In 2023, the sold production of building blocks and bricks of cement, concrete, or artificial stone in the UK stood at a lower level than the forecasted values for the coming years, reflecting an upward trend. From 2024 to 2028, production is expected to rise steadily, with year-on-year growth rates of approximately 1.3% to 1.5%. Over the five-year period, the Compound Annual Growth Rate (CAGR) is anticipated to be approximately 1.6%, indicating consistent moderate growth.
Future trends to watch for include:
- Potential changes in construction demand driven by government infrastructure projects.
- Developments in sustainable construction materials that may impact traditional cement and concrete markets.
- Brexit-related regulatory changes affecting production standards and cross-border trade.