Concrete Pipes and Blocks Market Outlook
The Global concrete pipes and blocks market size was valued at USD 16,003.1 Million in 2020 and is projected to reach USD 28,645.5 Million by 2028, expanding at a CAGR of 7.6% during the forecast period, 2021-2028. Concrete pipes and blocks are available in multiple shapes and sizes and are made from cement, according to their need and use.
Concrete pipes and blocks are used for construction work, as they are durable and strong. They are used in commercial, residential, and infrastructure construction. Concrete pipes and blocks are used in a variety of constructions that include flooring, roadside fencing, and security barriers to control the movement of traffic.
Concrete pipes and blocks are used by event management companies to make special and attractive entrance and exit areas. Companies offer a variety of concrete blocks and pipes that can be structured according to multiple shapes and sizes.
The demand for concrete pipes and blocks is rising in the construction industry and is ideal for traditional bricks. The demand for concrete pipes and blocks is high globally, especially in the US, owing to growing industrialization and construction activities in the country.
Concrete Pipes and Blocks Market Dynamics
Improving Lifestyle and advancement in Technology
Improvements in lifestyle and technology have created a positive impact socially. People are focusing on quality rather than quantity and are aware of the innovations. The Rise in new construction techniques such as self-healing concrete and ultra-high performance concrete (UHPC), has attracted people, forcing them to upgrade their way of living.
Self-healing concrete is healing cracks by itself. Such technological innovations and improving the lifestyle of the population in various regions such as Asia Pacific, North America, Middle East & Africa, and Europe are anticipated to drive the market.
Expansion of the global construction sector
Infrastructure is an essential driver for the economic growth of many regions. Roads, electricity, public utilities, water systems, railways, airports, and telecommunications are an important part of economic development. Rising urbanization in emerging nations is expected to boost the various infrastructure sectors such as power and transport.
Increasing trends in infrastructural development, growing IT and manufacturing industries, and rising quality of construction works, which are boosting the demand for raw materials such as cement, concrete block, and pipes are fueling the market.
For instance, Oxford Economics estimates that the global construction industry was valued at USD 10.7 trillion in 2020 and USD 5.7 trillion of this output was in emerging markets.
Rising demand for strong, quick to install, and durable materials
Increasing demand for strong, quick installation and durable materials is anticipated to drive the market. Concrete pipes do not change or lose their shape akin to other pipes, as they are strong.
According to the House of Commons Select Committee on Environment, Transport and Regional Affairs, concrete pipes are not affected by damage caused by jetting, rodent attacks, fire attacks, floods, and other natural calamities.
Concrete pipes and blocks are strong, robust, and durable and hence, they do not require any special protection. Concrete pipes and blocks are used in drainage systems due to their high resistance to damage.
Increasing demand for cost-effective products
Growing demand for cost-effective products is expected to drive the market in the coming years. The construction industry requires a huge amount of capital for the construction of residences, commercial buildings, and roadways; therefore, people search for cost-effective products.
Concrete pipelines are low cost, as they can be employed without using full granular bedding, and during the installation excavated materials can be reused, thus saving costs.
Free trade is a policy in which governments force for completely no taxes or duties, tariffs on imports, and export activities. This slows down the competition of products between economies, thus reducing revenue. For example, the US government has revoked the North American Free Trade Agreement (NAFTA) that created a trilateral trade bloc in North America.
Similar to the US, many developed and developing countries are imposing restrictions on free trade, these can affect the demand and supply of raw materials including construction materials such as concrete products, thus hindering the market in the coming years.
Infrastructure spending is rising, thus fueling road construction activities. This has created huge investments in construction materials, such as concrete pipes and cement.
Increasing infrastructural development is directly proportional to road construction infrastructure, in terms of smooth transportation and seamless connectivity. However, concrete pipes and blocks are used in multiple works, which include underground constructions such as drainage and roadside barriers. This has created ample opportunities for market players.
Scope of Concrete Pipes and Blocks Market Report
The report on the Global Concrete Pipes and Blocks market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Concrete Pipes and Blocks Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Product (Concrete Pipes and Concrete Blocks), Application (Infectious Disease (HPV Concrete Pipes Concrete Building, Sewage, Road Construction, and Others)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
Supreme Concrete, APCO blocks, NORTHWEST PIPE COMPANY, CEMEX S.A.B. de C.V., Hindustan Cement Pipes & Concrete Works, Forterra, Stanton Precast Ltd, T.Nagadi, Tracey Concrete, Foley Products, Rinker Materials
Concrete Pipes and Blocks Market Segmental Outlook
The Global Concrete Pipes and Blocks market is segmented on the basis of Product, Application, and regions.
