Home > Construction > Construction Materials > Structural Materials > Hollow Concrete Blocks Market

Hollow Concrete Blocks Market Size

Report ID: GMI6548
Published Date: Aug 2023
Report Format: PDF

Download Free Sample

Hollow Concrete Blocks Market Size

Hollow Concrete Blocks Market size was valued at around USD 260.8 billion in 2023 and is anticipated to grow at a CAGR of 5.3% between 2024 and 2032. The overall expansion of the construction industry, including residential, commercial, and infrastructure projects, drives the demand for building materials like hollow concrete blocks.

To get key market trends

Download Free Sample

Hollow concrete blocks are commonly used in affordable housing projects due to their cost-effectiveness and ease of construction. Rapid urbanization and the need for new infrastructure led to higher demand for hollow concrete blocks in construction of buildings, roads, bridges, and more.

Hollow Concrete Blocks Market Report Attributes
Report Attribute	Details
Base Year:	2023
Hollow Concrete Blocks Market Size in 2023:	USD 260.8 Billion
Forecast Period:	2024 to 2032
Forecast Period 2024 to 2032 CAGR:	5.3%
2032 Value Projection:	USD 414.8 Billion
Historical Data for:	2018 to 2022
No. of Pages:	120
Tables, Charts & Figures:	136
Segments covered:	Type, End-use
Growth Drivers:	Construction Industry Growth Urbanization and Infrastructure Development Growing population
Pitfalls & Challenges:	Raw Material Availability and Cost Environmental Impact Regulatory Compliance

Learn more about the key segments shaping this market

Download Free Sample

Fluctuations in the availability and cost of raw materials such as cement, aggregates, and additives can impact production costs and profitability. Concrete production has a significant carbon footprint due to cement production's energy-intensive nature. Adherence to environmental regulations, emissions standards, and waste disposal requirements adds complexity to manufacturing operations and can increase costs. Thus, the risks associated with Hollow concrete blocks may drive down the acceptance rate, further hampering the business growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for hollow concrete blocks recorded USD 260.8 billion in 2023 and will reach USD 414.8 billion by 2032 due to the rapid expansion of the construction industry worldwide.

Hollow concrete blocks market size from the fresh sources type segment recorded USD 148.8 billion in 2022 and will witness substantial growth by 2032 on account of benefits, such as lightweight nature.

U.S. hollow concrete blocks reached USD 51.3 billion in 2022 and is expected to garner significant CAGR from 2023-2032 owing to the rapid growth of commercial spaces, office buildings, retail centers, and industrial facilities in the region.

CRH Plc, CEMEX S.A.B. de C.V., Boral Limited, Wienerberger AG, UltraTech Cement Ltd., HeidelbergCement AG, LafargeHolcim Ltd., Anhui Conch Cement Company Limited, and Boral Limited, are some of the major hollow concrete blocks companies worldwide.