Global Information Inc. presents a new market research report, "Bricks, Blocks and Pavers (US Market & Forecast)" by Freedonia Group.
According to a new report from The Freedonia Group, "Demand for brick and block products is projected to increase nearly twelve percent annually from a weak 2009 base to 12.4 billion units in 2014, valued at $8 billion." Among the speculations, building construction, particularly residential construction, is expected to recover and subsequently generate growth in the market for brick and block products. Clay brick, in particular, should benefit from residential construction (i.e. new single-family housing) rebounds through 2014. By the end of the forecast period, demand for clay brick is projected to advance 15 percent yearly to reach 8.2 billion units.
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