Construction Aggregates Market Current Overview and Strategic Future Analysis 2024 - 2031 | Adbri Ltd (Adbri), Big City Crushed Concrete

Market Overview:

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:

Rising infrastructure spending across both developed and developing countries is expected to be a major driver for construction aggregates market growth over the forecast period. Governments around the world are actively focusing on building new infrastructure as well as repairing and upgrading existing infrastructure, which is increasing the demand for aggregates. Additionally, rapid urbanization is leading to growth of residential and commercial construction activities, further fueling market expansion. Substantial investments by public and private entities in transportation infrastructure such as roadways, bridges, highways etc. are also projected to boost the consumption of construction aggregates during the forecast period.

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Rise in Megaproject Construction

Various countries are undertaking ambitious megaprojects like high speed rail networks, new ports, metro lines and power plants. Saudi Arabia, China, United Arab Emirates, India and others have announced plans for building new futuristic smart cities. Large scale projects require unprecedented quantities of rock, sand, gravel and crushed stone which are the main products obtained from construction aggregates quarrying and mining. Global aggregates consumption is directly correlated to the volume of megaproject construction contracts awarded worldwide. As long as there is continued emphasis on launching strategic infrastructure ventures, the aggregates industry will experience consistent growth in sales volumes.

One Major Opportunity Opening Up For The Construction Aggregates Market

Utilization of Recycled Construction & Demolition Waste

With the gradual depletion of natural raw material reserves and stringent environmental laws, reuse and recycling of construction and demolition (C&D) debris has emerged as a major opportunity area for aggregates producers. C&D waste like concrete, asphalt pieces, bricks, blocks can be processed and engineered to specifications required for various construction applications such as roadbase material, backfill, aggregate for drainage applications etc. The market for recycled aggregates is growing rapidly as more companies adopt advanced C&D recycling technologies. This provides an sustainable alternative to quarrying while helping reduce costs, decreasing landfill volumes and providing reliable access to affordable aggregates. Those capable of recycling C&D waste at commercial scale stand to gain significantly in the long run from this circular economy avenue.

One Key Trend Shaping The Future Of Construction Aggregates Industry

Growing Adoption of Alternative Raw Materials

With depleting natural reserves and increasing environmental protection policies affecting conventional quarrying, the aggregates sector is pursuing the use of alternative raw material sources. Waste materials from other industries are being aggressively tested and utilized wherever technically feasible. Some key substitutes gaining ground include steel slag from iron & steel manufacturing, coal ash from thermal power plants, recycled glass and foundry sand. Aggregates producers are also looking at establishing partnerships to procure industrial by-products on a long term basis. Various organizations are sponsoring research into developing new composite aggregates using materials traditionally considered as waste. This emerging trend of adopting alternative feedstock underscores the industry's efforts at moving towards more sustainable practices and securing alternative supply sources to hedge against any policy changes impacting natural quarries.

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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:

By Product Type:

• By Product Type: Crushed stone, Sand & Gravel, Other Aggregates

By Applications:

• By Application: Commercial, Residential, Industrial, Infrastructure

Key Regions/Countries are 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)

The report offers insights on the following topics:

Chapter 1: Study Coverage

Chapter 2: Executive Summary

Chapter 3: Competitor Landscape of the Construction Aggregates Market by Players

Chapter 4: Market Size of the Construction Aggregates Market by Type and Application

Chapter 5: Global and Regional Analysis

Chapter 6: Company Profiles, Recent Developments, and Investments

Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors

Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments

Chapter 9: Research Findings and Conclusion

Chapter 10: Methodology/Research Approach

Ultimately, the Construction Aggregates Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Construction Aggregates industry.

Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.

Author Bio:

Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.

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