Construction Aggregates Market 2022 is Expected to reach US$ 166 billion with 6.8% CAGR Forecast to 2031

Construction Aggregates Market 2022-2031

As per industry analysis by Persistence Market Research, The global construction aggregates market is estimated to expand at a CAGR of 6.8% over the forecast period of 2021-2031.

The market is projected to be driven by rapid expansion of the construction sector, notably in emerging nations in Asia Pacific. Demand for construction aggregates is also increasing for commercial & residential construction work across major markets, and is being driven by increased activity in the refurbishment and renovation sector across the world.

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Furthermore, macroeconomic factors such as urbanization and industrialization will continue to generate significant demand. Increased tourism, and expanding need for modern workplaces, malls, and commercial buildings demand a large supply of construction aggregates, while a booming residential construction industry also helps propel demand.

Rising focus of governments of major economies on the expansion of transportation facilities and strengthening of power generation infrastructure, coupled with increased innovation in aggregate production methods aimed at boosting the efficiency of the manufacturing process and productivity, while maintaining high product quality, is projected to fuel demand growth of construction aggregates.

Key Players:

The report has profiled some of the important players prevalent in the global like - HeidelbergCement AG, Martin Marietta Materials Inc., LSR Group, LafargeHolcim Ltd, Cemex SAB de CV ADR, Vulcan Materials Company, CRH plc, Adelaide Brighton Ltd, Eurocement Group, and Rogers Group Inc and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Construction Aggregates Market.    

Key Takeaways from Market Study

Aggregate recycling is gaining prominence since it conserves natural resources and avoids the need for disposal with the use of readily accessible conventional aggregates in concrete and other applications.

Crushed stone construction aggregates are in great demand and are mainly utilized as a base or sub-base material in nearly all sorts of structures, including concrete and paving blocks for driveways, sidewalks, patios, office buildings, houses, and paved roads.

Infrastructure sector is expected to dominate the market due to the development of large-scale infrastructural projects in developing economies of Asia Pacific as well as in North America and Europe.

Substantial urbanization is projected to occur in countries such as India and Southeast Asian nations over the next decade, which would help drive the construction industry, and, in turn, also benefit construction aggregate manufacturers.

Owing to rising construction aggregate demand, key players are boosting investments to enhance production capacity and focusing on increasing their regional market share through mergers and acquisitions with regional players.

Increase in focus on the innovation of green construction materials such as recyclable aggregates coupled with innovation in technologies required for the production of construction aggregates are key opportunities for growth in the global market of construction aggregates.

"Growing urbanization coupled with development of large-scale infrastructural projects in developing economies are expected to drive demand for construction aggregates," says a Persistence Market Research analyst.

Conclusion

The global construction aggregates market is expected to grow substantially owing to increasing infrastructure investments in developing regions. Further, with growing urban population, there is increased government support for residential projects for affordable urban housing, which further stimulates demand for construction aggregates.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders 
Construction Aggregates Market Manufacturers 
Construction Aggregates Market Distributors/Traders/Wholesalers 
Construction Aggregates Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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Construction Aggregates Market - Report Highlights

A detailed overview of parent market of Construction Aggregates Market
Changing Construction Aggregates Market dynamics in the industry
In-depth segmentation of the Construction Aggregates Market
Historical, current, and projected Construction Aggregates Market size regarding volume and value
Recent industry trends and developments in Construction Aggregates Market
Competitive landscape of the Construction Aggregates Market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Construction Aggregates Market performance
Must-have information for Construction Aggregates Market players to sustain and enhance their market footprint                                             

Key Questions Answered in the Construction Aggregates Market Report

How is the Construction Aggregates Market expected to grow over the projected period?

What direction is the Construction Aggregates Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Construction Aggregates Market in future?

What are the key market drivers in the Construction Aggregates Market?

What are significant opportunities and improvement areas for Construction Aggregates Market manufacturers?

What are the key developments and trends taking over the Construction Aggregates Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Construction Aggregates Market?  

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