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Growing Emphasis on Green Buildings and Rising High Rise Building Projects has Driven the Demand for Bricks and Blocks Market in India: Ken Research
November 2019

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GST Slab Reduction for Construction Materials and Limited Entry Barriers in Bricks and Blocks Market has Supported the Market Growth.”

Analysts at Ken Research in their latest publication India Bricks and Blocks Market Outlook to 2024-Rising Emphasis on Green Buildings and High Rise Building Projects Elevating Demand for AAC Blocksbelieve that it is imperative for brick manufacturers to maintain the quality of bricks manufactured. Several defects may arise including: oversize in all 3 dimensions if they are under fired, oversize in width and length if bricks have been squashed while still wet, oversize in thickness which arises in the process of wire cutting or undersize in all 3 dimensions due to undersized mod or too high clay content. The defects could be overcome by achieving a homogenous mixture of the raw materials and exposing the bricks for drying and firing adequately. The AAC blocks market is anticipated to grow to INR 27.7 billion in FY’2021 with a growth rate of 9.9% during FY’2021.

Growing Emphasis on Green Buildings: AAC, owing to its thermal insulation and energy-efficient properties, along with being fire-resistant, termite- or pest-resistant, seismic-resistant and lightweight, is preferred widely for the construction of green buildings. Since AAC is made up of recyclable material, it does not have any harmful effects on the environment. Green buildings, also known as sustainable buildings or green constructions, are built with the objective to reduce the impact of built environment on nature and human health. Both in residential and non-residential constructions usage of AAC blocks as green building material has been seen over the years in India, where MNCs and Indians companies looking to build green building under the pledge of reducing pollutions. Also, with increasing awareness and advantage of AAC blocks has lead to use of AAC blocks in residential sector mainly in large residential buildings. It is estimated with growing environmental problems almost 60% of projects in the country will of AAC blocks in coming years.

GST Slab Reduction: In FY’2019, a GST rate on fly ash blocks has been revised to 5% which was previously 18% and 28%. This cut down of tax will provide major boost to the manufacturers as well as the customers in purchasing fly ash blocks which will positively impact the market of fly ash bricks and AAC blocks. Government has put efforts in revision of GST rates in housing tax for providing affordable housing, and RBI has cut down the interest rates for home loans which are positive signs for construction industry to grow in forecasted period.

Growing Highrise Building Projects: After the removal of ban on high rise building in FY’2014, there has been tremendous development and construction of high rise buildings have been observed in both residential and commercial building in Tier 1 cities of India such as Mumbai, Delhi NCR, Kolkata and others. Major, reason for this fast development has been the exhausts of horizontal expansion in lands in metro cities such as Mumbai and Delhi. Currently, more than 400 high rise buildings are there in India, and In Mumbai, 71 projects are developed and under construction from which majority are of residential buildings. Also, other cities such as Ahmedabad, Bangalore, Kolkata and others are coming up with these projects.

Key Segments Covered:-

Bricks Market

By Revenue

By Type of Bricks (Clay brick, Fly Ash Brick and Concrete Block)

By Manufacturing Process of Clay Brick (Zig-Zag, FCBTKs and Others)

By Application Type (Residential and Non-Residential)

By Number of Bricks

By Type of Bricks (Clay brick, Fly Ash Brick and Concrete Block)

By Type Concrete Block (Solid, Hollow, CLC and RMC)

AAC Block Market

By Revenue

By Size of AAC Block (4”,6”,8” and Others)

By Application (Residential and Non-Residential)

By Region (West, South, North and East)

Key Target Audience:-

Infrastructure Industry Investors

Green Building Material Market

Future Prospect of India AAC Blocks

AAC Blocks Manufacturers in India

AAC Block Association of India

Fly Ash Association of India

India Construction Material Market

High Rise AAC Block Building

Fly Ash Bricks Manufacturers

Clay Brick Kilns in India

Hollow Block Market in India

Investment Model for AAC Block Plant

Time Period Captured in the Report:-

Historical Period – FY’2014-FY’2019

Forecast Period - FY’2019-FY’2024

Major Companies Covered:-

HIL Limited

Biltech Building Elements Ltd.

Magicrete Building Solution Pvt. Ltd.

Ascolite

BigBloc Construction Ltd.

UAL Industries

Renaatus Procon Private Limited

JK Lakshmi Cement

Ultratech Cement

Ambuja Cement

For more information, refer to below link:-

India Bricks and Blocks Market

Related Reports:-

India PVC Solvent Cement Market Outlook To 2023- By PVC, UPVC And CPVC Solvent Cement; By Organized And Unorganized And By Urban And Rural Areas

India UPVC Doors And Windows Market Outlook To 2023 - By Fabrication And Extrusion Segment, By Major Cities (Delhi, Bangalore, Mumbai, Chennai, Kolkata), By Raw Material Procurement, And By Application (Residential, Retail, Hotel, Hospital And Institutional)

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications

Ankur@kenresearch.com

+91-9015378249