Brick Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The report covers Global Bricks Industry - Largest Brick Manufacturer and is segmented by Brick Type (Clay, Sand Lime, Fly-ash Clay, and Other Brick Types), Application (Buildings, Path, Parterre, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts in terms of revenue (USD million) for all the above segments.

Brick Market Size

Brick Market Summary
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Study Period 2018 - 2028
Base Year For Estimation 2022
CAGR > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia-Pacific
Market Concentration Low

Major Players

Brick Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Brick Market Analysis

The global brick market is projected to register a CAGR of more than 3% over the forecast period.

COVID-19 negatively impacted the market in 2020 and 2021. 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

This section covers the major market trends shaping the Brick Market according to our research experts:

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 2021, registering an increase of around 5% compared to 2020.
  • 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 2025.
  • 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 2022 and 2030.
  • The United States was among the top construction markets globally, and per the United States Census Bureau, in 2021, the construction put in place in 2021 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 2030, 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.
Total spending on buildings construction and renovation, In USD trillion, Global, (2018 - 2021)

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 2030.
  • 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 2025. Moreover, Real Estate Industry in India is expected to reach USD 1 trillion by 2030 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 2021 registering an increase of 2.1 % as compared to the FY 2020.
  • In Indonesia, as per Statistics Indonesia (BPS) in the year 2021, 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 2022.
  • 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.
Brick Market - Growth Rate by Region, 2022-2027

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

  1. Acme Brick Company

  2. Brickworks

  3. Triangle Brick Co.

  4. Brampton Brick

  5. GENERAL SHALE, INC.

*Disclaimer: Major Players sorted in no particular order

Brick Market Concentration

Brick Market News

  • In December 2022, 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 2023.
  • In October 2021, 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. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from the Building Segment

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Increasing Trends of Prefabricated Construction Components

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size by Value)

    1. 5.1 Brick Type

      1. 5.1.1 Clay

      2. 5.1.2 Sand Lime

      3. 5.1.3 Fly-ash Clay

      4. 5.1.4 Other Brick Types

    2. 5.2 Application

      1. 5.2.1 Buildings

      2. 5.2.2 Path

      3. 5.2.3 Parterre

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Acme Brick Company

      2. 6.4.2 Bigbloc Construction Ltd.

      3. 6.4.3 Bowerston Shale

      4. 6.4.4 Brampton Brick

      5. 6.4.5 Brickworks

      6. 6.4.6 Columbus Brick

      7. 6.4.7 GENERAL SHALE, INC.

      8. 6.4.8 Jindal Mechno Bricks

      9. 6.4.9 Lignacite Ltd

      10. 6.4.10 Oldcastle APG

      11. 6.4.11 Palmetto Brick Company

      12. 6.4.12 Supreme Concrete

      13. 6.4.13 Triangle Brick Co.

      14. 6.4.14 Xella International

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of New Materials for Bricks

    2. 7.2 Increasing Trends of Customized Bricks

**Subject to Availability

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

The Brick Market is projected to register a CAGR of greater than 3% during the forecast period (2023-2028).

Acme Brick Company, Brickworks, Triangle Brick Co., Brampton Brick and GENERAL SHALE, INC. are the major companies operating in the Brick Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the Asia-Pacific accounts for the largest market share in the Brick Market.

Bricks Industry Report

Statistics for the 2023 Bricks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Bricks analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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