The COVID-19 pandemic has had a major impact on the house-building sector, while disrupting the business for developers and building product manufacturers. This has led to negative ramifications in the concrete block and brick manufacturing market, where manufacturers are now taking strategic decisions to offset the losses made in 2020. The reopening of construction sites has led to investing time and money in robust health & safety procedures and maintaining healthy surplus stock levels in the upcoming months of 2021.
Companies in the concrete block and brick manufacturing market have adopted measures to stay resilient and agile in order to maintain business continuity for mission-critical projects. They are boosting their production capacities to accommodate the potential spike in demand post the coronavirus pandemic.
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High Cost of Building Homes with Concrete Blocks Slows Down Market Growth
Concrete block homes are an efficient way to create low maintenance homes in high moisture locations. However, the cost of building homes with concrete blocks is a cost intensive procedure. Manufacturers in the concrete block and brick manufacturing market are offsetting this disadvantage with the advantage of reduction in termites and rodents coming through walls, owing to the use of other building materials such as wood.
The ever-expanding construction industry is growing at the rate of several trillions of dollars worldwide. Real estate enthusiasts make huge investments in apartments to ensure they can resist strong winds and range to the extent of resisting earthquake damage. Hence, manufacturers in the concrete block and brick manufacturing market are boosting their production capabilities in concrete blocks.
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Patented, Sustainable Brick Manufacturing Technologies Create Business Opportunities for Startups
Apart from real estate tycoons, now startups are sharing the business in developing homes that stay cool during summers and warm in winters. A team of engineers from Assam, India, is gaining recognition for introducing its patented plastic embedded lightweight brick using fly ash derived from thermal power plants, waste plastic, and cement. Companies in the concrete block and brick manufacturing market should take cues from such innovators and collaborate with researchers to manufacture bricks using electric machines to lower carbon emissions in the environment.
Bricks made from fly ash derived from thermal power plants, waste plastic, and cement are relatively lightweight than conventional bricks.
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