Construction Aggregates Market Size, Share, Growth Report 2030

The global Construction Aggregates market, which was estimated at 365 (USD Billion) in 2019 and is predicted to accrue earnings worth 495 (USD Billion) by 2026, is set to record a CAGR of nearly 4.6% over 2020-2026. The report offers valuation and analysis of Construction Aggregates market on a global as well as regional level. The study offers a comprehensive assessment of the industry competition, limitations, sales estimates, avenues, current & emerging trends, and industry-validated market data. The report offers historical data from 2016 to 2019 along with a forecast from 2020 to 2026 based on value (USD Billion).

Introduction

Construction aggregates are the mined materials that are globally available. These composites are manufactured from limestone, trap rock, and granite through blasting & drilling of rocks into tiny pieces. In addition to this, these compounds are utilized in airport, railroad, highway, and runaway constructions. Furthermore, the product is also utilized for controlling soil erosion, water purification, and filtration. In addition to this, construction aggregate comprises of a wide range of medium grained particles like gravel, slag, geosynthetic aggregates, sand, recycled concrete, and crushed stone. These products are durable, offer high chemical resistance, and have the ability of withstanding extreme temperatures.

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Market Growth Drivers

Emerging tourist industry along with massive funding for constructing recreational projects will create lucrative growth avenues for construction aggregates industry over the forecast timeline. Massive government focus on improving the transport amenities and further expanding the infrastructure of power sector will steer the market trends. Surge in the construction of special economic zones along with favorable legislations passed by the government promoting foreign direct investment in construction activities will further promulgate the business growth.

Furthermore, large-scale requirement of malls and residential spaces is likely to generate massive demand for construction aggregates over the forthcoming years. Massive adoption of recycled construction aggregates due to need for conserving rapidly exhausting energy resources will further drive the business growth over the forecast timespan. 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.

Asia Pacific Market To Record Humungous Growth During Forecast Timespan

The growth of the market in Asia Pacific zone over the assessment period is due to swift industrialization in the region along with increase in the number of construction activities as a result of exploding population in the countries like India and China. In addition to this, thriving residential and commercial activities will propagate the regional industry growth over the forthcoming years. Apart from this, rapid urbanization witnessed in countries like Japan, China, and India will proliferate the expansion of construction aggregates market in Asia Pacific over the years to come.

Key participants profiled in the study are 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.

This report segments the global construction aggregates market into:

Global Construction Aggregates Market: Product Type Analysis

• Crushed Stones
• Sand
• Gravel
• Others

Global Construction Aggregates Market: End-User Analysis

• Residential
• Commercial
• Industrial

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa