Latin America Hollow Concrete Blocks Market Size & Outlook
Latin America hollow concrete blocks market, 2018-2030 (US$B)
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Latin America hollow concrete blocks market highlights
- The Latin America hollow concrete blocks market generated a revenue of USD 4.6 billion in 2022.
- The market is expected to grow at a CAGR of 9% from 2023 to 2030.
- In terms of segment, split-faced was the largest revenue generating product in 2022.
- Smooth-faced is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 4.6 billion |
| Market revenue in 2030 | USD 9.1 billion |
| Growth rate | 9% (CAGR from 2022 to 2030) |
| Largest segment | Split-faced |
| Fastest growing segment | Smooth-faced |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 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, Latin America region accounted for 1.8% of the global hollow concrete blocks market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 9.1 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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Latin America 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 63.04% in 2022. Horizon Databook has segmented the Latin America hollow concrete blocks market based on split-faced, smooth-faced covering the revenue growth of each sub-segment from 2018 to 2030.
Central and South America hollow concrete blocks market is expected to witness modest growth. This is attributed to the growth of the construction industry which is witnessing substantial growth on account of the increasing investments in various infrastructure projects by foreign and domestic private players in the region. The economies contributing significantly to the regional growth include Brazil and Argentina.
Construction is one of the fastest-growing sectors in the region, owing to rising investments by the government and real-estate developers. A favorable government scenario is boosting the retail construction segment with more reforms and schemes to increase the construction of shopping malls, residential spaces, corporate offices, entertainment centers, and community centers.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America hollow concrete blocks market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America hollow concrete blocks market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America hollow concrete blocks market outlook size, by country, 2018-2030 (US$B)
Latin America Hollow Concrete Blocks Market Outlook Share, 2022 & 2030 (US$B)
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