Press release
Construction Aggregates Market Analysis and Future Growth Prospects 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 construction aggregates market is expected to witness significant growth over the forecast period, owing to rising infrastructure development activities across both developed and developing countries. Governments around the globe are increasing their investment in development of commercial and residential infrastructure such as buildings, roads, bridges, railroads, etc. For instance, according to the U.S. Department of Transportation, the estimated investment needed by 2025 for highway and bridge capital improvements is over $125 billion per year. Furthermore, rising road construction projects in countries such as China, India, and Indonesia are also fueling demand for construction aggregates. The growing demand from construction industry and rising government expenditure on infrastructure development are some of the key factors expected to propel the global construction aggregates market over the forecast period.
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Construction Aggregates Market Drivers: Government Investments in Infrastructure Development Projects
Governments across the globe are investing heavily in infrastructure projects like roads, highways, bridges, railways, airports etc. to boost economic growth. Rising government expenditure on development of transportation, energy and utilities infrastructure is driving the demand for construction aggregates. Government investments in development of smart cities, urban infrastructure and affordable housing is also augmenting the consumption of construction aggregates.
Rise in Commercial and Residential Construction Activities
Growing population, rapid urbanization and rising income levels are propelling the demand for residential and commercial construction. There is a rising need for housing, offices, malls, hotels and other commercial spaces in urban areas. This is positively impacting the construction aggregates market. Rebuilding and repair activities of old infrastructure also require aggregates. Growing middle class segment is demanding modern residential spaces which needs aggregates for construction. Government incentives and policies to boost affordable housing is another driver.
Construction Aggregates Market Trend: Adoption of Advanced Mining Equipment
To improve productivity, reduce costs and comply with stringent emission norms, aggregates producers are automating mining operations with advanced equipment. Technologies like robotic mining, autonomous hauling trucks and drillers are being adopted. Use of sensors, IoT, AI and data analytics helps optimize mining processes. Dump trucks with bigger payloads help lower transportation costs. Aggregates are being processed in powerful crushers and screens to produce uniform materials as per construction standards. Adoption of solar and wind energy helps achieve sustainability goals. Advanced technologies are a key trend to gain competitive edge in the growing construction aggregates industry.
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Top Companies Featured 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 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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Report Highlights:
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Author Bio:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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