient noise in theaters, stadiums, and highways. In addition, the design flexibility offered by concrete makes it apt for outdoor applications involving climbing walls, skate parks, and fences. A rising focus on energy-efficient construction practices and life-cycle management is projected to benefit the demand for hollow concrete blocks growth over the forecast period.
Residential applications accounted for a revenue share of over USD 96.26 in 2022 due to the increase in demand for advanced residential structures with available common amenities including shops, parks, parking areas, and sports complexes. The design flexibility and excellent quality assurance offered by both split-faced & smooth-faced concrete blocks are projected to fuel its demand in the residential application segment.
In addition, hollow concrete block offer all the benefits of concrete while eliminating many difficulties that are associated with on-site casting including weather fluctuations, job site impacts, and extended duration of the construction period. The above-mentioned factors are expected to boost market demand over the forecast period.
Regional Insights
Asia-Pacific accounted for the largest consumer of the hollow concrete market with a revenue share of 58.54% in 2022 and is anticipated to ascend at a higher rate of 6.34% from 2023 to 2032. Strong demand from applications such as residential and non-residential segments is further likely to support the demand for different hollow concrete block such as split-faced and smooth-faced concrete blocks.
North America accounted for a revenue share of 19.47% in 2022, owing to the increased number of construction and renovation projects in the region. In addition, rising demand for housing coupled with increased government aid for residential construction in countries including the U.S., and Canada is anticipated to further benefit the demand for hollow concrete blocks in the residential application segment.
Europe is the third-largest market for hollow concrete block which accounted for USD 37.99 billion in 2022 and is anticipated to reach USD 47.08 billion by 2032. The growth in the region is attributed to the increasing private investments in various economies. The prospective recovery of the construction industry post-pandemic coupled with rising penetration of concrete blocks including split-faced & smooth-faced concrete blocks in the region is expected to drive the market growth on a positive note.
The construction sector in the Middle East & Africa is expected to observe a rebound growth over the forecast period owing to factors such as an increase in investments, expansion of oil production, and improved weather conditions. Rising public investment in the construction sector of regional economies such as Saudi Arabia, UAE, and Qatar is expected to positively influence the demand for hollow concrete blocks over the forecast period.
Hollow Concrete Blocks Market Segmentations:
By Product
By Application
By Regional
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Hollow Concrete Blocks Market
5.1. COVID-19 Landscape: Hollow Concrete Blocks Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Hollow Concrete Blocks Market, By Product
8.1. Hollow Concrete Blocks Market, by Product, 2023-2032
8.1.1. Split-faced
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Smooth-faced
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Hollow Concrete Blocks Market, By Application
9.1. Hollow Concrete Blocks Market, by Application, 2023-2032
9.1.1. Residential
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Non-residential
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Hollow Concrete Blocks Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. Acme Brick Company
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Brampton Brick Ltd.
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. CEMEX SAB de C.V.
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. CRH plc
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Magicrete Building Solutions Pvt. Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. BGC (Australia) PTY Ltd
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Taylor Concrete Products Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Tristar Brick and Block Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. UltraTech Cement Ltd.
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Ublok
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers