Showing posts with label Number of Bricks Made Karnataka. Show all posts
Showing posts with label Number of Bricks Made Karnataka. Show all posts

Wednesday, August 2, 2023

Industrialization, technological advancement and government support are propelling the Karnataka Bricks and Blocks Market: Ken Research

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1. Urban sprawl and the ongoing building of numerous Greenfield ports, airports, and housing developments are helping the brick and block business in Karnataka to thrive.

Karnataka Bricks and Block Market

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The main driver of the brick market in Karnataka is the growth of the building sector. The government's continued construction initiatives, including as the construction of an airport, the Ring Road, and housing communities, supported the brick market. As of July 2022, there are 34 operational SEZs, 61 SEZs with formal approvals, and 50 notified SEZs in Karnataka, which is the IT heartland of India and home to the fourth-largest technological cluster in the world. This is what is causing the need for bricks in the area.

2. AAC manufacturers emergence, rapid urbanization, government support, and technical advancement are the key elements that encourage expansion.

Karnataka Bricks and Block Market

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AAC Blocks market have been witnessing entry of multiple manufacturing players in the last 3-4 years as the government has taken initiative to use AAC Blocks to reduce environmental impacts and improve energy efficient materials in brick manufacturing process. On the other hand, construction activity is rising as a result of rapid urbanization, with the current population of 66.2 Mn which is projected to grow to 74.2 Mn by FY 2027F pressurizing the cities for development and improving the infrastructure of the state for better quality of life. Additionally, the Karnataka government has ordered operators of thermal power plants to give fly ash to brick producers at no charge. To encourage manufacturers' interest in creating fly ash bricks, numerous incentives are being offered to reduce carbon emissions. Furthermore, new building technologies are being developed, such as Smart Bricks and Apis Cor, which will benefit the market. SAM is a robot that semi-automates brick wall construction, able to lay 3000 bricks per day while a worker typically lays 500, and Apis Cor is a robot that can construct a house in 24 hours.

3. The Karnataka AAC Block Market is expanding due to rising demand for energy-efficient buildings, durability, and the state's abundant supply of blocks.

Karnataka Bricks and Block Market

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The primary growth drivers of the market for AAC blocks are increasing urbanization and industrialization. Development in the infrastructure sector, rising interest in using lightweight materials in construction, and rising interest in the construction of green buildings are further drivers boosting growth. In addition, the government of Karnataka is actively undertaking Smart City initiatives in Bengaluru, Mangaluru, Shivamogga, Tumakuru, Davanagere, Hubballi-Dharwad, and Belagavi. As a result, the demand for AAC blocks from these regions is increasing quickly in many commercial projects.

4. Karnataka Bricks and Blocks Market faces difficulties such as technological obsolescence, socio-economic concerns, and environmental restrictions.

Karnataka Bricks and Block Market

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Since its inception, the brick industry in Karnataka has produced bricks using traditional methods and has not significantly advanced technologically. The majority of bricks are made manually due to a lack of technological expertise and government funding. Additionally, the existing decentralized production activity used by the Karnataka brick industry is energy-intensive, resource-depleting, and extremely polluting. Furthermore, because labor is brought in through a contractor and is not protected by the act due to the unorganized level of industry, workers in the Karnataka brick business are subjected to harsh working conditions and low pay.

Thursday, July 27, 2023

Karnataka Bricks & Blocks Market has been driven by rapid industrialization and urbanization, government support and technological advancement: Ken Research

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Focus on escalating construction activities, growing emphasis on green buildings and government support are major factor contributing towards development of Bricks and Blocks Market in Karnataka

Entry of AAC Manufacturers and Rapid Urbanization: AAC Blocks market have been witnessing entry of multiple manufacturing players in the last 3-4 years as the government has taken initiative to use AAC Blocks to reduce environmental impacts and improve energy efficient materials in brick manufacturing process. On the other hand, construction activity is rising as a result of rapid urbanization, with the current population of 66.2 Mn which is projected to grow to 74.2 Mn by FY 2027 pressurizing the cities for development and improving the infrastructure of the state for better quality of life.

High-rise Residential Building Demand and Government Support: The demand for high-rise structures is the present trend; ~1,500 high-rise structures have been built in Bengaluru, and more are being built there right now, including Adarsh Tropica, Engrace, and others. Additionally, the Karnataka government has ordered operators of thermal power plants to give fly ash to brick producers at no charge. To encourage manufacturers' interest in creating fly ash bricks, numerous incentives are being offered to reduce carbon emissions.

Technological Obsolescence: Since its inception, the brick industry in Karnataka has relied on conventional techniques for producing bricks and has not undergone a significant technological development. Due to a lack of technical know-how and government funding, manual brickmaking is primarily used. Additionally, small to mid-scale players are hesitant to adopt modern technology because doing so takes significant investment, and they prefer labor-intensive processes over switching to completely automated ones.

Environmental Constraints: The Karnataka brick industry is currently based on decentralized production activity using energy intensive, resource depleting and highly polluting technologies and production methods. The industry faces considerable constraints leading to depletion of natural resources.

Analysts at Ken Research in their latest publication “Karnataka Bricks & Blocks Market Outlook to 2027- Driven by Rising Urbanization and Escalating Construction Activities to Develop the Existing Infrastructure observed that bricks and blocks market in Karnataka is at growing stage. The formulation of supportive government policies and rapid urbanization, technological advancement and growing emphasis on green buildings are expected to contribute to the market growth over the forecast period. The market is expected to grow at a 7.4% CAGR during 2022-2027.

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Major Players Mentioned in the Report

  • Birla Aerocon (CK Birla Group)
  • Durgamba Building Solutions Co.
  • Ultratech AAC Blocks
  • Neolite Buildcon
  • Sri Balaji Enterprises
  • Fusion Building Materials
  • Renaatus Procon Pvt. Ltd.
  • Aswani Industries Pvt. Ltd. (Ascolite AAC)
  • Masuvic Indsup Pvt. Ltd. (Nexrise AAC)
  • Conecc Industries Pvt. Ltd.
  • Falcon (Building Solutions)
  • Arugonda Infratech
  • VP Enterprises
  • Maxlite AAC Blocks
  • Meghalite AAC Blocks

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • 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: 2017-2022
  • Base Year: 2022
  • Forecast Period: 2022-2027

For more insights on the market intelligence, refer to the link below: -

Karnataka Bricks & Blocks Market

Related Report By Ken Research:-

India Bricks and Blocks Market Outlook to 2024