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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