In response to the growing demand for eco-friendly construction materials and an alternative to traditional bricks, hollow concrete blocks have emerged as a revolutionary option.
Major manufacturers are scaling up production to meet the rising demand, reshaping the industry landscape.
Since Concord introduced sustainable blocks in 1998, the market has surged in size, now valued at Tk 120 crore, with around 30-35 companies, including Mir Group and Concord Group.
In line with government plans to phase out clay bricks by FY2024-2025, the hollow block industry is thriving as construction companies and individuals opt for them.
Companies are boosting manufacturing capabilities, expanding factories, and incorporating advanced German machinery.
German machines increased production by 74,000 pieces in the same timeframe, alongside their existing capacity of 97,600 blocks per 8 hours.
Concord Group maintains a dominant 60% market share, while Mir Concrete Products, part of Mir Group, with over 30% market share, secured a Tk10 crore loan from United Finance for expanding their Narayanganj factory.
These companies are also actively promoting environmental benefits, aiming for a greener future, supported by United Finance.
Beyond eco-friendliness, hollow blocks are cost-effective, durable, and resistant to earthquakes, heat, and salinity, as per Nafizur Rahman of the Housing and Building Research Institute (HBRI).
Hollow concrete blocks’ durability and reduced weight compared to traditional bricks make them an appealing choice for various construction projects.