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Global Recycled Construction Aggregates Market Size was valued at US$ 7.5 billion in 2021, and it is expected to reach a value of US$ 10.25 billion by 2028, at a CAGR of 7.1% over the forecast period (2022 - 2028) | The rapid global expansion of the build
According to the latest research by SkyQuest Technology, Global Recycled Construction Aggregates Market Size was valued at US$ 7.5 billion in 2021, and it is expected to reach a value of US$ 10.25 billion by 2028, at a CAGR of 7.1 % over the forecast period (2022 - 2028). The research provides up-to-date Recycled Construction Aggregates market analysis of the current market landscape, latest trends, drivers, and overall market environment.The availability and affordability of crushed stone will promote greater use in the construction sector. Crushed stone is used to create cement, an essential binding component in the construction sector. As the housing market grows in various countries, including India, China, and the United States, cement will be used significantly. The excellent mechanical properties and wide availability of crushed stone will further increase the market's sales. In terms of revenue, the construction aggregates market is expected to be led by the infrastructure sector. The development of the infrastructure sector can be attributed to urbanization and industrialization, which have spurred demand for countless projects like the construction of bridges, expressways, and motorways. Due to the upward trends in these projects, it is anticipated that sales of construction aggregates will rise over the assessment period.
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The Asia Pacific is the largest market for recycled construction aggregates. Next are North America and Europe. Recycled building aggregate demand is expected to increase during the forecast period, especially in China, Japan, and South Korea. The building and construction industries in developing countries in the Asia Pacific, such as China, India, Indonesia, and Vietnam, are expected to see an increase in demand for recycled materials, creating lucrative business opportunities for local recyclers and manufacturers of recycled construction aggregates.
An increase in government investment in the building sector in developing economies in Asia and the Pacific is one of the key factors anticipated to drive the market in the region during the forecast period.
Read market research report, "The Global Recycled Construction Aggregate Market has been segmented based on Product Type, End-Use, and Region. Based on product type, the global recycled construction aggregates industries are further sub-segmented into crushed stone, sand & gravel, cement concrete, and asphalt pavement debris. According to End Use, the market is further segregated into Residential, Commercial, Infrastructure, and others, & By Region - Forecast and Analysis 2022-2028" by SkyQuest
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The market for environmentally friendly building aggregates is expanding in both Europe and North America as a result of the enormous support given to the development of recycled construction aggregates in Europe. Recycled construction aggregate imports are anticipated to rise in Latin America, the Middle East, and Africa as a result of their low cost benefits, which will likely strengthen the market in these nations. In terms of application, the infrastructure sector dominated the market for recycled construction aggregates worldwide in 2019.
People have begun developing green buildings instead of traditional business and residential spaces due to rising disposable money and greater awareness of sustainable living. During the projected period, this trend is anticipated to increase demand for recycled building aggregates. Because of its growing population, Asia Pacific is predicted to hold a sizable share of the global market during the forecast period. In addition, during the projection period, factors including rising disposable income and construction activity are also anticipated to support demand for recycled construction aggregates in this region. For instance, according to figures from the World Bank, China's population was 1.37 billion in 2021 but rose to 1.39 billion by 2021.
Furthermore, according to the National Bureau of Statistics of China, per capita disposable income in China was $4,462 in 2021, with rural areas having higher per capita disposable income than urban areas. Furthermore, the World Resources Institute predicts that China would spend roughly US$ 13 trillion on construction by 2028. As a result, it is anticipated that throughout the projection period, demand for recycled building aggregates in Asia Pacific will increase due to the region's growing construction activity.
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The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
What does this Report Deliver?
● Market Estimation for 20+ Countries
● Global Recycled Construction Aggregates Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific Recycled Construction Aggregates Market Trends
● Comprehensive Mapping of Recycled Construction Aggregates Market Parameters
● Attractive Investment Proposition in the Global Recycled Construction Aggregates Market
● Competitive Strategies Adopted by Global Recycled Construction Aggregates Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the Global Recycled Construction Aggregates Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Global Recycled Construction Aggregates Market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Global Recycled Construction Aggregates Market Sales
● Parent market analysis
● Product portfolio benchmarking
SkyQuest has segmented the Global Recycled Construction Aggregates Market based on Product Type, End Use, and Region.
● Global Recycled Construction Aggregates Market by Product Outlook (Revenue, US$ Billion, 2021 - 2028)
o Crushed Stone
o Sand & Gravel
o Cement Concrete
o Asphalt Pavement Debris
● Global Recycled Construction Aggregates Market by End Use Outlook (Revenue, US$ Billion, 2021 - 2028)
o Residential
o Commercial
o Infrastructure
o Others
● Global Recycled Construction Aggregates Market by Region Outlook (Revenue, US$ Billion, 2021 - 2028)
o North America
▪ US
▪ Canada
o Europe
▪ UK
▪ Germany
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Latin America
▪ Brazil
▪ Mexico
▪ Rest of Latin America
o Middle East & Africa
Key Players in the Global Recycled Construction Aggregates Market
● Green Stone Materials (US)
● Delta Sand & Gravel (US)
● Heidelbergcement AG (Germany)
● Aggregate Industries Management Inc. (US)
● CEMEX (Mexico)
● LafargeHolcim Ltd (Switzerland)
● LSR Group(Russia)
● Adelaide Brighton Ltd.( Australia)
● Eurocement Group(Russia)
● ROGERS GROUP INC.(US)
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SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
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