The global Construction Aggregates market, which was evaluated at 365 (USD Billion) in 2019 and is expected to generate 495 (USD Billion) by 2026, is expected to grow at a CAGR of about 4.6 percent between 2020 and 2026. The research provides appraisal and analysis of the worldwide and regional Construction Aggregates markets. The study provides an in-depth analysis of industry rivalry, constraints, sales projections, avenues, present and developing trends, and industry-validated market data. The research provides historical data from 2016 to 2019, as well as a projection based on value from 2020 to 2026. (USD Billion)
Construction aggregates are mined minerals that are widely available around the world. These composites are made from limestone, trap rock, and granite by blasting and drilling the rocks into little pieces. Furthermore, these compounds are used in airport, railroad, highway, and runaway construction. Furthermore, the product is used to minimise soil erosion, purify water, and filter it. Furthermore, construction aggregate includes a variety of medium-grained particles such as gravel, slag, geosynthetic aggregates, sand, recycled concrete, and crushed stone. These goods are long-lasting, have high chemical resistance, and can survive harsh temperatures.
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Market Growth Factors
Over the forecast period, the emerging tourism industry, together with enormous expenditure for the construction of recreational projects, will generate profitable growth avenues for the construction aggregates business. Massive government effort on upgrading transportation amenities and developing power sector infrastructure will drive market trends. Increased construction of special economic zones, as well as favourable government legislation favouring foreign direct investment in construction activities, will further propel company growth.
Furthermore, the large-scale demand for malls and residential spaces is expected to drive significant demand for construction aggregates in the coming years. Massive usage of recycled building aggregates will fuel industry expansion over the forecast period due to the necessity to conserve rapidly depleting energy supplies. Apart from this, massive use of readymade concrete materials is projected to offer new growth avenues for the construction aggregates industry over the ensuing years. Nonetheless, oscillating raw material costs will put brakes on the business growth over the years ahead.
During the forecast period, the Asia Pacific market will experience tremendous growth.
The Asia Pacific zone’s market expansion over the assessment period is attributable to the region’s rapid industrialization, as well as an increase in the number of construction activities as a result of the region’s growing population in countries such as India and China. Furthermore, growing residential and commercial activities will fuel regional industry expansion in the approaching years. Aside from that, growing urbanisation in countries such as Japan, China, and India will fuel the rise of the Asia Pacific construction aggregates market in the coming years.
Martin Marietta Materials, Inc., PJSC LSR Group, CRH PLC, CEMEX S.A.B. de C.V., Vulcan Materials Company, Eurocement, Holding AG, Heidelberg Cement AG, Adelaide Brighton Cement Ltd., LafargeHolcim Ltd., and Rogers Group Inc. are among the key participants covered in the report.
This report segments the global construction aggregates market into:
Global Construction Aggregates Market: Product Type Analysis
Global Construction Aggregates Market: End-User Analysis
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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