Building the Future: Exploring the Booming Construction Aggregates Market for Sustainable Infrastructure Development

According to recently released data on the construction aggregates market, global sales are predicted to reach about US$ 368,327.8 million by the end of 2022, representing an increase of almost 7.0% year over year. On a value basis, the construction aggregates market is anticipated to have a CAGR of approximately 4.9% between 2022 and 2033.

The construction aggregates market is a vital part of the construction industry, providing the essential raw materials required for building and infrastructure projects. Construction aggregates are a combination of crushed stone, gravel, sand, and other materials, used in concrete, asphalt, and other construction applications. The increasing demand for construction aggregates is driven by the growth of the construction industry globally. The construction aggregates market is projected to grow significantly over the next few years, with a CAGR of around 4.9% between 2023 and 2023.

The rising demand for construction aggregates can be attributed to the increasing urbanization, industrialization, and population growth. The construction aggregates market is also driven by the increasing investment in infrastructure projects, such as highways, bridges, airports, and railroads, which require large amounts of construction aggregates. Moreover, the growing demand for green and sustainable buildings has increased the use of recycled and sustainable materials, including construction aggregates.

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Among regions, China is expected to dominate the construction aggregates market throughout the forecast period, expanding at CAGR of 5.9% in terms of volume.

New trends in construction aggregates such as manufactured sand, and recycled aggregates, along with rising investment in infrastructure globally are driving growth of the global construction aggregates market; whereas high transportation costs, stringent zoning regulations, seasonal factors, and rising energy costs are expected to act as restraints to growth of the global construction aggregates market.

The growth of the construction industry, increasing construction spending, especially in developing economies such as India and the Middle East, are some of the other major market drivers.

Report outlines global upcoming construction projects and major events impacting the construction aggregates market, along with a list of the top importers and exporters of construction aggregates globally. Capacity factor analysis for each region is also included in the report. Also, construction value added as a percent of GDP for key economies have been included in the report.

Currently, major players in the global construction aggregates market are focused towards mergers and acquisitions, and on expanding their production capacities. Key players in the global construction aggregates market included in the report are Heidelberg Cement AG, Martin Marietta Materials, Inc., LSR Group PJSC, LafargeHolcim Ltd., CEMEX S.A.B. de C.V., Vulcan Materials Company, CRH plc, and EUROCEMENT Holding AG. The reports also focus on key developments and strategies of these key market players.

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Key Segments Covered in Construction Aggregates Market Research

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

By Region

North & Central America
South America
Northern Europe
Southern & Western Europe
CIS & Eastern Europe
India
China
Australia & New Zealand
Rest of Asia Pacific
Middle East and Africa

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This release was published on openPR.