Argentina Hollow Concrete Blocks Market Size & Outlook
Argentina hollow concrete blocks market, 2018-2030 (US$B)
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Argentina hollow concrete blocks market highlights
- The Argentina hollow concrete blocks market generated a revenue of USD 1.0 billion in 2022 and is expected to reach USD 1.7 billion by 2030.
- The Argentina market is expected to grow at a CAGR of 6.7% from 2023 to 2030.
- In terms of segment, split-faced was the largest revenue generating product in 2022.
- Split-faced is the most lucrative product segment registering the fastest growth during the forecast period.
Hollow concrete blocks market data book summary
| Market revenue in 2022 | USD 1.0 billion |
| Market revenue in 2030 | USD 1.7 billion |
| Growth rate | 6.7% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Split-faced |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Split-faced, Smooth-faced |
| Key market players worldwide | Berkshire Hathaway Inc Class A, Cemex SAB de CV ADR, CRH PLC, BGC Group Inc Ordinary Shares Class A, Taylor Devices Inc, UltraTech Cement Ltd DR |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.4% of the global hollow concrete blocks market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 1.7 billion by 2030.
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Hollow Concrete Blocks Market Scope
Hollow Concrete Blocks Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina hollow concrete blocks market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hollow concrete blocks market will help companies and investors design strategic landscapes.
Split-faced was the largest segment with a revenue share of 60% in 2022. Horizon Databook has segmented the Argentina hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
The government initiatives to strengthen the economy by boosting industrialization and residential & nonresidential construction is expected to add growth prospects to the hollow concrete blocks market over the forecast period.
The rising public and private partnerships, consumer demand, presence of a large set of investors and entrepreneurs, improvement in technologies, and flexible international trade policies for foreign direct investments are expected to drive the growth of the construction industry, particularly in the nonresidential application segment in Argentina.
Thus, the expected growth of construction activities in nonresidential applications segment is expected to offer growth opportunities to the hollow concrete block market over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Argentina hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)
Argentina Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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