Uploaded on Jun 21, 2024
As of FY'2019, the Indian bricks and blocks market size was approximately USD 4.5 billion, with a projected growth rate of 8% annually until FY'2024. The market is dominated by clay bricks, accounting for around 60% of the total market share, followed by fly ash bricks and concrete blocks.
The Indian Bricks and Blocks Market_ Trends and Insights
The IndianBricksand Blocks
Market: Trends and Insights
The Indian bricks and blocks market is a thriving industry, driven by the
country's
rapid urbanization, infrastructure development, and growing construction
activities.
As of FY'2019, the Indian bricks and blocks market size was
approximately USD 4.5
billion, with a projected growth rate of 8% annually until FY'2024. The
market is
dKoemyi nGatreodw btyh cFlaayc bmarket share, to
ricrkss ,i na cBcroiucnkt iInngd ufosrt r ayr oinu nd 60% of the total
Ifonldl1oiw.aeUdr bbayn fliyz aatsiho nb rickasn adn d cIonnfcrraestetr ucture Development: India's
blocksb. urgeoning urban
population and the government's focus on infrastructure projects,
such as affordable housing, commercial complexes, and
transportation networks, have fueled the demand for bricks and
blocks.
2. Shift towards Sustainable Construction: The increasing
emphasis on sustainable construction practices has led to a growing
preference for eco-friendly building materials, such as fly ash bricks
and AAC blocks, which offer superior thermal insulation and energy
efficiency.
3. Technological Advancements: The adoption of advanced
manufacturing techniques, such as Zig-Zag and Fixed Chimney Bull's
Trench Kiln (FCBTK) for clay bricks, has improved productivity and
efficiency, driving market growth.
4. Government Initiatives: The Indian government's policies and
regulations, including the promotion of green building standards and
Key Pthlae yuetilrizsa taionnd o fM flayr kaesth Sinh caornest riunc tBiorni,c hkasv e provided a favorable
TMhae rIknedniatvnir obnrmiceknst afonrd t hbel obcrkicsk sm aanrdk ebtlo icsk fsr aingdmuesntrtye.d, with the presence
oorf gbaontihz eldar pgleayers and numerous small-scale manufacturers. Some of the
kaenyd pthlaeyire rmsarket share
are:
1. Ambuja Cement: 12.5% market share
2. Ascolite: 10.2% market share
3. Big Block Construction Ltd.: 8.7% market share
4. HIL Limited: 15.3% market share (AAC blocks)
5. Siporex India Private Limited: 12.9% market share (AAC blocks)
6. Magicrete Building Solutions: 10.4% market share (AAC blocks)
Import and Export
ISncdiean ias riao net exporter of bricks and blocks, with a significant
portion of its
production catering to the domestic market. In the fiscal year 2021-
22, India
exported bricks and blocks worth approximately USD 150 million,
primarily to
neighboring countries like Bangladesh, Nepal, and Bhutan. The country's
import of
bUrpicckso amndin bglo cBkrsi,c okns t hIne douthsetrr hya nNde, iws sre latively low, accounting for less than 5% of
Tthre1 nt.odtAasdl ompatrikoent of Automation and Robotics: The industry is
size. expected to witness
increased adoption of automation and robotics in the manufacturing
process, leading to improved efficiency and quality.
2. Expansion of the AAC Blocks Segment: The AAC blocks
segment is anticipated to experience rapid growth, driven by their
superior thermal and acoustic properties, as well as their eco-friendly
nature.
3. Diversification of Product Offerings: Manufacturers are likely to
diversify their product portfolios, introducing specialized bricks and
blocks catering to specific construction requirements, such as
earthquake-resistant and fire-resistant materials.
Conclusio
Tnhe Indian bricks and blocks market is poised for robust growth,
driven by
urbanization, sustainable construction trends, and government initiatives.
To gain
in-depth insights into the market size, competitive landscape, and
emerging
opportunities, business decision-makers should refer to comprehensive
market
research reports on this
industry.
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