Construction Aggregates Market Size to Surpass US$ 664 Bn by 2031 | Persistence Market Research

Construction Aggregates Market

The global construction aggregates market is currently valued at over US$ 344 Bn. Sales of construction aggregates are projected to increase at 6.8% CAGR and be valued at over US$ 664 Bn by 2031. Increasing infrastructure investments in Asia Pacific, North America, and Europe, innovation in production technologies, and rising residential projects are driving demand for construction aggregates.

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The market is driven by the increasing demand for infrastructure development, urbanization, and rising economic growth. Additionally, the growing use of recycled aggregates in construction projects is also expected to drive market growth.

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 Companies- 

• 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
• ROGERS GROUP INC.

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Market Segmentation

By Type

• Crushed Stones
• Manufactured Sand
• Natural Sand
• Gravel
• Recycled Construction Aggregates
• Other Construction Aggregates

By Application

• Construction Aggregates for Commercial Use
• Construction Aggregates for Residential Use
• Construction Aggregates for Industrial Use
• Construction Aggregates for Infrastructure Use
• Geographical Analysis
 
The construction aggregates market is segmented into four regions: North America, Europe, Asia-Pacific, and the rest of the world. The Asia-Pacific region is expected to dominate the market due to the increasing number of infrastructure development projects, urbanization, and economic growth in countries such as China and India. North America is also expected to grow due to the increasing demand for aggregates in the construction industry.

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The construction aggregates market is expected to grow due to the increasing demand for infrastructure development, urbanization, and rising economic growth. The Asia-Pacific region is expected to dominate the market, followed by North America. The market is also expected to benefit from the growing use of recycled aggregates in construction projects. Companies in the market are focusing on strategic partnerships and acquisitions to expand their market presence and increase their market share.

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