Hollow Concrete Blocks Market Analysis

Hollow Concrete Blocks Market Analysis

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Based on type, the hollow concrete blocks market is segmented as split faced, smooth faced. Fresh sources held a majority market value of USD 148.8 billion in 2022. Split faced concrete blocks are used in various construction applications, including walls, partitions, and load-bearing structures in residential and commercial buildings. The lightweight nature of these blocks simplifies handling, transportation, and installation.
 

Based on end-use, the hollow concrete blocks market is segmented as construction, real estate, infrastructure, manufacturing, others. Construction held a dominant market share of around 32% in 2022 and is expected to grow at a lucrative pace through 2032. Hollow concrete blocks are popular in affordable housing projects due to their cost-effectiveness and ease of construction. Hollow concrete blocks are used in the construction of commercial office buildings for walls, partitions, and exterior facades.
 

U.S. dominated the North American region with majority market share and a revenue of USD 51.3 billion in 2022 and is anticipated to expand at a significant pace from 2023-2032. The expansion of commercial spaces, office buildings, retail centers, and industrial facilities requires hollow concrete blocks for both structural and non-structural applications.