Indonesia Hollow Concrete Blocks Market Size & Outlook

The hollow concrete blocks market in Indonesia is expected to reach a projected revenue of US$ 11.8 billion by 2030. A compound annual growth rate of 5.9% is expected of Indonesia hollow concrete blocks market from 2023 to 2030.
Revenue, 2022 (US$B)
$7.5
Forecast, 2030 (US$B)
$11.8
CAGR, 2023 - 2030
5.8%
Report Coverage
Indonesia

Indonesia hollow concrete blocks market highlights

  • The Indonesia hollow concrete blocks market generated a revenue of USD 7.5 billion in 2022 and is expected to reach USD 11.8 billion by 2030.
  • The Indonesia market is expected to grow at a CAGR of 5.9% 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 2022USD 7.5 billion
Market revenue in 2030USD 11.8 billion
Growth rate5.9% (CAGR from 2022 to 2030)
Largest segmentSplit-faced
Fastest growing segmentSplit-faced
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD billion
Market segmentationSplit-faced, Smooth-faced
Key market players worldwideBerkshire 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, Indonesia accounted for 3.0% 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 Asia Pacific, China hollow concrete blocks market is projected to lead the regional market in terms of revenue in 2030.
  • India is the fastest growing regional market in Asia Pacific and is projected to reach USD 79.8 billion by 2030.

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Hollow Concrete Blocks Market Companies

Name Profile # Employees HQ Website

Indonesia 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 62.67% in 2022. Horizon Databook has segmented the Indonesia hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.


Government funding and increasing foreign investment to boost the country’s economic condition is anticipated to add growth prospects to its construction industry, thereby expected to positively influence the demand for hollow concrete blocks over the forecast period.

One of the major projects in the country is the relocation of the Indonesian capital city from Jakarta in Java to the east of Kalimantan. This is being done to relieve pressure on sinking, crowded, polluted, and traffic-clogged Jakarta. As per the Indonesian Officials, the overall project cost of the same is estimated to be USD 33 billion.

The government has launched Indonesian Investment Authority (INA) to draw foreign investment to develop the infrastructure, housing, and other development plans for the same. Hollow concrete blocks being an eco-friendly and low-maintenance alternative to traditional concrete and clay bricks is estimated to be of prior significance, hence estimated to propel the product demand over the forecast period.

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Horizon Databook provides a detailed overview of country-level data and insights on the Indonesia hollow concrete blocks market , including forecasts for subscribers. This country databook contains high-level insights into Indonesia hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Indonesia hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)

Indonesia Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)

Indonesia hollow concrete blocks market outlook size, by product, 2018-2030 (US$B)

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