Construction Aggregates Market Size and Share, Forecast To 2028
2022-04-25 08:21:48 UTC | Manufacturing & Construction
The global Construction Aggregates market, which was valued at 365 billion dollars in 2019 and is expected to reach 495 billion dollars by 2026, is expected to grow at a CAGR of about 4.6 percent between 2020 and 2026. The study provides a global and regional overview and valuation of the Construction Aggregates market. The research provides a thorough examination of the industry's competitiveness, constraints, sales projections, opportunities, present and developing trends, and industry-validated market statistics. The study includes historical data from 2016 to 2019 as well as a forecast based on value from 2020 to 2026. (USD Billion).
Construction aggregates are mined minerals that are available all around the world. These composites are made from limestone, trap rock, and granite, which are blasted and drilled into tiny pieces.Furthermore, building aggregate includes gravel, slag, geosynthetic aggregates, sand, recycled concrete, and crushed stone, among other medium-grained particles. These goods are long-lasting, have a strong chemical resistance, and can survive extreme temperatures.
Over the forecast period, the emerging tourism industry, together with enormous investment for the construction of recreational projects, would provide profitable growth opportunities for the construction aggregates business. The market will be steered by the government's massive focus on boosting transportation services and extending the power sector's infrastructure. The surge in the creation of special economic zones, combined with favourable government legislation encouraging foreign direct investment in construction activities, will propel company expansion even further.
Furthermore, huge demand for building materials is expected in the next years because to the large-scale requirements of retail and residential areas. Massive usage of recycled building aggregates will fuel business expansion over the forecast period as a result of the need to conserve rapidly depleting energy supplies. Aside from that, the widespread usage of ready-mix concrete is expected to open up new growth opportunities for the construction aggregates business in the coming years. Nonetheless, fluctuating raw material costs will stifle firm expansion in the next years.
During the forecast period, the Asia Pacific market is expected to grow at a massive rate.
The market in the Asia Pacific area has grown over the assessment period as a result of rapid industrialization and an increase in the number of people living in the region.Furthermore, growing residential and commercial activities will contribute to regional industrial expansion in the next years. Aside from that, growing urbanisation in countries like Japan, China, and India will propel the building aggregates market in Asia Pacific to new heights 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 study's key participants.
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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