Growing Emphasis on Green Buildings and Rising High Rise Building Projects has Driven the Demand for Bricks and Blocks Market in India: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit “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 Blocks” believe 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 Tags: Ambuja Cement Bricks and Blocks India Market Sales, Ascolite Bricks and Blocks Market Shares, Bangalore Major Players Brick Industry, BigBloc Construction Bricks and Blocks Market Sales, Biltech Building Elements Bricks and Blocks Market Size, Bricks and Blocks Industry In India, Bricks and Blocks Market In India, Cement Concrete Block Manufacturing Process India, Chennai Major Players Brick Industry, Clay Brick Kilns in India, Clay Brick Manufacturing Process India, Eastern India AAC Blocks Market, Fly Ash Brick Manufacturing Process India, Global AAC Blocks Market Size, HIL Limited Bricks and Blocks India Market Sales, India AAC Blocks Market, India AAC Blocks Market Manufacturers, India Blocks Market, India Bricks and Blocks Industry, India Bricks and Blocks Industry Research Report, India Bricks and Blocks Market, India Bricks and Blocks Market Analysis, India Bricks and Blocks Market Competition, India Bricks and Blocks Market Forecast, India Bricks and Blocks Market Future Outlook, India Bricks and Blocks Market Growth, India Bricks and Blocks Market Major Players, India Bricks and Blocks Market Manufacturers, India Bricks and Blocks Market Research Report, India Bricks and Blocks Market Revenue, India Bricks and Blocks Market Shares, India Bricks and Blocks Market Size, India Bricks and Blocks Market Trends, India Bricks Market, India Clay Bricks Market, India CLC Bricks Market, India CLC Concrete Block Market, India Colored AAC Blocks Market, India Competition AAC Blocks Market, India Concrete Blocks Market, India Construction Material Market, India Fly Ash Bricks Market, India Hollow Bricks Market, India Hollow Concrete Block Market, India Non Residential AAC Blocks Market, India Non Residential Bricks Market, India Residential AAC Blocks Market, India Residential Bricks Market, India RMC Bricks Market, India RMC Concrete Block Market, India Solid Bricks Market, India Solid Concrete Block Market, India Zig Zag Bricks Market, Industry Research Report Of India Bricks and Blocks, JK Lakshmi Cement Bricks and Blocks Market Revenue, Kolkata Major Players Brick Industry, Magicrete Building Bricks and Blocks Market Revenue, Major Players AAC Blocks Market India, Manufacturing Process AAC Blocks India, Manufacturing Process Bricks India, Market Research Report Of India Bricks and Blocks, Market Share AAC Blocks India, Mumbai Major Players Brick Industry, New Delhi Major Players Brick Industry, Northern India AAC Blocks Market, Number of Kilns India, Porter Analysis Bricks and Blocks India, Production Bricks Market India, Renaatus Procon Bricks and Blocks Market Shares, Revenues AAC Blocks Market India, Southern India AAC Blocks Market, UAL Industries Bricks and Blocks Market Sales, Ultratech Cement Bricks and Blocks Market Sales, Western India AAC Blocks Market