Press release
Construction Aggregates Market Current Scenario and Strategic Forecast 2024 - 2031 | Adbri Ltd (Adbri), Big City Crushed Concrete
Construction Aggregates Market
Global construction aggregates market is estimated to be valued at USD 437.73 Bn in 2024 and is expected to reach USD 607.77 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.
Market Dynamics:
The global construction aggregates market is expected to witness significant growth owing to increasing infrastructure development activities across both developed and developing economies. Construction aggregates finds wide application in infrastructure projects such as roads, highways, bridges, railways and dams. Governments around the world are investing heavily in upgrading and expanding the infrastructure to drive economic growth. For instance, the US government announced an infrastructure bill of USD 1 trillion in 2021 towards upgrading roads, bridges, railways and electric vehicle charging infrastructure. Moreover, growing urbanization is also fueling the demand for housing and commercial construction, thereby augmenting the market growth over the forecast period.
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Construction Aggregates Market Drivers, Restrains, Opportunities and Trends
Increasing Investment in Infrastructure Projects Will Drive Demand for Construction Aggregates
The construction aggregates market is expected to witness significant growth driven by increasing investments in infrastructure projects across both developed and developing economies. Governments around the world are investing heavily in development of roads, railways, metros, bridges and other transport infrastructure to support economic growth. This has resulted in increased demand for construction materials like crushed stone, sand, gravel and recycled construction waste which are the core raw materials used in ready-mix concrete and asphalt production. The rising infrastructure activity is creating consistent demand for aggregates and boosting revenue opportunities for suppliers.
Increasing Adoption of Recycled Construction & Demolition Waste Presents New Avenues
With growing environmental awareness, construction projects are under increased pressure to reduce waste generation and promote sustainability. This has opened up opportunities for recycled aggregates produced from construction & demolition (C&D) waste. Many regional governments are implementing policies encouraging the use of recycled materials in infrastructure development to cut down landfill waste. The market for recycled aggregates obtained from demolition sites is growing steadily. As sustainable building gains prominence globally, adoption of recycled aggregates offers a promising market expansion opportunity.
Rising Popularity of Pre-Mixed Concrete Will Impact Aggregates Demand Patterns
Ready-mix concrete has emerged as a widely used building material owing to advantages like easier transportation and application compared to conventional concrete mixtures. The ready-mix concrete industry consumes a major share of total aggregates produced annually. As use of pre-mixed concrete spreads to smaller projects and do-it-yourself applications, it is transforming consumption trends in the aggregates market. Suppliers will need to adapt packaging, blending and delivery capabilities to match the growing ready-mix concrete industry's demand for consistent quality and uniform sized aggregates. This shift represents a notable market trend that aggregates producers must factor in their long-term strategies.
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Top Companies Included in This Report:
★ Adbri Ltd (Adbri)
★ Big City Crushed Concrete
★ CEMEX S.A.B. de C.V.
★ CRH Plc. (CRH)
★ Delta Sand & Gravel
★ Eurocement Group
★ Ferma Corp
★ Green Stone Materials
★ Heidelberg Cement AG
★ Holcim
★ Independence Recycling of Florida
★ Martin Marietta Materials
★ Rogers Group Inc.
★ Tarmac
★ Top Grade Site Management LLC
★ Vulcan Materials Company
★ China Resources Cement Holdings Limited
★ Royal Mineral
Market Segmentation:
Based on Product Type:
★ By Product Type: Crushed stone, Sand & Gravel, Other Aggregates
Based on Applications:
★ By Application: Commercial, Residential, Industrial, Infrastructure
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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