Brick Market Size
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Study Period
-
Base Year For Estimation
CAGR ( - )
>
3.00 %
Fastest Growing Market
Asia Pacific
Largest Market
Asia-Pacific
Market Concentration
Low
Major Players
*Disclaimer: Major Players sorted in no particular order
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Brick Market Analysis
The Brick Market is expected to register a CAGR of greater than 3% during the forecast period.
COVID-19 negatively impacted the market in and . All the construction work and other activities were put on hold to curb the spreading of the virus, thereby negatively affecting the market. However, the market is projected to grow steadily in the coming years, owing to increased building and construction activities.
- Over the short term, the primary factor driving the brick market's growth is the building segment's high demand.
- On the flip side, increasing trends of prefabricated construction components are expected to restrain the market's growth.
- Furthermore, the development of new materials for bricks and increasing trends of customized bricks are likely to act as an opportunity for the market over the forecast period.
- Asia-Pacific is expected to remain the largest market due to the region's large-scale production and consumption of brick products.
Brick Market Trends
Growing Demand from the Building Segment
- The global brick market is driven by rising urbanization, growing demand for residential and non-residential buildings, and construction activities to improve and develop the existing infrastructure.
- Brick is among the primary building materials used to construct all residential, commercial, and industrial buildings. Hence, growth trends in the construction industry and renovation of facilities worldwide favor the demand for bricks.
- The IEA estimates that the global building construction sector will be valued at more than USD 6.3 trillion in , registering an increase of around 5% compared to .
- Furthermore, According to the Institution of Civil Engineers, China, India, and the United States are expected to account for almost 60 percent of all global growth in the sector by .
- As per U.S. International Trade Administration, China is the world's largest construction market and is forecasted to grow at an annual average of 8.6% between and .
- The United States was among the top construction markets globally, and per the United States Census Bureau, in , the construction put in place in in the United States was valued at USD 1.589 trillion, accounting for around 4.3% of the total GDP of the country.
- In European Region, as per the European Commission, By , Europe's Renovation Wave aims at least to double the annual energy renovation rate of buildings and focus on a goal of renovating more than 35 million buildings, i.e., 13% of the total establishments in the region.
- Thus, the factors above are expected to drive the building segment of the brick market during the forecast period.
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Asia-Pacific to Dominate Brick Market Studied
- Globally, Asia-Pacific holds a prominent share of the brick market, and it is expected to dominate the market studied, during the forecast period.
- Asia-pacific has seen rapid urbanization in the last few years, as developing countries, like China, India, Japan, and Indonesia, from the region are becoming a global hub for the construction industry across the world.
- Asia-Pacific dominates the construction industry, of which buildings are the major segments across the world, contributing about 46% of the global spending in the construction sector.
- China is in the midst of a construction mega-boom. The country has the largest building market in the world, making up 20% of all construction investments globally. The country alone is expected to spend nearly USD 13 trillion on buildings by .
- As per Invest India and IBEF, the construction Industry in India is expected to become the 3rd largest construction market globally and to reach USD 1.4 trillion by . Moreover, Real Estate Industry in India is expected to reach USD 1 trillion by and will contrib to around of% to India's GDP.
- According to the Ministry of Finance of Japan, the construction industry in Japan generated sales of approximately JPY 136.7 trillion (~USD 1.22 trillion) in the fiscal year registering an increase of 2.1 % as compared to the FY .
- In Indonesia, as per Statistics Indonesia (BPS) in the year , the GDP of the construction sector in Indonesia was IDR 1,771.73 trillion (~USD 0.177 trillion). Furthermore, as per the World cement, the Indonesian construction market is expected to record a growth of 7.2% in real terms in .
- Thus, the growing trends in the construction industries in the different countries of the Asia-Pacific region are expected to drive the market studied in the region, during the forecast period.
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Brick Industry Overview
The brick market is fragmented. Some of the players in the market include (not in any particular order) Acme Brick Company, Brickworks, Triangle Brick Co., Brampton Brick, and GENERAL SHALE, INC.
Brick Market Leaders
Acme Brick Company
Brickworks
Triangle Brick Co.
Brampton Brick
GENERAL SHALE, INC.