Product Type Segment Analysis
Based on Product Types, the concrete pipes and blocks market is segmented into concrete pipes and concrete blocks. The concrete block segment is sub-segmented into concrete corner blocks, concrete stretcher blocks, concrete pillar blocks, jamb concrete blocks, and partition concrete blocks.
The concrete pipe segment is further bifurcated into prestressed concrete-lined cylinder pipes and prestressed concrete-lined non-cylinder pipes. An increase in the global population is fueling construction activities.
Multiple natural and manmade incidences such as floods, seismic activities (earthquakes), and fires break or weaken the infrastructures, which leads to repair and rebuilding work, which in turn, is estimated to drive the market.
Additionally, the rising demand for hollow concrete blocks, as it is durable, strong, and eco-friendly; therefore, their demand and usage are high, thus propelling the market.
The concrete pipes segment is projected to grow at a significant pace during the forecast period, as these pipes are sustainable and non-flammable in nature; therefore, it protects the construction and increases its lifespan. Concrete pipes are used commonly in commercial and residential establishments.
Application Segment Analysis
In terms of applications, the concrete pipes and blocks market is segmented into the concrete building, sewage, road construction, and others. The others segment is bifurcated into cable management and irrigation work.
The concrete building segment is projected to grow at a significant pace during the forecast period, as these blocks and pipes are utilized to make the infrastructure resistant to natural calamities such as earthquakes and tornados.
These concrete buildings are being customized to make them look attractive while being of superior quality. The sewage segment is expected to hold a significant share of the market to maintain the flow of drainage water to avoid blockage.
Concrete pipes are used in sewage systems, as they are resistant to rust. The road construction segment is expected to hold a significant share of the market. An increase in infrastructural development fuels road construction activities for improved connectivity and smooth transportation. Additionally, governments have circulated initiatives stating road infrastructural development, which is estimated to drive the segment.
For instance, the Government of Australia has invested USD 110 billion in designing a 10-year rolling infrastructure pipeline to support employment, drive economic growth, and help boost the economy post-COVID-19 pandemic.
Based on regions, the global concrete pipes and blocks are segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held a significant market share in 2020.
The US is projected to hold a large share of the global concrete pipes and blocks market during the forecast period, due to rising industrialization and urbanization in the region. Growing infrastructure and construction activities are responsible for the high adoption of concrete pipes and blocks in the country.
Increasing demand for advanced concrete pipes and blocks by multiple manufacturing units across the region led governments to implement various rules & regulations on the use of concrete pipes and blocks, which is expected to propel the market in the coming years.
The concrete pipes and blocks market in Europe registered high growth, due to development in the infrastructural sector in the region. The government in Europe is heavily investing in construction industries and buildings.
Growing demand and need for the structural maintenance of federal trunk road infrastructure, owing to growing strains and stresses, are estimated to drive the market. Rising end-user preference for eco-friendly concrete pipes and blocks to reduce health hazards for industrial employees is expected to create lucrative opportunities in the concrete pipes and blocks market in the future.
Germany is one of the foremost concrete pipes and block manufacturing countries in Europe. The market in France and Italy is anticipated to grow during the forecast period, as concrete pipes and blocks are extensively used, due to increasing industrialization and urbanization.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Concrete Pipes and Blocks Market
- Historical, Current, and Projected Market Size in terms of Value and Volume
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Concrete Pipes and Blocks Market Performance
- Concrete Pipes
- Concrete Blocks
- Concrete Building
- Road Construction
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- NORTHWEST PIPE COMPANY
- Supreme Concrete
- APCO blocks
- CEMEX S.A.B. de C.V.
- Hindustan Cement Pipes & Concrete Works
- Stanton Precast Ltd
- Tracey Concrete
- Foley Products
- Rinker Materials
Key players operating in the market are Supreme Concrete, APCO blocks, NORTHWEST PIPE COMPANY, CEMEX S.A.B. de C.V., Hindustan Cement Pipes & Concrete Works, Forterra, Stanton Precast Ltd, T.Nagadi, Tracey Concrete, Foley Products, Rinker Materials.
These companies are considered key manufacturers of Concrete Pipes and Blocks based on their revenue, research development (R&D) activities, product offerings, regional presence, and supply chain management system.
The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the Concrete Pipes and Blocks market.