Global Recycled Construction Aggregates Market is Estimated to Generate Huge Profits in COVID 19 by 2027 - LafargeHolcim, HeidelbergCement, CEMEX, CNBM, Taiheiyo Cement, Saint Gobain, Buzzi Unicem, Vicat Group, Cimpor, Eurocement Group, Anhui Conch Cement

Overview:

Recycled construction aggregates are crushed cement concrete or asphalt pavement obtained from construction debris and reused for construction activities. These aggregates include crushed asphalt, concrete, crushed bricks and masonry, and recycled unbound materials. The global recycled construction aggregates market is divided into six regions, such as North America, South America, Asia Pacific, Europe, Middle East, and Africa.

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Drivers:

Growth of the construction industry or the increase in construction activities across the globe is expected to drive the global recycled construction aggregates market growth during the forecast period. For instance, the global construction industry is expected to reach US$ 17.5 trillion by 2030, according to the Global Construction Perspectives and Oxford Economics. The growing population and rapid urbanization are also expected to propel the market growth. Moreover, increasing demand for sustainable, eco-friendly, and recycled construction materials and components from the construction industry, as well as growing awareness among people, is also expected to fuel the global recycled construction aggregates market growth.

Restraint:

High capital investment for setting up a recycling plant is expected to hamper the global recycled construction aggregates market growth. Moreover, the lack of awareness regarding the usage of recycled construction aggregates is also expected to impede the market growth.

Regional Insights:

North America and Europe are expected to witness robust growth in the global recycled construction aggregates market due to rising demand for eco-friendly recycled construction aggregates in these regions. For instance, in June 2017, HeidelbergCement acquired Cemex’s Pacific Northwest Materials Business to meet the North American market demand.

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Competitive Section:

Key players active in the global recycled construction aggregates market are LafargeHolcim, HeidelbergCement, CEMEX, CNBM, Taiheiyo Cement, Saint Gobain, Buzzi Unicem, Vicat Group, Cimpor, Eurocement Group, Anhui Conch Cement, Etex Group, Asia Cement, Boral, Green Stone Materials, CRH Plc., Vulcan Materials, and China Resources Cement Holdings.

In December 2018, CEMEX announced that the company will deliver around 55,000 cubic yards of ready-mix concrete for phase one of The Plaza Coral Gables.

In December 2018, CEMEX announced that the company will deliver over 170 thousand cubic meters of hydraulic concrete for a new 50-kilometer route between Mexico and the United States.

In August 2018, LafargeHolcim acquired Metro Mix to strengthen its position in the United States.

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