*Disclaimer: Major Players sorted in no particular order
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Brick Market News
- In December , Siam Cement BigBloc Construction Technologies ( a 52:48 joint venture of BigBloc Construction Limited and SCG INTERNATIONAL INDIA PVT LTD) successfully acquired land in Gujarat, India, for setting up a factory to produce AAC Blocks and Panels with an annual production capacity of 300,000 cubic meters which is expected to commence by the year .
- In October , Wienerberger completed the acquisition of Meridian Brick in the North American region by acquiring the business in the United States and Canada. Meridian Brick produces more than 1.1 billion bricks annually and is a leading brick supplier in Texas, the southeastern USA, Ontario, and Canada.
Brick Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand from the Building Segment
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Increasing Trends of Prefabricated Construction Components
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size by Value)
5.1 Brick Type
5.1.1 Clay
5.1.2 Sand Lime
5.1.3 Fly-ash Clay
5.1.4 Other Brick Types
5.2 Application
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5.2.1 Buildings
5.2.2 Path
5.2.3 Parterre
5.2.4 Other Applications
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Acme Brick Company
6.4.2 Bigbloc Construction Ltd.
6.4.3 Bowerston Shale
6.4.4 Brampton Brick
6.4.5 Brickworks
6.4.6 Columbus Brick
6.4.7 GENERAL SHALE, INC.
6.4.8 Jindal Mechno Bricks
6.4.9 Lignacite Ltd
6.4.10 Oldcastle APG
6.4.11 Palmetto Brick Company
6.4.12 Supreme Concrete
6.4.13 Triangle Brick Co.
6.4.14 Xella International
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Development of New Materials for Bricks
7.2 Increasing Trends of Customized Bricks
**Subject to Availability
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Brick Industry Segmentation
Brick is a type of block used for building walls, pavements and other elements in masonry and building construction. The brick market is segmented by brick type, Application, and geography. By Brick Type, the market is segmented into Clay, Sand Lime, Fly-ash Clay, and Other Brick Types. , The market is segmented by Applications: Buildings, paths, Parterre, and Other Applications. The report also covers the market size and forecasts for the brick market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on revenue (USD million).
Brick Type Clay Sand Lime Fly-ash Clay Other Brick Types Application Buildings Path Parterre Other Applications Geography Asia-Pacific China India Japan South Korea Rest of Asia-Pacific North America United States Canada Mexico Europe Germany United Kingdom France Italy Rest of Europe South America Brazil Argentina Rest of South America Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
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Brick Market Research FAQs
What is the current Brick Market size?
The Brick Market is projected to register a CAGR of greater than 3% during the forecast period (-)
Who are the key players in Brick Market?
Acme Brick Company, Brickworks, Triangle Brick Co., Brampton Brick and GENERAL SHALE, INC. are the major companies operating in the Brick Market.
Which is the fastest growing region in Brick Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (-).
Which region has the biggest share in Brick Market?
In , the Asia-Pacific accounts for the largest market share in Brick Market.
What years does this Brick Market cover?
The report covers the Brick Market historical market size for years: , , , and . The report also forecasts the Brick Market size for years: , , , , and .
What technological advancements are shaping the Brick Industry?
The technological advancements shaping the Brick Industry are a) Exploring the potential for customized and efficient brick construction b) Developing stronger, lighter, and more durable bricks c) Building Information Modeling (BIM) and Robotics-Assisted Construction
Bricks Industry Report
The global bricks market is projected to grow significantly in the coming years, as per the industry analysis by Mordor Intelligence' Industry Reports. This growth is driven by increasing construction activities, urbanization, and a focus on sustainable building practices. North America holds a significant share of the market, attributed to a mature construction sector and a strong emphasis on sustainable building practices. Meanwhile, the Asia-Pacific region is expected to experience rapid growth due to extensive infrastructure projects, increased construction activities, and supportive government initiatives. The market is segmented by brick type, size, and application. Clay bricks hold the largest market share, while the concrete segment is anticipated to grow at a remarkable rate. The standard size segment generates the most revenue, while the modular segment is expected to expand the fastest. In terms of application, the residential segment generates the most revenue, while the infrastructure segment is expected to expand the fastest. The market's growth is intricately tied to the overall expansion of the construction industry, with technological advancements in brick manufacturing and government policies promoting sustainable construction significantly influencing the demand for bricks. The bricks market analysis includes a forecast outlook, providing a comprehensive overview of the market share, size, and revenue growth rate. A sample of this industry analysis is available as a free report PDF download.
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