Global Construction Aggregates Market By Overview
Construction Aggregates Market accounted for USD 245.21 Billion in 2020 and is estimated to be USD 313.12 Billion by 2030 and is anticipated to register a CAGR of 3.0%
Construction aggregates is a broad category of particulate materials that are used in construction. It includes sand, gravels, recycled aggregates, and crushed stones. Construction aggregates are most mined materials across the globe. Construction aggregates have high hydraulic conductivity value over most soils, owing to which they are widely used in the various end-use applications such as in foundation, roadside edge drains, and septic drain fields and serves as reinforcement in order to strengthen overall composite material.
Global Construction Aggregates Market By Drivers & Restraints
The market in North America is expected to account for significant share in the global market for construction aggregates and is expected to continue its strong hold for a few more years owing to increasing adoption of recycled aggregates, coupled with the increasing investments in construction sector is driving growth for the construction aggregates market in the countries of the region. According to data published by United States Census Bureau, over US$ 1 trillion on infrastructure construction is spent by the U.S. per year.
The market in Asia-Pacific is expected to register fastest growth as compared to other regions, owing to the growing construction activities in emerging economies such as India and China in the region, over the forecast period. According to data published by India Brand Equity Foundation, India is projected to become third largest construction market by 2025, across the globe.
Global Construction Aggregates Market By Segmentations & Regional Insights
Construction aggregates market has been segmented on the basis of product type, end-use industry, application, and region.
Regional Insights:
The product type segment includes sand, gravels, crushed, and stones. The end-use industry segment is further sub segmented into residential, commercial, industrial, and infrastructure. On the basis of application the construction aggregates market has been segmented as road base and coverings, hydraulic concrete, and asphaltic concrete. On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to account major market share as compared to that of other regions.
Global Construction Aggregates Market By Competitive Landscape & Key Players
Key players operating in the construction aggregates market includes Vulcan Materials Company, PJSC LSR Group, Heidelberg Cement AG, LafargeHolcim Ltd, Martin Marietta Materials, Inc., CEMEX S.A.B. de C.V., Eurocement Holding AG, CRH plc., Adelaide Brighton Cement Ltd., and Rogers Group Inc.
Global Construction Aggregates Market By Highlights
FAQs
The construction aggregates market has been segmented on the basis of product type, end-use industry, application, and region.
Construction aggregates are predicted to grow in response to the developing tourism industry and increased investment in the development of recreational projects.
North America is expected to account for significant share in the market for construction aggregates market.
Key players operating in the construction aggregates market includes Vulcan Materials Company, PJSC LSR Group, Heidelberg Cement AG, LafargeHolcim Ltd, Martin Marietta Materials, Inc., CEMEX S.A.B. de C.V., Eurocement Holding AG, CRH plc., Adelaide Brighton Cement Ltd., and Rogers Group Inc.